Bonk (BONKC)

Introduction
BONK (ticker BONKC) is a community-driven, proof-of-work cryptocurrency that utilizes the Scrypt hashing algorithm. The coin is designed to offer fast and secure transactions, fair distribution through mining, and a fun approach to digital assets.

Key Specifications
- Algorithm: Scrypt
- Block Time: ~1 minute
- Block Reward: 500,000 BONKC
- Halving Interval: Every 100,000 blocks
- Total Supply: 69.42 billion BONKC

Mining & Rewards
The total supply of BONKC is capped at 69.42 billion coins, distributed through a block reward and halving system designed to incentivize miners early while ensuring long-term scarcity. Each mined block initially rewards 500,000 BONKC, and after every 100,000 blocks, the block reward is halved. In the first cycle (100,000 blocks), miners receive a total of 50,000,000,000 BONKC, which accounts for a significant portion of the total supply, incentivizing early miners. In the second cycle, the reward is halved to 250,000 BONKC per block, distributing up to 25,000,000,000 BONKC, but since the total supply is capped at 69.42 billion, only a portion of this cycle is required to complete the distribution. After the first 100,000 blocks, 50 billion BONKC has already been distributed, leaving 19.42 billion BONKC to be mined in the second cycle. At a block reward of 250,000 BONKC, the remaining supply requires 77,680 blocks, resulting in a total of 100,000 (first cycle) + 77,680 (partial second cycle) = 177,680 blocks before the supply is exhausted. This structure incentivizes early miners with high initial rewards, ensures controlled distribution through gradual halving, and achieves long-term scarcity by capping the total supply at 69.42 billion BONKC, ensuring value over time and fairness to all miners.

Network & Governance
BONK is governed by its community, with development updates and proposals openly discussed through GitHub issues and pull requests. The community can propose and vote on changes that help drive BONK's growth and adoption.

Roadmap
- \[Q1\] Launch of mainnet and open-source mining software.
- \[Q2\] Community growth, marketing, and exchange listings.
- \[Q3\] Implementation of additional features, utility, and partnerships.
- \[Beyond\] Ongoing improvements and expansion of the BONK ecosystem.

Conclusion
BONK is poised to become a fun yet impactful cryptocurrency project. With a high initial block reward and a halving schedule to gradually reduce supply over time, BONK aims to create a balanced and engaged community that supports long-term success.