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About Sponge (SPONGE)
Key Points:
- Sponge (SPONGE) is a zero-tax memecoin inspired by SpongeBob SquarePants.
- Goal: $1 billion market cap, 100,000 holders, and listing on “tier 1” exchanges.
- All-time high: $0.002394 on May 8, 2023.
- Founders remain anonymous.
- Total supply: 40.4 billion tokens.
- Tokenomics: 61% for DEX liquidity, 29% for unity, and 10% for CEX.
- Partnership with Tamadoge, a Web3 gaming project.
About Sponge: Empowering a New Era of Decentralized Applications
Introducing Sponge (SPONGE): A Revolutionary Cryptocurrency
Sponge (SPONGE) is a zero-tax memecoin inspired by, yet distinct from, the iconic cartoon character SpongeBob SquarePants. Its mission is to foster a vibrant community within the crypto sphere, centered around this beloved character, and “bestow upon the world the ultimate meme coin, crafted with a secret recipe, reminiscent of the coveted hamburger from the original cartoon.” Purportedly designed for those who missed the boat on previous meme coin surges, SPONGE offers a second chance to get in on the ground floor, poised for a potential price explosion.
The coin is singularly focused on fostering a robust community, with ambitious goals to propel its market capitalization to a staggering $1 billion, amass a substantial 100,000-strong holder base, and secure listings on premier “tier 1” exchanges, among other milestones. Following its direct listing on Uniswap, the memecoin garnered significant traction, swiftly gaining momentum in the aftermath of its launch.
SpongeBob’s price surged to an unprecedented peak on May 8, 2023, reaching an all-time high of $0.002394.
Sponge (SPONGE) is a highly speculative investment, and as such, investors are advised to exercise extreme caution before committing to any investment. It is imperative to conduct exhaustive research prior to making any investment decisions, thereby mitigating potential risks.
The Visionaries Behind Sponge (SPONGE): Meet the Founders
The enigmatic founders of Sponge (SPONGE) have chosen to maintain their anonymity, a path often trodden by the creators of memecoins. The team behind Sponge has refrained from disclosing their identities, leaving the possibility of future revelations uncertain.
Notwithstanding the anonymity of the SpongeBob team, they have been vigorously promoting the memecoin across various social media platforms, including Twitter, Telegram, and Discord. Furthermore, they have been actively engaging with the community, addressing queries, and providing insights into the project.
According to the SpongeBob team, the primary objective of Sponge is to offer a fresh opportunity to those who missed the meteoric rise of other memecoins, such as PEPE, allowing them to get in on the ground floor and capitalize on the anticipated price surge. The team asserts that Sponge boasts a robust community and a dedicated team that is diligently working to guarantee the project’s success.
Unveiling the Unparalleled Attributes of Sponge (SPONGE)
Sponge, a memecoin, has been garnering significant attention in the cryptocurrency realm. Its distinctive tokenomics model sets it apart from its peers in the memecoin sphere. Notably, out of a total supply of 40.4 billion tokens, Sponge has strategically allocated 61% towards decentralized exchange (DEX) liquidity, 29% towards unity, and 10% towards centralized exchange (CEX) listings.
One of Sponge’s distinguishing features is its innovative partnership with Tamadoge, a pioneering Web3 gaming project. This synergistic collaboration has culminated in a highly anticipated airdrop, sparking widespread excitement among crypto and Web3 aficionados.
Ultimately, Sponge draws inspiration from the beloved Nickelodeon cartoon, albeit without any official affiliation with Nickelodeon or SpongeBob SquarePants. This nostalgic connection renders it a highly relatable and recognizable meme, which may have contributed to its widespread appeal during the memecoin frenzy.
What Is the Circulating Supply of Sponge (SPONGE) Coins?
The total supply of SPONGE tokens is capped at 4.4 billion, with approximately 2.73 billion (61%) currently in circulation, as stated by the project.
The tokenomics of SPONGE are structured as follows: 61% is allocated for decentralized exchange (DEX) liquidity, 29% is reserved in a locked community wallet, and 10% is designated for centralized exchange (CEX) liquidity.
The project has also made a significant announcement, declaring that the contract has been renounced, and the inaugural wallet has been securely locked.
The Security Architecture of Sponge (SPONGE): A Robust Framework
Sponge (SPONGE) was launched on Ethereum, a blockchain network secured by a proof-of-stake consensus mechanism, where validators stake 32 ETH to facilitate transaction processing and ensure the integrity of the network.
Where to Acquire Sponge (SPONGE) Tokens?
For those seeking to acquire Sponge (SPONGE) at the prevailing market rate, the premier cryptocurrency exchanges for trading in SPONGE include Uniswap (V3), Gate.io, Poloniex, Bitget, MEXC, and several others.
Stay ahead of the curve with real-time SPONGE price tracking. Download the CMC mobile app to access live prices for SPONGE, BTC, and a wide range of other cryptocurrencies.
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Delve into the world of Bob (BOB), a popular memecoin inspired by the beloved Pepe.
Delve into our in-depth exploration of BRC-20 and the phenomenon of memecoins on the Bitcoin network.
Discover the essence of memecoins with CMC Glossary.
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