Bonk Inu, the canine-themed digital token, has launched its native decentralized exchange (DEX), BonkSwap, on the Solana blockchain.
The DEX, which uses smart contracts, enables users to exchange Solana (SOL), Bonk Inu (BONK), and stablecoins, with 80% of the fees going to incentivize liquidity providers and those who stake BONK and BonkSwap LP positions in a locked state.
The approach is expected to increase the value of BONK for its holders. Bonk Inu plans to introduce additional features, such as a game powered by BONK and futures offerings on the BonkSwap exchange. The team is committed to integrating engaging BONK-powered games, as well as trading functionalities like options and perpetual futures, backed by HxroNetwork. They also plan to increase liquidity to make BONK trading more accessible than other tokens within the Solana network.
Bonk Inu gained attention earlier this year when it saw growth of up to 3,200% within a three-week period. The launch of BonkSwap signifies a significant milestone for the token, which plans to broaden its scope and collaborations in the Solana ecosystem.
The team includes 22 members with backgrounds in decentralized applications (DeFi), non-fungible tokens (NFT), and other Solana-based products, and they emphasize that BONK already stands apart from other dog-themed meme tokens in circulation. The debut of BonkSwap is expected to differentiate the Bonk Inu platform and its native DEX in the world of blockchain and digital currencies, providing innovative features and trading alternatives for users.
