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SPONGEV2 follows memecoin SPONGE
At the beginning of 2023, the digital currency market was trapped in a bearish environment. Although the Bitcoin price had already recovered, many altcoins were still suffering and there was a lack of risk appetite in the high interest rate environment until memecoins like PEPE brought back momentum.
Amid this phase, the SpongeBob Token (SPONGE) launched in May 2023. This event marked the beginning of a parabolic rally that put SPONGE at the center of attention in the world of memecoins. The token enjoyed considerable popularity and was able to generate profits for early adopters.
This dynamic and bullish development of SPONGE now serves as the starting point for SPONGEV2. The continued enthusiasm and commitment of this community is likely to be a key factor in the future success of SPONGEV2.
Here’s what the official website says:
Sponge V2 comes back, better than ever! Buy and stake $SPONGE using the widget above to receive the corresponding amount of bonus V2 tokens. Keep them in use to earn more Sponge V2! Purchased tokens can be viewed on the Staking V2 dashboard and can be claimed once SPONGE V2 is launched.
Official Sponge site
On the website, the team talks about a market cap of $100 million at the ATH, 13,000 SPONGE holders, listings on over ten different central exchanges and 30,000 followers on social media.
Sponge V2 attracts with presale
Sponge V2 is a new token and crypto presale that differs significantly from traditional presale models. For investors interested in purchasing Sponge V2, the following option applies.
Investors can purchase the Sponge V1 token directly via the purchase widget on the official website Sponge.vip. Once purchased, these tokens can be staked to earn rewards.
The special thing about this model is that the amount of Sponge V2 Tokens earned is directly proportional to the amount of Sponge V1 Tokens staked. The more Sponge V1 an investor stakes, the more Sponge V2 tokens they can earn. This process encourages active participation and long-term holding of the Sponge V1 tokens. Because these are locked in the staking for the long term.
Once the available supply of Sponge V1 Tokens is exhausted, investors will be offered the opportunity to claim their earned Sponge V2 Tokens. This approach incentivizes early engagement and rewards those who actively participate in the staking dynamic. Because as soon as all SPONGE tokens are sold out, the chance of participating in the SPONGEV2 presale ends.
The bridging takes place – V1 becomes V2 and should at best replicate the success of SPONGE.
Bonus, staking & gaming app
In addition, there are numerous new features in SPONGEV2. Initially, interested investors can earn SPONGEV2 exclusively by staking SPONGE.
With a purchase and staking bonus, investors can earn additional SPONGEV2 tokens and increase their holdings before trading starts. The staked SPONGE tokens are permanently locked because SPONGEV2 replaces the successful meme coin.
The team also wants to enter the gaming segment in various phases of the roadmap. First of all, “Sponge Game Research” is currently starting. Later, the Sponge Game will be developed and then a gaming app will be launched in order to become successful again in the memecoin market segment with more utility, staking and the play-2-earn game.
Anyone interested in memecoins like SPONGEV2 could carry out their own due diligence in December. Participation in advance sales can only be done via the official website.
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