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All you need to know about Bonk airdrop and where to buy Bonk token

The value of Bonk, the meme coin that takes pride in being the first Solana Dog coin, has been on the rise in the last few months.

What is the Bonk token?

The Bonk coin is issued by the decentralized organization BonkDAO, which is based on the Solana blockchain. Prior to December of 2022, only those who actively follow the Solana development had heard of it.

Twitter user R89 Capital, who is well-known in the cryptocurrency industry, informed his followers of the existence of a new (yet another) meme token. Bonk Inu is the dog coin of the people. It is the first Solana Dog Coin created by the people for the people.

https://twitter.com/R89Capital/status/1607058066960453634

BONK is a community dog coin that was airdropped to a variety of Solana NFT holders, DeFi members, art collectors, and Solana developers.

BONK Airdrop Date

50% of the total supply was airdropped to the Solana Community on the 25th December 2022. The devs wanted to have some fun because they were tired of the toxic tokenomics in “Alameda.” 

BONK Airdrop Eligibility

Various Solana NFT collections got 20% of the 50% airdrops. This consists of 297,000 unique NFTs. Meanwhile, 10% went to Solana artists and collectors. Additionally, early Openbook traders got a 15% BONK airdrop. The developers will receive the final 5%.

Additionally, it is essential to have a sound escape plan. On the other hand, a long-term hold could be dangerous. But every meme coin has a chance to become as popular as DogeCoin. You can undoubtedly support it to the fullest extent if you believe that it has promise on the Solana blockchain.

BONK can be purchased on various cryptocurrency exchanges by non-Solana community members. The developers promise numerous integrations, as well as the prospect of future voting among BONK holders.

Where to buy BONK

On most cryptocurrency exchanges, you will need Bitcoin (BTC) or Ethereum (ETH) to purchase BONK. CoinMarketCap gives a list of purchase alternatives for each digital currency (also known as market pairs). Go to CoinMarketCap and search for Bonk. 

Tap on the button labeled “Market” near the price chart.  In this view, you will find a comprehensive list of places where Bonk can be purchased, as well as the currencies that can be used to buy it. Under “Pairs,” you will find the abbreviation for Bonk, as well as another currency. The second currency can be used to purchase Bonk. If you’d like to purchase BONK with the U.S. Dollar, look for BONK/USD.

For users who wish to remain anonymous, StealthEX is a cryptocurrency exchange that lets you swap your crypto to BONK. The exchange supports a wide variety of cryptocurrencies which enables you to swap cryptocurrencies without going through a verification process. StealthEX is ideal for users who want to buy BONK quickly and without KYC.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Florence Muchai

Florence is a crypto enthusiast and writer who loves to travel. As a digital nomad, she explores the transformative power of blockchain technology. Her writing reflects the limitless possibilities for humanity to connect and grow.

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