Popular Multi-Million Dollar Staking and Gaming Meme Coin $SPONGE Holders Vote for Instant Staking and Pay Returns

adminMay 28, 2024

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The community of Sponge ($SPONGE), a popular meme coin that gave early supporters returns of up to 10,000%, has voted to receive the project’s lucrative staking rewards immediately.

This means that all accumulated staking rewards will be paid out to $SPONGE holders after claims begin on May 30th at 10:00 AM (UTC).

Sponge surveyed We asked them to decide whether to grant it linearly. The logic behind the community vote was explained in follow-up posts and mostly related to price stability.

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

However, almost unanimously, 85.5% voted for immediate billing to immediately take advantage of the project’s lucrative dynamic reward rates as they are currently available. 326% APY for stakers on Polygon.

$SPONGE recently migrated from Ethereum to Polygon. There are three groups that will be able to claim tokens on May 30th: These are groups that purchased tokens through the pre-sale widget, groups that bridged to Polygon before February 5th, and holders that did not bridge but were captured in a snapshot taken on February 5th after $$. SPONGE V1 token has been discontinued.

The last group can claim their fair number of Polygon $SPONGE V2 tokens without any additional staking rewards.

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

Lucrative rewards are just one of the reasons investors go to Sponge to capture potentially explosive price movements. In the coming months, $SPONGE will play a central role in cryptocurrency’s most exciting new staking/gaming/meme coin ecosystem.

Sponge is a meme coin with strategy.

With cryptocurrency adoption accelerating globally, investors are flocking to Sponge ahead of its listing on major exchanges.

$SPONGE is a unique project that builds its own staking and video gaming community organically through word of mouth, lucrative incentives, and viral marketing. Three important milestones lie ahead. The long-awaited May 30th marks the claim of the new Polygon $SPONGE token, listing of the top CEX, and the release of the upcoming Sponge video game.

Meme Coin absorbed and squeezed more value than most projects during Bitcoin’s 2024 rebound. Their quirky price movements often make the industry wonder if it’s on the verge of another bull market.

Crypto meme projects hoping to survive in the dog-eat-dog pre-adoption market will have to provide more than just laughs if they want 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 a return of approximately 10,000%.

Clearly, early-stage supporters want $SPONGE to establish itself as a major player in the meme coin space.

There are 3 days left until token claim begins. #Sponger! 🙌 🔥
Thursday, May 30 at 10:00 AM (UTC).
If you have any questions, join us on Telegram and Discord! ⚡️#SpongeV2 $sponge #ETH #pepe pic.twitter.com/mmUzBzCFSa
— $SPONGE (@spongeoneth) May 27, 2024

$SPONGE’s journey so far

Launched with little fanfare, $SPONGE V1 quickly captured the hearts of investors by offering an attractive ecosystem that provided many opportunities for participants to invest time and money to earn 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 V2 of Polygon, a widely utilized Ethereum Layer 2 scaling solution. The current pre-sale re-release price is $0.002103. This means that those holding $SPONGE, which was priced at $0.000025 since the launch of V1, are now making a profit of 8,414%.

The chain migration has been planned since at least January, but the recent liquidity pool attack has accelerated the migration.

In fact, we have advanced the team’s plans further by deploying a large initial update to the protocol’s staking model, improving reward rates. Additionally, the yet-to-be-confirmed release date for the token’s namesake racing game has also been moved up.

🚀 #Sponger, Voting is now complete! 🚀
A whopping 85.5% of the community voted to claim it immediately! As promised, we will respect your choice🙌
every $sponge Tokens can be claimed immediately on Thursday, May 30th at 10AM UTC ⏰
Get ready to soak up some moisture! 🧽︎ #SpongeV2 pic.twitter.com/cbxsSitUdx
— $SPONGE (@spongeoneth) May 21, 2024

$SPONGE is absorbing millions of dollars.

$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 tokens locked and currently amounts to approximately 326% for Polygon stakers. According to the website, an eye-catching 10 billion $SPONGE tokens have been staked to date, bringing the total value of bridged tokens to $24 million.

Meme coiners expect these numbers to increase in the coming weeks as Sponge sees explosive growth in the Meme Coin and Web3 gaming sectors.

$SPONGE will likely soon land on the world’s largest cryptocurrency exchanges such as Binance and OKX. The top CEX listing forms an integral part of the project’s roadmap, and as $SPONGE becomes more accessible to everyday retail buyers, the listing could fuel more explosive price action.

After claiming and listing potential CEX, players are presented with a Sponge-themed play-to-earn racing game where they race around Bikini Bottom to collect $SPONGE rewards.

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

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

Stay informed and join an engaged community. X 36,500 followers.

Buy and Stake SPONGE on our website

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