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BitMart Research: Rising Stars in MEME Token Platforms: An In-Depth Look at the Mechanisms and Outlook of Believe and LetsBonk.fun

GlobeNewswire LogoGlobeNewswire17h ago

BitMart Research: Rising Stars in MEME Token Platforms: An In-Depth Look at the Mechanisms and Outlook of Believe and LetsBonk.fun - GlobeNewswire

Quick Summary:

Specifically: 35% of revenue is used to buy back and burn BONK, implementing a deflationary mechanism 30% is used to purchase and stake BONKsol to secure and provide liquidity for the network 19.2% is directed to an ecosystem development fund 7.6% goes into strategic reserves 7.6% is allocated for technical development and operations (split equally among hiring, growth & development, and integrations) 12% is dedicated to user incentives and marketing, broken down into 4% BonkRewards, 4% marketing, and 4% community-governance support (SBR) Between April 29 and May 15, daily revenue surged from roughly 2,000 SOL to 24,000 SOL—a more than 12× increase—while token issuance spiked to nearly 50,000 tokens on May 15 (a 233% rise over average).

The token’s market cap once surged to $70 million and now steadies in the $45.5 million range.2. LetsBonk.fun Introduction to LetsBonk.fun LetsBonk.fun is a meme token issuance platform co-launched by BONK—the leading meme project in the Solana community—and Raydium.

Token issuance is as simple as clicking "Create Token” within the app, though a minimum 2 SOL of liquidity must be provided before the token can be listed for trading on Raydium.LetsBonk.fun Revenue Model Every trade on the platform incurs a 1% fee, which is allocated to the development fund, BONKsol validators, and BONK buy-and-burn.

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Article Details

Author / Journalist: BitMart Exchange

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-21 @ 12:27:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1104 words

Reading Time: 7 minutes read

Sentences: 50 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 28889640

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 91 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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