Sponge V2 (SPONGE) is a new version of a popular crypto project from 2023 called Sponge (SPONGE). The original project launched last year only to see a 100x pump and bring massive earnings to its early investors.
But, the developers realized that they could improve the project and make it bigger and better, which is why they discontinued the original Sponge, and launched Sponge V2.
Claiming Sponge Tokens
Of course, all those who bought Sponge V1 tokens had their cryptocurrencies bridged, and the project also allowed them to stake the tokens and start earning staking rewards. Meanwhile, users were also able to buy new Sponge V2 tokens directly with MATIC, USDT, or credit/debit card.
Recently, however, the project announced that users are free to claim their new SPONGE. With the long-awaited moment finally arriving, investors were able to claim SPONGE or staking rewards.
Users can claim Sponge by visiting the project’s staking page, connecting the wallet they used to purchase the tokens, and claiming SPONGE on the page.
Buying SPONGE tokens is still possible on the project’s website, not to mention that it is highly rewarding. Those who bought Sponge V1 during presale now own Sponge V2, which saw a value increase of over 440%.
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Furthermore, the project is believed to have a 1000x potential in 2024, especially with new listings on Polygon’s CEX and DEX.
What Is Next For Sponge?
With the initial listings out of the way, Sponge will next focus on bigger and better exchanges moving forward. Apart from that, Stage 2 of its roadmap will see the start of the development of Sponge’s upcoming game. During this period, the project also intended to reach 10,000 holders.
However, according to the DEXTools data, this milestone was reached a long time ago, as SPONGE currently has 57.71k holders.
The project’s focus moving forward will be on three things — reaching Tier 1 CEX listings, developing its game, and building up its market cap and community.
Another thing worth noting is something new investors should keep in mind. This is the fact that Sponge is not associated in any way with Nickelodeon or their creation, SpongeBob SquarePants.
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Instead, it was inspired by the SpongeBob memes. It says so itself on its website, noting that “This token is simply paying homage to a meme we all love and recognize. $SPONGEV2 is a meme coin with no intrinsic value or expectation of financial return. There is no formal team. The Sponge ecosystem may offer P2E aspects; however, the coin is intended for entertainment purposes only.”
