[//]:content-type-MARKDOWN-DONOT-DELETE **1 SpongeBob (SPONGE)Token Sale Result** The Gate.io Startup SpongeBob (SPONGE)sale result is as follows: SPONGE Startup Sale Amount: 76,687,116 SPONGE Total value of orders (in USDT): 69,516,840 USDT Total value of qualified orders (in USDT): 68,687,520 USDT Number of orders:20,223 Number of Qualified orders: 19,854 Percentage of qualified orders: 98.175344904317 % Percentage of succeeded purchases: 98.807022873882 % Number of participants: 20,223 Number of qualified participants: 19,854 Average qualified order value per user (in USDT): 3459.6313085524 USDT Average distribution value per user (in USDT): 2.5183842046943 USDT Average distributed SPONGE per user: 3862.5524327591 SPONGE F (distribution ratio) = 0.000727934273941 Per the previous announcement, all qualified orders will obtain the token on sale equally. To guarantee transparency and fairness, all original records are stored for possible third-party auditing. Attention: Most unqualified orders occurred due to insufficient balance in the user account. Please ensure there is sufficient balance (exceeding the purchasing value) for the order by UTC 09:00 A.M. The insufficient balance will result in the cancellation of the purchase order. **2 SPONGE Listing** We will commence SPONGE trading at May 12th, AM 10:00 UTC. The withdrawal service will be available afterwards. （1）Deposit SPONGE at:[https://www.gate.info/myaccount/deposit/SPONGE](https://www.gate.info/myaccount/deposit/SPONGE "https://www.gate.info/myaccount/deposit/SPONGE") （2）Trade SPONGE at:[https://www.gate.info/trade/SPONGE_USDT](（2）交易地址为：https://www.gate.info/trade/SPONGE_USDT "https://www.gate.info/trade/SPONGE_USDT") **3 Gate.io Startup Initial Offer** Gate.io Startup has become increasingly more popular among users, with an excellent performance since its launch. In 2020, Gate.io Startup Initial Offer has upgraded to version 2.0. We are providing more flexible and diversified services to attract more promising projects. At the same time, we are aiming at providing more protections to our users. If you are a project team and want to commence your initial token sale here, submit a request below. Apply at: [https://www.gate.io/listrequest](https://www.gate.io/listrequest "https://www.gate.io/listrequest") If you project has had initial token sale and wants to be listed at Gate.io, you may also apply to participate in our voting for listing activities. If you are our user and have a good project to recommend, please fill the application form and let us know. Let’s work together to boost the development of Gate.io and create more benefits to our users. Gate.io is a Cryptocurrency Trading Platform Since 2013 Top ranking, Trustworthy, Transparent [Sign up ]((https://www.gate.info/signup "Sign up ")to enter the crypto gateway and get 40% commission from [referrals](https://www.gate.info/referral "referrals") [Download iOS/Android App](https://www.gate.info/mobileapp "Download iOS/Android App") right now. Follow us on social Twitter：[https://twitter.com/gate_io](https://twitter.com/gate_io "https://twitter.com/gate_io") Telegram：[https://t.me/gate_io](https://t.me/gate_io "https://t.me/gate_io") Instagram：[https://www.instagram.com/gateioglobal](https://www.instagram.com/gateioglobal "https://www.instagram.com/gateioglobal") Medium：[https://medium.com/@gateio](https://medium.com/@gateio "https://medium.com/@gateio") Gate.io Team May 12th, 2023