Those interested in this project should consider going to sponge.vip and buying Sponge tokens to stake them. Sponge first went live on Uniswap and is now available on multiple exchanges. However, now that the token is bridging to Sponge V2, it is important for investors to learn to take advantage of the novel stake-to-bridge model.
Out of a total supply of 40.4 billion tokens, Sponge has allocated 61% towards DEX liquidity, 29% towards unity, and 10% towards CEX. Sponge (SPONGE) is a zero-tax memecoin derived from, but not affiliated to, the beloved cartoon character SpongeBob SquarePants. Sponge is planning its second coming with the launch of its bridge to Sponge buy flights using cryptocurrencies V2 tokens. This new project is leveraging the current bullish fever and is offering different perks. These perks, which include staking and P2E, spell good news for early movers.
While Sponge V1 only had the community’s interest in memecoin and the inspiration from “Spongebob Squarepants” to count on, Sponge V2 is the token coming with a brand 6 best practices for saas billing new format. Sponge V2 is coming at a time when the new bull market is potentially coming. 2024 is poised to be the year for Bitcoin halving, with multiple enthusiasts anticipating a major buying frenzy as spot Bitcoin ETF applications get the SEC’s approval. SpongeBob’s current circulating supply is 36.36B SPONGE out of max supply of 40.40B SPONGE.
In terms of market cap, SpongeBob is currently ranked #2879 in the Ethereum (ERC20) Tokens sector and ranked #418 in the Meme Coins sector. Download the CMC mobile app to get the live price of SPONGE, BTC and other cryptocurrencies. Sponge (SPONGE) is a zero-tax gaming memecoin inspired by, yet not affiliated with, the beloved cartoon character SpongeBob.
With a strong V1 history and a large following backing the launch of the V2 polygon token, SPONGE is ready to dominate the Meme Coin market. With the announcement of stake-to-bridge, multiple investors are coming together to buy Sponge. There is an anticipation that the returns could be bigger this time. The project’s May 2023 launch resulted in 100x returns, and the same could happen again if the current level of craze for this token is maintained in the days to come. Sponge is a memecoin that has been gaining considerable momentum in the crypto space. It has an interesting tokenomics model that sets it apart from other memecoins.
- Sponge is a memecoin that has been gaining considerable momentum in the crypto space.
- After you have connected the wallet, enter the amount of ETH or USDT that you want to swap Sponge V1 tokens for.
- It is essential to do thorough research before making any investment decisions.
- Make sure that you have an adequate number of ETH or USDT before you do so.
- However, now that the token is bridging to Sponge V2, it is important for investors to learn to take advantage of the novel stake-to-bridge model.
Below the table of exchanges and markets, you can also find a step-by-step guide on how to buy Sponge. Investors are advised to exercise caution and conduct thorough research before making any investment decisions. Update – $SPONGE has also now been listed on multiple centralized exchanges, including Gate.io, CoinW, Bitget, MEXC, Toobit, Poloneix, BingX, and Orange X.
After committing to Sponge and picking an exchange, prepare your funds while also considering possible fees. Our exchange reviews extensively cover fees and requirements, helping you plan for transaction fees, withdrawal fees, and network costs. Get the latest crypto news and trading insights with the CoinMarketCap education portal.
Market Overview
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 roots of a memecoin are steeped with the feeling of community. Now that Sponge is bridging from V1 to V2, people have more than a few reasons to stay invested in this token. However, the whitepaper has said that users will be able to earn $SPONGEV2 tokens by playing.
What is Sponge token?
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. After its initial launch on the Ethereum blockchain, achieving 100x milestones and nearly reaching a $100 million market cap, $SPONGE is making a comeback with a vengeance. The new token version has transitioned the existing SPONGE community to the Polygon network, enabling lower transaction fees and positioning $SPONGE to achieve significant gaming utility. Sponge exploded by more than 3000% when it launched in May 2023.
Track SpongeBob Price Today, Live SPONGE Price Chart & Market Cap
Passive income seekers can keep their tokens staked and can potentially increase their holdings over the course of the next four years. The starting APY is 40%, the highest among any staking project active right now. Experts believe in this fact since it is less likely that Sponge V2 will wait for long before going live on any cryptocurrency exchange after arrival. There might be some drop-off if unstakers move to quickly cash out their gains.
SPONGE is up 24.07% against Ethereum and up 3.87% against Bitcoin in the last 1 month. CoinScan has reviewed over 100 crypto exchanges in depth to assist your decision when choosing where to buy Sponge from. CoinScan Markets page lists every exchange selling Sponge, both centralized and decentralized. Compare the price of Sponge across every exchange to find the best price for Sponge, the best volume, or the highest-rated exchange to buy Sponge from. Find out more about Bob (BOB) — another popular memecoin related to Pepe. One of the unique features of Sponge is its partnership with Tamadoge, a Web3 gaming project.
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. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. $SPONGE is the No. 1 community meme token that gets you ready to absorb the damp! Buy $SPONGE and join the greatest ever Bikini Bottom community under the sea. SpongeBob price in US Dollar has decreased by -0.11% in the last 1 month.
Sponge community
This collaboration has resulted in an airdrop that has generated a lot of hype among crypto and Web3 enthusiasts. The platform’s new, utility-focused approach has likely attracted multiple copycats. Explore its different sections and analyze its whitepaper by yourself as well. Learn what the perks are to find out what could be the upsides specifically for you if you decide to invest. The table above shows the price ethereum best faucets margin trading bitcoin reddit and ROI of SpongeBob today and previous years on the same date (Aug 23).
Once you buy $SPONGE tokens, they will be automatically staked. After the bridge is complete, you will get an equivalent number of $SPONGEV2 tokens. After you have connected the wallet, enter the amount of ETH or USDT that you want to swap Sponge V1 tokens for.
Entering the number will automatically tell you the number of Sponge V2 tokens you will receive. 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. Furthermore, the project has been covered by major voices in the cryptocurrency space, which is further boosting the project’s credibility among the crypto community. 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.
Despite the anonymity of the team, they have been actively promoting the memecoin on social media platforms such as Twitter, Telegram, and Discord. Like many other memecoins, Sponge was launched by an anonymous team. The team has not revealed their identities, and it is unclear whether they will do so in the future.