Sponge Token Airdrop Season 1: Over $100k Distributed to Participants
Sponge token ($SPONGE) Season 1 airdrop took place on November 7, 2023, with more than 20,000 active participants competing for their share of around $100K worth of $SPONGE tokens. The airdrop was tied to a series of Sponge challenges, including engagement, trading, and $SPONGE token holding.
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Success of Sponge Series 1 Airdrop
The top 3 winners of the competitive Season 1 airdrop emerged as major players in the competition. The first place participant managed to accrue an impressive 41M total points, valued at $6,104, establishing themselves as a major whale in the lucrative competition. The second place participant secured 10M total points, valued at $1151, while the third place participant gained 7M total points, with a value of $1053. The fair distribution of more than 833,000,000 ensured that all 747 participants received a share in the $100k airdrop, demonstrating the project’s grassroots ethos.
Transparency and Next Steps
All airdrop transactions are trackable on Etherscan, providing complete transparency as Season 1 comes to a close. $SPONGE holders can look forward to the next airdrop, teased for Season 2 next year. To stay informed, it’s recommended to follow the $SPONGE Discord channel, Telegram group, and X account for the latest updates.
Successful Launch of $SPONGE Staking
The airdrop distribution follows the recent launch of $SPONGE staking, which attracted over 11,000 Sponge token holders. The staking APY % is set at a variable rate that adjusts in real-time to the quantity of $SPONGE staked through the dashboard, with the current staking yield standing at an attractive 724% APY. Staking lock-up periods offer various opportunities, with a minimum 7-day lock-up period providing standard APY rates. Longer lock-up periods of 30, 60, and 90 days offer increased rewards for committed holders.
Important Disclaimer
It’s essential to acknowledge that crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. As with all investments, there is a risk of losing all capital.
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