[//]: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. Gateway to Crypto Trade over 1,700 cryptocurrencies safely, quickly, and easily on Gate.io Download Gate.io [App](https://www.gate.io/mobileapp?ch=ann28618 "App") / [Web](https://www.gate.io/mobileapp "Web") Client now>>> Follow us on [Gate.io X (Twitter)](https://twitter.com/gate_io "Gate.io X (Twitter)") to get more bonuses>>> Join our [Telegram](https://t.me/gateio_en "Telegram") to discuss hot topics>>> Join our [Global Community](https://www.gate.io/community "Global Community") to get more updates>>> We provide [100% proof of reserve](https://www.gate.io/proof-of-reserves "100% proof of reserve")>>> [Sign up](https://www.gate.io/signup "Sign up") to enjoy max. $6666 in rewards exclusively for new users Get 40% commission from [referrals](https://www.gate.io/referral "referrals") Gate.io Team March 28th, 2024