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BONK Token (BONK) is a proof of art and NFTs combined with a decentralized volume-dependent staking protocol. As a decentralized ERC20 token on the Ethereum network, BONK is a utility token for creating NFTs. Every transfer of BONK incurs a 1% fee, while a 9% withdrawal fee is distributed to users who participate in staking. While there is no guaranteed return, stakers benefit from increased transaction activity on the network. BONK aims to leverage NFTs in various ways, where professional artists can create commissioned pieces, and the community has the freedom to design and mint their NFTs.
BONK’s staking mechanism involves 1% of every transfer deposited into the pool. Staking BONK is free; when unstaking, 9% is deposited back into the staking pool. By staking BONK, users earn BONK tokens from the transactions accumulated in the staking pool. This decentralized approach enables users to actively participate in the ecosystem and contribute to the growth of BONK.
With BONK Token, individuals can create their NFTs, focusing on community engagement and artistic expression. By encouraging collaboration between professional artists and the community, BONK aims to unlock the full potential of NFTs as a multifaceted medium. Through BONK, individuals can unleash their creativity and connect with a dynamic community of like-minded enthusiasts.
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