How and Where to Buy Sponge ($SPONGE) #Sponge $Sponge #$SPONGE $$SPONGE #btc #crypto #cryptocurrencies #cryptobuyingtips #blockchain #binance #cryptotrading

Buy $SPONGE today on GATEIO(
https://go.cryptobuyingtips.com/gateio). ## What Is Sponge (SPONGE)?

Sponge (SPONGE) is a zero-tax [memecoin](
https://coinmarketcap.com/alexandria/glossary/memecoin)">
https://coinmarketcap.com/alexandria/glossary/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](
https://coinmarketcap.com/alexandria/glossary/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](
https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) liquidity, 29% towards unity, and 10% towards [CEX](
https://coinmarketcap.com/alexandria/glossary/centralized-exchange-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.

### Related Pages:

Check out [Pepe (PEPE)](
https://coinmarketcap.com/currencies/pepe/) — the popular memecoin based on the Pepe meme.

Learn more about [Turbo (TURBO)](
https://coinmarketcap.com/currencies/turbo/) — the memecoin created using ChatGPT.

Find out more about [Bob (BOB)](
https://coinmarketcap.com/currencies/bob1/) — another popular memecoin related to Pepe.

Read our [deep dive into BRC-20](
https://coinmarketcap.com/alexandria/article/what-are-brc20-tokens) and memecoins on Bitcoin.

Learn about what [memecoins](
https://coinmarketcap.com/alexandria/glossary/memecoin)">
https://coinmarketcap.com/alexandria/glossary/memecoin) are with CMC Glossary.

Get the latest crypto news and trading insights with the [CoinMarketCap education portal](
https://coinmarketcap.com/alexandria). />
## How Many Sponge (SPONGE) Coins Are There in Circulation?

The total supply of SPONGE is 4.4B SPONGE tokens, of which around 24.6B (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](
https://coinmarketcap.com/currencies/ethereum/), which is secured by a [proof-of-stake](
https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) 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)](
https://coinmarketcap.com/exchanges/uniswap-v3/), [Gate.io](
https://coinmarketcap.com/exchanges/gate-io/), [Poloniex](
https://coinmarketcap.com/exchanges/poloniex/), [Bitget](
https://coinmarketcap.com/exchanges/bitget/), [MEXC](
https://coinmarketcap.com/exchanges/mexc/) and more.

Want to keep track of SPONGE price in real-time? Download the [CMC mobile app](
https://coinmarketcap.com/mobile/) to get the live price of SPONGE, BTC and other cryptocurrencies.


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