Announcements Gate.io’s Updates on the Progress of SpongeBob (SPONGE) Token Migration

Gate.io’s Updates on the Progress of SpongeBob (SPONGE) Token Migration

2024-03-28 08:35:32 UTC 23342 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
According to [the SpongeBob (SPONGE) team](https://x.com/spongeoneth/status/1754093839579521329?s=20 "the SpongeBob (SPONGE) team"), the SpongeBob (SPONGE) token will be swapped for the new one at a 1:1 ratio based on the snapshot taken on February 5, 2024, 23:00 UTC. [Gate.io](https://www.gate.io "Gate.io") has suspended the deposit, withdrawal, and trading services of SpongeBob (SPONGE) at the request of the project team. For details, please refer to [Gate.io Suspends SpongeBob (SPONGE) Deposit, Withdrawal, and Trading](https://www.gate.io/article/34422 "Gate.io Suspends SpongeBob (SPONGE) Deposit, Withdrawal, and Trading").

Currently, the SPONGE project team has not provided specific details regarding the token swap, but we will closely monitor its progress. You can also stay updated by following the project team's announcements on this matter. If there are any updates, we will announce and notify accordingly. Thank you for your understanding and support.

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Gate.io Team
March 28th, 2024

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