$BONK — .bonk | #BONK … Burn?

BIGBLACKCRYPTO.BNB
5 min readJan 4, 2023

Lets discuss a stonk named BONK… and why its bigger than SHIB or DOGE

Follow me on twitter please:

$BONK: Why bonk?
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.

Where to swap: https://raydium.io
Wallet I recommend: Trust Wallet is great, SolFlare is my personal preference
Contract: DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263
SOLSCAN: 97,000 Holders | Market Cap $101,877,449 USD/ CA$138,088,269
Chain: SOLANA

$BONK is the next 10 billion dollar protocol… none of our opions matter, even chatgpt is speechless

Discussing on whether or not Sol will survive:
Solana will survive, even thought there’s rumors of a mass exodus of devs leaving Solana…. i don’t believe that. I haven’t heard that from developers, and I’ve seen the opposite. I am invested in the SAGA Mobile venture, and the zApp store are both going to challenge Apple & Google Play respectively for web3 adoption. SAGA’s MVP (most-viable-product) is in the hands of developers and that’s public knowledge.

The dvts (developer units) are being programmed. The look is sleek, the specs are high end and the affordability factor is huge. The uptick in SOL is attributable to #BONK yes, but the impression left on investors has been positive. People are very enthused about the SAGA… and the prospect of this being everyones “APPLE” like moment. If governance of Solana Mobile is hypothetically determined by “SOL” holdings in the future, we could see a $100 to $200 SOL. I equate it to the rebound of Tesla… our issue is that we’re so super early, and there’s a lot of time in front of us. We just have to be patient.

In January of 2022 a separate project i’m invested in had a hackathon and hosted over 13,000 devs before migrating to BNB…. some developers are die hard chain specific folk. Remember even influencers will intentionally tank what they can, for favourable re-entry points. LOL sometimes the best fud is spotted right before payday …. I wonder why that could be.

So yes I am familiar w/ FTX’s collapse, but I view the BONK drop as a great gesture of sincerity from the organizing developers and partnered programs…. serving as a a literal middle finger to Alameda & FTX. See to get listed on FTX, they had to hold tokens w/ ALAMEDA, so a lot of treasuries (SOL or ETH and both) all got rugged. So the airdrop was meant to make defi fun again. Its why such a large portion of the supply went to 297,000 NFT owners, and project creators.

So will Solana survive, most likely. Even though there’s rumors of a mass exodus of devs leaving Solana…. i don’t believe that. I haven’t heard that from developers. Like in January of 2022 a separate project i’m invested had a hackathon and hosted over 13,000 devs before migrating to BNB…. It’s important to not conflate entire chains or ecosystems as being some kind of company. When in fact these dao’s, guilds and working collectives of gig workers are independent of FTX, ALAMEDA, & SOLANA. What ever happened with SBF and co hasn’t driven people away, because how does one walk away from the ecosystem there apart of, an ecosystem they understand. Hence why the building never stops.

I’m familiar w/ FTX’s collapse. I signalled wrongdoing back in June of 2022 when SBF had moved $320M during the Celsiu’s freezing of user funds. In constrast the BONK drop was organized by developers who felt they were wronged by ALAMEDA…. the BONK release is a middle finger to Alameda & FTX. See to get listed on FTX, developers had to hold tokens w/ ALAMEDA. Alot of treasuries (SOL or ETH, USDT and Bitcoin, ect) all got rugged. Developers were told to hold a percent of their treasury w/ ALAMEDA in order to achieve a listing or investment. Many were mislead to believe ALAMEDA was independent of FTX, but to our dismay SBF and accomplices allegedly co-mingled funds, and lost significant sums in over leveraged positions.

Focusing on:
The airdrop was meant to make defi fun again. Its why such a large portion of the supply went to 297,000 NFT owners, and project creators.

The 50% airdrop will be split as follows:​

  • 20% to solana nft collections, comprising of 297,000 individual nfts
  • 15% to early openbook traders
  • 10% to solana artists & collectors
  • 5% to solana developers

The coordination is what makes it unique… 14 partners… doge/shib/dogelon never came out the gates w/ partners. BONK launched w/ a cosm of influence, and its likely to get listed on major exchanges who want in on the BONK… but here’s the catch. The exchanges have to pay like everybody else. So early adopters could reap the rewards of exchanges adding BONK liquidity to there books. Cryptocoms reserves were 20% SHIB….. and they don’t have the capital to deploy w/ out calving into known and obvious positions. However, failure to do so could see a sharp depreciation in SHIB and other “INU” variant chain values….

This isn’t an “ALL-Markets” are pumping signal… its a dog-eat-doge world, and right now $BONK is the best in show. Bonk is happy to partner and integrate with the following builders of the solana ecosystem:

1: Assetdash — BONK’S ESTEEMED marketing partner
2: Boibook — sportsbook and gaming — BET WITH BONK
3: Dexlab — initial token creation — TRADE BONK HERE
4: Helio — BONK’S initial funding tool
5: Famous fox federation Token market — BUY & SELL BONK HERE
6: Famous fox federation RAFFLES — PARTICIPATE IN RAFFLES WITH BONK
7: Famous fox federation FLIP — PARTICIPATE IN SOME GOOD OL’ DEGEN
8: BONK FLIP
9 Heywallet — SEND BONK OVER twitter
10 Orca — ADD SOME BONK LIQUIDITY ON ORCA
11: Raydium — initial dex, amm and liquidity provider FOR BONK
12: Solend — borrow/lend BONK
13: Streamflow — BONK payment streaming
14: Switchboard — BONK pricing oracle

What have your shiba inu’s delivered?
What has dogelon delivered?
What has become of doge?

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BIGBLACKCRYPTO.BNB

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