The purpose of the proposed initiative is to onboard 500,000 new customers.
The decentralized autonomous group behind the Solana-based memecoin, Bonk, has unveiled a proposal to launch the token on considered one of Europe’s largest fintech platforms.
Together with providing buying and selling, the proposal goals to onboard 500,000 new BONK customers by a Study and Earn marketing campaign.
Based on the proposal, the fintech – which some are speculating could possibly be Revolut – operates with a banking license in over 50 European nations and has greater than 38 million prospects.
Revolut didn’t instantly reply to a request for remark from The Defiant.
With 4 days left to vote on the proposal and two extra sure votes required for approval, launching on considered one of Europe’s essential fintechs is one more signal of broader acceptance by conventional monetary establishments – though Revolut is taken into account to be a neobank.
And with the Bonk DAO holding greater than $158 million price of tokens, Revolut merchants is perhaps in for an airdrop shock.
The proposal envisions two waves of adoption: the token launch with natural progress for one to 2 months, and the Study and Earn marketing campaign. Particulars in regards to the L&E marketing campaign haven’t been revealed but.
Rating 100 on Coingecko, BONK is up 8% right now amid a broader market rally however stays down 60% from its all-time excessive two months in the past.
BONK made headlines in December 2023 because the Solana memecoin frenzy took maintain.
Its meteoric rise noticed the token surge 19,000% in six weeks, placing it within the historical past books on Coinbase, when the dog-themed token loved $238 million in buying and selling quantity within the first 24 hours, making it the trade’s twelfth largest debut.
