Now that Sponge is bridging from V1 to V2, people have more than a few reasons to stay invested in this token. Not to mention relationships with tier-one exchanges, a huge marketing budget, and a proven ability to create hype and FOMO. The only way to buy Sponge V2 is by staking and bridging Sponge V1 tokens. The process takes less than 10 minutes from start to finish.
Sponge 2 aims to be listed on all of the aforementioned exchanges. Considering its huge global community and increased public exposure, Sponge 2 has every chance of achieving this goal. Put simply, Sponge V2 is the next chapter of the original Sponge. Similar bitcoin price prediction forecast to V1, Sponge V2 will rely on its community-building and marketing expertise. It will create similar, if not even greater levels of hype and FOMO. This means partnering with leading crypto news publications, influencers, and Reddit communities.
This meme project has a huge social following and a devoted community of token holders that’s likely to make the V2 launch an event to remember. Plus, $SPONGE could shoot even higher when it lists on Binance and OKX or when it launches its new play-to-earn game. Those without Sponge V1 can complete the investment process by swapping Ethereum or Tether.
- After completing the purchase, the coins will be added to your MetaMask wallet automatically.
- The process takes less than 10 minutes from start to finish.
- The moment the $SPONGE V2 coin releases, users will be able to claim these bonus tokens.
- Sponge V2 is a new meme coin, backed by the original Sponge team.
- It indicates that a new community has already started to form around this token.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. In conclusion, this guide has addressed everything investors need to know when purchasing Sponge V2 Token. The information on this website is for educational purposes only, and investing carries risks. Always do your research before investing, and be prepared for potential losses.
Gripped by the memecoin fever, people came in droves, investing in whatever memecoins they found appealing. Sponge, with its quirky look and whacky inspiration, was one of the key tokens that got people’s attention. Basically, it is a new name for stake-to-earn, except that a different type of token will be rewarded to you in exchange for staking tokens. Learn more about how crypto prices are calculated on CoinGecko.
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Go to SPONGE V2 website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard. Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into $SPONGE. Update – $SPONGE has also now been listed on multiple centralized exchanges, including Gate.io, CoinW, Bitget, MEXC, Toobit, Poloneix, BingX, and Orange X. Here is the complete guide that explains how one can buy $SPONGE tokens. Buy $SPONGE tokens and stake them on our website to earn #SpongeV2.
How To Buy Sponge Crypto Token – V1 And V2 Upgrade
26.93%, or 40.4 billion $SPONGEV2 tokens, will be available to early investors. The balance will be allocated to staking income, CEX liquidity, marketing, game development, and play-to-earn rewards. Sponge V2 operates on the Ethereum blockchain, meaning it can be cryptocurrency trading in 2021 stored in the best ERC-20 wallets. It has a larger token supply than the original $SPONGE and offers staking rewards to anyone who bridges to V2 from the V1 token. Right now, investors who buy $SPONGE and bridge to the V2 token will earn a 100% purchase bonus.
It aims to “absorb all the damp”, which is the project’s way of saying that it intends to absorb all the liquidity held by the leading memecoins in the market. This includes Bitcoin’s next halving event, plus the expectation of a Bitcoin ETF approval from the SEC. After all, when Bitcoin enters a bullish cycle, significant amounts of capital flow into meme coins. This is exactly what happened during the prior bull cycle, with Shiba Inu increasing by millions of percent from its initial listing price. The Sponge team has proven its ability to secure large-scale exchange listings.
If you already have one of these coins in your MetaMask wallet, move to the next step. Sponge V2 won’t be running an initial coin offering (ICO), presale, or any other conventional fundraising campaign. On the contrary, the only way to buy Sponge 7 reasons – you shouldn’t buy bitcoin cryptocurrency V2 is via its stake-to-bridge model. The developers behind $SPONGE are hard at work on a new play-to-earn game that will let players race around Bikini Bottom as Spongebob and friends. The game will offer both a free mode and a play-to-earn mode.
$100 Million Market Cap
With Sponge V2, investors have a second chance to make gains. The way stake-to-bridge has been designed is akin to a crypto presale. And the more hype gets built, there more there is a potential for stakers to make early moving gains.
Tokenomics and Stake-to-Bridge Model
Those interested in this project should consider going to sponge.vip and buying Sponge tokens to stake them. Back then, it was the memecoin mania that sustained its growth. It resulted in the token moving past the $100 million market capitalization. Sponge first went live on Uniswap and is now available on multiple exchanges. However, now that the token is bridging to Sponge V2, it is important for investors to learn to take advantage of the novel stake-to-bridge model.
The development team hasn’t yet announced a launch date for the game, but it’s expected to go live in 2024. The team behind $SPONGE has set several ambitious goals for the V2 token. According to the $SPONGE whitepaper, $SPONGE V2 is designed to be “bigger, better, and more absorbent” than the original $SPONGE.
When $SPONGE V2 launches, these locked tokens will generate staking rewards paid in V2 tokens to the connected crypto wallet. Buying $SPONGE V1 tokens through the project site qualifies investors for a 100% purchase bonus in V2 tokens. Enter the amount of V1 tokens to buy in ETH or USDT, then click ‘Buy’ to complete the purchase. The tokens will automatically be sent to the connected crypto wallet. $SPONGE V2 is a meme coin with explosive potential heading into the 2024 crypto bull market.
Experts believe in this fact since it is less likely that Sponge V2 will wait for long before going live on any cryptocurrency exchange after arrival. There might be some drop-off if unstakers move to quickly cash out their gains. However, given that Sponge V2 also has a long-term staking perk, early investors may compound their gains even further. Sponge V2 is coming at a time when the new bull market is potentially coming. We also offer an insight into its novel stake-to-bridge model that will give you access to Sponge V2, a new crypto with multiple upsides.
Click “Stake” to start staking the newly acquired V1 tokens after the transaction is complete. For a duration of four years, investors will receive regular staking rewards in $SPONGE V2 tokens; however, these tokens will be permanently locked. The current bullish wave that the entire market has been going through make it a good time to invest in memecoins. Sponge has already proved that it can make parabolic gains for early movers.
Once you buy $SPONGE tokens, they will be automatically staked. After the bridge is complete, you will get an equivalent number of $SPONGEV2 tokens. The roots of a memecoin are steeped with the feeling of community.