Revolut, a popular European fintech company, has announced that it will be listing BONK, the biggest meme coin on the Solana blockchain, on its trading platform. In addition, the company will also be running a “learn” campaign to educate its users about the cryptocurrency and distribute up to 93 billion BONK tokens as rewards.
The listing of BONK on Revolut is a significant step towards mainstream adoption of the meme coin. This move comes after a successful end to 2022, where BONK saw a staggering 19,000% increase in price since November 1st, according to CoinMarketCap. The coin has also been listed on top exchanges such as Coinbase and Binance during this time.
BONK was launched by Solana blockchain enthusiasts as a way to bring some positivity to the ecosystem after FTX’s implosion in November 2022. Since then, it has emerged as the biggest meme coin on Solana, with many applications built on the blockchain using it as an incentive mechanism.
The “learn” campaign proposed by Revolut aims to incentivize its users to learn about BONK through the app. The proposal, which is currently being voted on by BONK’s governing council, will automatically allocate 93 billion BONK tokens (worth $1.2 million) for the campaign. The goal is to increase BONK’s user base by 500,000, according to the proposal.
This move by Revolut is a bullish sign for BONK and the Solana ecosystem as a whole. By listing the meme coin on its platform and running a campaign to educate its users, Revolut is showing its confidence in the potential of BONK and its underlying blockchain technology.
According to a contributor to BONK, there are many more plans in the works to further increase the adoption of the meme coin in the coming months. This is a positive sign for BONK holders and the Solana community, as it shows that there is a strong effort to promote and grow the coin’s usage.
In conclusion, Revolut’s decision to list BONK and run a “learn” campaign is a bullish move for the meme coin and the Solana blockchain. This will not only increase the coin’s visibility and adoption but also bring more attention to the potential of Solana as a blockchain platform. With more developments and initiatives in the works, BONK and Solana are poised for further growth and success in the future.
Source:
– CoinDesk. Read More