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Few meme tokens have captured the imagination and enthusiasm of the community like BONK. Launched on December 25, 2022, BONK quickly became known as the “social layer and community meme coin of Solana.” Emulating similar dog-themed memes like Shiba Inu (SHIB) and Dogecoin (DOGE), BONK brought a wave of liquidity and excitement back to Solana’s decentralized exchanges.
Central to BONK’s success is the Bonk DAO, a decentralized autonomous organization dedicated to propelling the token’s adoption and utility. On July 9th, BONK DAO received a proposal to burn approximately 84 billion BONK from its Treasury, representing the Q2 contributions from BONKBot. All BONK locked on BonkRewards became eligible to vote on this community proposal. By July 15th, the proposal had passed and been executed.
BONK’s rapid rise and community-driven ethos are supported by its extensive integrations and utility across various applications and protocols within the Web3 ecosystem. Key projects include Bonk Bot, a Telegram bot for buying BONK and more, Bonk Swap, a platform for swapping and providing liquidity described as the nexus of degeneracy on Solana, Bonk Rewards, a rewards system where users can lock their $BONK to earn from the BONK Rewards Pool, Moonwalk, a gamified fitness app that incentivizes users to achieve daily goals using $BONK, and Pooper Scooper, a tool to clean up wallets and earn BONK. Using a distribution strategy focused on rewarding the Solana community and aligning incentives for long-term growth, BONK has solidified its place as a premier community coin.
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Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
