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The Sponge project has revealed the details of the branding of meme tokens

Forklog / 29.05.2024 / 11:27
The Sponge project has revealed the details of the branding of meme tokens

The accumulated rewards for Sponge V2 staking will be available for instant branding on May 30 at 13:00 (Kiev/Moscow time). This was reported to ForkLog by representatives of the project.

"This means that all the staking rewards will be immediately paid to Sponge V2 holders," commented the Sponge team.

In May, the developers announced the launch of Sponge V2 staking on Polygon and conducted a survey on the distribution of rewards. The majority of participants (85.5%) voted for instant branding. 

The new version of Sponge can be claimed by users who:

we purchased Sponge V2 via the pre-sale widget on the project website;Sponge V1 was transferred to Polygon before February 5, 2024;We got to the snapshot on February 5 after the release of Sponge V1 was discontinued. 

The last group will receive an equivalent number of V2 tokens without staking rewards. Centralized exchanges automatically convert Sponge V1 to the second version on Polygon.

Sponge is a meme token launched in May 2023 on the Ethereum network. The asset is traded on Poloniex, Bitget, MEXC and other centralized exchanges, as well as on DEX Uniswap. In the near future, the developers plan to release a P2E Sponge game.

Earlier, the participants of the ForkLog All Time Half conference told how the network of the future will look and what will change for users and entrepreneurs with its arrival.

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