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 Solana-based meme token with a strong community focus and deep integrations across DeFi, gaming, NFTs, and other Web3 applications. Below is a comprehensive analysis of its token economics, including issuance, allocation, usage, incentives, locking, and unlocking mechanisms.
Issuance Mechanism
- Total Supply: The initial maximum supply was approximately 100 trillion BONK, later reduced to ~93.56 trillion due to token burns.
- Issuance: BONK was not sold via ICO or private sale. Instead, it was distributed through a large-scale airdrop and allocations to various ecosystem participants and contributors.
- Burn Mechanism: BONK employs a buyback and burn mechanism. For example, BonkBot charges a 1% trading fee, 100% of which is used to buy back BONK, with 10% of the bought-back tokens instantly burned, reducing the total supply over time.
Allocation Mechanism
The initial allocation of BONK was as follows:
| Allocation Recipient | % of Initial Supply | Amount (BONK) | Unlock Mechanism |
|---|---|---|---|
| Solana NFT Projects | 21% | 21,000,000,000,000 | Instant (Airdrop) |
| Early Contributors | 21% | 21,000,000,000,000 | 3-year linear vesting (2023-2025) |
| Solana Market Participants & DeFi Users | 15.8% | 15,800,000,000,000 | Instant (Airdrop) |
| BONKDAO | 15.8% | 15,800,000,000,000 | Instant (Airdrop) |
| Solana Artists & Collectors | 10.5% | 10,500,000,000,000 | Instant (Airdrop) |
| Solana Developers | 5.3% | 5,300,000,000,000 | Instant (Airdrop) |
| Initial Liquidity | 5.3% | 5,300,000,000,000 | Instant (Airdrop) |
| Marketing | 5.3% | 5,300,000,000,000 | Instant (Airdrop) |
- Airdrop: On December 25, 2022, 52% of the supply was airdropped to the Solana community, including NFT projects, DeFi users, artists, and developers.
- Vesting: Early contributors' tokens are subject to a 3-year linear vesting schedule from January 1, 2023, to December 31, 2025.
Usage and Incentive Mechanisms
- Staking & Liquidity Provisioning: Users can provide liquidity to BONK/SOL and BONK/USDC pools on BonkSwap, earning esBONK rewards. esBONK can be staked to unlock BONK at a 1:1 ratio over 365 days.
- Bonk or Bust: BONK can be used for binary options trading on the SOL/USD pair, with outcomes determining token rewards or losses.
- BonkBot Referral Program: Users referring new traders to BonkBot receive a share of trading fees (30% in month 1, 20% in month 2, 10% ongoing), paid in BONK.
- Ecosystem Integrations: BONK is used across DeFi, gaming, NFT platforms, and social applications, with over 130 integrations as of early 2024.
- Rewards Pool: Locking BONK in BonkRewards allows users to earn a share of ecosystem fees.
Locking and Unlocking Mechanisms
- esBONK Staking: esBONK earned from liquidity provision can be staked to unlock BONK linearly over 365 days.
- Early Contributors: Their allocation is released linearly on a daily basis over three years (2023–2025).
- Airdrop Recipients: Most allocations (community, NFT projects, artists, developers, liquidity, marketing) were unlocked instantly at genesis.
Unlocking Schedule Example (Early Contributors)
| Start Date | End Date | Unlock Type | Granularity | Daily Unlock Amount (BONK) |
|---|---|---|---|---|
| 2023-01-01 | 2025-12-31 | Linear | Daily | ~19,160,583,942 |
Summary Table: BONK Token Allocation & Unlocking
| Recipient | Allocation (%) | Unlocking Mechanism | Unlocking Timeframe |
|---|---|---|---|
| Solana NFT Projects | 21% | Instant (Airdrop) | Dec 25, 2022 |
| Early Contributors | 21% | 3-year linear vesting | Jan 1, 2023 – Dec 31, 2025 |
| Solana Market Participants/DeFi | 15.8% | Instant (Airdrop) | Dec 25, 2022 |
| BONKDAO | 15.8% | Instant (Airdrop) | Dec 25, 2022 |
| Solana Artists & Collectors | 10.5% | Instant (Airdrop) | Dec 25, 2022 |
| Solana Developers | 5.3% | Instant (Airdrop) | Dec 25, 2022 |
| Initial Liquidity | 5.3% | Instant (Airdrop) | Dec 25, 2022 |
| Marketing | 5.3% | Instant (Airdrop) | Dec 25, 2022 |
Additional Notes
- No Governance Rights: BONK does not confer voting rights, profit sharing, or legal claims on the issuer.
- No Mint/Freeze Authority: The Solana token contract does not allow for minting or freezing, ensuring supply immutability.
- Decentralization: While the BonkDAO manages the treasury, the project team retains significant control over development and protocol changes.
Implications and Analysis
- Community Focus: The airdrop-centric distribution and broad ecosystem integration reinforce BONK’s identity as a community-driven meme token.
- Incentive Alignment: The combination of staking, liquidity rewards, and referral programs incentivizes active participation and ecosystem growth.
- Vesting and Unlocking: The linear vesting for early contributors helps mitigate immediate sell pressure, while instant unlocks for the community maximize initial engagement.
- Deflationary Pressure: The ongoing buyback and burn mechanism gradually reduces supply, potentially supporting long-term value.
Conclusion
Bonk’s token economics are designed to maximize community engagement, incentivize ecosystem participation, and ensure a fair and transparent distribution. The combination of instant airdrops, linear vesting, and robust usage incentives positions BONK as a leading meme token within the Solana and broader Web3 ecosystem.
Bonk (BONK) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of Bonk (BONK) is essential for analysing 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 centralised 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
Analysing 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.
Why Should You Choose MEXC?
MEXC is one of the world's top crypto exchanges, trusted by millions of users globally. Whether you're a beginner or a pro, MEXC is your easiest way to crypto.
Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.
Please read and understand the User Agreement and Privacy Policy
Buy Bonk (BONK)
Amount
1 BONK = 0.00002097 USD