$BONK is a popular dog-themed meme coin on the Solana blockchain, launched in December 2022. BONK positions itself as "the dog coin of the people," and it has a number of unique features, including releasing half of its total supply via an airdrop to the Solana community.
1... Although BONK is primarily a meme coin that relies heavily on the impact of social media, it has also found some use cases in the Solana ecosystem, including DEXs, NFTs, and gaming. On its own, BONK is usable in many of the same ways as any crypto asset, made better by the benefits of the Solana blockchain including low fees, speed of transaction processing, and being able to utilise BONK along with many other tokens and coins on Solana. In addition to its uses, BONK implements a "burning" program in an effort to reduce the total Supply available in circulation over time, which is a potential strategy for introducing deflationary pressure on its price.
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