Once the token launches, you will gain the exact number of Sponge V2 tokens. The tokens should appear in your crypto wallet after a few minutes. It is a good idea to double-check the legitimacy of the website before connecting your crypto wallet. The official website is protected with an SSL certificate and should have an ‘s’ in the URL after ‘http’.

After all, when Bitcoin enters a bullish cycle, significant amounts of capital flow into meme coins. This is exactly what happened during the prior bull cycle, with Shiba Inu increasing by millions of percent from its initial listing price. The idea is simple; hype https://www.coinbreakingnews.info/ leads to FOMO, which results in significant upside potential. However, the only way to gain access is through a stake-to-bridge model. Nevertheless, Spongebob token has attracted interested from meme coin investors and is already making headlines in the news.

Sponge V2 uses a dynamic staking model, meaning APYs are determined by the number of tokens being staked. That said, Sponge V2 claims that the minimum APY will be 40%. After confirming the investment, the coins will be deducted from MetaMask via a smart contract. The coins are used to buy Sponge V1, which are then locked into a staking pool indefinitely.

How to Buy Spong Token – Step-by-Step Guide

It indicates that a new community has already started to form around this token. Buy $SPONGE tokens and stake them on our website to earn #SpongeV2. This result was surprising for most in the crypto space, considering the project didn’t advertise any utilities or had other fundamentals.

1. With that in mind, here is a quick guide to buying Sponge.
2. Entering the number will automatically tell you the number of Sponge V2 tokens you will receive.
3. Since then, Ruby has actively invested in the crypto market with a focus on long-term investing.
4. You’ll need some cryptocurrencies in your MetaMask wallet before buying Sponge V2.

And the more hype gets built, there more there is a potential for stakers to make early moving gains. Not only does this offer a use case for holders but it can help attract new buyers. The play-to-earn game also offers an additional angel when marketing the project to investors. We’ve explained that Sponge V2 is a new meme coin, continuing the success of Sponge V1.

How To Buy $SPONGE – Next 100x Meme Coin

Sponge V2 requires investors to bridge and stake Sponge V1. Those without Sponge V1 can complete the investment process by swapping Ethereum or Tether. Investors will then receive staking rewards in Sponge V2 tokens.

Ruby is also an experienced trader with good analytical skills. However, if you have more time, we recommend using eToro to purchase ETH tokens because the broker is fully regulated, easy to use and offers low fees. If you use eToro to buy ETH, you will need to transfer the tokens to a wallet that can be connected to the spongebobtoken.io website.

Sponge ($SPONGE) is a memecoin inspired by Spongebob Squarepants. It was released in May 2023 and went on to make 100x gains for early movers. Sponge V2 is the second coming of this project which bridges Sponge V1 to Sponge V2 and brings staking and gaming perks. Gripped by the memecoin fever, people came in droves, investing in whatever memecoins they found appealing. Sponge, with its quirky look and whacky inspiration, was one of the key tokens that got people’s attention.

New Play-to-Earn Game

Not to mention relationships with tier-one exchanges, a huge marketing budget, and a proven ability to create hype and FOMO. The only way to buy Sponge V2 is by staking and bridging Sponge V1 tokens. The process takes less than 10 minutes from start to finish. This includes Bitcoin’s next halving event, plus the expectation of a Bitcoin ETF approval from the SEC.

What is Sponge token?

The balance will be allocated to staking income, CEX liquidity, marketing, game development, and play-to-earn rewards. Sponge V2 operates on the Ethereum blockchain, meaning it can be stored in the best ERC-20 wallets. The Sponge team has proven its ability to secure large-scale exchange listings. While the project is just six months old, Sponge V1 is listed on some of the best crypto exchanges.

The current reports suggest that the interest in Sponge V1 tokens is very high. So far, more than $2 million worth of Sponge V1 tokens have been staked and bridged. However, this new version of Sponge tokens isn’t as simple. Those who refrain from extracting their Sponge V2 tokens as soon as they arrive will get access to a lucrative APY. To get access to Sponge V2, you must stake your Sponge V1 tokens via the staking pool.

However, Sponge V2 is not only planning to ride the wave of the upcoming bullish movement. It aims to “absorb all the damp”, which is the project’s way of saying that it intends to absorb all the liquidity held by the leading memecoins in the market. This guide covers how to buy Sponge crypto tokens in 2024. We also offer an https://www.cryptonews.wiki/ insight into its novel stake-to-bridge model that will give you access to Sponge V2, a new crypto with multiple upsides. Before you can buy $SPONGE tokens, you will need to fund your crypto wallet with crypto tokens. $SPONGE is an ERC20 asset which means that you can swap a number of Ethereum-based tokens for the meme coin.

Passive income seekers can keep their tokens staked and can potentially increase their holdings over the course of the next four years. The starting APY is 40%, the highest among any staking project active right now. The reason https://www.cryptominer.services/ was simple – it never left its meme-based roots. The roots of a memecoin are steeped with the feeling of community. Now that Sponge is bridging from V1 to V2, people have more than a few reasons to stay invested in this token.

Step 2: Connect crypto wallet

Could Sponge V2 be the next billion-dollar meme coin for 2024? The project has just launched its stake-to-bridge platform, enabling investors to secure early access before exchange listings. One of the most effective ways to produce returns of 100x or more is to secure tier-one exchange listings. Historically, leading exchanges were reluctant to add unproven meme coins, citing increased volatility and speculation. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.