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BONK/TRY: Convert Bonk (BONK) to Turkish Lira (TRY)
BONK is the self-described “dog coin of the people”. BONK was initially airdropped to select Solana wallet addresses in December 2022, and has rapidly grown in popularity. BONK is currently the most held dog-themed cryptocurrency on the Solana blockchain.
Bonk (BONK) is a dog-themed cryptocurrency that operates on the Solanablockchain. It was introduced as a community coin, with 50% of its total supply airdropped to the Solana community. BONK shares similarities with other memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE). The primary objective of BONK is to restore liquidity to Solana-based decentralized exchanges (DEXs). It aims to be utilized across all decentralized applications (dApps) built on Solana, providing every user with an opportunity to become part of the ecosystem. BONK was randomly airdropped to Solana NFT collectors, developers, and artists.
BONK operates on the Solana blockchain, which uses a unique combination of Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus mechanisms to enhance throughput and scalability. Solana is a Layer 1 blockchain known for its high performance and speed, capable of processing up to 50,000 transactions per second (TPS) across a network of 200 distinct nodes. BONK's distribution strategy involved airdropping 50% of the total supply to Solana users, including artists, creators, and active community members. The total supply of BONK is nearly 100 trillion coins, with various percentages allocated to team development, marketing, initial liquidity, the Bonk DAO, early contributors, Solana NFT collections, early OpenBook traders, Solana collectors and artists, and Solana developers.
BONK seeks to be a community coin used across all dApps built on Solana. It aims to bring back liquidity to Solana-based DEXs, which could potentially increase the efficiency and effectiveness of these platforms. BONK also strives to be a part of the broader Solana ecosystem, providing opportunities for users to become part of the community. With over 350 on-chain integrations built by the community across various verticals, BONK has the potential to be a versatile and widely used cryptocurrency within the Solana ecosystem.
BONK was launched on December 25, 2022, and trading began on December 30, 2022. The launch of BONK led to a 34% increase in the price of the SOL token within 48 hours. The team behind BONK remains anonymous, and as of January 2023, there is no comprehensive whitepaper available for investors on the official website. Instead, visitors can find a one-pager and a bonk-paper with information about token distribution, integration details, and links to the blockchain explorer - SolScan. Since its listing on various crypto exchanges on December 30, 2022, BONK has grown by over 2,000% in a week, making it one of the best-performing crypto assets based on return percentages for 2023. As of January 2023, there are 56,000,000,000,000 tokens in circulation.
How Bonk (BONK) and Turkish Lira (TRY) differ
Bonk (BONK) and Turkish Lira (TRY) are two distinct forms of currency, each with its unique characteristics. BONK is a dog-themed cryptocurrency that operates on the Solanablockchain, aiming to restore liquidity to Solana-based decentralized exchanges (DEXs) and be utilized across all decentralized applications (dApps) built on Solana. It operates on a unique combination of Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus mechanisms, enhancing throughput and scalability. On the other hand, the Turkish Lira is a traditional fiat currency issued and regulated by the Central Bank of the Republic of Turkey. Unlike BONK, which is decentralized and operates on a blockchain, the Turkish Lira is centralized and its value is influenced by economic factors such as inflation, interest rates, and government policy. Furthermore, while BONK was distributed through an airdrop to the Solana community, the Turkish Lira is distributed through the banking system. Lastly, BONK seeks to be a community coin used across all dApps built on Solana, while the Turkish Lira is used for all types of transactions within Turkey and can be physically held.
Bonk Markets
Bonk is climbing this week.
The current price of Bonk is TRY 0.000617 per BONK. With a circulating supply of 70,519,843,264,273.94 BONK, it means that Bonk has a total market cap of TRY 43,126,456,389.39. The amount of Bonk traded has risen by TRY 937,178,836.75 in the last 24 hours, which is a 17.22% increase. Additionally, in the last day, TRY 5,442,240,302.18 worth of BONK has been traded.