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The $SPONGE Airdrop Just Distributed $100K To 747 Spongebob Participants – Here’s Why
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Tuesday, November 7, 2023 – The much-awaited Sponge token ($SPONGE) Season 1 airdrop dropped today, in a move that saw around $100K distributed between participants.
The competitive Season 1 airdrop enticed more than 20,000 active participants to compete in a series of Sponge challenges tied to engagement, trading and $SPONGE token holding.
Participants were able to accrue both holding points (H Points) based on the quantity of $SPONGE held in wallets, alongside trading points (T Points), which rewarded high $SPONGE trading volume on Uniswap.
The combined total points score (H Points + T Points) was then converted into an equivalent amount of $SPONGE tokens distributed in the airdrop.
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