We’re pleased to announce a partnership with BONK, Solana’s community coin taking the market by storm. Bonk’s contributors were tired of harmful tokenomics favoring centralized parties, so they created $BONK to empower the Solana community and bring utility to the average user. Out of its entire token supply, the BONK team implemented one vesting schedule, and selected Streamflow to establish and oversee the vesting process, guaranteeing the efficient and transparent distribution of tokens.
Along with BONK’s community-centered ethos, 50% of the $BONK total supply was airdropped to the Solana community. The remaining $BONK tokens are subject to the following allocations:
- 20% distributed to 22 early contributors on a 3-year linear vesting schedule, using Streamflow, that began 12/31/2022
- 15% for the treasury for “BonkDAO”
- 5% for initial liquidity
- 5% for the marketing budget
- 5% for the “team” (These tokens were recently burned to decrease the total supply)
We’ve created a dashboard to track the $BONK distributions here.
BONK’s Impact on Solana
BONK token has seen its Daily Active Users rise steadily since its launch. Similarly, Solana has seen a recent spike in its daily active users over the past week.
Daily active users measure the user activity associated with a blockchain or cryptocurrency. Higher values represent rising interest and adoption in the overall market. Despite Solana’s recent woes, BONK has managed to reinvigorate the Solana community and stimulate the use of the Solana blockchain in the middle of a bear market.
Users interested in holding and earning yield with $BONK can swap for it on Jupiter, and provide liquidity on Orca.
Streamflow is a pioneering token operations platform empowering organizations to streamline fund distribution with unparalleled efficiency. Through Streamflow, teams gain the ability to automate vesting schedules, create airdrops, and integrate our Software Developer Kit (SDK) for tailor-made solutions.
Bonk is a community-centered memecoin. BONK contributors were tired of toxic “Alameda” tokenomics and wanted to make a fun memecoin where everyone gets a fair shot. The token had a “fair launch” distribution, with 50% of its supply being airdropped to various Solana communities and stakeholders.