Specifically: 35% of revenue is used to buy back and burn BONK, implementing a deflationary mechanism 30% is used to purchase and stake BONKsol to secure and provide liquidity for the network 19.2% is directed to an ecosystem development fund 7.6% goes into strategic reserves 7.6% is allocated for technical development and operations (split equally among hiring, growth & development, and integrations) 12% is dedicated to user incentives and marketing, broken down into 4% BonkRewards, 4% marketing, and 4% community-governance support (SBR) Between April 29 and May 15, daily revenue surged from roughly 2,000 SOL to 24,000 SOL—a more than 12× increase—while token issuance spiked to nearly 50,000 tokens on May 15 (a 233% rise over average).
The token’s market cap once surged to $70 million and now steadies in the $45.5 million range.2. LetsBonk.fun Introduction to LetsBonk.fun LetsBonk.fun is a meme token issuance platform co-launched by BONK—the leading meme project in the Solana community—and Raydium.
Token issuance is as simple as clicking "Create Token” within the app, though a minimum 2 SOL of liquidity must be provided before the token can be listed for trading on Raydium.LetsBonk.fun Revenue Model Every trade on the platform incurs a 1% fee, which is allocated to the development fund, BONKsol validators, and BONK buy-and-burn.
The story "BitMart Research: Rising Stars in MEME Token Platforms: An In-Depth Look at the Mechanisms and Outlook of Believe and LetsBonk.fun" has 1104 words across 50 sentences, which will take approximately 5 - 10 minutes for the average person to read.
Which news outlet covered this story?
The story "BitMart Research: Rising Stars in MEME Token Platforms: An In-Depth Look at the Mechanisms and Outlook of Believe and LetsBonk.fun" was covered 17 hours ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 92 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.