BONK INU
Crypto Overview
Purpose and Utility
BONK INU is a Solana-based meme cryptocurrency launched in December 2022. Its stated purpose is to be a community-driven token that brings fun and engagement to the Solana ecosystem. The token has evolved to include some utility through integrations with Solana-based DeFi protocols and NFT projects.
Business Model and Current Usage
The token operates primarily as a medium of exchange within the Solana ecosystem. It has gained adoption among Solana users and merchants, with several platforms accepting BONK for payments. The project has implemented a fair launch model where tokens were airdropped to Solana NFT holders and developers, with no pre-mine for the founding team.
Real-World Adoption
BONK has achieved significant adoption within the Solana ecosystem. Multiple Solana-based applications have integrated BONK, including DEXes and NFT marketplaces. The token is actively traded on major centralized exchanges including Binance, Bybit, and Kucoin.
Development Activity
While primarily a community-driven project, BONK has maintained active development through partnerships and integrations. The team regularly updates the community through social media and has implemented various ecosystem initiatives.
Token Distribution
The initial token distribution was conducted through airdrops to the Solana community. 50% of the total supply was airdropped to users, with the remaining allocated to marketing, development, and ecosystem growth. No significant concentration of tokens in founder wallets has been observed.
Crypto Impact
To assign a comfort level investing in BONK INU from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to BONK INU.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.