When V1, first launched $SPONGE went from a market cap of $1 million to over $100 million. I spotted Sponge V1 early enough and I made a lot of money, that’s why am taking the bold step to invest $100k into Sponge V2. Sponge V2 is a fully legitimate project that has taken numerous steps to ensure investor confidence. The project is a new meme coin and it’s an upgraded version of the original $SPONGE meme coin and it’s speculated to become the next big meme coin in crypto. Click “Stake” to start staking the newly acquired V1 tokens after the transaction is complete. For a duration of four years, investors will receive regular staking rewards in $SPONGE V2 tokens; however, these tokens will be permanently locked.
For the time being, it is not known if the SpongeBob project aims to create NFTs and games in homage to the SpongeBob cartoon (for copyright reasons). Once the staking period ends, investors can collect their earned V2 tokens through the website. Please note that the Sponge V1 tokens will be replaced and permanently locked. Hence, V1 investors must withdraw and re-stake their tokens in the V2 contract. The amount of Sponge V2 an investor can earn is determined by the quantity of V1 $SPONGE staked and the duration of the staking period.
Ever since the launch of Dogecoin in 2013, meme coins have been known to bring excellent returns to early investors. Some of the best projects to see huge gains include Tamadoge, Shiba Inu and most recently, Pepe coin. Government regulations have a great impact on the price of Sponge (OLD) and other currencies. While the memecoin passing on digital assets when you die mania has gone, a new bullish wave is on the horizon. If Sponge is able to capitalize on the current macroeconomic conditions and stay true to its long-term goals, it can potentially explode this year.
SPONGE Price Live Data
Sponge is a memecoin that has been gaining considerable momentum in the crypto space. It has an interesting tokenomics model that sets it apart from other memecoins. Out of a total supply of 40.4 billion tokens, Sponge has allocated 61% towards DEX liquidity, 29% towards unity, and 10% towards CEX. Like many other memecoins, Sponge was launched by an anonymous team. The team has not revealed their identities, and it is unclear whether they will do so in the future. The big question every investor asks remains; “is Sponge worth investing in?
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Although, right now we the most detailed ig investments review for 2021 do not know anything about the concept of the game, what we do know for certain is that there will be a free and a paid version. As mentioned, SPONGE is tradable on the open markets and is listed on centralized and decentralized exchanges. The token pumped 100x in May 2023, surprising investors and meme coin critiques.
Staking rewards
- Building on the first version, $SPONGE already has name recognition and utility.
- This demonstrates a growing community and investor base, increasing confidence in the project’s potential.
- With P2P trading, you have more freedom to select your preferred offers and trade directly with counterparties.
- While there have been no public announcements regarding these listings, the team is working on it.
- Spongebob ($SPONGE) is one of the hottest new meme tokens in the world of crypto that is still more than 500% above its launch price.
$SPONGE is easily one of the best meme coins to invest in right now. The token is a shitcoin that aims to gain value through hype and community spirit. The maximum supply of $SPONGE is 4,400,000,000 and the token is listed on dextools.io. The main use case of the token is to bring returns to early investors and to support the creation of high quality meme content. Instead, the team is relying solely on the power of marketing and buzz to encourage investors and reach a market cap of 1bn. The token has a strong discord and telegram community and is also beginning to make headlines in the crypto space as the next meme coin to 100x.
- Please ensure you fully understand the risks and seek independent advice.By continuing to use this website you agree to our terms and conditions and privacy policy.
- The project has just launched its stake-to-bridge platform, enabling investors to secure early access before exchange listings.
- It is important to note that Sponge has no association with the SpongeBob SquarePants show and its creators.
What is the easiest way to buy Sponge V2 tokens?
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. It is essential to ensure you have a secure wallet, such as MetaMask, ready to receive and store your Sponge V2 tokens.
The existing community, established relationships with tier-one exchanges, and a proven ability to forex brokers uk forex broker reviews best forex brokers online create hype and FOMO further strengthen the investment case. A robust Bitcoin (BTC) market often pulls the rest of the crypto market along. In previous bull runs, we’ve seen investors who’ve made profits from large-cap coins cycle their earnings into more speculative investments, such as the best meme coins.
The bonus $SPONGEV2 tokens can be claimed following the full sale of V1 tokens and the initiation of the V2 token. If you’re looking for other investment opportunities, check out our list of the top crypto ICOs to consider. As a reward for this action, investors will receive $SPONGEV2 tokens at predetermined intervals over the next four years. Staking is required to obtain the new tokens during the smooth transition between cycles. V1 tokens are locked via a special distribution process, and only a stake-to-bridge utility can be used to obtain $SPONGEV2. Sponge V2 aspires to generate comparable or even more hype and FOMO (Fear Of Missing Out) than its predecessor.
Sponge V2 enhances its utility with a “Stake-to-Bridge” mechanism to connect to the V1 ecosystem. It appears that Sponge V2 has taken notes from meme coins like Pepe to a beginners guide to bitcoin 2021 improve its offering and attract more investors. Interestingly, the project has opted not to conduct an initial coin offering (ICO) or token presale for Sponge V2.
Is $SPONGE legit?
Download the CMC mobile app to get the live price of SPONGE, BTC and other cryptocurrencies. The acquisition of the Sponge V2 Token is currently restricted to the Token’s official website. To buy the Token, you will need ETH or USDT from the best stock trading apps.
The primary reason for the bridge is that SPONGE V1 has revamped the project to include extra features and added utility, making it one of the best shitcoins to consider. It is crucial for projects to develop and have some form of utility behind them. Otherwise, they can simply fade away like the 100’s of the small cap coins which are launched on DEX exchanges. This token is simply paying homage to a meme we all love and recognise.$SPONGEV2 is a meme coin with no intrinsic value or expectation of financial return. The coin is completely useless and for entertainment purposes only.