Bonk (BONK) Tokenomics
Bonk (BONK) Tokenomics & Price Analysis
Explore key tokenomics and price data for Bonk (BONK), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
Bonk (BONK) Information
Bonk is the first Solana dog coin for the people, by the people with 50% of the total supply airdropped to the Solana community. The Bonk contributors were tired of toxic “Alameda” tokenomics and wanted to make a fun memecoin where everyone gets a fair shot.
In-Depth Token Structure of Bonk (BONK)
Dive deeper into how BONK tokens are issued, allocated, and unlocked. This section highlights key aspects of the token's economic structure: utility, incentives, and vesting.
Bonk (BONK) is a dog-themed meme token built primarily on the Solana blockchain as an SPL token, though it has been bridged to other chains like Ethereum (ERC-20), BNB Smart Chain (BEP-20), Polygon (MRC-20), and Arbitrum (ArbERC-20). Its token economics are characterized by a large initial supply distributed via airdrop, community-focused allocation, and mechanisms for utility, staking, and burning.
Issuance Mechanism
The initial distribution of BONK was conducted via an airdrop, with no public or private sales used to raise funds for the project.
- Maximum Supply: The maximum token supply is approximately 93.56 trillion BONK as of January 31, 2024.
- Burning Mechanism: The supply is deflationary due to a burning mechanism associated with the BonkBot trading fee. BonkBot charges a 1.00% trading fee on all transactions, with 100% of this fee used to buy back BONK tokens. The remaining 10.00% of the trading fees are used to "instantly burn BONK." As of January 31, 2024, approximately 6.46 trillion BONK have been burned, reducing the initial maximum supply.
Allocation Mechanism
The initial maximum token supply was allocated across various segments of the Solana ecosystem and early contributors.
| Allocation Group | Percentage of Initial Supply |
|---|---|
| Solana NFT Projects | 21.0% |
| Early Contributors | 21.0% |
| Market Participants and DeFi Users | 15.8% |
| BONK DAO | 15.8% |
| Solana Artists and Collectors | 10.5% |
| Solana Developers | 5.3% |
| Initial Liquidity | 5.3% |
| Marketing | 5.3% |
| Total | 100.0% |
- Early Contributors: The 21.0% allocated to 22 early contributors is subject to a vesting schedule.
- Initial Liquidity: The 5.3% allocated for Initial Liquidity Distribution was used in platforms like Raydium, Orca, and Solend. Any rewards earned from this distribution are returned to the BONK DAO.
- BONK DAO: The 15.8% allocated to the BONK DAO is intended for community-conceived initiatives, with a Realms Instance established to control further distribution and allocation.
Usage and Incentive Mechanism
BONK functions as a utility token across a wide range of applications and protocols within the Web3 ecosystem, particularly on Solana.
Primary Utility and Integrations
BONK is integrated into numerous applications across categories including:
- DeFi
- Gaming
- NFTs
- Wallets
- Social applications
- Transfer Tools
Specific uses include:
- NFT Creation: BONK can be used to create NFT art collectibles, requiring 1 BONK per NFT.
- Liquidity Provisioning: BONK can be paired with other tokens in liquidity pools on BonkSwap, earning liquidity providers a pro-rata share of transaction fees, with advertised APYs ranging from 23.43% to 43.36% as of January 31, 2024.
- Trading: Tokenholders can use BONK to participate in binary up/down options trading on the SOL/USD price ratio via "Bonk or Bust."
- Gaming/Fitness: Projects like Moonwalk gamify fitness by introducing financial incentives using BONK.
- Sports Betting: BONKBETS is a Web3 sportsbook where users can bet with BONK.
Incentive Mechanisms
Users and tokenholders can earn compensation through several mechanisms:
- Staking Rewards (esBONK): Tokenholders who provide liquidity to incentivized pools (BONK/SOL and BONK/USDC) receive esBONK rewards. Approximately 55.56 million esBONK tokens are distributed daily.
- BonkBot Referral Program: Existing users who refer new users to BonkBot receive a percentage of the new user's trading fees, paid in BONK:
- First month: 30.00%
- Second month: 20.00%
- Perpetually starting with the third month: 10.00%
- These rewards are funded by 20.00% of the trading fees allocated to "cover referrals."
- Staking (ERC20 Version): For the ERC20 version of BONK, a 1% fee on all transfers and a 9% withdrawal fee are sent to the staking pool, which is then distributed to stakers.
Locking Mechanism and Unlocking Time
Early Contributor Vesting
The 21.0% of the initial supply allocated to early contributors is subject to a vesting schedule.
- Locking Mechanism: The tokens are subject to a linear vesting period.
- Unlocking Time: The vesting period is three years, beginning on January 1, 2023.
Staking and Liquidity Provisioning
A separate locking mechanism is associated with the staking of liquidity provider rewards.
- Locking Mechanism: Liquidity providers receive esBONK tokens. These esBONK tokens must be staked on BonkSwap to unlock the underlying BONK tokens.
- Unlocking Time: Staked esBONK tokens linearly unlock BONK tokens at a 1:1 ratio over 365 days.
Bonk (BONK) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of Bonk (BONK) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of BONK tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many BONK tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand BONK's tokenomics, explore BONK token's live price!
How to Buy BONK
Interested in adding Bonk (BONK) to your portfolio? MEXC supports various methods to buy BONK, including credit cards, bank transfers, and peer-to-peer trading. Whether you're a beginner or pro, MEXC makes crypto buying easy and secure.
Bonk (BONK) Price History
Analyzing the price history of BONK helps users understand past market movements, key support/resistance levels, and volatility patterns. Whether you are tracking all-time highs or identifying trends, historical data is a crucial part of price prediction and technical analysis.
BONK Price Prediction
Want to know where BONK might be heading? Our BONK price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.
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Amount
1 BONK = 0.000010596 USD
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