Sponge (SPONGE) is making big waves in the crypto ocean as a zero-tax memecoin inspired by the beloved cartoon character SpongeBob SquarePants. Designed to unite fans and crypto enthusiasts, Sponge aims to serve up the ultimate memecoin experience. Launched on Uniswap, SPONGE quickly garnered attention, providing an exciting opportunity for those who missed out on past meme coin surges. With its goal of hitting a $1 billion market cap, accumulating 100,000 holders, and getting listed on top-tier exchanges, this token's community-focused approach is lighting up the decentralized finance world. Dive in to learn more about this quirky, yet ambitious, crypto phenomenon!
What Is Sponge (SPONGE)?
Sponge (SPONGE) is a zero-tax memecoin derived from, but not affiliated with, 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 allegedly 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 entirely on the community, and its goal is to increase its market cap to $1 billion, have 100,000 holders, and be listed on "tier 1" exchanges, amongst others. The memecoin launched directly on Uniswap and gained considerable momentum following its launch.
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. It is essential to do thorough research 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 40.4 billion SPONGE tokens, of which around 24.6 billion (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.
Related Pages:
- 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 CoinMarketCap education portal.
Tokenomics and Distribution Model of Sponge (SPONGE)
The Sponge crypto token, denoted as $SPONGE, has a total token supply of 40.4 billion tokens, with 24.6 billion tokens currently in circulation. The tokenomics and distribution model of Sponge are carefully designed to ensure fair distribution and long-term growth. Here is a breakdown of the tokenomics and distribution model for Sponge:
- Total Supply: The total supply of Sponge is 40.4 billion $SP
