Solana-based meme coin BONK has jumped 30% within the final 24 hours because the BONK DAO declares an formidable plan to burn 1 trillion tokens via a community-driven marketing campaign.
The value of Bonk (BONK) has additionally seen a 116% pump within the final seven days. The token at the moment holds a $3.49 billion market capitalization.
BONK is now the second-largest Solana (SOL) meme coin behind dogwifhat (WIF).
BONK’s BURNmas marketing campaign particulars
The BONK DAO has unveiled “BURNmas.” The venture has described this as the most important on-chain community-driven burn occasion in Solana’s historical past.
The marketing campaign will run from November 15 at 12:01 am UTC via December 24, with the accrued tokens scheduled for burning on Christmas Day at 12:01 am UTC.
The burn initiative introduces a number of engagement-based standards for token burning.
Social media participation will set off burns of 1,000 BONK for every #LetsBONK submit on X. On the identical time, new followers throughout Instagram, TikTok, and YouTube will lead to 10,000 BONK burns per platform. The marketing campaign extends to varied ecosystem actions.
BONK has established itself as a key meme coin within the Solana ecosystem, with its $3.49 billion market cap inserting it simply behind dogwifhat’s $3.75 billion valuation.
The DAO’s burn initiative spans a number of platforms and actions throughout the BONK ecosystem, together with gaming, social media, and buying and selling actions.
BONK burn Mechanism Breakdown
This system consists of numerous burn triggers throughout totally different platforms:
- Workforce BaoBao Animation views: 10,000 BONK per view
- BONKbets platform: 50,000 BONK per guess
- BONKmark transfers: 50,000 BONK per card despatched
- Moonwalk health recreation: 100 BONK per step
- New BERN holders: 100,000 BONK per holder (minimal 10,000 BERN)
- BONKlive and Saturnbot buying and selling: 50,000 BONK per greenback traded
The initiative’s progress may be tracked in real-time via BURNmas.com, permitting neighborhood members to observe the marketing campaign’s influence because it approaches its Christmas Day end result.
Burn actions are often employed by numerous initiatives, together with meme cash like Shiba Inu (SHIB), to cut back their circulating provide.
