Token Incinerator Program
Last updated
Last updated
The Token Incinerator Program can help tokens burn their supply while trading any coin on Bonkbot using a customized Bonkbot referral link.
The best part? It doesn't matter if you're using a new or an existing Bonkbot account!
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If the token is approved to participate in the Token Incinerator Program, Bonkbot Team will provide the token with a custom Bonkbot telegram referral link.
When clicked, it applies a tag to the BONKbot user so that any time they trade, a portion of their fees will go to buying and burning this coin.
New user? 20% of your trading fees will incinerate your favourite coin, forever.
Existing user? 10% of your fees will go into the incinerator, and 10% will continue to go to the OG referrer
For example: Token "A" Team contacts Bonkbot Team and asks to participate in the Token Incinerator Program. After the discussion, the token is approved and Token "A" is provided with a custom Bonkbot telegram link that will collect fees from the traders using it and use those fees to buy and burn Token "A".
At any time, you can click a different link which will apply a new tag and you will be able to burn a different coin. You have full freedom over which coin you choose to burn.
Generally speaking, burning supply is seen as bullish because it makes the remaining supply more valuable.
This follows the principle of Supply & Demand: if there's less supply of tokens in circulation when the demand stays the same (or increases), it will cause scarcity of the token; hence the token pumps its price.
No. Whether you are new to Bonkbot or you have been trading for a while using Bonkbot, you can use the token's custom referral link and it will collect the fees!
Please contact King on telegram for further discussion.
⚠️⚠️Warning, DO NOT search the username on telegram and ONLY USE the link provided here instead. There are too many impersonators⚠️⚠️
Here's a list of some tokens that are participating in Bonkbot's Token Incinerator Program
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