Sponge (SPONGE) is a zero-tax memecoin derived from, but not affiliated to, 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 to Buy $SPONGE on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing $SPONGE. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing $SPONGE.
Step 5: Purchase $SPONGE
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of $SPONGE you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy $SPONGE.
Step 6: Store Your $SPONGE
After purchasing, you can choose to store your $SPONGE in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and $SPONGE assets, be sure to use a strong password and enable two-factor authentication.
$SPONGE Price:Welcome to SpongeV2, the reboot and evolution of the original Sponge token! SpongeV2 will combine the fun and engagement of our dedicated meme coin community with unique staking mechanisms and new Play-to-Earn games, taking the Sponge brand to a new level.The price fluctuates daily, you can go to the exchange: Bybitto check the price.
Recommended Similar Coins: BONK、PEPE