The community for Sponge ($SPONGE), a popular meme coin that brought its early supporters returns of up to 10,000%, has voted to receive the project’s lucrative staking rewards instantly. This means all accrued staking rewards will be paid out to $SPONGE holders after the claim goes live on May 30, at 10AM UTC. Sponge polled its X followers between May 16 and May 21, asking the community to decide between accessing the large volume of staking rewards immediately, locking them for a month, or vesting the rewards linearly over either six months or a year. The logic for the community vote was explained in a follow-up post, and was mostly to do with price stability. It’s time to vote, #SPONGERS!!
