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What is BONK coin and how does it work?

by Financial Economy

BONK, like Dogecoin (DOGE) and Shiba Inu (SHIB), reviving the Solana (SOL) ecosystem, has been one of the most popular coins recently. The meme coin has been up 16x since its launch. It was also listed on the popular crypto exchange Huobi. Detailed information some questions about what is BONK coin, how does it work, its advantages and disadvantages, which exchange is it avaliabe on, how to by it, etc are in continuation of the article. You can browse here for information about Valencia CF Fan Token (VCF).

What is BONK coin and how does it work?

According to Bonk’s one-page report, at launch, 50 percent of the initial token supply was airdropped to Solana Non-Fungible Token (NFT) collectors, traders, artists and developers. According to the website, “Bonk contributors” were fed up with the toxic “Alameda” tokenomics and wanted to make a fun meme coin where everyone gets a fair chance.” Bonk’s website has a list of “partners”, including well-established Solana projects such as the Famous Fox Federation, Orca, Raydium, and Solend. Bonk was launched on December 25, but started hinting in his first tweet on December 8.

Over the past few days, the dev team behind BONK has carried out a massive token burn. Along with this, new features have been announced that allow holders to burn their tokens on their own.

The BONK price increased due to the token burning and increased enthusiasm for the project. Even though the price of the bonk token rises, one should consider the possibility that it will suffer a similar fate to meme coins that usually eat a pump&dump. This issue is very important for those who want to invest! But in the meantime, it has helped the Solana ecosystem gain momentum at a time when many crypto players see it as a loss.

Which exchange is BONK coin on?

BONK coin is listed on some cryptocurrency exchanges such as BTCEX, Bybit, Bitrue, Bitget, BingX, etc.

How to buy BONK coins?

BONK coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

BONK token supply!

Total supply of BONK coin is 99.867.657.417.668 units.

BONK token price!

As of January 10, 2023, at the time of the writing, 1 BONK token price is around $0.000001538 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

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