Investors Flock to Sponge V2 Meme Crypto With the Launch of Its Unique Stake-to-Bridge Mechanism

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

One might be familiar with the original $SPONGE token, which achieved notable success upon its launch in May 2023. Investors enthusiastically acquired the token due to its potential for substantial returns, and it seems that Sponge V2 is poised to follow a comparable path.

With its inventive ‘Stake-to-Bridge’ mechanism connecting it to the original $SPONGE ecosystem, Sponge V2 provides both new and current investors an opportunity to take advantage of the renewed interest in meme coins.

Key Insights into the Ongoing $SPONGE V2 Sale and Token Transition

Here are the key details to be aware of regarding the ongoing Sponge V2 sale. The launch of $SPONGEV2 is contingent upon the depletion of the remaining Sponge V1 supply, a scenario anticipated to unfold within a few days.

To acquire $SPONGEV2 prior to its official launch, individuals are required to commit to permanently staking and locking their V1 tokens. Those who opt to lock their V1 tokens will receive staking rewards in the form of V2 tokens over the next four years.

Additionally, investors who both purchase and stake Sponge V1 tokens before their depletion will be eligible for a 100% purchase bonus in V2 tokens, redeemable after the official launch.

Step-by-Step Guide: How to Acquire $SPONGEV2 Tokens Through Staking and Bridging

To acquire Sponge V2, investors should possess a crypto wallet compatible with ERC-20 tokens. We recommend MetaMask for its free, secure, and user-friendly features, though other ERC-20 wallets are also suitable. The subsequent step involves funding the wallet with Ethereum (ETH) or Tether (USDT).

Acquire your $ETH or $USDT from major crypto exchanges, both of which are the accepted cryptocurrencies on the Sponge V2 website. Proceed to the Sponge V2 website and select ‘Connect Wallet,’ following on-screen instructions to establish the connection.

🚀 Missed Sponge V1's 100x Success?

With an even larger campaign for #SpongeV2, we’re coming back stronger than ever! 💪

Hurry and stake your $SPONGE tokens today! 🔥$SPONGE #Crypto #CryptoStaking pic.twitter.com/QIo0RMz4LT

— $SPONGE (@spongeoneth) January 6, 2024

Investors must purchase Sponge V1 and stake it for bridging to V2 since direct purchase of $SPONGEV2 tokens is not currently available. Specify the total investment amount, click ‘Buy’ to finalize the transaction, and add tokens to the wallet.

Choose ‘Stake Tokens’ to stake newly acquired V1 tokens to the Sponge V2 smart contract, automatically sending them to a staking pool. This initiates staking rewards paid in Sponge V2 for the next 4 years. After the stake-to-bridge process concludes, Sponge V2 tokens will be received, with announcements made on social media in due course.

To gain a thorough understanding of the $SPONGEV2 presale, check out the video above, and subscribe to his YouTube channel for additional crypto-related content. Jacob Crypto Bury also runs a Discord server with 20,000 members, providing users with trading insights and information about upcoming crypto presales.

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

The upgrade introduces an innovative ‘Stake-to-Bridge’ protocol, enabling $SPONGE holders to earn yields in the form of $SPONGEV2. Currently, yields stand at 402% per year, with over 4 billion $SPONGE tokens already staked.

The Sponge V2 upgrade also takes a strategic approach by targeting the crypto gaming space, planning to develop and launch a play-to-earn (P2E) racing game. According to the project’s whitepaper, users can earn $SPONGEV2 tokens by winning races and ranking on the monthly leaderboard.

The game will offer both free and paid versions, ensuring accessibility while providing incentives for user participation. With the crypto gaming industry expected to expand, the timing appears opportune for the launch of Sponge V2’s P2E racing game.

This initiative aims to bring more individuals into the Sponge ecosystem, fostering increased demand for the token, community engagement, and trading activity. These factors are poised to positively impact the token’s price, leading us to anticipate significant gains for $SPONGE in 2025.

Speculation and Interest Surrounding $SPONGE and $SPONGEV2 Investments

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

The wallet currently holds $280 million in crypto assets, fueling speculation about Justin Sun potentially gearing up to invest in the Sponge ecosystem.

#PeckShieldAlert The address 0x9FCc…19Fe (Suspicious #JustinSun related) has withdrawn 6,166 $ETH (worth ~$13.8M) from #Binance pic.twitter.com/8jGbcwRvzg

— PeckShieldAlert (@PeckShieldAlert) December 26, 2023

The recent transfer has fueled speculation about Sun considering a substantial investment in Sponge V2. Another wallet, identified on Etherscan as ‘Justin Sun 4,’ reportedly associated with the former Tron CEO, currently holds $500 million in crypto assets, including a significant meme token portfolio.

Currently, the wallet holds numerous notable meme coins and showcases a portfolio exceeding $5.5 million in $SHIB, along with holdings in other prominent tokens like $FLOKI. Notably, it also possesses Sponge V1 tokens valued at over $65,000, positioning Sun as the 14th largest $SPONGE holder worldwide.

Sun’s recent sizable wallet transfer is seen as a potential preparation for a significant purchase, suggesting an intention to expand his exposure to the meme coin market. Sun had previously mentioned in a May 2023 tweet his decision to actively trade meme coins and donate any profits to charity.

These speculations regarding Sun’s potential investment in Sponge V2 have stirred significant interest within the $SPONGE community, which now boasts over 12K active members on their Telegram channel and over 26K followers on their official X account (formerly Twitter).

Invest in $SPONGEV2 at sponge.vip.