The total number of Sponge V2 tokens in supply is 250 billion. You can use the ticket symbol SPONGEV2 to find the token once it is listed on crypto zarges skymaster x trade 3 exchanges. You will receive V2 tokens as staking rewards when you lock up your V1.

  • With Simpleswap we can buy ETH and receive it directly on our on-chain Metamask wallet, skipping most of the steps we’d have to take through a traditional exchange.
  • This process allows your wallet to interact with the Sponge V2 platform and its smart contracts.
  • You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is $SPONGE Standards.
  • Some may consider the newer version another opportunity to get what they missed with 2023’s launch.

Step 3: Transfer tokens to secure wallet

Once you have your ETH in MetaMask or TrustWallet, the next step is to connect your wallet to the Ethereum network via the Sponge V2 website. This process allows your wallet to interact with the Sponge V2 platform and its smart contracts. Another significant milestone is the launch of the Sponge Game app, which marks the project’s entry into the gaming industry. The app provides users an interactive gaming experience and creates new avenues for engagement and adoption. Metamask is by far the most used walled in the world of Ethereum.

Sponge Price Chart (USD)

While the free version allows users to simply play for fun, the paid version will require users to purchase game credits using the SPONGE V2 tokens. The game credits will enable users to enjoy the play-to-earn version and potentially gain more SPONGE V2. The team behind SPONGE V1 is developing a new bespoke play-to-earn game which will add a more fun-filled experience for SPONGE community members. Users will be able to participate in the game to potentially receive token rewards for playing time and earn their spot on the leader boards. Sponge V2 token is a new meme coin that has attracted the attention of crypto investors online.

The V1 tokens will then be bridged, meaning your staking rewards will be paid in Sponge V2. The stake-to-bridge model will be available for a limited time frame. Therefore, early investors will be rewarded with a more favorable exchange rate.After bridging Sponge V1, investors will receive staking rewards for four years. Sponge V2 is the second edition of Sponge; a popular meme coin that exploded in May 2023. To understand why Sponge V2 could be the next crypto to explode, let’s take a step back.

Token Sales

  • If you already own SPONGE, you can manually swap your tokens for V2.
  • Despite this, the SPONGE ecosystem has demonstrated impressive resilience, with more than 11,600 holders according to the etherscan tool.
  • Additionally, the SPONGE team has given the option to buy SPONGE using card payment.
  • During her studies, Ruby developed an interest in financial psychology and began writing content around the topic on a freelance basis.
  • Discover how Sponge Coin’s eco-friendly initiatives and decentralized governance model are reshaping the landscape of digital assets.

In recent months the cryptocurrency market has seen immense popularity, with the growing interest creating price spikes across many popular cryptos. Historically, the bullish market sentiment creates demand for not only the mainstream crypto tokens, but also the vast array of meme coins. Most recently the likes of PEPE, BONK and BOB have seen exponential growth, outperforming the majority of top market cap coins. During the last year, another popular meme coin called SPONGE became one of the biggest meme coins of 2023, giving early contributors a 100x gain. Now the team behind SPONGE is revamping the infamous meme coin and bridging to a version 2.0.

How much can I earn staking Sponge V2?

Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Ethereum Network, Metamask will be your best friend. Download the CMC mobile app to get the live price of SPONGE, BTC and other cryptocurrencies. The bitcoin now accepted at starbucks whole foods and dozens of other major retailers total supply of SPONGE is 4.4B SPONGE tokens, of which around 24.6B (61%) is currently circulating, according to the project. One of the unique features of Sponge is its partnership with Tamadoge, a Web3 gaming project.

The tokens should appear in your crypto wallet after a few minutes. Like many other memecoins, Sponge was launched by an anonymous team. The team has not revealed their identities, and it is unclear whether they will do so in the future. Sponge (SPONGE) is a zero-tax memecoin derived from, but not affiliated to, the beloved cartoon character SpongeBob SquarePants. I expect nothing less than 100x from Sponge V2, as it plan to follow the pattern of the V1 token’s viral success. When V1, first launched $SPONGE went from a market cap of $1 million to over $100 chainlink trade price history chainlink trade group review million.

Here, we will explore the pros and cons of buying Sponge V2 tokens in 2023. To understand Sponge V2’s potential to experience significant growth, let’s examine Sponge V1. The first version of Sponge experienced a remarkable surge shortly after its launch, with its market capitalization skyrocketing from $1 million to nearly $100 million. This impressive growth resulted in substantial gains for early investors, with returns of almost 100x. $SPONGE is the latest meme coin to hit exchanges and has already generated hype amongst meme enthusiasts. The project stands out from other crypto offerings because the token went straight to DEX listing and did not go through any presale.

Buying crypto with gift cards is still a relatively underused method, but a good one. You can easily create an account via a gift card and exchange for Sponge ($SPONGE) when supported. Are you interested in buying Sponge ($SPONGE) or exploring other cryptocurrencies? Explore all the ways you can buy Sponge ($SPONGE) with this guide.KuCoin supports over 700 cryptocurrencies and is constantly adding more crypto gems to our platform.

Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into $SPONGE. Adewunmi’s style entails transforming technical topics into simple, captivating, and concise content for her audience. The easiest way is using Ethereum, as demonstrated in the guide. Begin by signing up for an account on eToro if you still need to get one.

Where is Sponge V2 token listed?

Nevertheless, Spongebob token has attracted interested from meme coin investors and is already making headlines in the news. At this stage, it is not crazy to think that $SPONGE could be the next meme token to explode. Once you have found the official website, you will need to connect your crypto wallet. You can use Meta Mask, Wallet Connect, UniSwap Wallet and Coinbase Wallet to buy $SPONGE. However, mobile users may want to consider Wallet Connect or Coinbase Wallet.

V2 tokens will continue to be released from the locked V1 tokens for the next four years. SpongeV2 tokens will come through the stake-to-bridge approach. The project will retain equal V2 tokens for all V1 tokens sent to the new staking pool. Hence, SpongeV1 will cease circulation, leaving the floor for SpongeV2.

The first V1 token could not keep people’s interest long because it was a meme coin without utility. SpongeV2’s introduction of staking rewards will keep people’s interest. That means we can expect more demand in 2025—enough to force a bull run.