BONK is proof of art & NFTs combined with a decentralized volume dependent staking protocol.
Bonk is a decentralized staking system that is reliant by DEX volume. There is a 1% fee on all transfers & a 9% withdraw fee that is sent to the users who are staking so there is no guaranteed return. BONK's vision for NFTs are to utilize them in a multifaceted way & you can create your own NFTs using BONK. This will come from professional artists being able to create commissioned pieces and the community being able to create their own designs & mint them into an NFT.
BONK is a new ERC20 token and 1% of every transfer is bonked into the staking pool.
Staking BONK is free and when you unstake, 9% is bonked into the staking pool.
Staking BONK earns BONK from the tokens that are bonked into the staking pool.
Price Change 24 Hrs
Awarded for staking BONK within the first 24 hours of the staking platform's release on July 22nd, 2020.
Limited release Ferrum partnership NFT.
BONK, and the BONK ecosystem as a whole, is much more than just a staking token. Through a carefully crafted decentralized system, we found that the ideal function of the staking system was to keep the entry cost low. With staking fees being free to you, the investor, and only having a 10 BONK threshold to become a stake holder, we felt this was the best way to be all-inclusive for those vested in BONK. The 9% mallet fee is beneficial to the entirety of the stake holders, as all stake holders receive 1% of all transactions, but they also receive the 9% of un-stake fees relative to the amount they have invested. Though BONK's initial approach to market is to have an incentivized program for the token holders, the true bones of the project is going to lie in its NFT (non-fungible token) development. BONK's vision for NFTs is to utilize them in a multifaceted way. This will come from professional artist being able to create commissioned pieces and the community being able to create their own designs that will be traded amongst its internal marketplace. BONK will then further expand into creating games based around the incorporation of a users NFTs. BONK's aim is simple, we want users to have the best experience possible when they utilize the BONK platform.
BONK allows users to create their own digital art while staking their bonk as well. There is no guarenteed return on staking BONK as the tokens that are sent are provided from transactions on any decentralized exchange.
The liquidity was locked, but this does not provide any insurance. This locking was a response to all the other projects that were rugging during the time. You should always research before investing in anything.
BONK is developing a staking protocol (in the works) that will reward staking with NFTs, depending on how much BONK you are staking will determine the rarity of the NFT. We’re still in discussion with the ETHVerse team on how we want to mitigate the NFTs within the ETHVerse beta, but this is something that we wish to accomplish with them. This would ultimately provide a dual function for our NFTs. They would give staking perks along with in game functionality. BONK will also implement actual NFT staking, where you can stake the 1155’s & earn rewards in BONK Tokens as well.
All in all, we want to experiment with the value of an image. A NFT is only as valuable as its context. What is the outcome of a NFT card that has been provided through a long period of staking & how would it’s value be represented in the ETHVerse platform? These are some of the questions that our team is trying to find an answer to.
Seal Ze, Lvl 99
Roy Blackstone, Lvl 4 of Hearts
Advisor, Investor, & Author
Keegan, Lvl 42
Community Advisor & Developer
Jay, Lvl 9000
Andrei Mironovits, Lvl 2
Web Design, @ArkRide on Telegram
Sir Johnny of Gonzo, Lvl 69
Motion Graphics & Design