Sponge V2 Pre-Launch Campaign Hits $3.5 Million Milestone
The pre-launch campaign for Sponge V2 has reached a significant milestone, surpassing $3.5 million in staked tokens. This has generated a lot of excitement among meme coin traders, leading to a 500% increase in the value of $SPONGE since November.
Transitioning from Sponge V1 to V2
Sponge V1 token holders are required to stake their tokens in the V2 staking contract before February 5, 2024. By doing so, they will receive an equivalent amount of V2 tokens and additional staking yield. The current yield is 235%, but it will decrease as more tokens are staked.
New investors can buy and stake Sponge V2 on the Sponge.vip website, earning additional staking yield until the campaign ends.
The History of Sponge
Sponge was launched in May 2023 and experienced significant growth, reaching a $100 million market cap and providing substantial returns for early investors. However, its value retraced by 51% from its peak in late January.
Why Sponge V2 Could Be a Better Investment
Sponge V2 offers token utility and aims to be listed on bigger exchanges like Binance or Coinbase. Additionally, it is expected to benefit from more favorable market conditions compared to its predecessor.
Sponge V2 P2E Game and Tokenomics Explained
Details about Sponge V2’s Play-to-Earn game will be released later. The token’s integration of utility sets it apart from other meme coins driven mainly by hype and speculation. Over 51% of the tokens are allocated for staking and P2E rewards, making it community-centric.
The total supply of Sponge V2 tokens is 150,000,000,000.
Hot Take: Sponge V2’s Potential in the Crypto Market
Sponge V2’s pre-launch campaign has gained significant traction and generated excitement among meme coin traders. With its token utility, potential listings on major exchanges, and a more favorable market environment, Sponge V2 could prove to be a promising investment opportunity. However, as with any investment in cryptocurrencies, it is important to conduct thorough research and exercise caution.
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