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Sponge V2 meme token branding will take place on May 30th

ForklogΒ /Β 24.05.2024 / 12:47
Sponge V2 meme token branding will take place on May 30th

More than 85% of the participants in the survey on the distribution of rewards for betting Sponge meme tokens voted for instant branding. The project team announced this in X.

πŸš€ #SPONGERS, the votes are in! πŸš€

A whopping 85.5% of our community voted for instant claim! As promised, we’ll honour your choice.πŸ™Œ

All $SPONGE tokens will be available for instant claim on Thursday, 30th of May at 10AM UTC ⏰

Get ready to absorb the damp! πŸ§½πŸ’¦ #SpongeV2 pic.twitter.com/cbxsSitUdx

β€” $SPONGE (@spongeoneth) May 21, 2024

Tokens will be available for branding on May 30 at 13:00 (Kiev/Moscow time).

At the beginning of the month, the creators of the meme token announced the launch of Sponge V2 staking. From May 16 to May 21, the Sponge team conducted a survey in X on the distribution of remuneration.

"Instant branding will allow you to immediately receive all the rewards for staking. Keep in mind that this can lead to high volatility due to an increase in supply and an unstable price increase," the representatives of the project warned during the survey.

Sponge is a meme token launched in May 2023 on the Ethereum network. In February 2024, the project migrated to Polygon. In the coming weeks, the developers plan to release the Sponge P2E game.

Earlier, Synthetix founder Kane Warwick called meme tokens a "valuable" tool for DEX.

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