Revolut Partnership Boosts Bonk Price by 13%
Bonk (BONK), a memecoin on the Solana blockchain, experienced a 13% price surge following news of an upcoming listing on Revolut’s trading platform. Revolut, a prominent European fintech firm, is considering a partnership with Bonk that includes a “Learn and Earn Campaign.” The campaign aims to expand Bonk’s user base by 500,000 users.
Incentivizing Revolut Users
BonkDAO, the decentralized autonomous organization behind the Bonk project, highlighted Revolut’s extensive user base of 38 million across 50 countries. By capturing just 1.3% of Revolut’s clients, BonkDAO can achieve its ambitious user base expansion goal. As part of the campaign, Revolut plans to distribute BONK tokens as rewards to users who engage with educational content about the memecoin.
Governance Council Approval
The governance council of Bonk has officially approved the “learn” campaign. With eight out of twelve voting members in favor, the necessary quorum was met without any dissenting votes. The campaign will be implemented in two phases: first, focusing on BONK’s launch on Revolut to drive organic growth, followed by the rollout of the Learn and Earn initiative to further promote user engagement and knowledge about the memecoin.
Potential Listing on Robinhood
Rumors are circulating about a potential listing of BONK on Robinhood, another popular crypto trading platform. These rumors contribute to the momentum that BONK has been gaining since November 2023 when its price increased by 19,000%. The token has gained recognition through listings on major exchanges like Coinbase and Binance, showcasing its growing appeal in the cryptocurrency market.
BONK’s Role in the Solana Ecosystem
BONK originated as a token by Solana enthusiasts after FTX’s collapse in November 2022. It aims to bring optimism to the Solana ecosystem and has quickly gained prominence within the community, serving as an incentive for various applications built on the blockchain.
Conclusion
The recent partnership between Bonk and Revolut, along with the potential listing on Robinhood, has propelled the price of BONK. With its remarkable price surge and listings on major exchanges, BONK is becoming increasingly popular in the crypto market. This news coincides with Bitcoin’s rise above $52,000 and its market capitalization surpassing $1 trillion. The approval of spot Bitcoin ETFs and anticipation surrounding Bitcoin’s halving event in April contribute to the positive sentiment in the cryptocurrency market.
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