The Sponge (SPONGE) token is a cryptocurrency operating on the Binance Smart Chain (BSC) as a BEP-20 token. Designed to function within a decentralized financial payment network, it aims to rebuild traditional payment systems using blockchain technology. This guide provides a detailed overview of its market performance, technical details, and essential data for potential investors and enthusiasts.
Understanding Sponge (SPONGE) Token Basics
Sponge (SPONGE) is a utility token that facilitates transactions within its native ecosystem. It leverages the Binance Smart Chain's efficiency, offering lower transaction fees and faster processing times compared to some other networks.
- Token Type: BEP-20 Utility Token
- Native Blockchain: Binance Smart Chain (BSC)
- Total Supply: 1,000,000,000 SPONGE
- Circulating Supply: 1,000,000,000 SPONGE
- Contract Address:
0x841bB2176c340AD6838c319981498Ab6e99aB0C9
The token was deployed on June 26, 2025, and has a fixed supply, meaning no new tokens will be created.
Sponge (SPONGE) Market Performance and Statistics
Tracking the key market metrics is crucial for understanding any cryptocurrency's current standing. Please note that the following data is dynamic and can change rapidly based on market conditions.
- Current Price: Data fluctuates; check live charts for the latest value.
- 24-Hour Trading Volume: Varies based on exchange activity.
- Market Capitalization: Determined by the current price and circulating supply.
- All-Time High/Low: Market-dependent; historical data is available on tracking platforms.
- 24-Hour Price Change: Subject to constant market movement.
For the most accurate and real-time price information, it is essential to consult a live data aggregator. 👉 Check real-time token metrics and charts
The Binance Smart Chain (BSC) Ecosystem
Sponge operates on the Binance Smart Chain, a blockchain known for its high throughput and compatibility with the Ethereum Virtual Machine (EVM). BSC has become a popular choice for developers due to its:
- Scalability: Ability to handle a high number of transactions per second.
- Low Fees: Significantly lower transaction costs compared to many other networks.
- Interoperability: Easy porting of projects from Ethereum and other EVM-compatible chains.
- Vibrant Ecosystem: A large and active community of developers, users, and decentralized applications (dApps).
This robust infrastructure provides the foundation for tokens like Sponge to operate efficiently.
How and Where to Buy Sponge (SPONGE)
The primary method for acquiring Sponge (SPONGE) tokens is through decentralized exchanges (DEXs) that support BEP-20 tokens on the Binance Smart Chain.
The most active exchange for SPONGE trading is PancakeSwap (V2). To purchase tokens, users typically connect a Web3 wallet like MetaMask or Trust Wallet to the exchange interface and swap another cryptocurrency, such as BNB or BUSD, for SPONGE.
Always ensure you are interacting with the correct and verified smart contract address to avoid scams.
Sponge (SPONGE) Token Holders and Distribution
A token's holder distribution can provide insights into its decentralization and potential market stability. The Sponge token currently has a base of 35 holders.
The distribution shows a concentration among the top wallets, which is common in many early-stage crypto projects. The largest holder possesses a significant percentage of the total supply. Potential investors often monitor such distributions to assess the risk of large sell-offs (whale activity) that could impact the token's price.
Evaluating the Safety of Sponge (SPONGE)
When considering any cryptocurrency, conducting thorough due diligence is paramount. Key safety aspects to research include:
- Smart Contract Audit: Has the contract code been reviewed by a reputable third-party auditing firm? The results of such an audit can highlight potential vulnerabilities.
- Liquidity Pool Health: The amount of liquidity locked in trading pairs can indicate project legitimacy and reduce the risk of price slippage.
- Developer Activity and Transparency: Is the development team public and communicative? Regular updates and a clear roadmap are positive signs.
- Community Sentiment: Engaging with the project's community on platforms like Twitter and Reddit can provide valuable qualitative insights.
Always remember the golden rule of investing: never allocate more than you are willing to lose.
Frequently Asked Questions
What is the current price of Sponge (SPONGE)?
The price of Sponge (SPONGE) is highly volatile and changes continuously based on market supply and demand. For the most precise and up-to-date pricing, you should check a live cryptocurrency price tracking website.
How can I safely purchase Sponge (SPONGE) tokens?
The safest way to purchase is through a reputable decentralized exchange like PancakeSwap. Ensure your wallet is connected to the Binance Smart Chain network and that you are using the official contract address to initiate the swap.
What is the total supply of SPONGE?
The total and circulating supply of Sponge (SPONGE) is capped at 1,000,000,000 tokens.
Where can I find the official Sponge (SPONGE) contract address?
The official BEP-20 contract address for Sponge is 0x841bB2176c340AD6838c319981498Ab6e99aB0C9. Always double-check this address from multiple official sources before any transaction.
What is the typical process for researching a new token?
A robust research process involves checking its smart contract audit status, reviewing liquidity pool locks, analyzing the tokenomics and whitepaper, assessing community activity on social media, and verifying all official links. 👉 Explore advanced market analysis tools
Are there any known risks associated with this token?
As with any cryptocurrency, especially those in early stages, there are inherent risks including high volatility, potential smart contract vulnerabilities, and market manipulation. Extensive personal research is strongly advised.