🧵A thread about $Bern 🪙 1. Introducing @BonkEarn, the new 2022 token standard on #Solana, founded by a member of the $Bonk community. Launched in early June, $Bern quickly reached an ATH with a mc of around 15m then falling free to 1m mc.
2. Tokennomic:
69% of the total supply was airdropped for FREE.
20% will be reserved for eco partners
11% of will be placed into a new LP for market participants to acquire
Each wallet receive 10.000 $Bern and can sell for 100$ at the ath.
3. $Bern brings some exciting features that SPL tokens have never seen before. With each transaction, a 6.9% fee is incurred, distributing as follows:
5%: Bernzy Bonus Fee, rewarding $BERN holders
1.5%: Used to Buy/Burn $BONK
0.3%: Dev fund for fees/LP
0.1%: Goes to $BONK DAO
4. If you've experienced the DeFi summer in #ETH and #BNB or other chains, this may not be entirely new to you. But on Solana, it has the potential to ignite a DeFi summer of its own.
5. It lacked platform support like Phantom, Solflare, Jupiter, and more. You just can buy it on @FluxBeamDEX - a strangle new dex, and cannot be visible on your wallet. So hard for most people to buy
@FluxBeamDEX 6. Initially, $Bern faced challenges due to the bearish market conditions and several issues with reward distribution. There are many problems and FUDs -> fail launch.
@FluxBeamDEX 7. But, the $Bern team remains dedicated. They successfully automated the distribution for holders and $Bonk burning. Ongoing process, Backpack has achieved it, Jupiter now showcases $Bern and $Moon on main page (no longer in beta), and Phantom and others are making progress too.
@FluxBeamDEX 8. Notably, Bonk inu has recently shown increased activity. The team actively participates in Solana Events, leaving many hints about what they are cooking up. If $bonk makes a strong comeback and regains its momentum, we could see $Bern follow suit and rise to new heights.