This is a self-assessment, meaning, it is information that the issuer has written themselves. The XRP Ledger Foundation does not recommend or endorse any individual token. Read more.
Basic information
Project name: BONK Coin
Currency: BONK (424F4E4B00000000000000000000000000000000)
Issuing account: rBoNKx9EPvAEMAkbNusCBQR6d88oj7AcpQ
Distribution accounts: rBoNKrXxzcQ1xQEqmkUQBxh6dnGCMRARJJ
This is revision number 1, signed December 15, 2023 by rBoNKx9EPvAEMAkbNusCBQR6d88oj7AcpQ
Description: BONK is a functional multi-utility token which will be used as the medium of exchange between supporters of the Bonk ecosystem in a decentralized manner. The goal of introducing BONK is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the Bonk ecosystem without any intermediaries such as centralized third party entity/institution/credit.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
BONK provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on the Bonk ecosystem, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts.
Purpose: What is the reason for issuing a new token, rather than using an existing? What purpose does this token serve, that is not possible with the native XRP token or other already existing tokens?
The native cryptographically-secure fungible protocol token of the Bonk ecosystem (ticker symbol BONK) is a transferable representation of attributed utility functions specified in the protocol/code of the Bonk ecosystem, and which is designed to be used solely as an interoperable utility token thereon.
Whitepaper/sales material: https://assets-global.website-files.com/63d9862f53dc8e65d16eb0e0/63de6fb910d0b94a933c4a2f_BONK-PAPER-040223.pdf
The whitepaper includes concepts of how and when are the tokens created, total supply and if applicable the distribution models and total amount of allocation.
Risk reminder: The issuer has disclosed a warning or a reminder of the risks associated with crypto/tokens.
Bug bounty program: This is not applicable for this token.
Sovereign Entity
The self-assessment is made by a soverign entity (i.e. not a legal entity, such as a general partnership, limited partnership, private limited company, public limited company, corporation, commercial association or other).
Website: https://bonkcoin.com
Website information: The website should disclose the following information:- Contact information: e-mail and other contact information
- Core team members
- Whitepaper if available
The website contains relevant information.
Legal requirements: Legal requirements may vary per country and project. It is the responsibility of the legal entity to ensure legal compliance.
The issuer has assessed whether and what legal requirements apply to the project (licenses, jurisdictions, anti-money laundering regulations etc).
Self-assessment revisions
| Revision | Date |
|---|---|
| Revision 1 | December 15, 2023 |