BONK Team Revamps Fee Structure to Enhance DAT Purchases
- 51% of fees from Bonk.fun will now fund BNKK’s DAT purchases, up from the previous allocation of only 10%.
- The new fee distribution reallocates funds from a prior buy-and-burn (35%), SBR (4%), and BONK Rewards (2%).
- BNKK recently acquired $32 million worth of BONK tokens to establish its DAT and plans to double its holdings soon.
- Bonk.fun generated nearly $30 million in revenue in July alone, indicating strong liquidity.
- Bitcoin Capital AG launched the first BONK ETP on Switzerland’s SIX Exchange, making it easier for investors to trade without needing crypto expertise.
The recent restructuring by the BONK team aims to enhance the accumulation of BONK tokens through a revised fee model that significantly increases funding for BNKK’s DAT purchases. This strategic shift follows substantial investments and reflects a commitment to long-term value creation.
With the new allocation of fees, BNKK can now utilize over half of Bonk.fun’s revenue towards acquiring more BONK tokens, reinforcing its market position significantly. (Source)
