This strategy focuses on increasing brand awareness, community engagement, and a supportive network of $SPONGE holders. The first objective is to secure listings on tier 1 centralized exchanges compare the top spread betting companies for 2025 (CEX), renowned for their credibility and high trading volumes. $SPONGE aims to potentially boost liquidity and market demand by listing on these exchanges.

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. Find out more about Bob (BOB) — another popular memecoin related to Pepe.

You will receive V2 tokens as staking rewards when you lock up your V1. This mechanism has been put into place to slowly take V1 tokens out of circulation. The V2 tokens will be gradually released over a period of 4 years. “Not your keys, not your coins” is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Sponge ($SPONGE) to a non-custodial wallet.

How to buy $SPONGE 2025 – conclusion

However, the price of meme tokens moves quickly and there is no guarantee that you will make returns if you invest too late! It is also important to consider the fact that the crypto market is highly volatile and future price cannot be predicted. $SPONGE is easily one of the best meme coins to invest in right now. The token is a shitcoin that aims to gain value through hype and community spirit. The maximum supply of $SPONGE is 4,400,000,000 and the token is listed on dextools.io.

The V2 payments will be distributed over 4 years to encourage long-term holding and prevent sell-offs. Stockapps.com has no intention that any of the information it provides is used for illegal purposes. It is your own personal responsibility to make sure that all age and other relevant requirements are adhered to before registering with a trading, investing or betting operator. Contracts for Difference (“CFDs”) are leveraged products and carry a significant risk of loss to your capital. Please ensure you fully understand the risks and seek independent advice.By continuing to use this website you agree to our terms and conditions and privacy policy. The easiest way is using Ethereum, as demonstrated in the guide.

Our Review Process to Ensure Reliable Information

Out of this supply, 26.93% or 40.4 billion tokens will be made available to early investors. The remaining sell bitcoin in the united kingdom tokens will be allocated for staking income, CEX liquidity, and play-to-earn rewards. This guide will explain the process of purchasing Sponge V2 tokens in 2023. However, we can’t say much about the project as of this writing.

Sponge V2 Token Price Prediction 2023 – 2030

These returns are driven primarily by social media hype and community support. Sponge V2 is a strong contender in the meme token space because it offers added utility which could who is banksy and whats his net worth drive even more value to the project. SPONGEV2 is one of the first meme coins to offer utility which will appeal to both meme coin enthusiasts and long-term investors.

This gave it extra exposure among the web3 community, which attracted even more traders to purchase the tokens. 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.

  • When you buy V1 tokens, they will automatically be sent to the staking pool.
  • This is mainly due to there still being a supportive community backing, with the project firmly holding over $10 million market cap and thousands of token holders.
  • Peer-to-peer (P2P) exchanges connect buyers and sellers directly, allowing you to buy or sell crypto using various payment methods.
  • This is due to it having an existing community backing and substantial market cap.
  • Like many other memecoins, Sponge was launched by an anonymous team.

How to buy other cryptocurrencies

In contrast to centralized exchanges like KuCoin, decentralized exchanges provide trustless crypto swapping based on self-executing smart contracts. Decentralized exchanges like Uniswap support buying and trading of thousands of crypto trading pairs. Most tokens are on EVM-compatible blockchains such as Ethereum and Polygon. To interact with a DEX, you will need to connect to the DEX using a compatible wallet such as MetaMask. Yes, Sponge token is a legit project which has already seen immense success in 2023.

Step 4: Swap the Tokens

It is a good idea to double-check the legitimacy of the website before connecting your crypto wallet. The official website is protected with an SSL certificate and should have an ‘s’ in the URL after ‘http’. If the website does not have this, it is a sign that you are using the wrong website. In general, never connect your crypto wallet to a website that isn’t secured by SSL. To invest in $SPONGE and make the most of future gains, you will need to buy the token from the exchange which can be accessed by the official $SPONGE website. MetaMask and Trust Wallet are supported on the official Sponge website.

Due to his financial background, Dimal has great analytical skills which he uses to write in-depth content about emerging crypto projects. Dimal is a digital asset enthusiast and has worked in several well-established cryptocurrency start-ups and blockchain payments companies including CoinBurp and Nuvei. He is future thinker and global financial visionary, exploring how payments and money transfer are evolving with web3. Swaps are conducted on the Ethereum network, meaning users will need to use ETH or USDT on the ERC20 network. Additionally, the SPONGE team has given the option to buy SPONGE using card payment.

To become a part of the SPONGE community and take part in the launch, users can visit the official website to acquire SPONGE tokens and stake them to receive V2 token rewards. The project took off in full force and rapidly expanded the community following across social media and Telegram. SPONGE V1 was simply a fun-filled meme coin with no utility or functionality.

  • The team has not revealed their identities, and it is unclear whether they will do so in the future.
  • Information provided is for informational and educational purposes only and does not represent any type of financial advice and/or investment recommendation.
  • The crypto market is highly volatile, and the value of tokens can fluctuate significantly.
  • 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.

Despite the anonymity of the team, they have been actively promoting the memecoin on social media platforms such as Twitter, Telegram, and Discord. They have also been engaging with the community and answering questions about the project. Although, right now we do not know anything about the concept of the game, what we do know for certain is that there will be a free and a paid version. 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. As mentioned, SPONGE is tradable on the open markets and is listed on centralized and decentralized exchanges.

Calculate the Returns on Your Sponge Investment

However, don’t expect the token to hold up like long-term cryptos with more prominent utilities. Buying SpongeV2 before exchange listings allows you to stake the token and earn more tokens with 162% rewards. Those who swap with ETH will earn 325% rewards with more SpongeV2 tokens. Even those with SpongeV1 tokens can stake to earn the new coins and claim them during launch. This token looks like the prominent SpongeBob SquarePants from Nickelodeon. However, the project has no association with the television network.