Initializing BONKbot
Search by username for Bonkbot_bot, or use this telegram link.
Press start or type /start and you will be greeted by the following message.
Great! You have now initialized an empty wallet. You will be buying and selling from here.
Depositing Sol
At this stage, you can send a small amount of Sol to the address from any wallet you use.
You can tap on the link to copy it.
Then, use your wallet of choice – Phantom, Backpack – and transfer yourself some Sol to start trading!
Buying Tokens
Type /start again, and your wallet should refresh with the balance you sent.
You can now buy VRSOL tokens using the amount you deposited, by pressing the Buy button.
Reply with the $VRSOL token address, or name VRSOL, and you can choose how much of the token you want to buy.
Press Buy X Sol, and you can choose how much you would like to buy.
Watch as your transaction is executed instantly
Congratulations! You just bought your first VRSOL tokens on BONKbot.
Managing your positions
Having successfully bought a token, you can now manage your position by clicking Manage Positions
Bonkbot has specially curated a selection of data that helps you be a better trader, including recent price history so you can understand trends.
You can see:
- Current Profit, both as a percentage and absolute
- Current Value, in USD and Sol
- The Market Cap of the token you bought
- Price Changes in the last 5 mins, 1 hour, 6 hours and 24 hours
- Net Profit, after subtracting Price Impact, DEX fees and a 1% BONKbot fee
- Initial Value
- Token Balance
- Profit with Slippage
- Wallet Balance
Selling Tokens
Selling your tokens is just as fast as buying them! On the Manage Positions menu, you will be able to view your account on Solscan and the token’s chart on Birdeye.
If you have multiple positions, you can cycle through them with the arrows, and you can choose to buy more, or sell some or all of your position.
Have questions or want to learn more Click here to start using Bonkbot, Happy Trading!
Related Glossary Terms
Cryptocurrency
A digital or virtual currency that uses cryptography for security and operates on a blockchain network, typically without a central authority. Cryptocurrencies enable peer-to-peer transfer of value without intermediaries.
Decentralized Finance (DeFi)
Financial applications built on blockchain networks that operate without traditional intermediaries like banks or brokers. DeFi uses smart contracts to automate lending, borrowing, trading, and other financial services in a permissionless and transparent way.
Stablecoin
A cryptocurrency designed to maintain a stable value by pegging to an external asset, typically a fiat currency like the US dollar. Stablecoins provide price stability for DeFi applications, trading pairs, and as a bridge between fiat and crypto ecosystems.
Token
A digital asset created and transferred on a blockchain. Tokens can represent currency, governance rights, utility within a protocol, ownership of an asset, or virtually any programmable value. Tokens are typically created via smart contracts.
Wallet
A software program or hardware device that stores the cryptographic keys needed to access and manage cryptocurrency. Wallets do not store the currency itself — they store the keys that prove ownership of on-chain assets.
Keep learning
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