Revolut to List Bonk, Distribute $1.2M of Meme Coin in ‘Learn’ Campaign

Revolut, the European fintech company, is set to list Bonk, the largest meme coin on the Solana blockchain. To further promote the cryptocurrency’s adoption, Revolut will also launch a “learn” campaign, distributing up to 93 billion Bonk tokens, worth $1.2 million, to its users. The learn campaign aims to increase Bonk’s user base by 500,000. This move comes after a successful period for Bonk, with its price surging by 19,000% since November 2023. With the listing on Revolut and its widespread availability on top exchanges such as Coinbase and Binance, it seems that Bonk is solidifying its position in the mainstream crypto market.

Revolut to List Bonk

Revolut, the European fintech, has announced its plans to list Bonk, Solana’s biggest meme coin, on its platform. This move will bring Bonk to mainstream crypto trading venues, further increasing its visibility and adoption. Revolut joins other top exchanges such as Coinbase and Binance that have already listed Bonk, demonstrating the growing interest in this meme coin.

Bonk has seen a significant increase in price since November 2023, with its value soaring by 19,000%. The listing on major exchanges has played a role in driving this price surge, and the addition of Revolut is expected to generate further demand for Bonk.

Distribute $1.2M of Meme Coin in ‘Learn’ Campaign

Revolut has also revealed its plans to run a ‘learn’ campaign to incentivize its users to learn about Bonk. However, this campaign still requires approval from BONK’s governing council, which oversees the project’s treasury of BONK tokens.

The council members are expected to approve the campaign, as six out of the 12 members have already voted in favor. If approved, the campaign aims to increase Bonk’s user base by 500,000. A total of 93 billion BONK tokens, worth $1.2 million, will be allocated for the campaign.

Users who participate in the ‘learn’ campaign will receive BONK as a reward for educating themselves about the coin. This incentivization strategy is expected to attract new users to Bonk and further expand its community.

Background on Bonk

Bonk is a meme coin that was launched by Solana enthusiasts. It gained prominence as Solana’s biggest meme coin following FTX’s implosion in November 2022. Bonk serves as an incentive mechanism on applications built on the Solana blockchain.

The Plan for the ‘Learn’ Campaign

The ‘learn’ campaign plan is currently being voted on by BONK’s governing council. The approval vote is expected to pass, as a majority of the council members have already expressed their support for the campaign. Revolut has declined to comment on the specifics of the campaign plans.

The primary goal of the campaign is to increase Bonk’s user base by 500,000. To achieve this, 93 billion BONK tokens, totaling $1.2 million in value, will be allocated for distribution to users as a reward for learning about the coin.

Future Plans for Bonk

In addition to the ‘learn’ campaign, Bonk’s proponents have various other initiatives in the works to further promote the adoption of the meme coin. These plans aim to drive the growth of Bonk’s user base in the coming months, solidifying its position in the crypto market.

Significance of the Listing

Revolut’s decision to list Bonk on its platform is significant for the meme coin. It will bring Bonk to mainstream crypto trading venues, exposing it to a wider audience and potentially increasing its trading volume. The listing on popular exchanges such as Coinbase and Binance has already contributed to Bonk’s visibility, and Revolut’s addition is expected to further boost its adoption.

Expected Impact on Bonk’s Price

The listing on major exchanges and the growing interest in Bonk have already led to a substantial increase in its price. Since November 2023, Bonk’s value has surged by 19,000%. This price surge can be attributed to its listing on reputable platforms and the growing demand for meme coins.

With Revolut joining the list of exchanges that offer Bonk, there is an expectation that the demand for the meme coin will continue to rise. As more users gain access to Bonk through mainstream trading venues, its price could experience further growth.

Approval Process from BONK’s Council

The ‘learn’ campaign plan requires approval from BONK’s governing council. The approval vote is currently ongoing, and it is expected to achieve quorum and pass. It is a positive sign that the majority of council members have already expressed support for the campaign, indicating a high likelihood of approval.

Revolut’s Role in the Learn Campaign

Revolut will play a significant role in the ‘learn’ campaign by distributing BONK to its users as a reward for learning about the meme coin. This distribution of BONK tokens will be done through the Revolut app, incentivizing users to educate themselves about Bonk.

The campaign aims to increase Bonk’s user base by 500,000, and Revolut’s widespread user base and accessibility make it a valuable platform for achieving this goal. By offering BONK as a reward, Revolut can attract users who may be curious about the meme coin or want to participate in its growing community.

Impact on BONK’s User Base

The ‘learn’ campaign’s primary objective is to increase Bonk’s user base by 500,000. By distributing BONK tokens as rewards for learning, the campaign aims to attract new users to Bonk and encourage them to engage with the coin’s ecosystem.

The incentive structure of the campaign, combined with Revolut’s reach and influence, is expected to appeal to a wide range of users. This increased user base will contribute to the growth and adoption of Bonk in the crypto market, solidifying its position as Solana’s biggest meme coin.