#Bonk
What is Bonk (BONK) currency?
Bonk (BONK) is a digital currency of the "meme coin" type that was launched on the Solana network on December 25, 2022. It is known as "the first dog-themed digital currency on the Solana platform, serving the community and by the community".
Bonk's Goals:
* Overcoming the dominance of "toxic Alameda tokens": According to the project's white paper, Bonk was created in response to the dominance of certain digital tokens associated with "Alameda Research" (a subsidiary of FTX), aiming to create a fun currency that gives everyone a fair chance.
* Boosting the Solana ecosystem: Bonk sought to revive the morale of the Solana ecosystem after the collapse of FTX in 2022, and it contributed to a significant increase in the price of Solana's SOL token.
* Governance community: The project aims for Bonk to eventually be controlled by the community of coin holders.
Features of Bonk:
* Free airdrop: 50% of the total supply of Bonk was distributed to SOL coin holders and NFTs on the Solana network, resulting in widespread distribution of the currency.
* Low fees: BONK transactions feature extremely low fees on the Solana network.
* Growth potential: Bonk has shown great growth potential due to its large community and sudden emergence.
* Increasing integration: Bonk is increasingly being integrated into NFT applications and distribution tools, enhancing its position in the ecosystem.
* Circulating supply: Approximately 79.42 trillion BONK.
