• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

BonkDAO Burns 100 Billion BONK, Plans 1 Trillion Burn by Christmas

user avatar

by Giorgi Kostiuk

a year ago

BonkDAO announces a major burn event of BONK tokens, known as BURNmas.

Burning of 100 Billion BONK

BonkDAO recently announced the burning of 100 billion BONK tokens. This event aims to reduce the overall circulating supply of tokens to increase their value by creating scarcity. According to BonkDAO, this massive burn demonstrates a commitment to the long-term BONK community and the sustainability of the token's ecosystem.

Plans to Burn 1 Trillion BONK

The burn of 1 trillion BONK by Christmas will be one of the largest token burns in the crypto space. It aims to take a significant amount of BONK out of circulation, reducing inflationary pressure and increasing investor confidence in the token.

Significance of BURNmas Initiative

The BURNmas initiative is a significant step in setting BONK apart in the competitive market. A successful burn will solidify BONK's status and demonstrate that BonkDAO is committed to taking concrete actions to enhance the token's value proposition.

In conclusion, BonkDAO is taking substantial steps to reduce inflation and improve token value through the BURNmas program, showcasing its commitment to ecosystem development.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cango's Strategic Shift to AI Computing

chest

Cango is making a strategic pivot into AI computing while continuing its Bitcoin mining operations.

user avatarMaya Lundqvist

Micron MU Stock Declines Amid Samsung Competition

chest

Micron MU stock has declined due to increased competition from Samsung, which is starting large-scale HBM4 chip production this month.

user avatarLeo van der Veen

Solana Experiences Significant Outflows Amid Market Uncertainty

chest

Solana experiences significant outflows amid market uncertainty, with over 1 million SOL leaving centralized exchanges in a 72-hour period.

user avatarLi Weicheng

Solana Faces Critical Support and Resistance Levels

chest

Analysts highlight Solana's struggle between fragile support and overhead resistance, with critical levels identified. Currently, Solana is consolidating around the $83-$87 area, which is viewed as critical short-term support.

user avatarAisha Farooq

Robinhood Reports Fourth Quarter Revenue of $128 Billion

chest

Robinhood reported fourth quarter revenue of $128 billion, a 27% year-over-year increase, but net income fell 33% to $605 million, leading to a 6.5% drop in stock price.

user avatarTenzin Dorje

Robinhood Expands Prediction Markets Amid NFL Season

chest

Robinhood has expanded its prediction market offerings to allow customers to make parlay-like bets, capitalizing on the surge in gambling during the NFL postseason.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.