BONK is up 30% while FLOCK surpasses US$2.2 million
Solana's memecoin BONK registered a 30% increase in the last 24 hours. At the same time, BonkDAO disclosed the burning of 1 trillion tokens through a community-organized campaign.
There has been a 116% increase in the price of Bonk in the last seven days. The token currently has a market capitalization of $3.49 billion, surpassing popular memecoins like dogwifhat.
But amid this rise in the memecoin sector, the new Flockerz project is quickly selling its stock of FLOCK tokens available for pre-sale. Now, the project has surpassed the US$2.2 million mark in fundraising.
BONK aims to burn 1 trillion tokens
“BURNmas” is an event that was recently revealed by BonkDAO. It promises to be the biggest token burn in the history of the cryptocurrency market. The team mentioned this event as the largest burning promoted by the Solana community.
The campaign will run between November 15th, at 00:01 UTC, and December 24th, with the accumulated tokens scheduled to be burned at Christmas. The action established several criteria based on involvement for burning tokens.
The token burning project envisioned by BonkDAO encompasses multiple platforms and activities in the BONK ecosystem, including gaming, social media, and trading activities.
Presence on social media will result in burning 1,000 BONK for each post with the hashtag #LetsBONK on the X. Simultaneously, acquiring new followers on Instagram, TikTok and YouTube will lead to burning 10,000 BONK on each platform. The campaign encompasses several ecosystem actions.
BONK has established itself as a top memecoin on the Solana blockchain, with a market capitalization of $3.49 billion, just behind dogwifhat's $3.75 billion valuation.
The event called BURNmas will potentially reduce the total supply of BONK tokens and reduce inflationary pressure. If this massive token burn is successful, BONK could consolidate itself in the competitive memecoin market.
Flockerz could be one of the most promising memecoins of the moment
Flockerz (FLOCK) is a recent initiative on the market and the first memecoin with a vote-to-earn feature. The developers created the project with a focus on a community based on democratic participation.
This is still unprecedented on the market. The project's voting system is a technology that transfers decision-making authority to the community, which further increases the power of the token.
In the Flockerz ecosystem, investors will be part of the community through Flocktopia. This is a decentralized autonomous organization (DAO) where users will have the ability to actively promote the project through their votes.
Flockerz is breaking new ground in decentralization, as it is the first memecoin project where investors can decide the direction of the project while receiving rewards.
Therefore, Flockerz stands out among so many other memecoin projects that centralize decisions in the hands of a few people.
Sistema vote-to-earn do Flockerz
Flockerz technology enables each FLOCK token holder to participate in important platform decisions and receive rewards for doing so.
This means that community members can earn passive income by getting involved in voting. For this reason, Flockerz is transforming the market, as it turns community participation into a crucial component for the expansion of the project. FLOCK tokens are currently available for advance purchase on the project's official platform. Various tokens can be used as a payment method, such as ETH, BNB, USDT and credit card.
At each pre-sale stage, the value of FLOCK tokens will increase. Therefore, the most significant discounts tend to occur in the initial stages of project development.
Currently, FLOCK is selling for just US$0.006053 and the project has already obtained over US$2.2 million in funding.
Pre-sale investors have the opportunity to secure the token at the highest discounts and earn the highest profits after launch. The next FLOCK price increase will occur in less than 2 days.
Disclaimer: This article is for informational purposes only, and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.