Did you miss the $SPONGE 100x pump? Take another chance with Sponge V2 tokens

The success of the SpongeBob token ($SPONGE), which recorded an incredible 100x return during the May meme season, set the stage for the Sponge V2 token.

Investors interested in achieving similar returns are closely watching the progress of this recently introduced memecoin.

What is Sponge V2 ($SPONGEV2)?

Sponge V2 is an improved version of the original Sponge token and aims to improve the memecoin community experience by creating a more engaging environment. This upgrade contributes to the overall improvement of the Sponge brand by introducing unique staking methods and a fun play-to-profit system.

The transition from V1 ($SPONGE) to V2 ($SPONGEV2) is streamlined through a simple process, ensuring a smooth transition for the community. To kick off this journey, Sponge V2 is holding a pre-sale to give participants additional bonuses. Additionally, an automatic staking system is applied to simplify the overall experience.

In May 2023, despite difficult market conditions, $SPONGE showed resilience and performed well, gaining attention along with other popular memecoins. With this success, $SPONGE has rewarded its early supporters by achieving an impressive market valuation of nearly $100 million.

As a new bull market begins, the outlook for $SPONGEV2 looks positive and aims to become a reliable memecoin that is adept at navigating market dynamics through its utility and purpose.

Navigating V1 to V2 Transition – Sponge V2 Bridging, Staking and Claiming

Sponge is making a meaningful comeback as it evolves with increased utility from V1 to V2 by introducing a new ERC-20 token on Ethereum with stake-yields. Users switching from Sponge V1 to V2 will need to stake and withdraw their V1 tokens and re-stake them into the new V2 pool as the V1 staking pool will be terminated.

• current striker: Those who are currently staking $SPONGE must withdraw their V1 staking contract. Afterwards, you will need to stake these tokens in a V2 smart contract to guarantee a portion of the V2 tokens once they are released.

• current holder: Users who currently hold $SPONGE must stake it in the V2 smart contract to guarantee their portion when the V2 token is launched.

• New Buyer: If a user does not have tokens, they can earn $SPONGE through the website widget. Purchased tokens will be automatically staked in the V2 smart contract and you will have a stake when the V2 token is released.

Every V1 token sent to the V2 staking pool secures an equal amount of V2 tokens, earned at variable APY. The more V1 tokens you stake, the more V2 tokens you earn. Staked V1 tokens are permanently locked in the V2 staking pool and cannot be withdrawn or sold.

These V1 tokens will continuously accumulate V2 tokens over the next four years. At the end of the staking period, users can request Sponge V2 tokens through the website. Specific dates and times will be communicated via social media channels in due course.

Sponge V2 introduces a unique Stake-to-Bridge token bridging method.

Sponge V2 makes cryptocurrency staking more accessible. Simply put, staking means sending tokens to a smart contract and locking them for a predetermined period of time, usually with the goal of accumulating more of the same tokens.

welcome to $sponge 🔥🚀🧽#sponge #bull market #AltSeason pic.twitter.com/ewWpsImPaA

— $SPONGE (@spongeoneth) December 21, 2023

When Sponge V2 is launched, individuals who stake one token ($SPONGE) will be rewarded with another token ($SPONGEV2). Notably, support for Sponge V1 will be discontinued after the release of Sponge V2 and a unique token bridging method called Stake-to-Bridge will be introduced.

What V1 Stakers Need to Know About Sponge V2

Since this method of converting to a new token is rare in the cryptocurrency space, it is important to highlight the following key points about the linking process from Sponge V1 to Sponge V2:

• Exclusive Releases: $SPONGEV2 acquisition is only possible through $SPONGE staking.

• Staking Bonuses: Staking $SPONGE guarantees you a reserve of $SPONGEV2.

• Permanent V1 lock: Staked $SPONGE will undergo permanent locking with the planned phasing out of V1 tokens following the launch of V2.

• Passive V2 Rewards: Keep your $SPONGE tokens staked to grow your holdings for 4 years, starting with a minimum APY of 40%.

Sponge V2 Featuring P2E Games for Exciting Token Rewards

Sponge V2 is adding exciting features to its new token, including the team’s development of unique play-to-earn games. The game aims to increase fun and engagement within the Sponge ecosystem, allowing users to earn $SPONGEV2 tokens by actively participating and securing positions on the leaderboard.

The upcoming Sponge P2E game will be available in both free and paid versions. Users can choose the free version for recreation or use $SPONGEV2 tokens to earn game credits in the paid version. These credits allow users to play and earn additional SPONGEV2 tokens.

$SPONGEV2’s expanded utility allows holders to earn more tokens in-game and provides significant value to the Memecoin community.

More details about the game will be shared across social media channels as we get closer to release. If you’re looking for other investment opportunities, check out our list of the best cryptocurrency ICOs to consider.

Sponge V2 Roadmap and Token Economics

Examining Sponge V2 token economics reveals strategic allocation. 7.5% to marketing, 4.47% to game development, 8% to play-to-earn rewards, 10% to centralized exchange liquidity, 26.93% to $SPONGE connections and a significant 43.09% to staking rewards. This distribution presents a well-crafted plan for sustainable growth.

Sponge V2’s roadmap unfolds with key milestones including announcements, staking launch, game development initiatives, and possible listing on Tier 1 exchanges. The most important goal is to absorb liquidity and establish dominance in the cryptocurrency space.

Promotion and Community Engagement

The Sponge V2 team has a proven history of success, effectively marketing the original Sponge token to a $100 million market cap under difficult circumstances. Using well-established strategies, their goal is to expand their user base and community.

The goal is to leverage the existing Sponge token community to attract thousands of new holders and expand our social media presence. With a dedicated marketing budget, the team uses a variety of strategies to increase the success of Sponge V2. To participate in the pre-sale, visit Sponge.vip.

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