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What Is Sponge (SPONGE)?
Sponge (SPONGE) is a meme coin derived from the beloved cartoon character SpongeBob SquarePants. It aims to create a community around this character and provide another chance for investors to get positioned early for potential price growth. SPONGE is focused on the community and has goals of increasing its market cap, having a large number of holders, and being listed on top-tier exchanges. The memecoin launched on Uniswap and gained significant momentum.
SpongeBob's price reached its all-time high on May 8, 2023, trading at $0.002394.
Sponge (SPONGE) is a highly speculative investment, and thorough research is advised before making any investment decisions.
Who Are the Founders of Sponge (SPONGE)?
The founders of Sponge (SPONGE) remain anonymous, like many other memecoins. Although their identities are undisclosed, they actively promote the memecoin on social media platforms and engage with the community. The SpongeBob team aims to provide an opportunity for those who missed out on previous memecoin pumps to benefit from potential price growth.
What Makes Sponge (SPONGE) Unique?
Sponge (SPONGE) stands out with its tokenomics model and partnership with Tamadoge, a Web3 gaming project. The coin has allocated a significant portion of its supply to DEX liquidity, unity, and CEX. The collaboration with Tamadoge resulted in an airdrop that generated hype in the crypto and Web3 communities. Sponge's association with the famous Nickelodeon cartoon adds to its popularity during the memecoin season.
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Check out Pepe (PEPE) — the popular memecoin based on the Pepe meme.
Learn more about Turbo (TURBO) — the memecoin created using ChatGPT.
Find out more about Bob (BOB) — another popular memecoin related to Pepe.
Read our deep dive into BRC-20 and memecoins on Bitcoin.
Learn about what memecoins are with CMC Glossary.
Get the latest crypto news and trading insights with the BYDFi education portal.
How Many Sponge (SPONGE) Coins Are There in Circulation?
The total supply of SPONGE is 4.4 billion tokens, with approximately 24.6 billion (61%) currently in circulation. The tokenomics allocate 61% to DEX liquidity, 29% to unity, and 10% to CEX liquidity. The project has renounced the contract and locked the first wallet.
How Is Sponge (SPONGE) Secured?
Sponge (SPONGE) was launched on Ethereum, which is secured by a proof-of-stake consensus mechanism. Validators stake 32 ETH to process transactions and secure the network.
Where Can You Buy Sponge (SPONGE)?
To buy Sponge (SPONGE) at the current rate, you can use top cryptocurrency exchanges such as Uniswap (V3), Gate.io, Poloniex, Bitget, MEXC, and more. For real-time SPONGE price tracking, download the CMC mobile app.
Answers
What Is Sponge (SPONGE)?
Sponge (SPONGE) is a memecoin derived from the beloved cartoon character SpongeBob SquarePants. It aims to create a community within the crypto space around this character and "gift the world the best meme coin made according to a secret recipe, like the hamburger in the original cartoon." SPONGE was built for those who missed out on previous meme coin pumps, providing them with another chance to get positioned early for price explosion.
The coin is focused on the community, with goals of increasing its market cap to $1 billion, having 100,000 holders, and being listed on tier 1 exchanges. SpongeBob's price reached its highest on May 8, 2023, when it was trading at its all-time high of $0.002394.
Sponge (SPONGE) is a highly speculative investment, and investors should be cautious before investing. Thorough research is essential before making any investment decisions.
Who Are the Founders of Sponge (SPONGE)?
The founders of Sponge (SPONGE) remain anonymous. Like many other memecoins, Sponge was launched by an anonymous team. The team has not revealed their identities, and it is unclear whether they will do so in the future.
Despite the anonymity of the SpongeBob team, they have been actively promoting the memecoin on social media platforms such as Twitter, Telegram, and Discord. They have also been engaging with the community and answering questions about the project.
According to the SpongeBob team, the goal of Sponge is to provide an opportunity for those who missed out on other memecoin pumps, such as PEPE, to get in early and benefit from the price explosion. The team claims that Sponge has a strong community and a dedicated team that is working hard to ensure the success of the project.
What Makes Sponge (SPONGE) Unique?
Sponge is a memecoin that has been gaining considerable momentum in the crypto space. It has an interesting tokenomics model that sets it apart from other memecoins. Out of a total supply of 40.4 billion tokens, Sponge has allocated 61% towards DEX liquidity, 29% towards unity, and 10% towards CEX.
One of the unique features of Sponge is its partnership with Tamadoge, a Web3 gaming project. This collaboration has resulted in an airdrop that has generated a lot of hype among crypto and Web3 enthusiasts.
Finally, Sponge is based on the famous Nickelodeon cartoon, although it is not associated with either Nickelodeon or Spongebob Squarepants. This makes it a highly relatable and recognized meme, which could be one of the reasons for its popularity during the memecoin season.
How Many Sponge (SPONGE) Coins Are There in Circulation?
The total supply of SPONGE is 4.4B SPONGE tokens, of which around 24.6B (61%) is currently circulating, according to the project.
The tokenomics of SPONGE is as follows: 61% for DEX liquidity, 29% in a locked community wallet, and 10% for CEX liquidity.
The project also announced that the contract is renounced and the first wallet is locked.
How Is Sponge (SPONGE) Secured?
Sponge (SPONGE) was launched on Ethereum, which is secured by a proof-of-stake consensus mechanism. Validators stake 32 ETH to process transactions and secure the network.
Where Can You Buy Sponge (SPONGE)?
If you would like to know where to buy Sponge (SPONGE) at the current rate, the top cryptocurrency exchanges for trading in SPONGE are Uniswap (V3), Gate.io, Poloniex, Bitget, MEXC, and more.
Want to keep track of SPONGE price in real-time? Download the CMC mobile app to get the live price of SPONGE, BTC, and other cryptocurrencies.
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