Developer of Bonk Inu have burned all their originally assigned tokens

Developer of Bonk Inu have burned all their originally assigned tokens

The development team behind the Memecoin project-Bonk Inu (bonk)-based in Solana-has uncovered that over 5 trillion tokens or 5 % of the total offer was burned.

The blockchain data confirmed the process in which Bonk, worth almost $ 1 million, was pulled out of circulation.

As a result, Bonk's circulation offer decreased by 5 % to 94.16 trillion. Aktualisieren Sie das gleiche, die Entwickler tweeted ,

"Bonk represents the best of Solana. Our community works together in the entire ecosystem to bring about positive changes for all of us.

• bonk managed to receive support from both central exchanges and decentralized applications such as gate.io and cremafinance.
• other NFT marketplaces and gambling sites based in Solana have also introduced bonk-based trading events and mints, which the meme continues to boost Coin’s use for owners and investors.
• In a period of less than two weeks, the bonk ecosystem has collected over 50 integrations.
• Further data showed that Bonk has recorded three million transactions in the last three days, which shows an active participation of the owners who also exceeded that of Ethereum.
• On January 6th, the unique bonk walls rose from less than 25,000 at the beginning of this week to more than 86,000.
• token Burning is a process in which a large part of the coins is drawn from the traffic or “burned” indefinitely. This movement essentially creates an imbalance in relation to the demand, which, due to the increasing scarcity of the wealth value, triggers an upward movement of the tokens.
• bonk, however, opposed the standard and instead lost more than 56 % of its value last day and was currently traded at $ 0.000001512, which indicates that investors enforce considerable profits than crypto platforms introduced bonk futures, whereby retailers could bet against the tokens.