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BonkFun 2.0 to Launch with Freya Protocol Backed by Solana Contributors

Set to debut on the BonkFUN 2.0 USD1 launchpad, the Freya Protocol aims to help global IPs enter on-chain capital markets using standardized revenue-driven buyback mechanisms.

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Summary

According to an official announcement, Freya Protocol will launch on the BonkFUN 2.0 USD1 launchpad. As an Internet Capital Market (ICM) protocol backed by the Bonk team and Solana contributors, it aims to help IPs and businesses enter on-chain capital markets via standardized buyback mechanisms. Token migration for FREYA tokens is underway, offering a 5% pre-deposit reward for early participants.

Terms & Concepts
  • Internet Capital Market (ICM) protocol: A protocol designed to help entities like IPs and businesses enter on-chain capital markets, often using mechanisms like standardized revenue-driven buybacks.
  • Token Migration: The process of moving tokens from an old contract or system to a new one, often used during upgrades or protocol changes.
  • Pre-deposit Reward: An incentive offered to token holders who deposit their assets before a new protocol or upgrade launches, typically in the form of bonus tokens.