Missed the $SPONGE 100x Pump? Take Another Chance with Sponge V2 Token

The success of the SpongeBob token ($SPONGE), characterised by a exceptional 100x achieve in the course of the meme season in Might, units the stage for the Sponge V2 token.

Buyers fascinated about reaching comparable returns are carefully watching the progress of this not too long ago launched memecoin.

What’s Sponge V2 ($SPONGEV2)?

Sponge V2 is an enhanced model of the unique Sponge token, aiming to raise the memecoin neighborhood expertise by making a extra partaking surroundings. This upgraded iteration introduces a singular staking technique and an entertaining play-to-earn system, contributing to the general enchancment of the Sponge model.

The transition from V1 ($SPONGE) to V2 ($SPONGEV2) is streamlined by means of a easy course of, making certain a clean shift for the neighborhood. To kickstart this journey, Sponge V2 will conduct a presale, offering further bonuses for members. Moreover, an computerized staking system might be in place, simplifying the general expertise.

In Might 2023, regardless of difficult market circumstances, $SPONGE displayed resilience and carried out admirably, gaining consideration alongside different fashionable memecoins. This success resulted in $SPONGE reaching a formidable market worth of almost $100 million, rewarding early supporters.

With the onset of a brand new bull market, the outlook for $SPONGEV2 seems constructive, and it goals to be a dependable memecoin adept at navigating market dynamics by means of its utility and goal.

Navigating the V1 to V2 transition – Bridging, staking, and claiming Sponge V2

Sponge is making a big comeback, evolving with elevated utility from V1 to V2 by introducing a brand new ERC-20 token on Ethereum by means of stake-to-earn. Customers transitioning from Sponge V1 to V2 ought to stake their V1 tokens, withdraw and re-stake them within the new V2 pool, because the V1 staking pool might be closing.

Present stakers: Those that are at the moment staking the $SPONGE are required to withdraw from the V1 staking contract. Subsequently, they need to stake these tokens within the V2 sensible contract to make sure their portion of the V2 token as soon as its launch happens.

Present Holders: Customers who at the moment maintain the $SPONGE are required to stake them within the V2 sensible contract to ensure their portion of the V2 token when it’s launched.

New Consumers: If customers don’t have any tokens, they will purchase $SPONGE by means of the web site widget. The bought tokens might be mechanically staked within the V2 sensible contract to safe a share of the V2 tokens as soon as they’re launched.

All V1 tokens despatched to the V2 staking pool will safe an equal quantity of V2 tokens, incomes them at a variable APY. The extra V1 tokens staked, the higher the V2 tokens earned. Staked V1 tokens might be completely locked within the V2 staking pool, rendering them non-withdrawable or sellable.

These V1 tokens will constantly accumulate V2 tokens for the subsequent 4 years. Upon the conclusion of the staking interval, customers can declare Sponge V2 tokens through the web site. Particular dates and occasions might be communicated by means of their social media channels in the end.

Sponge V2 launched distinctive stake-to-bridge token bridging technique

Crypto staking turns into extra accessible with Sponge V2. Staking, in easy phrases, entails sending tokens to a wise contract and locking them up for a predetermined length, sometimes with the intention of accruing extra of the identical token.

Welcome to $SPONGE 🔥🚀🧽#SPONGE #BullMarket #AltSeason pic.twitter.com/ewWpsImPaA

— $SPONGE (@spongeoneth) December 21, 2023

Upon the launch of Sponge V2, people staking one token ($SPONGE) might be rewarded with one other token ($SPONGEV2). Notably, assist for Sponge V1 will stop after the launch of Sponge V2, introducing a singular token bridging technique termed stake-to-bridge.

What V1 stakers must find out about Sponge V2

Given the rarity of this technique for transitioning to a brand new token within the crypto house, it’s important to underscore the next key factors in regards to the bridging course of from Sponge V1 to Sponge V2.

Unique Launch: The acquisition of $SPONGEV2 is solely achievable by means of the staking of $SPONGE.

Staking Bonus: Staking $SPONGE ensures a corresponding reserve of $SPONGEV2.

Everlasting V1 Lock: Staked $SPONGE undergoes everlasting locking, with the phasing out of V1 tokens scheduled post-V2 launch.

Passive V2 Rewards: Preserve staked $SPONGE tokens for a rise in holdings over a four-year interval, beginning at a minimal APY of 40%.

Sponge V2 introducing P2E recreation for thrilling token rewards

Sponge V2 is including thrilling performance to its new token, together with the event of a singular play-to-earn recreation by the workforce. This recreation goals to spice up enjoyable and engagement throughout the Sponge ecosystem, enabling customers to earn $SPONGEV2 tokens by actively taking part and securing a place on the leaderboard.

The upcoming Sponge P2E recreation might be supplied in each free and paid variations. Customers can select the free model for recreation or use $SPONGEV2 tokens to accumulate recreation credit within the paid model. These credit empower customers to play and earn further SPONGEV2 tokens.

With the expanded utility of the $SPONGEV2, permitting holders to earn extra tokens throughout the recreation, it brings vital worth to the memecoin neighborhood.

Additional particulars in regards to the recreation might be shared on social media channels nearer to the discharge date. If you happen to’re in search of different funding alternatives, try our listing of the prime crypto ICOs to think about.

Sponge V2 roadmap and tokenomics

Analyzing Sponge V2 tokenomics reveals a strategic allocation: 7.5% for advertising and marketing, 4.47% for recreation improvement, 8% for play-to-earn rewards, 10% for centralized trade liquidity, 26.93% for bridging $SPONGE, and a big 43.09% for staking rewards. This distribution suggests a well-crafted plan for sustainable progress.

The roadmap of Sponge V2 unfolds with key milestones, together with bulletins, staking launches, recreation improvement initiatives, and the potential for a list on a Tier 1 trade. The overarching goal is to soak up liquidity and set up dominance within the crypto house.

Promotion and neighborhood engagement

The Sponge V2 workforce has a demonstrated historical past of success, successfully advertising and marketing the unique Sponge token to a $100 million market cap in difficult circumstances. Using well-established methods, their goal is to broaden the consumer base and neighborhood.

Leveraging the prevailing Sponge token neighborhood, the intention is to attract in hundreds of recent holders and amplify their social media presence. With a devoted advertising and marketing finances, the workforce employs varied methods to make sure heightened success for Sponge V2. To participate within the presale, go to sponge.vip.

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