Coinsquare Capital Markets Inc. (“Bitbuy”) is offering crypto contracts to purchase and sell Bonk in reliance on a prospectus exemption granted by the Canadian Securities Administrators (CSA) in the exemptive relief decision dated October 12, 2022. The statutory rights of action for damages and the right of rescission in section 130.1 of the Securities Act (Ontario) and similar legislation in the other CSA jurisdictions do not apply in respect of a misrepresentation in this statement to the extent that a crypto contract is distributed under the above-noted prospectus relief.
No securities regulatory authority in Canada or any other jurisdiction has expressed an opinion about any of the crypto assets (or crypto contracts) that are available through Bitbuy’s platform, including an opinion that the crypto assets are not themselves securities and/or derivatives.
Bitbuy has compiled the information contained in this Crypto Asset Statement to the best of its ability based on publicly available information.
BONK is a community-focused cryptocurrency that was airdropped to the Solana community on December 25, 2022, to revitalize network activity. While it originated as a memecoin, it has since evolved into a utility token with over 350 on-chain integrations across decentralized finance (DeFi), gaming, and NFT platforms. The project is governed by the BonkDAO, a decentralized autonomous organization that manages 15% of the total token supply to fund community grants and ecosystem initiatives. BONK now supports a wide range of native products, including BonkSwap (a decentralized exchange), BonkBot (a Telegram trading tool), and LetsBonk.fun, which serves as a leading launchpad for new tokens on the Solana network. As of early 2026, BONK has expanded its reach beyond Solana, achieving cross-chain availability across 10 different blockchain networks.
As with all assets, investing in Bonk is not without some general risks. Many of these risks are identified and explained in our Risk Statement.
The relevant sections in the Risk Statement are as follows:
Platform Risk, Short History Risk, Price Volatility, Potential Decrease in Global Demand for Digital Assets, Potential for Illiquid Markets, Transfers of Digital Assets are Irreversible, Concentration Risks, Uncertainty in Regulation, Financial Institutions May Refuse to Support Transactions Involving Digital Assets, Digital Assets’ Blockchain May Temporarily or Permanently Fork and/or Split, Cyber-Security Risk, Airdrops, Issues with Cryptography Underlying Digital Asset Networks, Internet Risk, Open Loop System, Risk if Entity Gains a 51% Share of Digital Asset Network, Possible Increase in Transaction Fees, Possible Increase in Service Fees, Limited Canadian Investor Protection Fund Account, No Voting Rights, Custody of Digital Assets, Custody Risk Insurance, Threats to Bitbuy’s Physical Assets, Covid-19 Outbreak, Use of Leverage, Halting, Suspending, and Discontinuing Digital Assets.
In addition to the general risks, we outline some risks that are specific to Bonk below. While we make an effort to identify every source of risk, we encourage you to do your own research and ensure you are comfortable investing in Bonk.
As BONK is an SPL token on the Solana network, it is highly dependent on the continued stability of that network. Any fundamental issues in the Solana network may impact BONK’s smart contract or token value. Investors should consider this dependency, and the Solana network’s history with respect to stability, when evaluating BONK.
BONK is one of many digital assets that could be classified as a memecoin. Memecoins follow internet trends and are susceptible to volatility influenced by social media activity, online jokes, and adoption or comments by celebrities or public figures. However, as with typical internet memes, trends may be fleeting and those steep increases could level off very quickly as meme-followers lose interest.
BONK utilizes various deflationary mechanisms designed to reduce its circulating supply over time. Beyond the initial developer burn, the ecosystem has implemented community-driven events such as the "BURNmas" campaign in December 2024, which permanently removed approximately 1.69 trillion tokens from circulation. Additionally, the BonkDAO periodically approves large-scale burns, such as a 2024 proposal that destroyed over 278 billion tokens following a community vote. Ongoing burns are also integrated into ecosystem products; for instance, a portion of the fees generated by the LetsBonk.fun launchpad and other integrated dApps are used to buy back and burn BONK. By early 2026, the ecosystem had burned over 12 trillion tokens in total, representing more than 10% of the initial supply.
To be made available for trading on Bitbuy’s platform, a digital asset must pass the following due diligence reviews:
Bitbuy undertakes these three levels of due diligence in order to determine whether the digital asset is compliant with our legal and regulatory obligations, is secure, and has historical data supporting a beneficial business case. Bitbuy’s New Product Committee must provide final approval for a new digital asset to be made available on the platform.
Other Useful Links:
BONK Twitter: https://twitter.com/bonk_inu
Last updated: January 28, 2026
