Investors flocked to Sponge V2 Meme Crypto due to the launch of its unique Stake-to-Bridge mechanism.

adminJanuary 7, 2024

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Sponge V2, an upgraded version of the $SPONGE meme coin, is making waves as it nears launch, with some suggesting it could potentially deliver 10x returns.

You may be familiar with the original $SPONGE token, which has achieved notable success since its launch in May 2023. Investors have been eager to acquire the token due to the potential for significant returns, and Sponge V2 appears ready to follow a similar path.

Connecting a unique ‘Stake-to-Bridge’ mechanism to the original $SPONGE ecosystem, Sponge V2 provides both new and current investors with the opportunity to capitalize on the renewed interest in meme coins.

Key insights into the ongoing $SPONGE V2 sale and token conversion

Here are the key details you need to know about the ongoing Sponge V2 sale: The launch of $SPONGEV2 is dependent on the depletion of remaining Sponge V1 supplies, a scenario expected to unfold within a few days.

To earn $SPONGEV2 before the official launch, individuals will need to permanently stake and lock their V1 tokens. Those who choose to lock up their V1 tokens will receive staking rewards in the form of V2 tokens over the next four years.

Additionally, investors who purchase and stake Sponge V1 tokens before they are depleted will receive a purchase bonus of 100% of V2 tokens, redeemable after official launch.

Step-by-Step Guide: How to Earn $SPONGEV2 Tokens through Staking and Bridging

To obtain Sponge V2, investors must have a cryptocurrency wallet compatible with ERC-20 tokens. We recommend MetaMask because it is free, secure, and offers user-friendly features, but other ERC-20 wallets are also suitable. Subsequent steps include funding your wallet with Ethereum (ETH) or Tether (USDT).

Earn $ETH or $USDT on major cryptocurrency exchanges, which are the cryptocurrencies accepted on the Sponge V2 website. Go to the Sponge V2 website and follow the on-screen instructions to select ‘Connect Wallet’ to set up the connection.

🚀 Did you miss the 100x success of Sponge V1?
With a larger campaign #SpongeV2, we are back stronger than ever! 💪
Hurry up and secure your stake $sponge Token today! 🔥$sponge #Cryptocurrency #Crypto Staking pic.twitter.com/QIo0RMz4LT
— $SPONGE (@spongeoneth) January 6, 2024

Currently, $SPONGEV2 tokens cannot be purchased directly, so investors must purchase Sponge V1 and stake it to connect to V2. Specify the total investment amount and click ‘Buy’ to complete the transaction and add tokens to your wallet.

Select ‘Stake Tokens’ to stake your newly acquired V1 tokens into the Sponge V2 smart contract and automatically send them to the staking pool. This marks the start of staking rewards being paid out on Sponge V2 over the next four years. After the stake-to-bridge process is completed, Sponge V2 tokens will be received and announced on social media at the appropriate time.

Check out the video above to get a thorough understanding of the $SPONGEV2 presale, and subscribe to his YouTube channel for more cryptocurrency-related content. Jacob Crypto Bury also operates a Discord server with 20,000 members, providing users with trading insights and information on upcoming cryptocurrency presales.

SPONGEV2’s Monetization Stake-to-Bridge Protocol and Crypto Gaming Expansion

The upgrade introduces an innovative ‘Stake-to-Bridge’ protocol, allowing $SPONGE holders to earn returns in the form of $SPONGEV2. Current returns amount to 402% per annum and there are already over 4 billion $SPONGE tokens staked.

Sponge V2 Upgrade is taking a strategic approach targeting the cryptocurrency gaming space and plans to develop and release Play-to-Earn (P2E) racing games. According to the project’s whitepaper, users can earn $SPONGEV2 tokens by winning races and ranking on monthly leaderboards.

The game offers both free and paid versions, ensuring accessibility while providing incentives for user participation. With the cryptocurrency gaming industry expected to expand, the timing of Sponge V2’s P2E racing game appears to be right.

The initiative aims to attract more individuals to the Sponge ecosystem and foster increased demand for tokens, community engagement, and trading activity. These factors are poised to have a positive impact on the token price, with $SPONGE expected to see significant gains in 2025.

Speculation and interest surrounding investments in $SPONGE and $SPONGEV2

The cryptocurrency community was abuzz after popular Twitter handle @PeckShieldAlert detected a significant transfer of $6,166 ETH ($13.8 million) from the Binance exchange to one of several wallets believed to be linked to Justin Sun.

The wallet currently holds $280 million in cryptocurrency assets, sparking speculation that Justin Sun is potentially preparing to invest in the Sponge ecosystem.

#PeckShieldAlert Address 0x9FCc… 19Fe (Suspicious #justin sun Related) 6,166 people were withdrawn. $ETH (worth approximately $13.8 million) #Binance pic.twitter.com/8jGbcwRvzg
— PeckShieldAlert (@PeckShieldAlert) December 26, 2023

The recent move has sparked speculation that Sun is considering a significant investment in Sponge V2. Another wallet, identified on Etherscan as ‘Justin Sun 4’, is said to be associated with the former Tron CEO and currently holds $500 million in cryptocurrency assets, including a significant portfolio of meme tokens.

Currently, the wallet holds numerous notable meme coins and holds a portfolio worth over $5.5 million in $SHIB and other major tokens such as $FLOKI. Notably, Sun holds Sponge V1 tokens worth over $65,000, making Sun the 14th largest $SPONGE holder globally.

Sun’s recent large wallet transfer appears to be a potential setup for a large purchase, suggesting an intention to expand exposure to the meme coin market. Sun previously mentioned his decision to actively trade meme coins and donate the proceeds to charity in a May 2023 tweet.

This speculation about Sun’s potential investment in Sponge V2 has generated considerable interest within the $SPONGE community. The community currently has over 12,000 active members on its Telegram channel and over 26,000 followers on the official X account (formerly Twitter).

Invest $SPONGEV2 at Sponge.vip.

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