EXCLUSIVE: bonk_inu team members seem to have succeeded in bringing the conversation back to Solana after sentiment took a nosedive following Sam Bankman-Fried’s shenanigans. Here’s how it came into being. By shauryamalwa
In the past few weeks, a Shiba Inu-themed token took center stage in the Solana ecosystem as sentiment around the blockchain network took a hit in the aftermath of the Sam Bankman-Fried and FTX debacle.
Bonk Inu is a team of twenty-two individuals, with no singular leader, all of whom were involved in the inception of the project, CoinDesk learned from one of the several developers. All of them have previously built decentralized applications , non-fungible tokens and other related products on Solana.
The Bonk airdrop – amounting to 50% of its token supply – likely drove massive community interest and instant hype. Some 20% of the total airdrop supply is going to Solana NFT collections – comprising 297,000 individual NFTs – and 10% to Solana-focused artists and collectors. Airdrops refer to an unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses and are generally used as a tactic to gain users.
Distraught, disgusted, and jaded. That was the prevailing sentiment on Crypto Twitter when reports of possible fraud at SBF’s then-behemoth crypto exchange FTX first broke out in November last year.
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