After offering 10,000% returns to early buyers, Gaming Meme Coin $SPONGE has conducted a survey of X followers about profitable staking rewards.

adminMay 17, 2024

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Sponge ($SPONGE), the popular new meme coin that delivered 10,000% returns to early supporters, has launched a social media survey asking the community for direction on how to distribute the project’s lucrative staking rewards.

This voting will take place from May 16th to May 21st. The Sponge community is asked to decide whether they want to access a large amount of staking rewards immediately once claims begin at the end of May, lock them for a month, or have reward tokens awarded linearly over six months or a year.

It’s time to vote, #Sponger!! 🔥
Vote for $sponge The staking reward claim structure is as follows!
Voting ends May 21st. ⏰
Soak up that moisture! 💪🧽 ☀ #SpongeV2 #polygon #MemeCoins
— $SPONGE (@spongeoneth) May 16, 2024

Sponge recently moved from Ethereum to Polygon. As a result, there are three groups that can collect tokens through the claims process: These are groups that purchased tokens through the presale widget, groups that bridged to Polygon before February 5th, and holders that did not bridge but were manually moved to the claims contract. Following a snapshot taken on February 5 after the $SPONGE V1 token was suspended.

Those who held V1 tokens on centralized exchanges before the outage exchanged them for Polygon’s V2 tokens, which had $SPONGE as the ticker.

The team explained the pros and cons of each choice in the survey in a separate X post.

3️⃣ Locked for 1 month
With this option, staking rewards are locked for a month before being fully used, ensuring initial stability after claim.
4️⃣ Instant billing
This option allows you to claim all staking rewards immediately, but keep in mind that this may result in higher rewards.
— $SPONGE (@spongeoneth) May 15, 2024

Staking rewards are just one of the reasons investors are heading to Sponge to capture potentially explosive price action before the pre-sale ends at the end of May.

What makes Meme Coin Sponge different?

With cryptocurrency adoption accelerating globally, investors are buying Sponge before it is listed on major exchanges in the hopes of discovering the next Web3 meme coin.

$SPONGE is a unique project that comes with its own staking and video gaming community. In the coming weeks, people can expect two important milestones: claiming ownership of the long-awaited new Polygon $SPONGE token and launching the upcoming Sponge Play-to-Earn (P2E) game.

Meme Coin rose and fell stronger than most coins through Bitcoin’s 2024 rebound. Unpredictable price movements on all fronts have the industry wondering if another bull market is on the horizon.

Crypto meme projects hoping to survive in a Darwinian survival-of-the-fittest pre-adoption market will have to offer more than just laughs if they aim for longevity.

Investors believe $SPONGE is one such speculation. At launch in May 2023, the price of $SPONGE was $0.000025. In less than a year, it reached its recent high of $0.002763, or an increase of approximately 10,000%!

Clearly early stage supporters are starting to take interest in $SPONGE.

King Charles approves 👏 🧽 $sponge #SpongeV2 #100x pic.twitter.com/j9Zy4RsJnZ
— $SPONGE (@spongeoneth) May 16, 2024

$SPONGE’s journey so far

Launched with little fanfare, $SPONGE V1 won the hearts of investors by offering an attractive ecosystem that offers many opportunities for participants to invest time and money to earn staking rewards.

$SPONGE closed its launch gates with a discreet listing on Uniswap, beating traditional pre-launch ICOs in favor of direct listings, and then quickly spread to centralized exchanges (CEXs) such as Poloniex, MEXC, LBank, Gate.io, Toobit, and others.

In less than a week after its launch on May 9, 2023, $SPONGE has posted an incredible 4,000% gain and nearly reached a market capitalization of $100 million.

The token was recently upgraded (and migrated) to Polygon’s V2, an Ethereum Layer 2 scaling solution. The current pre-sale re-release price is $0.001689. This means that people who were holding $SPONGE when the price was $0.000025 since the launch of V1 are now making a profit of 6756%.

This move has been in the pipeline since January, but the recent liquidity pool attack has accelerated it.

Nonetheless, the migration has actually advanced the team’s plans, allowing them to deploy a large initial update to the protocol’s staking model and advance the as-yet-unconfirmed release date of the token’s eponymous P2E racing game.

Has it faded? $sponge Also, what? #SpongeV2 #Cryptocurrency #ElonMusk pic.twitter.com/TPgxfIZRhF
— $SPONGE (@spongeoneth) May 16, 2024

$SPONGE’s mission is to absorb value.

$SPONGE’s V2 upgrade introduces several major improvements, the most important of which is a new staking model.

This rate of return depends on the number of stakers and the number of tokens locked, and currently stands at around 335%.

Meme coiners expect the number of staked tokens to increase in the coming weeks, especially as Sponge gains much more traction in the meme sector.

This is because the team hopes to list $SPONGE on the world’s largest cryptocurrency exchanges such as Binance and OKX. This move could fuel more explosive price action as the token becomes more accessible to everyday retail buyers.

Once you’ve claimed it and been listed as a potential CEX, you’ll be presented with a sponge-themed game where players can race around Bikini Bottom to earn rewards.

With its dual-yield staking and gaming model, $SPONGE seeks to seriously disrupt its low-utility, high-market-cap rivals such as $PEPE, $DOGE, and $WIF.

Take advantage of this opportunity to buy and stake $SPONGE before exchange listings become mainstream for the project.

Stay informed and join an engaged community. X 37,300 followers.

Buy and Stake SPONGE on our website

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