- Revolut plans to list Solana’s meme coin Bonk, coupled with a $1.2 million educational campaign.
- The initiative aims to expand BONK’s user base by 500,000, pending approval from BONK’s governing council.
In an ambitious move that underscores the burgeoning intersection of fintech and cryptocurrency, European banking giant Revolut has announced plans to list Solana’s largest meme coin, Bonk, on its platform.
This strategic decision is accompanied by an innovative $1.2 million campaign aimed at incentivizing users to engage with and learn about the nuances of cryptocurrency through the Bonk token.
Awaiting Approval from BONK’s Governing Council
The initiative, however, hinges on the approval from the governing council of BONK, which holds stewardship over the project’s substantial treasury, well over $100 million in BONK tokens. The council’s decision is eagerly anticipated, with an approval vote currently underway.
Initial reports are promising, revealing a unanimous leaning towards approval among the six council members who have already cast their votes, paving the way for a positive outcome.
The listing on Revolut is expected to further cement BONK’s presence in mainstream cryptocurrency trading arenas. This development comes on the heels of an extraordinary performance that saw the meme coin’s value skyrocket by 19,000% since the start of November 2023, according to data from CoinMarketCap.
The coin’s remarkable journey has already led to its adoption by leading cryptocurrency exchanges like Coinbase and Binance, marking its ascendancy in the crypto marketplace.
Originating from the aftermath of the FTX collapse in November 2022, BONK was conceived by Solana blockchain enthusiasts as a beacon of positivity and resilience. It rapidly evolved into Solana’s premier meme coin, integrating itself as a key incentive mechanism across a multitude of applications on the Solana platform.
Revolut’s Educational Incentive
In line with its listing, Revolut is set to roll out a unique learning campaign, rewarding users with BONK tokens for their engagement in educational activities about the cryptocurrency.
This novel approach not only aims to demystify crypto for Revolut’s user base but also seeks to foster a deeper understanding and appreciation of blockchain technology and its potential.
The campaign, contingent on council approval, is poised to earmark an impressive 93 billion BONK tokens (equivalent to $1.2 million) towards educating users. The overarching goal of this initiative is to significantly expand BONK’s user community, targeting a half-million new adopters as outlined in the proposal.