Bonk

BONK has achieved widespread recognition and is now prominently listed on renowned centralized exchanges (CEX) such as Coinbase, Binance, and KuCoin. As part of the thriving Solana ecosystem, BONK has emerged as a popular alternative to Ethereum, capturing the attention of crypto enthusiasts. In 2023, BONK experienced remarkable price growth, surging by over 10,000%, highlighting its potential and attracting significant investor interest.

Bonk is a cryptocurrency token developed on the Solana blockchain. With a total maximum supply of 1 billion tokens, a significant portion has been purposefully burned. According to the latest report, more than 65% of the Bonk supply has been permanently eliminated from circulation. This deliberate reduction in token availability contributes to scarcity and may potentially impact the token's value in the market.

BONK, a meme coin, has a circulating supply of 60.8 trillion tokens out of a total supply of 93.7 trillion tokens. It stands as a distinctive community-driven asset within the Solana blockchain ecosystem. Branded as Solana's "first dog coin by the people for the people," BONK strives to strengthen and enhance the network's overall ecosystem. With its focus on community participation, BONK aims to foster engagement and collaboration among its users to contribute to the growth and development of Solana's vibrant community.

When comparing BONK and Shiba Inu, it is clear that there is no straightforward conclusion to the statement "BONK is the new Shiba Inu." While both cryptocurrencies have gained attention in the market, they evoke different types of enthusiasm among investors. BONK has established a unique connection with its fan base, capturing their personal interest and support. This distinct fanfare sets BONK apart and underscores the individuality and appeal it holds within the cryptocurrency market.

While BONK does have some elements of a meme coin, it offers more than just that. It combines the fun and community-driven aspects often associated with meme coins, but it also aims to provide utility and value within the Solana ecosystem. BONK's team strives to create a full-fledged community coin that can be utilized across various decentralized applications (dApps) on Solana. So, while BONK has meme coin characteristics, its vision extends beyond being solely a meme coin.

An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on.

There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers, but bear in mind that floating rates may drastically change any second.

Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network). Your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low, but it’s crucial to know they may be imposed in the first place.

If you want to exchange cryptocurrency with the lowest fees, beware of offers with a gray-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label.

Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity of chosen instant exchange platforms.

The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload. Technical issues or system failures, lack of liquidity or network maintenance.

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To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need.

There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi-currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.

If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions. Check out supported currencies and networks and see its security policy.

There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose.

To navigate them through the field of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.

Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange.