BONK is the first dog-themed cryptocurrency on Solana, described as "for the people, by the people." Half of its total supply was distributed via an airdrop to the Solana community. Like other meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE), BONK aims to foster engagement within the Solana ecosystem. The project's primary objective is to increase liquidity on Solana-based decentralized exchanges (DEXs). The developers envisioned BONK as a community-driven token intended for use across decentralized applications (dApps) built on Solana, with the goal of creating an inclusive ecosystem where users have equal opportunities. The airdrop randomly distributed BONK to Solana NFT collectors, developers, and artists, though further details about the distribution remain undisclosed. The project maintains an active online presence, primarily through its Twitter account. The team behind the Bonk project remains anonymous. The official website does not provide a comprehensive whitepaper but offers a one-pager and a bonk-paper outlining token distribution, integration details, and links to SolScan, a blockchain explorer. (Note: The revised version removes time-specific references like "January 2023" and "at the time of writing" to make the content evergreen while preserving factual details about the project's documentation.) Half of the total supply—50 trillion coins—is allocated to those supporting the Solana blockchain and contributing to community development. A decentralized exchange on Solana reported that the airdrop generated around $20 million in trading volume. After becoming available on multiple exchanges, the token experienced significant growth. BONK has been integrated into more than 350 on-chain applications developed by the community across various sectors. *(Note: Removed speculative performance claims and exchange-specific details to maintain an evergreen, factual tone.)* The team allocated 50% of the total $BONK supply to Solana users, including artists, creators, and active community members, through an airdrop. The total supply of $BONK is approximately 100 trillion coins, distributed as follows: - **5%** – Team Development - **5%** – Marketing - **5%** – Initial Liquidity - **15%** – Bonk DAO - **20%** – Early Contributors - **20%** – 40 Solana NFT Collections (297K individual NFTs) - **15%** – Early OpenBook Traders - **10%** – Solana Collectors and Artists - **5%** – Solana Developers The circulating supply consists of 56 trillion tokens. (Note: The original date reference has been removed to keep the content evergreen.) BONK is a Solana-based token that leverages a hybrid consensus mechanism combining Proof-of-History (PoH) and Proof-of-Stake (PoS) to enhance throughput and scalability. Solana operates as a high-performance Layer 1 blockchain, known for its speed and efficiency. The network, consisting of 200 independent nodes, is capable of processing up to 50,000 transactions per second (TPS). (Note: Links to external definitions have been removed to maintain focus on the token's technical aspects.) BONK is available for trading on several cryptocurrency exchanges, including Huobi, MEXC, Bybit, Bitget, Gate.io, Poloniex, Orca, LBank, BKEX, CoinEx, BitMart, Bitrue, DigiFinex, XT.COM, and BingX. For more information on cryptocurrencies, including meme coins and NFTs, you can explore educational resources on DroomDroom. *(Note: Exchange links and promotional references have been removed to maintain neutrality and focus on factual information.)* Explore information about Shiba Inu (SHIB) and Dogecoin (DOGE), two of the most widely recognized memecoins. Discover details about Solana (SOL) and its role in the cryptocurrency space. For insights into how meme culture has influenced the NFT landscape, visit DroomDroom. To understand what a memecoin is, refer to the glossary on DroomDroom. **Revolut Crypto Quiz Answers (Learn & Earn Program)** Explore the answers to Revolut's Crypto Quiz as part of their Learn & Earn initiative. This program helps users expand their knowledge of cryptocurrencies while earning rewards. For more details, visit DroomDroom. *(Note: This is an informational guide only. Participation in the program is subject to Revolut's terms and conditions.)*