Bonk DAO, the decentralized autonomous organization behind the coin meme, has accepted a proposal to launch cryptocurrency tokens with one of Europe's "largest fintech companies." The proposal didn't specify which fintech platform it was with, but it's believed to be a partnership with cryptocurrency-friendly financial services company Revolut.
The proposal also mentions the fact that the #fintech platform boasts a user base of over 38 million users and operates in more than 50 countries, further suggesting that it is a Revolut platform. Interestingly, the partnership aims to attract "500,000 new #BONK users" and increase the base of active #cryptocurrency holders.
Launching tokens on the Revolut platform is the first step towards achieving this goal, but the focus is on the "Learn and Earn" campaign that will follow shortly after. This educational initiative will be implemented as soon as one or two months after the token launch. The plan is to create space for organic growth by listing BONK before attracting new users.
Meanwhile, the proposal (before it was accepted) also stated that vendor due diligence (VDD) and all other legal requirements had been met, which seemed to be the only thing preventing the move. Once the proposal has been accepted, it shouldn't take long for this #meme coin to show up on fintech platforms' listings.
BONK is still considered the meme coin of the next bull cycle. In past market cycles, meme coins such as DOGE and SHIB have made unimaginable gains amid huge rallies. On the other hand, BONK is expected to take a similar position, partly due to its close relationship with Solan.
BONK was the first meme coin created in Solan, and SOL is considered one of the major altcoins that will rise from strength to strength when the bull market returns in earnest. If that happens, meme coins could capitalize on the attention and make a run of their own.
According to CoinMarketCap, BONK was trading at around USD 100000142 at the time of writing, having risen more than 10% in the last 24 hours.
Scott Matherson is a leading Bitcoinist crypto writer with sharp analytical skills and a deep understanding of the digital currency landscape.
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