The hilarious meme coin Sponge (SPONGE) took the crypto market by storm in Could, and it’s now again within the headlines with the launch of Sponge V2 – the token’s subsequent evolution promising much more money-making potential.
By means of its modern Stake-to-Bridge setup that hyperlinks it to the unique SPONGE ecosystem, Sponge V2 (SPONGEV2) presents new and current buyers an opportunity to capitalize on the resurgence of meme coin curiosity.
The Rise of SPONGE – A Temporary Overview
Earlier than diving into the small print of SPONGEV2, let’s take a fast take a look at SPONGE’s journey to date.
The unique SPONGE token has had an unimaginable 2023, changing into one of many 12 months’s most talked-about meme coin launches.
After a stealth launch on Uniswap, SPONGE noticed an infinite 340% value surge inside every week because the hype across the SpongeBob SquarePants-themed token grew exponentially.
Its market cap soared to over $100 million at its peak, with hundreds of thousands of {dollars} in day by day buying and selling volumes throughout main exchanges like Gate.io and OKX, the place it was listed inside weeks of its Uniswap launch.
Nevertheless, like most meme cash, SPONGE skilled a pointy pullback because the preliminary hype light.
The excellent news for buyers is that the SPONGE ecosystem has proven exceptional resilience, with Etherscan.io information exhibiting there are nonetheless over 11,600 distinctive holders.
Moreover, SPONGE nonetheless has enormous neighborhood backing, evidenced by the official Twitter account, which boasts an viewers of over 23,000 individuals.
The latest launch of SPONGE’s staking protocol has additionally been a pivotal second, producing recent curiosity within the token and sending its value rebounding by over 500% in November.
Sponge V2 Guarantees Additional Utility & Deep Integration with Unique SPONGE Ecosystem
Now, SPONGE’s builders are taking the following step within the token’s evolution with the launch of SPONGEV2.
This enhanced model builds on the success of the unique Sponge token, aiming to “take up the damp” that was left behind.
SPONGEV2 guarantees to convey unprecedented utility to the desk by means of an modern “Stake-to-Bridge” setup that hyperlinks the token to the V1 ecosystem.
To amass Sponge V2 tokens, buyers should buy them by means of a devoted widget on the Sponge.vip web site, with bought tokens routinely staked within the V2 pool.
Alternatively, these already proudly owning and staking SPONGE tokens can withdraw them from the V1 staking pool and re-stake them within the new pool.
The extra SPONGE tokens which might be staked, the extra SPONGEV2 tokens that will probably be earned.
Importantly, SPONGEV2 has a set four-year staking interval the place stakers can accumulate tokens beginning with a hefty 40% APY.
As soon as the staking interval is over, SPONGEV2 tokens will probably be claimable by means of the official SPONGE web site.
Finally, this novel mechanism creates a useful relationship between the previous and new SPONGE tokens – rewarding loyal holders whereas channeling liquidity and momentum to SPONGEV2.
Robust Fundamentals & Thrilling Plans Prime SPONGEV2 for Monumental Development
After making a reputation for itself earlier within the 12 months, the SPONGE ecosystem is gearing up for an additional surge with SPONGEV2’s launch.
Latest quadruple-digit good points by breakout meme cash like Memecoin (MEME) and Bonk (BONK) display the crypto neighborhood’s persevering with curiosity in these property.
Sponge V2 seems primed to learn from this curiosity whereas leveraging the goodwill of the unique token’s ecosystem.
Moreover, the builders have revealed formidable plans for a play-to-earn sport, permitting buyers to earn extra SPONGEV2 tokens in an interesting method.
As such, the stage appears set for the SPONGE challenge to develop into extra outstanding than ever earlier than.
Given its earlier model recognition and alternate listings, there’s a rising perception inside the challenge’s Telegram neighborhood that SPONGEV2 may eclipse its predecessor and produce bigger good points for early buyers.
For these buyers, the staking rewards and deliberate P2E options may show massively profitable – making SPONGEV2 an thrilling token to look at within the weeks forward.
Go to SPONGEV2 Presale
Disclaimer: The above article is sponsored content material; it’s written by a 3rd celebration. CryptoPotato doesn’t endorse or assume accountability for the content material, promoting, merchandise, high quality, accuracy, or different supplies on this web page. Nothing in it needs to be construed as monetary recommendation. Readers are strongly suggested to confirm the data independently and thoroughly earlier than participating with any firm or challenge talked about and do their very own analysis. Investing in cryptocurrencies carries a threat of capital loss, and readers are additionally suggested to seek the advice of an expert earlier than making any choices that will or will not be primarily based on the above-sponsored content material.
Readers are additionally suggested to learn CryptoPotato’s full disclaimer.
Binance Free $100 (Unique): Use this hyperlink to register and obtain $100 free and 10% off charges on Binance Futures first month (phrases).
