LetsBonk launches a 1% income buyback for the BONK ecological top Token! It generated nearly 2 million USD in a single day, how far can this new “money tree” go?

The Solana ecosystem Meme coin launch platform LetsBonk has announced a revolutionary commitment: to permanently allocate 1% of the platform's total revenue for weekly buybacks of top Tokens within the BONK ecosystem. This initiative aims to build a value return closed loop, reinvesting platform earnings back into ecological Liquidity. Following this announcement, LetsBonk's daily fee income surged to $1.99 million, surpassing competitor Pumpfun to become a new "cash cow (" in the Meme coin sector. Its core income stems from gamified experiences (mini-games, lotteries, community activities), providing a new paradigm for exploring sustainable cash flow in the meme track. However, the market questions whether it can shake off the short-term speculation label of Meme coins and replicate the long-term ecological value of SHIB.

Repurchase Plan: Build a Value Circulation System for Solana Meme Coin

Core mechanism announced by LetsBonk founder Tom:

  • Permanent Commitment: 1% of the platform's total revenue will be specifically used for repurchasing BONK ecological Tokens.
  • Weekly Execution: Regular repurchase operations executed weekly
  • Liquidity Support: The repurchase target is the BONK ecosystem Token pairs that have "reached high activity levels".
  • Strategic Positioning: Build the platform as a Value Reinvestment Hub for the BONK ecosystem.

This model attempts to break through the limitations of Meme coin projects that rely solely on marketing, injecting liquidity support into the ecosystem through real buybacks, echoing the dual-track development experience of successful projects like SHIB and DOGE with "community + utility."

Data Verification: Gamified revenue reached $1.99 million in a single day, topping the meme launch platform

The confidence in the buyback plan comes from impressive financial performance:

  • Daily transaction fee income of $1.99 million: surpassing major competitor Pumpfun
  • Income not derived from traditional DeFi: Mainly generated from entertainment experiences such as mini-games, lucky draws, and community activities embedded within the platform.
  • Verify New Model: The "Community Entertainment + Token Incentive" model has real revenue-generating capabilities, paving the way for sustainable cash flow in the meme track.

Ecological Ambition: From Speculative Label to Symbol of Solana Innovation

LetsBonk's layout directly targets the core pain points of Meme coins:

  • Breaking the Death Spiral: Offset the natural selling pressure of meme coins through income buybacks, attempting to stabilize the coin price.
  • Stimulate Demand: The repurchase plan itself creates market buying expectations, indirectly driving demand.
  • Benchmarking Industry Leaders: Learn from SHIB's approach to building the ShibaSwap ecosystem, but adopt a more direct capital return mechanism.

Community opinion leader Unipcs commented: "BONK is a re-enactment of market frenzy, and its journey to a market value of 10 billion has just begun."

Challenges and Doubts: PR Stunt or Ecological Revolution?

Despite the grand vision, there are still doubts in the market:

  1. Transparency Test: Are the specific execution data of weekly buybacks, the criteria for token selection, and the flow of funds verifiable?
  2. Income Sustainability: Gamified income is highly dependent on user activity. Can it withstand market downturns?
  3. Economies of Scale: Currently, a daily revenue of 1.99 million USD corresponds to a weekly repurchase of only about 20,000 USD. Is this sufficient to support the ecosystem?
  4. Nature of Memecoins: If there are no real use cases developed beyond speculation, does buyback only delay rather than solve the risk of value going to zero?

Conclusion: LetsBonk's 1% revenue buyback program injects a long-lost innovation narrative into the meme coin track, and its gamification revenue generation ability confirms the market potential of entertainment crypto products. However, the project is walking on the edge of a knife - if it strictly implements transparent buyback and continuously optimizes the user experience, it may lead the BOONK ecosystem to break through the "pure meme" trap and become the value anchor of the Solana ecosystem. Conversely, if there is a decline in revenue or the implementation of the mechanism is vague, it is easy to be seen as a short-term marketing gimmick. Investors should focus on monitoring three indicators: 1) weekly repurchase on-chain data verification; 2) the relevance of the platform's daily active users to revenue; 3) The response of the BONK ecosystem TVL (Total Locked Value) to buybacks. The sustainable revolution of meme coins will eventually take time to prove itself.

BONK8.12%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)