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- 1 Bonk, the Solana-based memecoin, is all set to be listed on Revolut’s trading platform.
- 2 The “Learn and Earn Campaign” buzzes the alliance of both parties and upsurges Bonk’sBonk’s price by 7%.
- 3 Individuals participating in the campaign will get a chance to grab over $1.2 Million in rewards.
The “Learn and Earn Campaign” by Revolut to educate individuals about meme coins skyrocketed Bonk’sBonk’s price by 7%. The potential listing of Solana-based meme coin on Revolute’s trading platform hinted at a collaboration that seeks users’ attention towards the extraordinary meme coin.
Effectiveness of the “Learn and Earn Campaign”
On February 15, 2024, Revolut, the European fintech company, took on the X platform to run a Bonk “Learn to Earn Campaign.” The purpose is to enhance the user count of the meme coin by 500,000 and make the crypto community aware of the meme coin world.
BonkDAO, in a note on February 14, announced the campaign details.
According to the note, BONK is all prepared to be listed on one of the biggest European fintechs to onboard 50K new users. Additionally, the campaign will be organized in two waves.
First is the token launch with organic growth for 1 to 2 months, and the second is the launch of the campaign to engage the user base. The legal and Vendor Due Diligence (VDD) report requirements have already been fulfilled to maintain the campaign’s legitimacy.
Nevertheless, the campaign is still pending and waiting for a positive response from the voter’s side. Votes from all the 12 Bonk voting members will decide whether to proceed with the plan.
Analyzing the voting results, 72.73% of the members voted “Yes” for the campaign, with no opposing votes to date. 7 out of 12 members favored the campaign and required one more vote for approval.
As per Realms data, the remaining voters have one day to cast their votes.
Moreover, Revolut has a user base of around 38 million and requires 1.3% of users to reach 50K users. Additionally, the firm holds a banking license across 50 nations.
Surprisingly, there is an incentive program for Revolut to maintain their engagement with the campaign. Taking part in the “Learn and Earn Campaign” will help users grab up to $1.2 Million in rewards.
How is the BONK Memecoin Performing?
According to CoinGecko data, after the announcement of Bonk’s listing on Revolut’s trading platform, BONK’s price increased to $0.000025, a hike of over 7% within 5 hours.
The Bonk price on February 17 was $0.00001323, a decline of 6.4% in the past day with a market cap of $805,164,688 and $60,921,814 in 24-hour trading volume.
The meme coin was launched in late 2022 and entered the limelight in late 2023 when its prices boomed 14,000% to $0.000025. Bonk’s all-time high price was $0.00003416, recorded on December 15, 2023, whereas the all-time low price was $0.078614, recorded on December 20, 2022.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
