Bonk (BONK) is a meme token on the Solana blockchain, launched in December 2022 with an initial airdrop targeting half of its total supply to various stakeholders within the Solana ecosystem, such as NFT developers and investors. This distribution was designed to aid the Solana platform through difficult periods, notably influenced by the FTX incident and the exit of major NFT projects, which affected Solana's performance and its reputation within the blockchain community.
Developed by Dexlab with initial funding from the web3 payments API, Helio, and with contributions from Famous Fox Federation for the airdrop and promotional activities, Bonk introduces itself amidst Solana's need for community-driven support and revitalization. The project's developers have chosen to remain anonymous.
With a total supply of 100 trillion tokens, Bonk seeks to bolster the Solana community's engagement by distributing BONK tokens widely, rather than concentrating ownership. This strategy aims to foster a more inclusive and expansive utilization of the Solana blockchain, promoting its growth and sustainability. Bonk also plans to establish BonkDAO, a governance body led by the Solana community, to steer future development and initiatives beneficial to Solana's ecosystem.
