What is Bonk, and How Can Bonk Be Buy In India?

What is Bonk, and How Can Bonk Be Buy In India?

What is BONK?

BONK is a Solana-based (SOL) meme coin airdropped to the Solana community on Christmas Day 2022. 

The BONK project exists on the Solana blockchain, one of the world’s most valuable layer one (L1) blockchains.

According to BONK’s whitepaper, the project aims to be a community coin of Solana” used across many DApps. 

BONK aims to achieve this by airdropping 50% of its total supply to “NF” degens and DeFi traders, artists, and collectors on Solana.

BONK Tokenomics

Tokenomics is “the study of a cryptocurrency’s supply, distribution, and demand.

Below, we have compiled some important information that BONK investors will find helpful.

  • As of May 2024, BONK was the sixth largest meme coin by market cap, after DOGE and Shiba Inu (SHIB).
  • It was the 60th largest crypto by market cap as of May 2024.
  • The total supply of Bonk is 93,526,170,019,115 BONK.
  • The circulating supply of BONK is 65,191,332,386,576 
  • Coinmarketcap reports that the company’s market capitalization as of May 1, 2024, is $1,575,040,504, and its 24-hour trading volume is $425,952,083.
  • Solana intelligent contract address is DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263.

Components of the Bonk Ecosystem

The Bonk Ecosystem plays a unique role in their utility and functionality. It comprises BonkSwap, BonkDex, and BonkVault.

  • BonkSwap is a decentralized exchange (DEX) platform for buying and selling Bonk tokens and other cryptocurrencies.
  • BonkDex is a (DeFi) platform within the Bonk ecosystem that provides decentralized financial services such as lending, borrowing, and staking.
  • BonkVault is a wallet that securely stores users’ Bonk tokens and other digital assets.

What is the circulation supply of Bonk?

According to Coinmarketcap, the circulating supply of BONK is 65,191,332,386,576.

How to buy Bonk in India?

Let’s consider a few steps to buy Bonk in India.

One of the most trusted ways to buy Bonk in India is with Bitcoiva, the best cryptocurrency exchange in India. You can deposit INR/USDT in Bitcoiva and buy Bonk, which has high Liquidity and low transaction fees.

Step1: Sign up on the Bitcoiva Account

To buy and sell Bonk cryptocurrency, you must create an account on the Bitociva Crypto exchange platform.  You can log in with your credentials if you already have an account. Click the below link to create an account.

Step 2: Set up your Security key

First, activate your Bitcoiva account and generate a six-digit security key in Bitcoiva. Bitcoiva allows 2FA authentication and sends OTP for the registered mobile ID and phone number.

Step3: Complete the KYC process

You have to upload your bank details to complete the KYC process.

Step 4: Deposit Funds

To buy Bonk Meme Coin, Deposit fiat currencies. Bitcoiva is the only crypto exchange in India that allows you to purchase cryptocurrencies using INR.

Step 5: Buy BTC on Bitcoiva

Your deposited funds are now in Bitcoiva’s main wallet; you must do a wallet transfer to move them to the spot wallet and buy Bonk crypto.

Now,Enter the total amount you want to buy Bonk crypto and click buy.

How many Bonk (BONK) coins are currently available for buy? 

By the team’s strategy, Solana users (artists, creators, and active team members) received fifty percent of the total supply via airdrop. The absolute stock of $BONK is almost 100 trillion coins, distributed as follows:

  • 5% to Team Development.
  • 5% to Marketing.
  • Initial Liquidity by 5%.
  • 15% going to the Bonk DAO.
  • 20% to Early Contributor.
  • 20% to 40 Solana NFT collections (297K individual NFTs).
  • 15% to Early OpenBook traders.
  • 10% to Solana collectors and artisans.
  • 5% to Solana developers.

As of January 2023, there are 56,000,000,000,000 tokens available for use.

How Is the Bonk Network Secured?

As a Solana-based token, BONK depends on an exciting mix of Proof-of-History (PoH) and Proof-of-Stake (PoS) agreement components, further developing throughput and versatility. Solana is a Layer 1 blockchain, considered one of the most superior presentation permissionless blockchains available and the quickest network because of its speed and guaranteed throughput: the organization of 200 distinct nodes can handle up to 50,000 transactions each second (TPS).

Will the Bonk coin reach $1?

To reach $1, Bonk would have to acquire 4,274,803.27%. Per our Bonk prediction algorithm, Bonk’s price will not reach $1. The highest expected value our algorithm gauges is $0.001109 by Jan 1, 2049.

Does Bonk have a future? 

What is the $BONK coin’s future like? The predicted value of Bonk in 2025 ranges from $0.00002111 on the low end to $0.00009712 on the high end. If BONK arrives at the upper-cost target, Bonk could acquire 348.37% by 2025, contrasting the present cost. 

Should I sell in my today’s Bonk? 

Your financial objectives, risk tolerance, and market conditions determine when to sell Bonk. Consider cost drifts, speculation timetable, and potential duty suggestions. You may want to counsel a financial consultant and direct careful exploration before deciding.

Will the Bonk coin reach $1?

Bonk would have to acquire 4,274,803.27% to reach $1. Per our Bonk prediction algorithm, Bonk’s cost won’t get $1. Our algorithm gauges’ most elevated predicted value is $ 0.001109 by Jan 1, 2049.

Visit: www.bitcoiva.com