Crypto

Sponge Crypto: A Memecoin with a Twistb

What is Sponge Crypto?

Sponge Crypto is a cryptocurrency that was launched in April 2021 as a memecoin inspired by the popular cartoon character SpongeBob SquarePants. It claims to be the “best meme coin made according to a secret recipe, like the hamburger in the original cartoon.” Sponge Crypto has a total supply of 40.4 billion tokens, of which 61% are allocated to decentralized exchange (DEX) liquidity, 29% to unity, and 10% to centralized exchange (CEX) listing.

Sponge Crypto aims to create a community of fans and enthusiasts around the SpongeBob theme and to provide them with an opportunity to benefit from the price explosion of memecoins. Sponge Crypto also has a charitable aspect, as it plans to donate 1% of its profits to animal shelters and wildlife conservation.

How does Sponge Crypto work?

Sponge Crypto works by using a combination of tokenomics and features that make it different from other memecoins. Some of these features are:

  • Burn mechanism: Sponge Crypto has a burn mechanism that reduces the circulating supply of tokens over time. Every transaction of Sponge Crypto triggers a 2% burn fee, which is sent to a dead wallet and permanently removed from circulation. This creates scarcity and increases the value of the remaining tokens.
  • Reflection mechanism: Sponge Crypto also has a reflection mechanism that rewards its holders for holding the tokens. Every transaction of Sponge Crypto triggers a 2% reflection fee, which is distributed among all the holders proportionally to their token balance. This creates passive income and incentivizes holding.
  • Revenue generation: Sponge Crypto also has various revenue generation methods that create additional income for the token and its holders. Some of these methods are:
    • NFTs: Sponge Crypto creates and sells non-fungible tokens (NFTs) that are based on popular memes, celebrities, or influencers. The profits from the NFT sales are used to buy back and burn more Sponge Crypto tokens.
    • Staking: Sponge Crypto allows its holders to stake their tokens and earn interest in stablecoins or other cryptocurrencies. The staking rewards are paid from the fees collected from the transactions on the Sponge Crypto platform.
    • Yield farming: Sponge Crypto allows its holders to provide liquidity to decentralized exchanges (DEXs) and earn fees from the trading volume. The liquidity providers can also earn additional rewards in Sponge Crypto tokens or other cryptocurrencies.
    • Nodes: Sponge Crypto plans to acquire nodes from other blockchain projects that generate revenue from validating transactions or providing services. The revenue from the nodes will be used to buy back and burn more Sponge Crypto tokens.

What is the current price of Sponge Crypto?

The current price of Sponge Crypto as of August 14, 2023 is $0.00011857 USD, with a 24-hour trading volume of $106,767 USD. Sponge Crypto has experienced a 1.7% increase in the past 24 hours, and a 2.3% increase in the past 7 days. The current market cap of Sponge Crypto is not available, as the circulating supply of Sponge Crypto tokens is not reported. The fully diluted market cap of Sponge Crypto is $4,809,743 USD, assuming all 40.4 billion tokens are in circulation.

Where can you buy or trade Sponge Crypto?

Sponge Crypto can be bought or traded on several cryptocurrency exchanges, both centralized and decentralized. Some of the most popular exchanges where you can buy or trade Sponge Crypto are:

  • Uniswap: Uniswap is a decentralized exchange that allows you to swap any ERC-20 token (including Sponge Crypto) with any other ERC-20 token without intermediaries or registration. You can use Uniswap to trade Sponge Crypto with ETH (Ethereum) or any other token on the Ethereum network.
  • LBank: LBank is a centralized exchange that offers low fees, high liquidity, and multiple trading pairs for Sponge Crypto. You can trade Sponge Crypto with USDT (Tether) or ETH on LBank.
  • Bitrue: Bitrue is another centralized exchange that supports Sponge Crypto trading. You can trade Sponge Crypto with USDT or XRP (Ripple) on Bitrue.
  • Quickswap: Quickswap is another decentralized exchange that operates on the Polygon network, which offers faster and cheaper transactions than Ethereum. You can use Quickswap to trade Sponge Crypto with MATIC (Polygon) or any other token on the Polygon network.

Conclusion

Sponge Crypto is a cryptocurrency that was launched in April 2021 as a memecoin inspired by the popular cartoon character SpongeBob SquarePants. It claims to be the “best meme coin made according to a secret recipe, like the hamburger in the original cartoon.” Sponge Crypto has a total supply of 40.4 billion tokens, of which 61% are allocated to decentralized exchange (DEX) liquidity, 29% to unity, and 10% to centralized exchange (CEX) listing. Sponge Crypto aims to create a community of fans and enthusiasts around the SpongeBob theme and to provide them with an opportunity to benefit from the price explosion of memecoins. Sponge Crypto also has a charitable aspect, as it plans to donate 1% of its profits to animal shelters and wildlife conservation. Sponge Crypto works by using a combination of tokenomics and features that make it different from other memecoins, such as a burn mechanism, a reflection mechanism, and various revenue generation methods. The current price of Sponge Crypto as of August 14, 2023 is $0.00011857 USD, with a 24-hour trading volume of $106,767 USD. Sponge Crypto can be bought or traded on several cryptocurrency exchanges, both centralized and decentralized. Sponge Crypto is a memecoin with a twist that you should check out if you love SpongeBob or want to join the memecoin craze.

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