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$SPONGE Crypto’s V2 Launch – Can This Memecoin 100X Your Money?

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$SPONGE Crypto's V2 Launch - Can This Memecoin 100X Your Money?
$SPONGE Crypto's V2 Launch - Can This Memecoin 100X Your Money?

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With the release of its new roadmap and enhanced V2 utility, $SPONGE is gearing up for another 100x rally in the anticipated 2024 bull run.

The $SPONGE token experienced notable success upon its introduction in May 2023, surging from a $1 million market cap to over $100 million. This drew enthusiastic investors fascinated by its potential for substantial growth.

The upgraded version, Sponge V2, is set to continue on a similar trajectory, aiming to elevate its success to the next level.

To learn more about the Sponge V2 launch, watch the video below, and subscribe to Jacob Crypto Bury’s YouTube channel for additional crypto-related content. Jacob also manages a Discord community with 20,000 members, offering trading tips and insights into upcoming crypto presales.

Understanding $SPONGEV2 Launch and Token Dynamics

In 2023, $SPONGE emerged as a standout meme coin, delivering an impressive 100x return to its early adopters and quickly gaining widespread popularity. Major crypto exchanges like MEXC, Gate.io and Poloniex hurried to list the Spongebob-themed token.

Now, $SPONGE is making a comeback with its upgraded version, V2, aiming to surpass the original V1. The transition between versions will be seamless, allowing holders to stake their $SPONGE and earn the new Sponge V2 tokens.

A unique distribution mechanism will permanently lock V1 tokens in a staking contract, removing them from circulation. To acquire $SPONGEV2, the stake-to-bridge utility is the exclusive method, distinguishing it from a standard presale.

You can position yourself for V2 in two ways – either by buying and staking Sponge V1 through the buy widget on the spongetoken.vip website or by staking your existing Sponge V1 directly on the website. The staking period’s duration correlates with the number of staked $SPONGE tokens, influencing the amount of V2 tokens earned.

Participants in the V2 staking pool will receive an equivalent amount of V2 tokens, along with additional tokens based on the current 301% APY return, expected to decrease as more investors join. Currently, the total staked and bridged amounts surpass $4.7 million, with the current price notably exceeding the V1 launch price.

$SPONGE’s Move Beyond Staking with New Utility Features

The exclusive method to acquire Sponge V2 tokens involves participating in the stake-to-bridge mechanism. If you don’t already own the meme coin, you need to purchase $SPONGE V1 and stake it in the V2 contract on the website. Newcomers benefit from a buy and stake bonus, offering additional rewards.

Existing $SPONGE holders staking in the V1 contract should withdraw their assets and re-stake them in the V2 contract to earn the updated token. Following the staking period, users can claim their $SPONGEV2 tokens through the platform interface, with specific dates and times announced on social media channels.

Beyond the stake-to-bridge mechanism, the $SPONGE team is not banking solely on a bullish market for another 100x return. Instead, they aim to unveil a range of utilities, kicking off with an engaging play-to-earn (P2E) game.

This unique racer-style game will bring added functionality to the ecosystem, enabling players to accumulate extra $SPONGE tokens by achieving higher rankings on the leaderboard, injecting a competitive element into the ecosystem.

The game will offer both free and paid versions, with the latter requiring players to acquire credits using $SPONGE for earning rewards. This credit system introduces a utility aspect to $SPONGE, a feature notably absent in many meme coin projects.

Engage in the Sponge ecosystem by actively participating through the official Telegram channel and their verified X (formerly Twitter) account, where ongoing updates on exchange listings and development milestones are regularly shared. To take part in the $SPONGEV2 presale visit spongetoken.vip.

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