Solana’s BONK Token Joins Revolut, Soars 15%, Amid $1.2M Education Push

3 months ago 47

Revolut, a major neo-bank, is set to introduce BONK to its learn-and-earn program, one of the most buzzed-about Solana meme coins of 2023.

The educational “learn” campaign accompanying the launch seeks to teach new investors about cryptocurrency, potentially encouraging them to explore BONK as an investment opportunity.

BONK and Revolut Partnership to Onboard New Users

In a recent statement, the BONKDAO team, creators of the BONK coin, announced a partnership that foresees a significant increase in users through the learn and earn campaign.

“The focus of the campaign will be to onboard 500,000 new BONK Users, significantly increasing the active holder base through a Learn and Earn Campaign.”

Some crypto projects already on the Learn and Earn program include Algorand, NEAR, Avalanche, and 1inch.

Users earn rewards by engaging in learning activities about the project. For instance, regarding Avalanche, users can access a three-page informational guide about the project and a brief quiz to assess their understanding.

Read more: What Is Solana (SOL)?

The quiz questions are straightforward. Upon answering the questions correctly, users promptly receive a small amount of crypto deposited into their Revolut account.

Importantly, users have unlimited attempts to answer the questions.

The BONKDAO explains that there will be two phases in its plan for user acquisition on Revolut:

“There will be 2 waves of user acquisition: 1 – the token launch with organic growth for 1 – 2 months 2 – L&E campaign to engage with new users.”

However, in December 2023, Revolut temporarily suspended some of its crypto services for business customers in the UK.

The decision came in response to the Financial Conduct Authority’s (FCA) announcement of new rules for crypto assets slated for implementation this year.

Revolut Continues to Educate Crypto Users

Despite taking active measures to promote users’ compliance with crypto regulations, Revolut has partnered with crypto tax provider Koinly.

At the time of publication, BONK’s price stands at $0.00001424. Over the past 7 days, it has experienced a 35% price growth.

Meanwhile, BONK was released into the ecosystem in December 2022 through a massive airdrop.

BeInCrypto recently reported that it boasts to be the “true community coin” of web3. Furthermore, the project has over 131 integrations across nine blockchains.

However, these partnerships improve the users’ benefits on different platforms using the coin. It is reported that days after the meme coin’s launch, 20,000 new wallets joined the Solana ecosystem.