Tutorial
Apr 8, 2022
Get started on Solana
The first step to using BONKbot is getting started on Solana.
• Download a Solana wallet: - https://phantom.app - https://backpack.app/downloads - https://solflare.com
• Download either coinbase.com, kraken.com or https://www.binance.com/en/download
• Transfer money in your local currency and convert it: -> Swap to USDC (it's a stablecoin dollar, backed by a real dollar) -> Send the USDC to your Solana wallet address (make sure you transfer on the Solana chain not ETH)
• If you have USDC on another chain, bridge with @JupiterExchange : https://jup.ag/bridge-compare
• Swap your USDC for Solana (SOL) : https://jup.ag/swap/USDC-SOL
• Install BONKbot: https://docs.bonkbot.io/quick-setup-guide/initializing-bonkbot
• Send your SOL from your Solana wallet to your BONKbot wallet address.
• Have fun looking at memecoins on https://birdeye.so or https://dexscreener.com/solana and when you find an interesting one, copy the contract address of the token and paste it in BONKbot to buy it! You're all set now!
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!
Click Here To Start Trading With the FASTEST Solana Trading Bot Now!
Tokens are on fire, yo!
How Does It Work?
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.
Why Should I Burn My Token Supply?
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.
Do I Need To Use a New Bonkbot Account On Each Token So It Collects My Fees?
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!
How Can I Apply to the Token Incinerator Program?
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