European banking fintech company
Revolut is reportedly planning to list Bonk, the biggest meme coin associated
with the Solana blockchain, and initiate a $1.2 million campaign to encourage
its users to familiarize themselves with the cryptocurrency, as per a source
knowledgeable about the situation.
The proposed “learn”
campaign is contingent upon approval from Bonk’s governing council, responsible
for overseeing the project’s treasury of Bonk tokens, valued at over $100
million. As of the latest update, the approval vote had nearly reached quorum,
with six out of the council’s 12 members voting in favor and none opposing. It
is anticipated to pass, according to participants familiar with the matter.
Originally conceived by Solana
blockchain enthusiasts in response to FTX’s tumultuous events in November 2022,
Bonk has evolved into Solana’s most prominent meme coin, widely utilized by
various applications on the platform as an incentive mechanism. Revolut intends
to allocate Bonk tokens to select users as rewards for engaging with the
cryptocurrency through its application.
Bonk’s Council Considers $1.2
Million Allocation for User Expansion
The listing of Bonk on Revolut is poised to
further integrate the cryptocurrency into mainstream trading platforms,
following its remarkable surge in value, skyrocketing by 19,000% since November
1, 2023, according to CoinMarketCap. Notably, top exchanges such as Coinbase
and Binance had already listed Bonk during that period.
.@RevolutApp plans to list Solana’s top meme coin $BONK, continuing its march into mainstream crypto trading venues. https://t.co/E7hvLock12
— CoinDesk (@CoinDesk) February 15, 2024
The proposal under consideration
by Bonk’s council outlines the allocation of 93 billion Bonk tokens, equivalent
to $1.2 million, for the learn campaign, with the objective of expanding Bonk’s
user base by 500,000 individuals, according to an individual familiar with the
initiative.
Crypto Trading Services in New
Zealand with Learn and Earn Program
Earlier, Finance Magnates reported that Revolut
launched crypto trading services in New Zealand. The initiative includes a
‘Learn and Earn’ program, providing free courses for crypto traders, and
integration with Koinly for streamlined crypto tax filing. The platform will
offer over 100 digital currencies, including major ones…
