Search Inside Bitcoins

Investors Flock to Upcoming Sponge V2 Meme Coin as Staking Pool Surpasses $4 Million in Value

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Investors Flock to Upcoming Sponge V2 Meme Coin as Staking Pool Surpasses $4 Million in Value
Investors Flock to Upcoming Sponge V2 Meme Coin as Staking Pool Surpasses $4 Million in Value

Join Our Telegram channel to stay up to date on breaking news coverage

As Sponge V2 approaches exchange listing, investors have the last chance for a 263% reward through early staking. Following the success of the original $SPONGE token, $SPONGEV2 aims to bring added functionality through a new play-to-earn (P2E) racing game and an integrated staking protocol.

Sponge V1 made a splash in May 2023’s bear market, emerging as one of the year’s most talked-about meme coin launches. After the debut on Uniswap, $SPONGE experienced a remarkable 340% price surge within a week, fueled by the escalating excitement around the SpongeBob SquarePants-themed token.

Peaking with a market cap surpassing $100 million, Sponge V1 attracted over 13,000 holders and yielded impressive returns for early investors. It secured listings on more than 10 centralized exchanges, including major platforms like OKX and Gate.io.

Earning Sponge V2 Tokens in the Pre-launch Phase

The Sponge V2 meme coin presents a distinctive investment prospect, particularly in the ongoing presale phase. This presale provides investors with an opportunity to participate early in the project and capitalize on potential value increases.

The stake-to-bridge mechanism introduced by Sponge V2 is a groundbreaking approach in the cryptocurrency realm. Unlike traditional presales involving direct token sales, Sponge V2 necessitates investors to acquire and stake Sponge V1 tokens, leading to the permanent locking and conversion of V1 tokens into Sponge V2 tokens.

  • Acquiring Sponge V2 involves utilizing a digital wallet, such as MetaMask or Trust Wallet, which can be directly linked to the purchase widget on the Sponge website. Alternatively, Uniswap can be use for $SPONGE purchases.
  • Sponge token holders can choose the ‘Stake Now’ option to access the staking dashboard, where they can stake their V1 tokens to earn V2 tokens. This process results in the permanent locking of V1 tokens.
  • For investors without existing Sponge tokens, the option to purchase ETH, USDT, or Sponge V1 tokens via bank card is available. Buying $SPONGE through the website widget automatically leads to the permanent staking of V1 tokens, with a corresponding amount of V2 tokens credited as a starting bonus.
  • Staking V1 tokens is the exclusive method to earn V2 tokens before the official launch. The quantity of V2 tokens earned increases with the amount of staked V1 tokens and the duration of the staking period.

The current annual reward rate is an impressive 263%, with over 6 billion staked $SPONGE tokens. Tokens can be claimed upon the official launch, and notably, with the launch of $SPONGEV2, the original $SPONGE token will be discontinued.

View the video above to stay informed on the latest $SPONGEV2 presale updates, and subscribe to his YouTube channel for additional crypto-related content. Jacob Crypto Bury also manages a Discord server with 20,000 members, providing users with trading tips and information on upcoming crypto presales.

SPONGEV2’s Play-to-Earn Racing Game and Token Advancements

Enhancing the Sponge V2 ecosystem, the developers are currently in the final stages of developing a play-to-earn (P2E) racing game featuring popular characters from the SpongeBob SquarePants show. This gaming feature provides a practical application for the Sponge V2 token, adding an extra layer of utility.

In contrast to conventional meme coins, whose value relies mainly on community enthusiasm and speculation, the P2E game enables users to actively engage in the ecosystem while earning additional Sponge V2 tokens. The game is accessible in both free and paid versions.

In the paid version, players can stake Sponge V2 tokens to progress in the game and receive extra tokens as rewards. Approximately 8% of the total token supply is exclusively allocated for play-to-earn rewards, fostering increased community engagement and participation.

These gaming aspects not only amplify user involvement with the token but also contribute to long-term loyalty and interest in the overall Sponge ecosystem. Investors can purchase and stake $SPONGE on spongetoken.vip to begin earning $SPONGEV2 tokens automatically.

Related

New Crypto Mining Platform - Bitcoin Minetrix

Rating

Bitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now - BTCMTX
  • Staking Rewards - Over 50% APY
Bitcoin Minetrix

Join Our Telegram channel to stay up to date on breaking news coverage

Read next