The upgraded version of the $SPONGE meme coin, Sponge V2, is generating a buzz ahead of its launch, with the potential for sizeable returns.
Investors are anticipating the potential of Sponge V2, given the success of the original $SPONGE token back in May 2023.
Sponge V2 is an improved version that offers new and existing investors an opportunity to leverage the renewed interest in meme coins through its ‘Stake-to-Bridge’ mechanism, designed to connect to the original $SPONGE ecosystem.
Key Insights into the Ongoing $SPONGE V2 Sale and Token Transition
The launch of $SPONGEV2 is linked to the depletion of the remaining Sponge V1 supply, which is expected to happen within a few days.
Investors can secure their $SPONGEV2 before its official launch by staking and locking their V1 tokens, which will enable them to receive staking rewards in the form of V2 tokens over the next four years.
Step-by-Step Guide: How to Acquire $SPONGEV2 Tokens Through Staking and Bridging
To acquire Sponge V2, investors should utilize a crypto wallet that supports ERC-20 tokens, such as MetaMask, and then proceed to fund it with Ethereum (ETH) or Tether (USDT).
Investors need to purchase Sponge V1 and stake it for bridging to V2 since direct purchase of $SPONGEV2 tokens is not currently available.
SPONGEV2’s Yield-Earning Stake-to-Bridge Protocol and Crypto Gaming Expansion
Sponge V2 introduces an innovative ‘Stake-to-Bridge’ protocol that allows $SPONGE holders to earn yields in the form of $SPONGEV2, with current yields standing at 402% per year.
The upgrade also aims to tap into the crypto gaming space, planning to develop a play-to-earn (P2E) racing game where users can earn $SPONGEV2 tokens by participating and winning races.
Speculation and Interest Surrounding $SPONGE and $SPONGEV2 Investments
There are speculations that Justin Sun, the former Tron CEO, might be considering a substantial investment in Sponge V2.
Justin Sun’s recent sizable wallet transfer has fueled this speculation, prompting significant interest within the $SPONGE community.
Hot Take
Invest in $SPONGEV2 at sponge.vip.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.