The newly announced $SPONGE V2 launch has seen a whopping $2 million invested in the staking contract as the anticipation builds for the first 100x meme coin run in 2024.
Investors are keen to get positioned in the next incarnation of the legendary meme coin as they believe it has the potential to replicate its success seen in 2023.
Users looking to get positioned need to use the novel stake-to-bridge utility, which ensures the fairest distribution for the V2 upgrade.
What you'll learn 👉
$SPONGE Back For Another Wild 100x Ride in 2024
The next incarnation of the legendary Spongebob Token recently announced that it’s back for another wild 100x ride in 2024 with its V2 upgrade.
The newly invigorated meme coin is bigger and better than ever as it prepares to “absorb the damp” and replicate the success it saw during 2023.
The novel presale mechanism has attracted over $2 million in staked funds, demonstrating the building momentum behind the project.
The original version of the token launched during the bearish market in May 2023 but quickly became one of the most popular meme coins in the sector, allowing it to surge from a $1 million market cap level to as much as $100 million at the height of its popularity.
As a result of its success, a string of centralized exchanges rushed to list the token, with popular companies like Gate.io, MEXC, and Bitget being first in line.
The meme coin is based on the popular Nickelodeon show and describes itself as the Krabby Patty of meme coins – paying homage to its roots.
Now, $SPONGE is back with a V2 upgrade that can only be acquired through the unique stake-to-bridge utility to ensure the fairest distribution for everybody involved.
Unique Stake-to-Bridge Mechanism For Fair Distribution
The V2 upgrade for $SPONGE is not a standard presale. Instead, users will need to stake their assets in the stake-to-bridge utility to get positioned in the upgraded version of $SPONGE.
There are two specific ways to get positioned before the staking period ends.
The first is to buy and stake V1 through the official $SPONGE website. This is designed for those who didn’t initially participate in V1, allowing them to get in on the action.
Users can purchase $SPONGE using ETH, USDT, or a credit card.
The second way to get positioned in the V2 $SPONGE is by staking V1 $SPONGE on the staking contract through the website.
The more $SPONGE staked and the more extended period committed to staking, the more V2 tokens are earned on the V2 launch.
All V1 $SPONGE that enters the stake-to-bridge staking contract will be permanently locked to support the transition away from the V1 version of the token.
Those that keep their $SPONGE staked following the launch will see their holdings increase over a 4-year period, which starts at a minimum of 40% APY.
The V2 $SPONGE will be made available to claim once the remaining V1 $SPONGE tokens are sold.
Powerful Utility Driven 100x Surge
The team behind $SPONGE isn’t relying on a bullish market to provide the first 100x meme coin return in 2024.
Instead, the team will introduce a series of utilities to the token, starting with a fun play-to-earn game.
The bespoke P2E game is designed to bring more fun and addiction to the ecosystem, allowing players to earn $SPONGE by playing and ranking higher in the leaderboard.
There will be a free and paid version of the game, with the latter providing rewards. Users will have to spend $SPONGE to purchase game credits in the ecosystem, allowing them to participate.
Get Positioned Now Before It’s Too Late
With the presale already raising an impressive $2 million in staked $SPONGE, the time to get positioned is running short.
As mentioned, the only way to get positioned in the V2 $SPONGE is through the V2 staking contract on the project’s website.
Those staking their $SPONGE in the original staking contract must remove their assets and re-stake them in the V2 staking contract to participate in the upgrade.
Considering that the team behind $SPONGE has already produced a 100x return in 2023, investors increasingly believe they can produce another 100x return once the V2 $SPONGE launches.
Overall, $SPONGE is setting the foundation for another wild ride ahead in 2024 as it aims to become the first meme coin to surge by over 100x during the year.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
