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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.
Via its modern Stake-to-Bridge setup that hyperlinks it to the unique SPONGE ecosystem, Sponge V2 (SPONGEV2) affords 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 have a look at SPONGE’s journey to date.
The original 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 unlimited 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 tens of millions of {dollars} in every day buying and selling volumes throughout main exchanges like Gate.io and OKX, the place it was listed inside weeks of its Uniswap launch.
Nonetheless, 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 outstanding resilience, with Etherscan.io information exhibiting there are nonetheless over 11,600 unique holders.
Moreover, SPONGE nonetheless has enormous neighborhood backing, evidenced by the official Twitter account, which boasts an viewers of over 23,000 individuals.
The current launch of SPONGE’s staking protocol has additionally been a pivotal second, producing contemporary curiosity within the token and sending its value rebounding by over 500% in November.
Sponge V2 Guarantees Additional Utility & Deep Integration with Authentic 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 “soak up the damp” that was left behind.
SPONGEV2 guarantees to deliver 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 website, with bought tokens mechanically 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 can be staked, the extra SPONGEV2 tokens that can 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 can 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.
Sturdy 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 one more surge with SPONGEV2’s launch.
Latest quadruple-digit positive aspects by breakout meme cash like Memecoin (MEME) and Bonk (BONK) reveal the crypto neighborhood’s persevering with curiosity in these property.
Sponge V2 appears primed to profit 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 enticing manner.
As such, the stage appears set for the SPONGE mission to change into extra outstanding than ever earlier than.
Given its earlier model recognition and trade listings, there’s a rising perception inside the project’s Telegram community that SPONGEV2 might eclipse its predecessor and produce bigger positive aspects for early buyers.
For these buyers, the staking rewards and deliberate P2E options might show vastly profitable – making SPONGEV2 an thrilling token to observe within the weeks forward.
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