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Aliases: BNKY

Object «Bonkey dAPP» was created due to

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Object «Bonkey dAPP» has attributes

Attribute Value
Ticker BNKY
Website https://www.bonkey.org
Consensus Add
Algorithm Add
Price 0.00882 USD
Trading Volume 0 USD
Market Dominance 0 %
Market Capitalization 0 USD
Total Supply 0
Max Supply 100,000,000

The advent of deFi projects such as stable currency pegging (USDT DAI) decentralized lending (Compound AAVE) and decentralized exchange (Uniswap Sushiswap) broadly advanced the Ethereum smart contract ecosystem. However users of smart contracts nowadays can only play with these deFi tools and conduct the real activities off-chain which will result in multiple ) Disconnection from the real-world activity: The off-chain activity and the on-chain deFi are decoupled and there is no way to ensure trust between them; For example if a company failed to use a token to pay salary workers still need to seek to the centralized authority for protection.2) Lack of fundamental support: deFi investors can only swap tokens on-chain and there is no way for value investors to track and analyze the projects which makes the swapping activities more like a speculative gambling game instead of a serious investment. Those people will quickly create a Ponzi game bubble and hurt the market in the long term. 3) Depreciation risk: Once an investor invests one coin in exchange for another coin if the project is not going well the coin in the investor's hand might have the risk of depreciation not to say the scammer project has the incentive to depreciate their tokens to gain instant profit.4) Centralized control: Although any tokens can be listed in the Uniswap exchange the showcase of the token in the dropdown list is solely under the control of list creators and people usually not have the willingness to do their research search for a specific token and buy whatever they see in the list.Therefore we proposed Bonkey (bit monkey) to help bridge the real-word working and investing activities by deploying a single smart contract. Thus people can collaborate under the protection of the smart contract. We compare our contract more closely with a kickstart place for tokens with limited liquidity it’s not a competitor with Uniswap but more like a complimentary service to provide more information to the uniswap ecosystem.

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There was one edit, no edits waiting approval. Last edited by esma48(9159), May 1, 2021 (14 fields were changed)
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