Bonk Paper

BONK strives to become the true community coin of Solana to be used far and wide across the many great dApps of this flourishing ecosystem. Bonk will not sit in the hands of VCs, instead, it will be held by those that form the social layer of this formidable network.

In particular, over 50% of all tokens will be airdropped to the NFT degens and DeFi traders that fearlessly go to battle as the world outside crumbles, the promising 1/1 artists and their proud collectors who call the Solana network home, and finally the developers who enrich and grow this ecosystem on a daily basis.

All remaining allocations aim to align incentives and ensure that the BONK ecosystem continues to thrive well into the future. This will involve allocations to the BONKDAO for initiatives formed by the community as well as additional funds set aside for marketing endeavors, development activities and grants that encourage Bonk’s future widespread adoption.

Finally, propelling the BONK vision forward will its early contributors, all dedicated to the long-term success of Solana’s true community coin. To prove their loyalty to this network and BONK’s part in it, each contributor will be subject to 3 year-long linear vesting schedules ensuring incentives are aligned in BONK’s long-term success.
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Bonk strives to become the true community coin of solana to be used far and wide across the many great dapps of this flourishing ecosystem. bonk will not sit in the hands of vcs, instead,it will be held by those that form the social laver of this formidable network.

In particular, 50% of all tokens will be airdropped to the nft degens and defl traders that fearlessly go to battle as the world outside crumbles, the promising 1/1 artists and their proud collectors who call this network home. and finally the developers who enrich and grow this ecosystem on a daily basis.

All remaining allocations aim to align incentives and ensure that bonk continues to thrive well into the future. this will involve allocations to the bonkdao for initiatives formed by the community as well as additional funds set aside for marketing endeavors, team development and grants that encourage bonk’s future widespread adoption.

Finally. propelling the bonk vision forward will be a team of early contributors, all dedicated to the long-term success of solana’s true community coin. to prove their loyalty to this network and bonk’s part in it, each contributor will be subject to 3 vear-long linear vesting schedules ensuring incentives are aligned in bonk’s long-term success.
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BONK strives to become the true community coin of Solana to be used far and wide across the many great dApps of this flourishing ecosystem. Bonk will not sit in the hands of VCs, instead, it will be held by those that form the social layer of this formidable network.

In particular, over 50% of all tokens will be airdropped to the NFT degens and DeFi traders that fearlessly go to battle as the world outside crumbles, the promising 1/1 artists and their proud collectors who call the Solana network home, and finally the developers who enrich and grow this ecosystem on a daily basis.
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All remaining allocations aim to align incentives and ensure that the BONK ecosystem continues to thrive well into the future. This will involve allocations to the BONKDAO for initiatives formed by the community as well as additional funds set aside for marketing endeavors, development activities and grants that encourage Bonk’s future widespread adoption.
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Finally, propelling the BONK vision forward will its early contributors, all dedicated to the long-term success of Solana’s true community coin. To prove their loyalty to this network and BONK’s part in it, each contributor will be subject to 3 year-long linear vesting schedules ensuring incentives are aligned in BONK’s long-term success.‍

2022 was a brutal year for the Solana community. Through no fault of the community, Solana has fallen victim to predatory actors extracting from retail for their own gain. Despite this, the Solana community stands strong and this great ecosystem continues to grow richer day by day.

2023 is the year the Solana community takes this network back into its own control with Bonk leading the charge. BONK will be an SPL token whose primary utility will be to serve as the community coin used across the entire network through integrations with Solana’s many great dApps. Unlike tokens sold to the community at criminally high valuations, BONK will be distributed for free to those actors that best serve the network.

In addition to rewarding the existing Solana community, BONK hopes to welcome users from across the wider crypto community and potentially serve as an introduction to new users who are yet to fully embrace the world of web3. Like other community coins before, BONK hopes to provide a user-friendly starting point to new users. Through BONK’s many planned integrations, it is hoped that BONK can guide and introduce new users to concepts such as self-custody, decentralized finance, NFTs, and much more.
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BONK shall benefit from lessons learned by preceding community coins and strive to distribute coins to those community members who are most likely to harness BONK’s true utility. To that end, BONK will airdrop more than 50% of the entire supply to Solana community members.
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The native cryptographically-secure fungible protocol token of the BONK network ecosystem (ticker symbol BONK) is a transferable representation of attributed utility functions specified in the protocol/code of the Bonk network ecosystem, and which is designed to be used solely as an interoperable utility token thereon.

BONK is a functional multi-utility token which will be used as the medium of exchange between supporters of the Bonk network ecosystem in a decentralized manner. The goal of introducing BONK is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the Bonk network ecosystem without any intermediaries such as centralized third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. BONK does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will BONK entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Canada, Singapore or any relevant jurisdiction. BONK may only be utilized on the Bonk network ecosystem, and ownership of the same carries no rights, express or implied, other than the right to use BONK as a means to enable usage of and interaction within the Bonk network ecosystem. The secondary market pricing of BONK is not dependent on the effort of the Bonk team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.

Further, BONK provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on the Bonk network ecosystem, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. BONK are an integral and indispensable part of the Bonk network ecosystem, because without BONK, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the Bonk network ecosystem. Given that additional BONK will be awarded to a user based only on its actual usage, activity and efforts made on the Bonk network ecosystem and/or proportionate to the frequency and volume of transactions, users of the Bonk network ecosystem and/or holders of BONK which did not actively participate will not receive any BONK incentives.

The native cryptographically-secure fungible protocol token of the Bonk network ecosystem (ticker symbol BONK) is a transferable representation of attributed utility functions specified in the protocol/code of the Bonk network ecosystem, and which is designed to be used solely as an interoperable utility token thereon.

BONK is a functional multi-utility token which will be used as the medium of exchange between supporters of the Bonk network ecosystem in a decentralized manner. The goal of introducing BONK is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the Bonk network ecosystem without any intermediaries such as centralized third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. BONK does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will BONK entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Canada, Singapore or any relevant jurisdiction. BONK may only be utilized on the Bonk network ecosystem, and ownership of the same carries no rights, express or implied, other than the right to use BONK as a means to enable usage of and interaction within the Bonk network ecosystem. The secondary market pricing of BONK is not dependent on the effort of the Bonk team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.

Further, BONK provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on the Bonk network ecosystem, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. BONK are an integral and indispensable part of the Bonk network ecosystem, because without BONK, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the Bonk network ecosystem. Given that additional BONK will be awarded to a user based only on its actual usage, activity and efforts made on the Bonk network ecosystem and/or proportionate to the frequency and volume of transactions, users of the Bonk network ecosystem and/or holders of BONK which did not actively participate will not receive any BONK incentives.
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