After achieving a record-breaking 100x pump last year, Sponge ($SPONGE) has become a legend among meme coins, gaining major popularity.
Now, $SPONGE is back with an upgraded V2 version, introducing new features and a play-to-earn mobile game.
Could the new Sponge V2 ($SPONGE) replicate last year’s explosive 100x pump?
Let’s check it out and see what the V2 version brings to the table!
Sponge V2 ($SPONGE) — Presale Featuring Advanced Functions and a Play-to-Earn Game Inspired by the Popular Cartoon
Sponge V2 ($SPONGE) is the upgraded version of the original Sponge token, which made headlines with its impressive 100x return. The concept behind Sponge V2 centres on improving the features that made its predecessor successful while introducing new functionalities to sustain its popularity in the meme coin community.
Sponge V2 is primarily designed as a meme coin but with added features that set it apart from typical meme tokens.
The primary goal of Sponge V2 is to take advantage of its community appeal while providing real value through its play-to-earn game. This game allows users to earn $SPONGE tokens by participating in gameplay, thereby increasing engagement and driving demand for the token.
The tokenomics are carefully designed to ensure fair distribution and long-term growth. Specifically, 43.09% of the supply is allocated for staking rewards, 26.93% for bridging, 7.5% for marketing, 4.47% for game development, 8% for play-to-earn rewards, and 10% for liquidity on centralised exchanges.
Sponge V2 is also built on the Ethereum network, leveraging the ERC-20 standard for compatibility and security. The project aims to attract both new and existing investors by offering staking rewards and a structured roadmap that includes plans for listings on major exchanges like Binance and OKX, which could boost the token's visibility and value.
Sponge V2 Presale Includes a Bridging Function Where Participants Stake V1 Tokens to Receive the New V2
Unlike traditional presales, Sponge V2 requires participants to stake their Sponge V1 tokens to receive the new V2 tokens. This staking mechanism not only ensures a smooth transition from V1 to V2 but also locks in the value and support for the new token.
Investors can either purchase Sponge V1 and stake it via the official website or stake existing Sponge V1 holdings directly.
During the presale, investors benefit from a significant APY of around 55% on their staked tokens, with rewards distributed over a four-year period. This model motivates long-term holding and stability, which are essential for the token's sustained growth.
The Play-to-Earn Game "Sponge P2E Racer" Allows Users to Earn $SPONGE Tokens as Rewards
One of the standout features of Sponge V2 is its play-to-earn game, which adds a layer of real use beyond simple token holding and trading. The game, named "Sponge P2E Racer," allows players to race in a virtual world inspired by popular cartoon culture, earning $SPONGE tokens based on their performance and rankings.
This game is available in both free and paid versions, making it accessible to a wide range of users. Players who chose the paid version can use $SPONGE tokens to improve their gaming experience and earn more rewards.
The introduction of a P2E game is a strategic move to increase user engagement and token demand. By integrating gaming with crypto, Sponge V2 aims to attract both gamers and crypto enthusiasts, creating a robust community that supports the token's value.
The game's development is funded through the token's allocation for game development (4.47%) and rewards (8%), ensuring continuous updates and improvements to keep the community engaged.
Token Presale Ending Soon – Could the New Updates Trigger Another 100x Pump?
The presale offers investors a unique opportunity to acquire the new tokens at a potentially lower price, with the added benefit of staking rewards. As the presale is nearing its end, there is limited time left to participate, making it a crucial moment for those looking to get in early on this project.
The staking mechanism ensures that investors not only receive immediate V2 tokens but also benefit from ongoing rewards over the next four years. This long-term incentive structure is designed to promote a committed community.
Additionally, the anticipated listings on major exchanges like Binance and OKX could significantly boost the token's market presence and price, potentially bringing good returns for early investors.
Moreover, the integration of the play-to-earn game adds an extra layer of usability, making Sponge V2 more than just an investment. By participating in the presale, investors can position themselves to take full advantage of these upcoming developments and the token’s potential.
Conclusion
Sponge V2 ($SPONGE) represents an evolution of the original Sponge token, combining the community appeal of meme coins with practical use in its play-to-earn game.
The carefully planned tokenomics and strategic roadmap aim to ensure long-term growth and stability, supported by listings on major exchanges and continuous community engagement.
With its innovative approach and robust development plans, we’re about to see if Sponge V2 has the potential to replicate or even exceed the success of its predecessor.
