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Bonk DAO Receives Proposal To Burn 84 Billion BONK Tokens

BONK
$0.00002619
+10.27%

According to Odaily, Bonk DAO has announced that it has received a proposal from the treasury to burn approximately 84 billion BONK tokens.

This figure represents the amount of BONK sent to the DAO by BONKBot in Q2.

All BONK tokens currently locked in BonkRewards are now eligible to vote on this community proposal.


The proposal, if passed, would significantly reduce the number of BONK tokens in circulation.

This could potentially impact the value of the remaining tokens. However, the final decision lies in the hands of the community, as the voting process is open to all holders of locked BONK tokens.

The proposal is a significant development for Bonk DAO and its community. It highlights the democratic nature of DAOs, where token holders have a say in major decisions.

The outcome of the vote could set a precedent for future proposals and decisions within the Bonk DAO community

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