Tokenomi Bonk (BONK)

Bonk (BONK) is a Solana-based meme token with deep integrations across DeFi, gaming, and payments within the Solana ecosystem. Its token economics are designed to foster community engagement, incentivize liquidity, and support long-term ecosystem growth. Below is a comprehensive breakdown of its issuance, allocation, usage, incentives, locking, and unlocking mechanisms.

Issuance Mechanism

• Token Standard & Supply: BONK is primarily an SPL token on Solana, with a maximum supply of approximately 93.56 trillion tokens. It is also bridged to Ethereum, BNB Smart Chain, Polygon, and Arbitrum, but core functionalities are on Solana.
• Initial Distribution: There was no public or private sale; the majority of tokens were distributed via airdrop and ecosystem allocations.

Allocation Mechanism

The initial allocation of BONK tokens is as follows:

• No Team Sale: No tokens were sold to the public or private investors, and no portion was used for fundraising.

Usage and Incentive Mechanisms

Primary Uses:

• Payments: Used across a growing list of dApps and platforms for payments and rewards.
• DeFi: BONK can be paired with other tokens in liquidity pools (e.g., BonkSwap), earning LPs a share of transaction fees (APY ranged from 23.43% to 43.36% as of Jan. 31, 2024).
• Staking: Liquidity providers in incentivized pools (BONK/SOL, BONK/USDC) receive esBONK rewards, which can be staked to unlock BONK over time.
• Gaming & NFTs: Used in games, NFT minting, and as rewards in various gamified applications.
• Referral Programs: BONKBot offers referral rewards paid in BONK, funded by a portion of trading fees.

Incentive Mechanisms:

• esBONK Staking: ~55.56 million esBONK distributed daily to LPs. esBONK can be staked to unlock BONK at a 1:1 ratio over 365 days.
• Referral Rewards: Users referring new traders to BonkBot receive a share of trading fees in BONK (30% first month, 20% second, 10% ongoing).

Locking and Unlocking Mechanisms

Locking

• esBONK Staking: esBONK tokens earned by LPs are locked and can be staked to unlock BONK linearly over 365 days.
• Early Contributors: Their allocation is subject to a 3-year linear vesting schedule.

Unlocking

• Early Contributors: Receive daily unlocks of their allocation over three years, from Jan 1, 2023, to Dec 31, 2025.
• esBONK Staking: Users unlock BONK linearly over 365 days by staking esBONK.

Summary Table: Allocation, Locking, and Unlocking

Additional Notes

• No Mint/Freeze Authority: The BONK token contract on Solana does not have mint or freeze authority, ensuring decentralization and security.
• No Delegated Staking: Staking is for liquidity incentives, not network security; there is no delegated staking or node operation.
• Ecosystem Integrations: BONK is integrated with 100+ dApps, including DeFi, gaming, NFT, and social platforms.

In summary: BONK’s token economics are community-focused, with airdrop-based distribution, strong DeFi incentives, and a transparent, time-locked vesting for contributors. Its utility spans payments, DeFi, gaming, and social rewards, with mechanisms to encourage long-term participation and ecosystem growth.