However, the launch of SPONGE V2 has a slightly different format than a typical presale. The reason for this is that the original SPONGE V1 will be migrating to V2. Therefore, in order to obtain SPONGE V2, users will need to stake-to-bridge the original SPONGE tokens on the official website. Sponge V2 token is a new meme coin that has attracted the attention of crypto investors online. Before learning how to buy the token in 2024, here is an overview of the SPONGEV2 project.

SpongeBob Stablecoin Exchanges

1. $SPONGE is an ERC20 asset which means that you can swap a number of Ethereum-based tokens for the meme coin.
2. The free version will be meant for Web 2 players, and the Web 3 version will be meant for crypto enthusiasts.
3. The Sponge V2 staking dashboard shows that more than 3.8 billion tokens have been staked, and the current reward rate stands at more than 400%.
4. Investors will need to swap these tokens for $SPONGE on the project’s site.

There are thousands of views and hundreds of likes and retweets for this project. It indicates that a new community has already started to form around this token. Those who refrain from extracting their Sponge V2 tokens as soon as they arrive will get access to a lucrative APY. With over 27k followers on Twitter, Sponge continues to maintain a respectable market capitalization to this day, hovering just above the $12 million mark.

SpongeBob Exchanges FAQ

In this guide we will explain how to buy SPONGE V2, the tokenomics and review the new utility behind one of the most popular meme coins of 2023. Sponge (SPONGE) is a zero-tax memecoin derived from, but not affiliated to, the beloved cartoon character SpongeBob SquarePants. 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. The primary reason for the bridge is that SPONGE V1 has revamped the project to include extra features and added utility, making it one of the best shitcoins to consider.

Beyond Acquiring Tokens

You can buy Sei with USDT on the Binance cryptocurrency exchange. Binance is one of the most popular cryptocurrency exchanges in the world, and handled $ 40.96M worth bytecoin mining of Sei trading volume in the last 24 hours. Binance also lists a very large number of other cryptocurrencies, so you will have plenty of trading options in addition to Sei. SpongeBob is trading on 1 cryptocurrency exchanges across 1 trading pairs.The most popular SpongeBob pair isSPONGE/USDTon OrangeX,where it has a trading volume of $ 86,695.

To get access to Sponge V2, you must stake your Sponge V1 tokens via the staking pool. Once the token launches, you will gain the exact number of Sponge V2 tokens. The developers behind $SPONGE are hard at work on a new play-to-earn game that will let players race around Bikini Bottom as Spongebob and friends. In the P2E version, players who climb the game’s leaderboard will be rewarded with $SPONGE V2 tokens.

Staked tokens will be permanently locked, so investors cannot get them back. The locked tokens will generate rewards, paid in V2 tokens, at a variable APY for a period of 4 years. The $SPONGE V2 sale is distinct from most other top crypto presales in that investors can’t simply buy $SPONGE V2 tokens. Instead, the only way to acquire $SPONGE V2 is by bridging from the V1 token. $SPONGE V2 is an upgrade on the original $SPONGE meme coin, which launched in May 2023. Set up a crypto wallet like MetaMask that’s compatible with ERC-20 tokens.

Focused on community and gaming, SPONGE's goal is to increase its market cap to $1 billion, attract over 100,000 holders, and secure listings on "tier 1" exchanges. You can buy Sei with a credit card on Binance and other exchanges like KuCoin, Bybit and gate.io. Using a credit card is a fast and convenient payment method for purchasing cryptocurrencies, but typically comes with higher fees than other ways of buying cryptocurrency with fiat. If you already own SPONGE, you can manually swap your tokens for V2.

How to buy $SPONGE 2024 – conclusion

The goal is also likely to be within reach—$SPONGE already has a $16 million market cap, so it would require less than a 7x gain to reach $100 million. The development team hasn’t yet announced a launch date for the game, but it’s expected to go live in 2024. The game can increase the appeal of $SPONGE to audiences like gamers who may not otherwise join the project.

The token was launched in May 2023 and has already generated hype amongst meme enthusiasts and crypto investors. The Spongebob meme token was created to recreate the success of Pepe coin and Tamadoge . The aim of the project is to generate excellent returns for investors and to build a community of investors who believe in the token’s ability to increase in value. Meme coins are known for providing early investors with impressive returns.

The Sponge V2 staking dashboard shows that more than 3.8 billion tokens have been staked, and the current reward rate stands at more than 400%. 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. Investors can increase their holdings over a 4-year period, starting at a minimum APY of 40%.

While the memecoin mania has gone, a new bullish wave is on the horizon. If Sponge is able to capitalize on the current macroeconomic conditions and stay true to its long-term goals, it can potentially explode this year. The same staking perk that has made Sponge V2 rule the headlines is also the reason for this token’s long-term perks.

The price of Sponge V1 tokens at press time is accumulating around the $0.0005 mark, which means spending 0.1 ETH will allow you to earn about 378.4k Sponge V2 tokens. However, the whitepaper has said that users will be able to earn $SPONGEV2 tokens by playing. The free version will be meant for Web 2 players, and the Web 3 version will be meant for crypto enthusiasts. This move can entice non-crypto gamers to look at P2E games in a new light. Sponge arrived at the heels of PEPE, a memecoin that achieved what no token was able to amidst the crypto winter, launching and quickly reaching the $1 billion market cap. Sponge first went live on Uniswap and is now available on multiple exchanges.

Some of the best projects to see huge gains include Tamadoge, Shiba Inu and most recently, Pepe coin. After a fast presale, $SPONGE launched with a market cap of $1 million and quickly rocketed to a valuation of almost $100 million. The project now has more than 11,600 token holders according to DEXTools. Click ‘Stake $SPONGE’ to permanently stake and lock the purchased V1 tokens to the new V2 smart contract. When $SPONGE V2 launches, these locked tokens will generate staking rewards paid in V2 tokens to the connected crypto wallet.