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

BURNmas: BONKDAO's Ambitious Plan to Burn 1 Trillion Tokens

user avatar

by Giorgi Kostiuk

a year ago


The BURNmas campaign, starting on November 15, aims to burn 1 trillion BONK tokens by December 25. Organized by BonkDAO, this initiative invites the community to participate in a variety of token burning activities.

BURNmas Campaign Launch

The campaign began on November 15 at 12:01 am UTC and will continue until December 24. The final burn is scheduled for December 25, when all accumulated BONK will be incinerated, greatly reducing their overall supply.

How BURNmas Works

Participating in BURNmas involves five activities:

1. Using the #LetsBONK hashtag on social media. Each mention burns 1,000 BONK tokens. 2. Attracting new followers on Instagram, TikTok, and YouTube. Each new follower results in the burning of 10,000 BONK tokens per platform. 3. Viewing *Team BaoBao* animations. Each view burns 10,000 tokens. 4. Betting on BONKbets. Each bet on [Lucky Dragon Tail's BONKbets](https://t.co/72y7UGBr03) results in 50,000 tokens being burned. 5. Sending BONKmark cards via [BONKmark.com](http://BONKmark.com). Each card sent burns 50,000 BONK tokens.

Why Burn Tokens

Token burns reduce the overall supply, potentially increasing the value of the remaining tokens. BONKDAO has previously burned 100 billion BONK, and this ambitious plan to destroy 1 trillion tokens could enhance their value for holders.

The BURNmas campaign showcases the strength and enthusiasm of the BONK community. It's more than a BonkDAO initiative; it's a collective effort to secure the future of the BONK token.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Brooklyn Man Charged with Stealing $16 Million in Cryptocurrency

chest

Ronald Spektor, a 23-year-old from Brooklyn, was charged with stealing $16 million in cryptocurrency from around 100 Coinbase users through a phishing scheme.

user avatarMaya Lundqvist

City Holder Introduces Daily Combo for Players

chest

City Holder introduces a Daily Combo feature that rewards players for upgrading buildings.

user avatarMohamed Farouk

Exit Strategies: Key to Disciplined Options Trading

chest

Options traders are increasingly recognizing the importance of setting predefined exit strategies to enhance discipline and risk management.

user avatarKenji Takahashi

Defined-Risk Strategies: A Path to Consistent Income

chest

Sophisticated traders are increasingly adopting defined-risk strategies, including credit spreads, debit spreads, and iron condors, to cap potential losses and enhance income generation.

user avatarDiego Alvarez

Sam Bankman-Fried Sentenced to 25 Years; Caroline Ellison Set for Early Release

chest

Sam Bankman-Fried has been sentenced to 25 years in prison for his role in the FTX collapse, while Caroline Ellison is set for early release on February 20.

user avatarAisha Farooq

South Korea's NTS to Launch Generative AI for Tax Consultations

chest

South Korea's National Tax Service (NTS) plans to implement generative AI for customized tax consultations to improve quality and accessibility for taxpayers.

user avatarLeo van der Veen

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.