BONK Risk

BONK (BONK)
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DESCRIPTION

BONK is a community-driven meme token on the Solana blockchain, designed as an alternative to other meme coins. Bonk was created with the intention of bringing fun and inclusivity to the Solana ecosystem, and its initial distribution included a significant portion of the supply being airdropped to Solana users and developers. The token is intended to be used within the community for tipping, rewards, and as a medium of exchange in various decentralised applications (dApps) that choose to integrate BONK. Its playful branding and community-centric approach have led to its rapid adoption within certain segments of the Solana ecosystem.

Bonk (BONK) Whitepaper: https://assets-global.website-files.com/63d9862f53dc8e65d16eb0e0/63de6fb910d0b94a933c4a2f_BONK-PAPER-040223.pdf

‍RISKS OF BONK
Investing in cryptocurrency and digital assets, such as Bonk (BONK), carries inherent risks, including but not limited to:
(i) Volatility risk and liquidity risk
(ii) Regulatory risk
(iii) Security risk
(iv) Market risk
(v) Smart contract risk
(vi) Governance risk
(vii) Technological riskFor additional information on risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc. Services Risk Statement. Please note that these risks and the associated summaries or overviews provided herein are not intended to be a complete overview of all such risks, and there may be other risks associated with exposure to BONK. We encourage all users to perform their own due diligence to assess the risks associated with BONK and to determine whether this level of risk is acceptable to them. Neither BONK nor Satstreet guarantees the value of BONK, and holders of BONK will not have any recourse to BONK or Satstreet if the value of BONK declines for any reason whatsoever.

‍SATSTREET EVALUATION OF BONK
Satstreet Inc. has reviewed and assessed BONK prior to making it available through our services and has concluded that BONK is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove BONK from its platform as described in the Satstreet Inc. Services Risk Statement.Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about BONK, including an opinion that BONK is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed BONK, including, but not limited to, a review of the following: The creation, governance, usage, and design of BONK, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created BONK. The supply, demand, maturity, utility, and liquidity of BONK. Material technical risks associated with BONK, including any code defects, security breaches and other threats concerning BONK and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them. Legal and regulatory risks associated with BONK, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of BONK, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to BONK about whether BONK, or generally about whether the type of crypto asset, is a security and/or derivative.
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Last Updated: August 2024

Risk Statements

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