How a Mint and Burn Bridge Functions:All Bridged $SBONK token Contracts start off as 0 Supply, however if a user bridges 100 $SBONK tokens to for example the Ethereum Network from the Main point of control network (Solana), then 100 $SBONK tokens will be locked up in a smart contract on Solana, then minted on the Ethereum Network to the users chosen EVM Wallet address.If the user would ever want to return the 100 tokens they bridged to Ethereum, the Smart contract would then Burn the tokens on the Ethereum Network, and unlock the tokens on the Solana Network for the user to Claim.This method Guarantees that the Circulating/Max Supply will never change, and will always be relative to the Point of Control blockchain Smart contracts Supply which we may note is a fixed Total Supply of 420,000 $SBONK and cannot increase. We are utilizing whats called a Mint and Burn bridge which will mint and Burn tokens on the respective chains based on peoples Bridging actions. No, the Supply won’t increase, the supply will remain exactly the same across all Chains. The Price will launch at the Same Price Solana is at on all other added Chains- Each Chain will be Market made to balance the Price between Chains via Arbitrage trading.- If the Price goes up 10% on Ethereum Chain > Market Makers will buy $SBOONK tokens on other chains at a discount and Bridge tokens to Eth and thus, balance the Price. Having the $SBONK token deployed on EVM compatable blockchains also allows for the team and core community contributors to scale the $SBONK token via implementing it into Multiple deployed EVM ecosystems. Limiting the $SBONK token to the Solana Blockchain limits the Shibonk Community and token to a small amount of Volume/TVL & Active Wallet addresses. We believe moving forward, that the deployment of Shibonk onto Multiple blockchains is the best way to fast track adoption & growth for the Shibonk community to reach its full potential. Introduction:The Shibonk bridge allows for users across Multiple blockchains to purchase the $SBONK token in a decentralized manner, and also hold their Shibonk tokens on whichever blockchain they like. Pancakeswap (BSC Network)- Uniswap (Ethereum Network)- Quickswap (Polygon Network) ![]() Shibonk will also have Liquidity added to 3 new Decentralized Exchanges across the 3 different Networks: ![]() ![]() On the 07/02 9PM UTC, Shibonk Coin will deploy its official Bridge to 3 different Blockchains Including BNB, ETH & Polygon Chain.
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