BONK Memecoin Jumps 7% on Revolut ‘Learn’ Deal Proposal

BONK

News of a potential partnership with Revolut for a “Learn and Earn Campaign” aimed at adding half a million users caused Solana-based memecoin Bonk (BONK) to surge by 7%. However, this listing on Revolut’s trading platform is still pending approval.

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According to a note from BonkDAO, the decentralized organization behind Bonk, a proposed partnership with the European fintech company involves launching a “Learn and Earn Campaign” for Bonk. This campaign aims to boost the memecoin’s user base by 500,000.


Revolut Partnership Offers Growth Potential for Bonk

BonkDAO highlighted that Revolut, currently boasting 38 million users and operating in over 50 countries with a banking license, presents a significant opportunity. With just 1.3% of Revolut’s user base, Bonk could achieve its target of adding 500,000 new users.

As part of the proposed partnership, Revolut users will be encouraged to participate in the “Learn and Earn Campaign.” This initiative offers $1.2 million in rewards, providing additional motivation for users to engage with Bonk.

Details of BONK’s Learn and Earn Campaign with Revolut. Source: Realms

Following the announcement, BONK’s price experienced an uptick, reaching $0.000025. This represents a 7.2% increase over the last five hours and a 13.1% rise over the past 24 hours, as reported by CoinGecko.

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BONK’s price movement since Dec. 29, 2022. Source: CoinGecko

BONK’s Journey and Awaiting Approval from BonkDAO

BONK gained significant attention in late 2023 when its price skyrocketed by 14,000% to $0.000025. Despite a subsequent 60% decrease from its all-time high, it remains one of the most popular memecoins in terms of trading volume.

The proposed Learn and Earn campaign is still pending official approval from BonkDAO.

At present, seven out of 12 Bonk voting members have voted in favor of the campaign. Only one more vote is needed to meet the approval quorum. Notably, no members have voted against the campaign, leaving the remaining five voters with four days to cast their vote.

If approved, the Learn and Earn campaign will be implemented in two phases. The first phase will focus on BONK’s launch on Revolut, emphasizing “organic growth” for the initial one to two months. Subsequently, the Learn and Earn campaign will commence.

Additionally, there are rumors circulating about BONK’s potential listing on Robinhood. However, neither party has confirmed these speculations publicly.


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 

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  • Asad

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