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

The success of the SpongeBob token ($SPONGE), marked by a remarkable 100x gain during the May meme season, provides the foundation for the Sponge V2 token.

Investors interested in achieving similar returns are closely monitoring the progress of this recently launched memecoin.

What is Sponge V2 ($SPONGEV2)?

Sponge V2 is an enhanced version of the original Sponge token, aiming to improve the memecoin community’s experience by creating a more engaging environment. This enhanced version introduces a unique betting method and an entertaining play-to-earn system, contributing to the overall improvement of the Sponge brand.

The transition from V1 ($SPONGE) to V2 ($SPONGEV2) will be streamlined through a simple process, ensuring a smooth transition for the community. To kick-start this journey, Sponge V2 will be holding a pre-sale, offering additional bonuses for participants. Moreover, there will be an automatic betting system, which simplifies the overall experience.

In May 2023, despite challenging market conditions, $SPONGE showed resilience and performed admirably, gaining attention among other popular memecoins. This success resulted in $SPONGE reaching an impressive market value of almost $100 million, rewarding early supporters.

With the onset of a new bull market, the outlook for $SPONGEV2 appears positive, and it aims to be a reliable memecoin adept at navigating market dynamics through its utility and purpose.

Navigating the Transition from V1 to V2 – Bridge, Stake, and Claim Sponge V2

Sponge makes a major comeback and evolves from V1 to V2 with increased usability by introducing a new ERC-20 token on Ethereum via stake-to-ear. Users moving from Sponge V1 to V2 will need to stake, withdraw, and redeploy their V1 tokens into the new V2 pool as the V1 stake pool will be closed.

• Current strikers: Those currently betting the $SPONGE must withdraw from the V1 staking contract. They must then stake these tokens into the V2 smart contract to secure their share of the V2 token once the launch takes place.

• Current holders: Users who currently hold the $SPONGE must stake it in the V2 smart contract to guarantee their share of the V2 token when it launches.

• New buyers: If users do not have tokens, they can obtain $SPONGE through the website widget. The purchased tokens are automatically staked in the V2 smart contract to secure a share of the V2 tokens once they are launched.

All V1 tokens sent to the V2 staking pool will secure an equivalent number of V2 tokens, earning them at a variable APY. The more V1 tokens staked, the greater the V2 tokens earned. Staked V1 tokens are permanently locked into the V2 stake pool, making them un-withdrawable or unsellable.

These V1 tokens will consistently accumulate V2 tokens for the next four years. At the end of the wagering period, users can claim Sponge V2 tokens via the website. Specific dates and times will be communicated via their social media channels in due course.

Sponge V2 introduced a distinctive stake-to-bridge token bridging method

Crypto staking becomes more accessible with Sponge V2. Staking, in simple terms, involves sending tokens to a smart contract and locking them for a predetermined duration, usually for the purpose of accumulating more of the same token.

Welcome to $SPONSE ????????????#SPONGE #Bullmarket #Altseason pic.twitter.com/ewWpsImPaA

— $SPONGE (@spongeoneth) December 21, 2023

At the launch of Sponge V2, individuals who stake one token ($SPONGE) will be rewarded with another token ($SPONGEV2). Notably, support for Sponge V1 will end after the launch of Sponge V2, introducing a unique token bridging method called stake-to-bridge.

What V1 stakeholders need to know about Sponge V2

Considering the rarity of this method for transitioning to a new token in the crypto space, it is essential to underline the following key points about the bridging process from Sponge V1 to Sponge V2.

• Exclusive launch: The acquisition of $SPONGEV2 can only be achieved by staking $SPONGE.

• Betting bonus: Wagering $SPONGE guarantees a corresponding reserve of $SPONGEV2.

• Permanent V1 lock: Staked $SPONGE is undergoing permanent locking, with the phase-out of V1 tokens planned after the launch of V2.

• Passive V2 Rewards: Hold stakes of $SPONGE tokens for increases in ownership over four years, starting at a minimum APY of 40%.

Sponge V2 introduces the P2E game for exciting token rewards

Sponge V2 adds exciting functionality to its new token, including the development of a unique team-earning game. This game aims to increase fun and engagement within the Sponge ecosystem, allowing users to earn $SPONGEV2 tokens by actively participating and securing a position on the leaderboards.

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

With the expanded utility of the $SPONGEV2 allowing holders to earn more tokens within the game, it brings significant value to the memecoin community.

More details about the game will be shared on social media channels closer to the release date. If you’re looking for other investment options, check out our list of the best crypto ICOs to consider.

Sponge V2 roadmap and tokenomics

Examining Sponge V2 tokenomics reveals a strategic allocation: 7.5% for marketing, 4.47% for game development, 8% for play-to-earn rewards, 10% for centralized exchange liquidity, 26.93% for bridging $SPONGE, and betting a significant 43.09% for rewards. This distribution indicates a well-thought-out plan for sustainable growth.

Sponge V2’s roadmap is unfolding with key milestones including announcements, staking launches, game development initiatives and the opportunity for a Tier 1 exchange listing. The overarching goal is to absorb liquidity and establish dominance in the crypto space.

Community promotion and involvement

The Sponge V2 team has a proven history of success and effectively launched the original Sponge token under challenging circumstances to a market cap of $100 million. By leveraging established strategies, their goal is to broaden the user base and community.

By leveraging the existing Sponge token community, the goal is to attract thousands of new holders and grow their social media presence. With a dedicated marketing budget, the team uses several strategies to ensure greater success for Sponge V2. To participate in the presale, visit Sponge.vip.

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