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BURNmas Begins: BONKDAO Aims to Burn 1 Trillion Tokens

BURNmas Begins: BONKDAO Aims to Burn 1 Trillion Tokens

AltcoinbuzzAltcoinbuzz2024/11/18 14:00
By:By Victor -Ani -

The holiday season is coming early for BONK lovers! BonkDAO has announced BURNmas, a large-scale burning event to reduce the supply of its BONK tokens in circulation

The goal? Burn an eye-popping 1 trillion BONK tokens before Christmas.

This fiery event began on November 15 at 12:01 am UTC and will run until December 24 at 12:01 am UTC. The grand finale will take place on December 25th at 12:01 am UTC when all the BONK accumulated from various activities will go up in smoke, cutting down the token supply significantly.

How Does BURNmas Work?

BonkDAO is giving its community five fun ways to burn BONK tokens. Here’s how you can join the festivities:

  1. #LetsBONK on X (formerly Twitter):
    Every time someone posts with the hashtag #LetsBONK, 1,000 BONK tokens will be burned. Talk about a hot topic!
  2. Social Media Followers:
    For every new follower on Instagram, TikTok, and YouTube, 10,000 BONK tokens will be burned per platform. Growing the community while shrinking the supply? That’s a win-win!
  3. Team BaoBao Animation Views:
    Every view on Team BaoBao episodes will burn 10,000 BONK tokens. If you’re a fan of fun animations, now’s the time to binge-watch!
  4. BONKbets:
    Place a bet on Lucky Dragon Tail’s BONKbets , and 50,000 BONK tokens will be burned for every bet. That’s raising the stakes in more ways than one.
  5. BONKmark Transfers:
    Sending BONKmark cards through BONKmark.com will burn 50,000 BONK tokens for each card sent. Spread the cheer while helping the burn.

The BONK DAO BURNmas SUPER thread

The Mission: Burn 1 Trillion $BONK by Christmas

The campaign features BONK burns based on specific engagement criteria.

Here’s how YOU can help The Dog in what will be the largest on-chain community driven burn event in the history of Solana👇 pic.twitter.com/tcSY5W3vd9

— BONK!!! (@bonk_inu) November 15, 2024

Why Burn Tokens?

Token burns reduce the overall supply, making the remaining tokens potentially more valuable. BONKDAO has already burned 100 billion BONK , and this massive 1 trillion token burn could further strengthen the value of the token for its holders.

BURNmas isn’t just about BONKDAO—it’s about the community coming together to light the way for BONK’s future. As the saying goes, “It takes a village,” and this event proves the BONK community knows how to rally around a cause.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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