How to Buy SPONGE V2 in March 2024

$SPONGE is an explosive meme coin with a massive following. It surged nearly 100x when it first launched in May 2023, reaching a market cap of nearly $100 million.

Now, $SPONGE is transitioning from its original token to a V2 token that it promises will absorb even more damp. The only way to get the new token is by staking $SPONGE V1 tokens and bridging to V2.

In this guide, we’ll explain how to buy $SPONGE V2 and take a closer look at this coin’s potential.

SPONGE V2 Sale Key Points

Here are the key points investors need to know about the $SPONGE V2 sale happening now:

$SPONGE V2 is only available by staking and permanently locking V1 tokens.
Locking V1 tokens will yield staking rewards in V2 tokens for the next 4 years at a variable APY.
Investors who buy $SPONGE V1 now and bridge to V2 will earn a 100% purchase bonus in V2 tokens.
$SPONGE V2 will launch when the project sells out its remaining V1 tokens.

How to Buy SPONGE V2 ($SPONGE) in Five Simple Steps

Here’s how to buy $SPONGE V2 during the current sale:

Step 1: Get a Crypto Wallet

Download a crypto wallet that’s compatible with ERC-20 tokens like $SPONGE. We recommend MetaMask, which is secure, easy to use, and completely free.

Install MetaMask on a browser or smartphone. Then create an account and set a strong password. Write down the seed phrase and store it somewhere safe.

Step 2: Buy ETH or USDT

Investors must use ETH or USDT to buy $SPONGE on the project’s site. They can get these tokens from any centralized crypto exchange or directly through the exchange built into the MetaMask wallet.

If buying ETH or USDT from an exchange, transfer the tokens to the MetaMask wallet after purchase.

Step 3: Connect Wallet to SPONGE V2 Website

Visit the SPONGE site and click ‘Connect Wallet.’ Authorize the connection by following the on-screen prompts.

Step 4: Buy $SPONGE V1 Tokens

Investors must stake $SPONGE V1 tokens to bridge to V2. There’s no way to buy $SPONGE V2 tokens directly at this time.

So, on the project site, enter the amount of $SPONGE V1 tokens to purchase in ETH or USDT. Click ‘Buy’ to complete the purchase.

Step 5: Stake $SPONGE V1

Now, click ‘Stake $SPONGE’ to stake and permanently lock the newly purchased $SPONGE V1 tokens. The locked tokens will generate staking rewards in $SPONGE V2 tokens for the next 4 years, starting as soon as $SPONGE V2 officially launches. Staking rewards will be issued at a variable APY.

Investors who go through this process will also receive a bonus of V2 tokens equivalent to their purchase of V1 tokens. These bonus V2 tokens will be available to claim once the V2 token launches.

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What is SPONGE V2?

$SPONGE V2 is the second generation of the popular $SPONGE meme coin.

$SPONGE launched in May 2023 as a play on the Spongebob Squarepants meme, which was already popular within the crypto community. The token was an immediate hit, surging 100x to a nearly $100 million market cap within a few days of its launch.

$SPONGE has maintained its position as one of the best meme coins. It has a market cap of more than $16 million and a community of more than 11,600 token holders. It’s also listed on 10 popular crypto exchanges, including MEXC, Poloniex, Toobit, CoinW, LBank, BTCEX, Gate.io, BitMart, Bitget, and BitKan.

The $SPONGE community is dedicated to the project and stays engaged through social media. $SPONGE has more than 24,000 followers on X and almost 8,000 subscribers on Telegram.

The $SPONGE whitepaper describes $SPONGE V2 as a bigger, better, and more absorbent upgrade on the original token. It’s designed to position the project for new development, including bigger listing exchanges and a play-to-earn game.

SPONGE V2 Tokenomics and Bridging

$SPONGE V2 is an ERC-20 token with a total token supply of 150 billion tokens. The supply is allocated for six distinct purposes:

Staking rewards (43.09%)
V1 purchase bonus (26.93%)
P2E game development (4.47%)
P2E game rewards (8.00%)
CEX liquidity (10.00%)
Marketing (7.50%)

What’s unique about $SPONGE V2 is that investors can’t simply go out and buy it. The only way to get this token is to stake and permanently lock V1 tokens, creating a bridge to V2.

Investors who stake their V1 tokens will receive staking rewards in V2 tokens at a variable APY for the next 4 years.

New investors who buy $SPONGE V1 right now in order to bridge to V2 will earn a purchase bonus in V2 tokens. These tokens will be available to claim as soon as the V2 coin launches.

SPONGE V2’s Future Roadmap

The SPONGE team has set out an ambitious roadmap for the V2 token that paints a bright future for this project. Let’s take a look at the biggest goals on the roadmap.

Play-to-Earn Game

The team behind $SPONGE is developing a play-to-earn game that will allow players to race around Bikini Bottom as Spongebob, Patrick, and other characters from the Spongebob Squarepants universe.

Players who pay $SPONGE to play can climb the game’s leaderboards and earn prizes in $SPONGE. There will also be a demo version that’s free to play and doesn’t earn $SPONGE rewards.

The new game is expected to increase demand for $SPONGE while also keeping the community engaged. The team plans to release the new game in 2024.

Additional CEX Listings

The $SPONGE community is already listed on several major exchanges, but it’s setting its sights on Binance and OKX—the world’s two largest crypto exchanges.

Listing $SPONGE on these exchanges would likely send the token’s price skyrocketing. Meme coins that listed on Binance recently, including $BONK and $ORDI, saw their prices shoot upward in the days after the listings.

$100 Million Market Cap

$SPONGE nearly reached a $100 million market cap in May 2023, and the project has now made that achievement an official goal of the V2 roadmap. This represents a roughly 8x gain for the token from the current $SPONGE price.

It seems likely that $SPONGE could achieve this goal soon after the V2 launch, especially if the crypto market has a bullish 2024—as many analysts have predicted.

$SPONGE is also eyeing a $100 million market cap, which it nearly reached last spring. Listings on Binance and OKX could put this goal within reach, especially if the crypto market turns bullish in 2024 as many analysts predict.

Why Buy SPONGE V2 During the Presale?

There are a few reasons why investors could consider buying $SPONGE V2 during the current sale before it lands on exchanges.

First, investors who buy $SPONGE right now and bridge to V2 stand to earn a 100% purchase bonus. That means investors effectively get 2 $SPONGE for the price of 1—1 V1 token and 1 V2 token. That’s a deal that’s hard to pass up.

In addition, today’s investors can get ahead of any gains that come from the $SPONGE V2 launch. The original launch saw the V1 token explode 100x within days, and the same thing appears likely to happen with the V2 token.

Crypto influencers like Jacob Bury, who predicted the original $SPONGE’s success, are already predicting that $SPONGE V2 could be the next crypt to explode.

It also may not be long after launch before $SPONGE V2 achieves its goal of listing on Binance and OKX. These listings are likely to send the token’s price even higher, so investors will want to make sure they get in on $SPONGE before listing rumors start.

What Does Our SPONGE V2 Price Prediction Suggest For the Future?

$SPONGE V2 is looking like one of the best altcoins to buy for 2024. The token could easily surpass a $100 million market cap, delivering a quick 8x gain for investors.

In fact, that goal may not be ambitious enough. $PEPE, the famous meme coin that launched just weeks before $SPONGE, currently has a market cap of almost $550 million.

Could $SPONGE reach that lofty valuation? It certainly seems possible, especially if $SPONGE lists on Binance and OKX. Reaching this market cap would mean that investors today will earn a 35x return.

Conclusion

$SPONGE V2 offers a second chance for investors who missed out on $SPONGE’s original 100x gains. The token has enormous potential and could see listings on Binance and OKX soon after launch.

The only way to get $SPONGE V2 right now is to stake V1 tokens and bridge to the next generation of $SPONGE. Buy $SPONGE now to make the bridge and claim a 100% purchase bonus in V2 tokens.

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How to Buy SPONGE V2 in 2024 – Complete Guide

SPONGE V2 Sale Key Points