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

DailyBlockchain.News AdminDecember 23, 2023

5 minutes read

Missed The $sponge 100x Pump? Take Another Chance With Sponge

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The success of the SpongeBob token ($SPONGE), characterised by a outstanding 100x acquire throughout the meme season in Could, units the stage for the Sponge V2 token.

Traders concerned with attaining 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 group expertise by making a extra participating atmosphere. This upgraded iteration introduces a novel staking methodology 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 way of a easy course of, guaranteeing a easy shift for the group. To kickstart this journey, Sponge V2 will conduct a presale, offering extra bonuses for members. Moreover, an computerized staking system will likely be in place, simplifying the general expertise.

In Could 2023, regardless of difficult market circumstances, $SPONGE displayed resilience and carried out admirably, gaining consideration alongside different in style memecoins. This success resulted in $SPONGE reaching a formidable market worth of practically $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 way 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 way of stake-to-earn. Customers transitioning from Sponge V1 to V2 ought to stake their V1 tokens, withdraw and re-stake them in the new V2 pool, as the V1 staking pool will likely be closing.

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

Present Holders: Customers who presently maintain the $SPONGE are required to stake them in the V2 good contract to ensure their portion of the V2 token when it’s launched.

New Patrons: If customers don’t have any tokens, they’ll purchase $SPONGE by way of the web site widget. The bought tokens will likely be robotically staked in the V2 good 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 better the V2 tokens earned. Staked V1 tokens will likely be completely locked in the V2 staking pool, rendering them non-withdrawable or sellable.

These V1 tokens will persistently accumulate V2 tokens for the subsequent 4 years. Upon the conclusion of the staking interval, customers can declare Sponge V2 tokens by way of the web site. Particular dates and occasions will likely be communicated by way of their social media channels sooner or later.

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

Crypto staking turns into extra accessible with Sponge V2. Staking, in easy phrases, entails sending tokens to a sensible contract and locking them up for a predetermined period, usually with the intention of accruing extra of the similar 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 ($SPONGE) will likely be rewarded with one other token ($SPONGEV2). Notably, help for Sponge V1 will stop after the launch of Sponge V2, introducing a novel token bridging methodology termed stake-to-bridge.

What V1 stakers have to find out about Sponge V2

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

Unique Launch: The acquisition of $SPONGEV2 is solely achievable by way 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 growth of a novel play-to-earn recreation by the staff. This recreation goals to spice up enjoyable and engagement inside the Sponge ecosystem, enabling customers to earn $SPONGEV2 tokens by actively collaborating and securing a place on the leaderboard.

The upcoming Sponge P2E recreation will likely be provided in each free and paid variations. Customers can select the free model for recreation or use $SPONGEV2 tokens to amass recreation credit in the paid model. These credit empower customers to play and earn extra SPONGEV2 tokens.

With the expanded utility of the $SPONGEV2, permitting holders to earn extra tokens inside the recreation, it brings important worth to the memecoin group.

Additional particulars about the recreation will likely be shared on social media channels nearer to the launch date. When you’re searching for different funding alternatives, take a look at our listing of the high 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 growth, 8% for play-to-earn rewards, 10% for centralized change liquidity, 26.93% for bridging $SPONGE, and a big 43.09% for staking rewards. This distribution suggests a well-crafted plan for sustainable development.

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

Promotion and group engagement

The Sponge V2 staff 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 group.

Leveraging the current Sponge token group, the intention is to attract in 1000’s of recent holders and amplify their social media presence. With a devoted advertising and marketing funds, the staff employs numerous methods to make sure heightened success for Sponge V2. To participate in the presale, go to sponge.vip.