• 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

Market Dynamics Indicate Supply Shock for XRP

chest

Current market analysis reveals that only 17 billion XRP remains on exchanges, the lowest supply in seven years. This decline in liquid supply, combined with growing demand, suggests a potential supply shock for XRP.

user avatarLi Weicheng

Axiology Secures TSS License Under EU DLT Pilot Regime

chest

Axiology has secured a Trading and Settlement System license under the EU DLT pilot regime, enhancing its credibility in digital asset trading.

user avatarTenzin Dorje

XRP Ledger Positioned as Key Player in Institutional Capital Movement

chest

The XRP Ledger is emerging as a foundational layer for institutional capital, focusing on efficiency and scalability.

user avatarAisha Farooq

DeFi Sees Significant Recovery with $95 Billion Locked

chest

DeFi has reclaimed $95 billion in total value locked, indicating a significant recovery driven by real demand and a shift towards viewing DeFi as financial infrastructure.

user avatarElias Mukuru

Bank of Korea Calls for Enhanced Safety Measures in Cryptocurrency Sector

chest

The Bank of Korea has called for enhanced safety measures in the cryptocurrency industry following a significant operational failure at Bithumb.

user avatarBayarjavkhlan Ganbaatar

Stablecoin Dominance Stabilizes After Strong Growth

chest

Stablecoin dominance has stabilized around 13%, indicating a cautious market environment after a strong upward move.

user avatarMohamed Farouk

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.