The Bonsai crypto project is all about Bonsai Token ($BONSAI), which is a community-driven token and cultural currency within the Lens Protocol ecosystem. It aims to support a community of creators, builders, and explorers engaged in on-chain social interactions. The token allows content creators to monetize their work on the Lens protocol by making their content collectible in $BONSAI. It also facilitates direct DeFi actions and payments within the social feed using $BONSAI.

$BONSAI is a token built on a mixed ERC-20/ERC-721 implementation, linking BONSAI NFTs to 100k $BONSAI tokens each. It serves as the primary currency within the Lens Protocol ecosystem, enabling various transactions, rewards, and community engagement initiatives.

The primary purpose of $BONSAI is to serve as a payment and reward token within the Lens Protocol. It allows users to monetize content, send tips, and engage in DeFi activities directly from their social feed. Additionally, it incentivizes community engagement and growth by distributing rewards in $BONSAI.

$BONSAI's main use cases include:
- Monetizing content on the Lens Protocol by setting it as collectible.
- Facilitating DeFi actions and payments directly within the social feed.
- Rewarding community engagement and contributions with airdrops.
- Enabling users to earn $BONSAI through creativity and skill contributions.
- Providing liquidity in the Uniswap WMATIC
Pool.

The value of $BONSAI is determined by several factors:
- Market demand and supply dynamics.
- Community engagement and the growth of the Lens Protocol ecosystem.
- The success and adoption of content monetization and DeFi activities using $BONSAI.
- The distribution and vesting schedules affecting the circulating supply of the token.

The initial token allocation for $BONSAI was as follows:
- 60% allocated to the community, including 40% for four airdrops (10% each) and 20% for ecosystem support.
- 15% allocated to the team, locked until September 2024 and vesting over 12 months.
- 10% allocated to investors, locked until October 2024 and vesting over 12 months.
- 15% allocated for liquidity, with 150 million $BONSAI provided to the Uniswap WMATIC
Pool at launch.

If you wish to explore the live distribution of the $BONSAI token on Polygon, use the insights offered by this page.

The vesting schedules for $BONSAI are as follows:
- Team tokens are locked until September 2024 and will vest over the following 12 months.
- Investor tokens are locked until October 2024 and will vest over the subsequent 12 months.

$BONSAI introduces a unique mixed ERC-20/ERC-721 implementation, linking NFTs to tokens, which enhances the functionality and value of digital assets within the Lens Protocol. This integration supports advanced content monetization and DeFi activities directly within a social platform.

$BONSAI stands out due to its integration with the Lens Protocol, focusing on community engagement and content monetization. Its mixed ERC-20/ERC-721 implementation, combined with direct DeFi capabilities within a social feed, differentiates it from other cryptocurrencies by providing unique utility and value to creators and users.

While specific details about the core team are not provided, the tokenomics information indicates that the team is allocated 15% of the total token supply, which is locked until September 2024 and vests over the following 12 months. As such, there must be a core team behind the Bonsai project; however, the details about its members are not publicly available.

When it comes to exploring the $BONSAI token price and its live on-chain metrics on Polygon, there’s no better place than this page. But if you are interested in the Bonsai project’s progress, latest partnerships, new potential token utilities, and other announcements, then you need to check out the project’s official website, social media channels (like X (former Twitter) and Telegram), and other official outlets. You can find links to these sites in the “Token Links” section on this page.