What is Bonk (BONK)? How Does It Work?

BtcTurk | Global
2 min readApr 5, 2024

Bonk (BONK) is a meme coin that operates on the Solana blockchain. BONK, the most popular meme coin on the Solana blockchain, was launched in December 2022. In this article, you can find answers to questions like what is Bonk (BONK), how does Bonk (BONK) work, how do you buy Bonk (BONK), and how do you trade with BONK/TRY and BONK/USDT trading pairs.

What is Bonk (BONK)? How Does it Work?

Bonk (BONK) is a meme coin created to increase liquidity on the Solana blockchain and share the value within the Solana community. Similar to dog-themed meme coins like Dogecoin and Shiba Inu, Bonk is a meme-derived coin with a dog-themed design. Bonk (BONK) is the first dog-themed meme coin on the Solana blockchain.

Bonk (BONK) has emphasized its belonging within the Solana community with the slogan “for the people, by the people”. Through its integration with various web3 applications and blockchains, especially decentralized finance (Defi) applications, Bonk distinguishes itself from other conventional meme coins. Bonk’s roadmap is focused on increasing potential integrations.

Bonk (BONK) is developed by DexLab, but also takes in contributions from individual anonymous developers.

Bonk (BONK) is a Solana Program Library-based token, operating on the Solana network. Bonk operates using Proof-of-History and Proof-of-Stake consensus mechanisms.

The total supply of BONK is limited to 100,000,000,000,000 units.

When BONK launched in December 2022, it distributed 50% of its total supply to the Solana community for free.

You can access the Bonk (BONK) website via the link https://bonkcoin.com/.

You can access technical documentation on BONK (its whitepaper) by clicking here.

How is Bonk (BONK) Stored?

BONK is a token based on SPL. You can manage your BONK balances with browsers, desktop, mobile, and hardware wallets that support the Solana blockchain.

How do you Buy and Sell BONK (BONK)?

You can buy and sell Bonk (BONK) with Turkish Lira and Tether on the BtcTurk | Kripto website or the BtcTurk | Kripto mobile application. If you are not a member of BtcTurk | Kripto, you can sign up immediately on our website or mobile application and buy BONK (BONK). You can deposit Turkish Lira 24/7 using one of our seven affiliated banks.

We remind our users to conduct necessary research and examination within the scope of risk management principles and to trade according to their own risk-return levels.

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