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

European
banking
fintech
Revolut
plans
to
list
Solana’s
biggest
meme
coin
Bonk
and
run
a
$1.2
million
campaign
to
incentivize
its
users
to
learn
about
the
cryptocurrency,
according
to
a
person
familiar
with
the
matter.

The
“learn”
campaign
plan
still

requires
approval
from
BONK’s
governing
council,
which
oversees
the
project’s
$100
million+
treasury
of
BONK
tokens.
At
press
time
the
approval
vote
had
almost
reached
quorum
with
six
of
the
council’s
12
members
voting
in
favor
and
none
against.
Participants
expect
it
to
pass.

Revolut
declined
to
comment.

The
listing
is
set
to
continue
BONK’s
march
into
mainstream
crypto
trading
venues
after
a
searing
end
to
2023
that
saw
it
increase
19,000%
in
price
since
Nov.
1,
per
CoinMarketCap.
Coinbase,
Binance
and
other
top
exchanges
listed
it
during
that
time.

BONK
is
a
token
launched
by
Solana
blockchain
enthusiasts
in
the
aftermath
of
FTX’s
November
2022
implosion
as
a
way
to
bring
some
cheer
to
the
hurting
ecosystem.
It
has
since
emerged
as
Solana’s
biggest
meme
coin
that
many
applications
built
on
Solana
use
as
an
incentive
mechanism.

Revolut,
too,
plans
to
distribute
BONK
to
some
of
its
users
as
a
reward
for
their
learning
about
BONK
through
the
app.

The
proposal
being
voted
on
by
BONK’s
council
will
automatically
earmark
93
billion
BONK
tokens
(worth
$1.2
million)
for
the
learn
campaign,
a
person
familiar
with
the
plans
said.
The
campaign
aims
to
increase
BONK’s
user
base
by
500,000,
the
proposal
said.

A
contributor
to
BONK
said
the
token’s
proponents
have
“lots
in
the
works”
to
further
spread
the
meme
coin’s
adoption
in
the
coming
months.