How to Buy SPONGE V2 in 2023 – A Simple Guide

$SPONGE was one of the biggest meme coins of 2023, exploding 100-fold with a market capitalization of nearly $100 million at its peak. Now $SPONGE is back with the V2 token, which promises to be bigger, better, and more absorbent.

If you want to get your hands on $SPONGE V2 before it’s released, you’ll need to stake your V1 tokens and link them to V2. You cannot purchase $SPONGE V2 on exchanges yet.

This guide will guide you through the following steps: How to purchase $SPONGE V2 Take a closer look at what’s in store for this hot meme project.

SPONGE V2 Selling Points

Here are the key things you need to know about the ongoing $SPONGE V2 sale:

• $SPONGE V2 will be released once the last remaining V1 supply sells out, which could happen within a few days.
• The only way to get $SPONGE V2 before launch is to permanently stake and lock V1 tokens.
• Investors who lock up V1 tokens will receive staking rewards in V2 tokens for the next four years.
• Investors who purchase and stake $SPONGE V1 tokens before they run out will receive a 100% purchase bonus in V2 tokens that can be claimed after launch.

How to Buy SPONGE V2 ($SPONGE) – Step by Step Guide

Let’s take a look at how to purchase $SPONGE V2 tokens before they are released on exchanges.

Step 1: Get a cryptocurrency wallet

Investors will need a cryptocurrency wallet compatible with ERC-20 tokens to obtain $SPONGE V2. We recommend using MetaMask because it is free, secure, and easy to use. Other ERC-20 cryptocurrency wallets also work.

Download the MetaMask browser extension or mobile app and create an account. It is important to set a strong password and store your seed phrase in a safe place.

Step 2: Buy ETH or USDT

To buy Ethereum (ETH) or Tether (USDT), visit a centralized cryptocurrency exchange. Investors will need to use one of these tokens to purchase $SPONGE on the project site.

After purchasing tokens, transfer them to your MetaMask wallet.

Step 3: Connect your wallet to SPONGE V2 website

Visit the SPONGE project site and click ‘Connect Wallet’. Follow the on-screen instructions to allow your wallet to connect.

Step 4: Purchase $SPONGE V1 Tokens

Investors must purchase $SPONGE V1 and stake it to link it to V2. There is currently no way to purchase $SPONGE V2 tokens directly.

Enter the amount of $SPONGE V1 you want to purchase with ETH or USDT. Then click ‘Buy’ to complete the transaction and add the tokens to your wallet.

Step 5: Stake $SPONGE V1 to the V2 bridge.

Click ‘Stake Tokens’ to stake your newly purchased V1 tokens into the SPONGE V2 smart contract. When you stake your V1 tokens in this smart contract, they are permanently locked. In return, investors will receive staking rewards in $SPONGE V2 tokens over the next four years.

Investors who purchase and stake $SPONGE V1 to connect to V2 will also receive a 100% purchase bonus. Bonuses paid in V2 tokens are equal to the amount spent in V1 tokens. You can claim bonus $SPONGE V2 tokens once all V1 tokens are sold out and V2 tokens are released.

Visit SPONGE V2 Sale

What is SPONGE V2?

$SPONGE is a meme coin based on the popular SpongeBob SquarePants characters and their friends from Bikini Bottom.

$SPONGE was originally launched in May 2023 and was an immediate success. Many cryptocurrency influencers, including Jacob Bury, have cited the token as having tremendous potential. From an initial market capitalization of $1 million, its market capitalization exploded to nearly $100 million within a few days of launch.

Unlike other explosive meme coins, $SPONGE has not lost popularity. According to DEXTools, the token’s current market cap is over $16 million and its community includes over 11,650 token holders.

It is listed on 10 cryptocurrency exchanges including LBank, MEXC, Poloniex, Toobit, CoinW, BTCEX, Gate.io, BitMart, Bitget, and BitKan.

$SPONGE also has a large social following. It has more than X 24,000 followers Telegram has nearly 8,000 subscribers.

The V2 token is an update to $SPONGE that will be issued as the project approaches selling out the remaining V1 tokens. The only way to obtain V2 tokens is to permanently lock the V1 tokens and slowly allow V2 to become the only token in the $SPONGE community.

According to the $SPONGE whitepaper, the new token will set the stage for future developments such as Play-to-Earn cryptocurrency gaming, Tier-1 listings on Binance and OKX, and further uptake.

SPONGE V2 Token Economics and Bridging

The launch of $SPONGE V2 is not your typical pre-sale.

Right now, the only way to get $SPONGE V2 tokens is to permanently stake and lock V1 tokens. Investors who stake V1 will be rewarded with V2 tokens over a period of 4 years according to variable APY.

That said, there are two ways to get $SPONGE V2:

• Existing Token Holders You can stake your $SPONGE V1 tokens into the V2 contract at any time.
• new investor You can purchase $SPONGE V1 tokens on the project website and stake them into the V2 contract. Investors who do this will receive a 100% purchase bonus in V2 tokens.

The $SPONGE V2 token will be released as soon as the project’s remaining V1 tokens are sold out, which is only a few days away. V2 staking rewards will begin upon launch and investors will be able to claim V2 tokens earned from their V1 purchase bonus.

The total supply of $SPONGE V2 is 150 billion. Supply is allocated as follows:

• Staking Rewards (43.09%)
• V1 Purchase Bonus (26.93%)
• P2E game development (4.47%)
• P2E Game Rewards (8.00%)
• CEX Liquidity (10.00%)
• marketing (7.50%)

Like the original $SPONGE, the V2 token is an ERC-20 token traded on the Ethereum network.

SPONGE V2’s future roadmap explained

There are several key milestones set by the $SPONGE team for the V2 token.

Additional CEX listings

Although $SPONGE is already listed on several centralized exchanges, the project is targeting some of the largest exchanges in the world. Specifically, we are targeting listing on Binance and OKX.

If $SPONGE were listed on these exchanges, it would be a huge sum. Binance recently listed two meme coins, $MEME and $BONK, both of which saw their prices skyrocket after a few days.

Play to Earn Games

The SPONGE team is also developing a play-to-earn racing game that will allow players to race around Bikini Bottom with Spongebob and his friends. The game can be played in free demo mode and paid mode. In paid mode, players have to pay $SPONGE to play and can earn more $SPONGE by climbing the game’s leaderboards.

The game is expected to be released in 2024, but no specific release date has been set yet.

Market cap: $100 million

$SPONGE is also targeting a market capitalization of $100 million, which it almost reached last spring. Listing on Binance and OKX could help achieve this goal, especially if the cryptocurrency market shows strength in 2024, as many analysts predict.

Why you should buy SPONGE V2

$SPONGE V2 follows in the footsteps of the V1 token and has the potential to generate profits of over 100x. This is a proven project with a huge following and clear plans for new developments.

First of all, investors who buy $SPONGE now can double their money thanks to the 100% purchase bonus. They get the best of both worlds: they receive rewards from V1 tokens, which are locked for the next four years, and they keep V2 tokens, which they can use to immediately profit from purchase bonuses.

It seems very likely that $SPONGE will achieve listing on Binance and OKX. Especially since Binance has listed several similar meme coins. Such a listing could easily push $SPONGE to a market cap of $100 million, nearly eight times higher than its current price.

Looking closer in the future, $SPONGE P2E games will be able to keep the community engaged and attract new audiences to the project. It is also expected that demand for $SPONGE will increase and the price will rise further.

Overall, there is a lot to like about $SPONGE V2, and it is at the top of our list of the best altcoins to buy in 2024.

SPONGE V2 Price Prediction – Forecast and Probability for $SPONGE

We are bullish on $SPONGE and believe this token has tremendous potential. It could surpass $100 million in market capitalization (already up 8x), joining the ranks of the biggest meme coins.

$PEPE’s current market cap is just over $540 million, which is our prediction for $SPONGE 12 months from now. This is a profit of almost 35 times the current $SPONGE price.

The token may grow even further in the coming years. The community surrounding this project is clearly passionate and it is not unrealistic to think that $SPONGE could be the next meme coin to break the $1 billion threshold.

conclusion

$SPONGE V2 promises tremendous advancements for the SPONGE community, including massive staking rewards, new play-to-earn games, and potential listings on Binance and OKX. The only way to get $SPONGE V2 is to buy V1 tokens and stake them to connect to V2.

Currently, new investors can double their investment with a 100% purchase bonus of V2 tokens. So don’t miss your chance to buy $SPONGE V2 before it’s officially released and you can soak in it.

Visit SPONGE V2 Sale

References

Frequently Asked Questions

What is $SPONGE?

$SPONGE is a meme coin built around the popular SpongeBob SquarePants character. It was launched in May 2023, and in the frenzy surrounding its launch, its market capitalization reached nearly $100 million. Now $SPONGE is back as a V2 token, which investors can only obtain by staking V1 tokens.

How to invest in $SPONGE V2?

Investors can purchase $SPONGE V1 tokens on the project website and then stake them in the new V2 contract. V1 tokens are permanently locked and provide V2 token rewards for the next four years. Investors will also receive a 100% purchase bonus paid in V2 tokens.

What is the market capitalization of $SPONGE?

$SPONGE currently has a market cap of $16 million with a community of over 11,650 token holders. The token reached an all-time high market capitalization of nearly $100 million in the spring of 2023.