Launched on December 31st, 2022 – Bonk is now trading almost 20,000% higher.Then we had Pepe – a popular meme coin based on Pepe the Frog. As per Reuters, Pepe Coin increased by over 7,000% in April 2023. This was achieved in under three weeks.After that, Sponge became one of the best meme coins to buy.
- Sponge 2 aims to be listed on all of the aforementioned exchanges.
- The Sponge team has proven its ability to secure large-scale exchange listings.
- This unique concept adds a playful and recognizable element to the coin’s branding and identity.
- SPONGE V2 has a dedicated roadmap which includes 3 stages in the development of the project and its new features.
- The play-to-earn game is integral to SpongeV2’s ecosystem.
- Staking will be automatic when you buy through the widget.
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26.93%, or 40.4 billion $SPONGEV2 tokens, will be available to early investors. The balance will be allocated to staking income, CEX liquidity, marketing, game development, and play-to-earn rewards. Sponge V2 operates on the Ethereum blockchain, meaning it can be stored in the best ERC-20 wallets. These are just a few examples of high-growth meme coins; there are many more. Nonetheless, some analysts believe that Sponge V2 could be next. Not only is the broader crypto market bullish, but there are some key events lined up next year.
This means partnering with leading crypto news publications, influencers, and Reddit communities. Find out more about Bob (BOB) — another popular memecoin related to Pepe. Those who buy Sponge tokens before the listing date can claim $SPONGEV2 tokens automatically on May 30, 2024.
Step 5: Claim Sponge V2 Tokens
It has a similar drive to accomplish even higher pumps in 2024. Staking rewards and the P2E game make it a token worth considering. The play-to-earn game is integral to SpongeV2’s ecosystem. However, we can’t say much about the project as of this writing. The Sponge P2E Racer will feature some meme races and allow participants to earn Sponge tokens. Buying SpongeV2 before exchange listings allows you to stake the token and earn more tokens with 162% rewards.
Staking rewards
The project strives to secure listings on bigger and better exchanges, which can attract a broader range of investors. $SPONGE kicks off its journey toward success with significant milestones. First, the eagerly awaited Sponge V2 was launched, generating excitement within the community. This allows investors to actively participate in securing the network while earning rewards. Like any other investment, cryptocurrencies available on the best investment apps come with their own advantages and disadvantages.
How to Invest in Sponge V2?
Dimal is a digital asset enthusiast and has worked in several well-established cryptocurrency start-ups and blockchain payments companies including CoinBurp and Nuvei. He is future thinker and global financial visionary, exploring how payments and money transfer are evolving with web3. Swaps are conducted on the Ethereum network, meaning users will need to use ETH or USDT on the ERC20 network. Additionally, the SPONGE team has given the option to buy SPONGE using card payment.
To initiate a purchase, use the order form at the top of the website. From there, choose “ETH” and enter the quantity of SPONGE how will taxes hit your bitcoin tokens you want to swap. Sponge V2 uses a dynamic staking model, meaning APYs are determined by the number of tokens being staked. That said, Sponge V2 claims that the minimum APY will be 40%.
Popular Tokens on the Polygon Chain
This is because you won’t need to buy Sponge V1 with Ethereum or Tether. If not, you can buy Ethereum or Tether from any reputable exchange. You can then withdraw the tokens from the exchange to MetaMask. In this guide, we explain how to buy Sponge V2 tokens in under 10 minutes.
SPONGE priceSPONGE#5407
This development is crucial in growing beyond the cryptocurrency community. Sponge V2 aims to generate a similar or even greater hype and FOMO (Fear Of Missing Out) than its predecessor. This strategy involves partnering with prominent crypto influencers and Reddit communities to create buzz around the project.
Simply put, SPONGE V2 is a revamp of the original SPONGE token with added utility. If you do not already own SPONGE tokens, you can by them through the website. Sponge (SPONGE) represents a highly speculative investment. Investors are advised to exercise caution and conduct thorough research before making any investment decisions. Once your account is set up, deposit funds using various payment methods supported by eToro.
Adewunmi’s style entails transforming technical topics into simple, captivating, and concise content for her audience. The easiest way is using Ethereum, as demonstrated in the guide. Begin by signing up for an account on eToro if you still need to get one. Purchase Ethereum on the eToro platform, then navigate to the Sponge V2 Swap website. Utilize the Swap feature on the website to exchange your ETH for the desired Sponge V2 tokens. This streamlined process is estimated to take less than 10 minutes.
- Unlike the original Sponge, V2 is developing a fun play-to-earn game for token holders.
- The official website is protected with an SSL certificate and should have an ‘s’ in the URL after ‘http’.
- If you already own SPONGE, you can manually swap your tokens for V2.
- However, the only way to gain access is through a stake-to-bridge model.
- V2 tokens will continue to be released from the locked V1 tokens for the next four years.
- Sponge V2 requires investors to bridge and stake Sponge V1.
Similar Coins to Sponge
While the free version allows users to simply play for fun, the paid version will require users to purchase game credits using the SPONGE V2 tokens. The game credits will enable users to enjoy the play-to-earn version and potentially gain more SPONGE V2. The team behind SPONGE V1 is developing a new bespoke play-to-earn game which will add a more fun-filled experience for SPONGE community members. Users will be able to participate in the game to potentially receive token rewards for playing time and earn their spot on the leader boards. Sponge V2 token is a new meme coin that has attracted the attention of crypto investors online.
However, the launch of SPONGE V2 has a slightly different format than a typical presale. The reason for this is that the original SPONGE V1 will be migrating to V2. Therefore, in order to obtain SPONGE V2, users will need to stake-to-bridge the original SPONGE tokens on the official website. The project sets a milestone of 10,000 token holders to show growing cryptocurrencies bitcoin and blockchain interest and support. This demonstrates a growing community and investor base, increasing confidence in the project’s potential.
It also shows that there are many holders of the token, even after reaching all time highs. Although, currently there is limited information about the game, we can share some insights about what we do know from information released. Could Sponge V2 be the next billion-dollar meme coin for 2023? The project has just launched its stake-to-bridge platform, enabling investors to secure early access before exchange listings. If you the tax treatment of cryptocurrency want to invest in a meme token that will bring excellent returns in 2025, $SPONGE is a good option to consider.
The first objective is to secure listings on tier 1 centralized exchanges (CEX), renowned for their credibility and high trading volumes. $SPONGE aims to potentially boost liquidity and market demand by listing on these exchanges. Additionally, $SPONGEV2 tokens will be listed on more exchanges, increasing their accessibility and liquidity.
The idea behind this approach can potentially result in a significant upside for the token. Sponge V2 is the evolution of the original Sponge token to address the remaining potential and opportunities. It aims to enhance the token’s utility by introducing a “Stake-to-Bridge” mechanism that connects it to the V1 ecosystem. This setup is designed to bring unprecedented functionality and value to Sponge V2. You’ll need some cryptocurrencies in your MetaMask wallet before buying Sponge V2.