Sponge V1($SPONGE) Token Swap

Important information

Our V1 Snapshot will be taken on the 5th of February at 11pm UTC, $SPONGE V1 will then immediately be discontinued.

Follow this thread to migrate your Decentralised and Centralised tokens to V2 before it's too late!

Centralised Holders

Centralised holders should withdraw their $SPONGE tokens to stake before the snapshot deadline. Enabling them to receive additional tokens through staking rewards.

Centralised holders who do not stake will also be entitled for the swap but the ratio is 1:1.

Centralised Deposits, Trading and Withdrawals have been requested to suspended on the 4th of February at 11pm UTC. 24 hours before the snapshot.

Upon V2 token claim, CEX tokens will be swapped for V2 and Deposits, trading and withdrawals will resume at previous V1 price.

Decentralised holders

Decentralised holders should stake before the snapshot deadline. Enabling them to receive additional tokens through staking rewards.

Staked holders will be able to claim V2 tokens once the SPONGE V2 presale ends and claim goes live through the SPONGE website.

Holders who do not stake will also be entitled to claim SPONGE V2 at a ratio of 1:1.

Unstaked decentralised holders will be able to claim V2 tokens once the SPONGE V2 presale ends and claim goes live through the SPONGE website.

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