Stonks (STNK): The First meme coin on Solana
What is Stonks (STNK)?
Stonks (STNK) is a meme coin on Solana created as a tribute to the iconic Stonks meme. For those unfamiliar, the Stonks meme, also known as Stonks Guy or Meme Man, features a 3D-rendered figure in a suit with a blank expression, often paired with the word “stonks” to humorously depict questionable financial decisions. Originating in 2017, this meme has become a beloved symbol of internet humor about investing and trading.
STNK is more than just a meme, though. It holds a special place in blockchain history as the first meme coin launched on Solana, a high-performance blockchain known for its speed and low transaction costs. The STNK contract was deployed on April 2, 2021, marking the beginning of its journey. Although it initially went unnoticed, the community has since rallied around it to bring the project back into the spotlight.
Who Created Stonks (STNK)?
The origins of Stonks meme coin remain shrouded in mystery.
What VCs Back Stonks (STNK)?
STNK does not have any venture capital backing.
How Stonks (STNK) Works
Stonks meme coin operates on the Solana blockchain. As the first meme coin on Solana, STNK holds historical significance in the crypto space. Its early deployment on the blockchain is a testament to its pioneering status. By tokenizing the Stonks meme, STNK taps into a well-loved piece of internet culture, making it more than just a financial asset. It’s a cultural phenomenon.
Here’s a breakdown of its key features and mechanics:
1. Limited Supply
One of the defining characteristics of STNK is its finite supply. There will only ever be 581,918.10 STNK tokens in existence. This scarcity is designed to create value over time, much like Bitcoin’s capped supply of 21 million coins.
2. Locked Liquidity
The largest liquidity pool for STNK has been fully and permanently locked. This means that the tokens set aside for trading cannot be tampered with or withdrawn, providing stability and reducing the risk of scams or rug pulls.
3. Contract Renounced
The mint and freeze authority for the STNK contract has been renounced. In simple terms, this means that the original creators no longer have control over the token’s contract. The community now governs STNK, making it a truly decentralized project.
4. Verified and Secure
STNK has been fully verified on platforms like RugCheck.xyz, a tool designed to help investors identify trustworthy projects. This verification adds an extra layer of confidence for anyone considering joining the STNK community.
5. Intellectual Property Rights
One of the most exciting aspects of STNK is its ownership of the intellectual property rights to the original Stonks meme. The rights were acquired from DankBankHQ and the original artist, Henry Hooper. This gives STNK a unique edge, as it is the only project with the legal right to use and tokenize the Stonks meme.
STNK Goes Live on Bitget
In a crowded market of cryptocurrencies, STNK stands out for its historical significance, community-driven ethos, and cultural relevance. It’s a reminder that crypto isn’t just about technology or finance; it’s also about fun, creativity, and community.
Become a part of the historical STNK by trading STNK on Bitget now!
As the Stonks Guy would say, “Stonks only go up!”
STNK on Bitget PoolX
STNK will be a part of Bitget PoolX, a platform for users to earn new tokens for free on an hourly basis.
From 13 December 2024, 10:00 – 18 December 2024, 10:00 (UTC), you can lock ETH to grab a share of 390 STNK.
Lock ETH to Get STNK now!
How to Trade STNK on Bitget
Listing time: December 13, 2024
Step 1: Go to STNKUSDT spot trading page
Step 2: Enter the amount and the type of order, then click Buy/Sell
Trade STNK on Bitget now!
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
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