Revolut, a leading European banking fintech firm, is reportedly planning to list Bonk, the largest meme coin linked to the Solana blockchain. Additionally, it plans to kick off a $1.2 million campaign to encourage cryptocurrency awareness among its users,, according to an informed source.
Revolut's Plans for Listing and Learning Initiative
The proposed "learn" campaign awaits approval from Bonk's governing council, responsible for overseeing the project's treasury of Bonk tokens valued at over $100 million. The latest update indicates that the approval vote is nearing 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 platform applications 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 integrate the cryptocurrency into mainstream trading platforms, following its remarkable surge in value, skyrocketing 19,000% since November 1, 2023, according to CoinMarketCap. Notably, top exchanges such as Coinbase and Binance 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 offers over 100 digital currencies, including major ones like Bitcoin, Ethereum, and XRP. However, it remains unclear whether customers can transfer their holdings out of Revolut, similar to the limitations in the EU.
This article was written by Tareq Sikder at www.financemagnates.com.
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