Then, go to the official Sponge V2 website and use the guidelines from our comprehensive guide. Like any other investment, cryptocurrencies available on the best investment apps come with their own advantages and disadvantages. It’s essential to recognize that investing in crypto can turn you into a millionaire or leave you penniless.
Token Sales
- The majority of Sponge trading with stablecoins is done on SushiSwap V3 (Polygon).
- The V2 tokens will be gradually released over a period of 4 years.
- Everything will return to the staking pool while you wait to claim the SpongeV2 tokens.
- Purchase Ethereum on the eToro platform, then navigate to the Sponge V2 Swap website.
This development is crucial in growing beyond the cryptocurrency community. Sponge V2 is the evolution of the original Sponge token to address the remaining potential and opportunities. It aims to enhance the token’s utility by introducing a “Stake-to-Bridge” mechanism that connects it to the V1 ecosystem. This setup is designed to bring unprecedented functionality and value to Sponge V2. You should also be careful when sharing your crypto wallet details online, use a secure internet connection and never connect your wallet to a website that isn’t secure. It is a good idea to double-check the legitimacy of the website before connecting your crypto wallet.
However, if you have more time, we recommend using eToro to purchase ETH tokens because the broker is fully regulated, easy to use and offers low fees. If you use eToro to buy ETH, you will need to transfer the tokens to a wallet that can be connected to the spongebobtoken.io website. The main aspect which contributes to the success of meme coins is the community. We look at social stats and community numbers in order to understand the sentiment behind a meme coin and to fully understand the public opinion among web3 enthusiasts.
You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your how to mine 1 xmr a day how to mine a bitcoin a day Sponge ($SPONGE) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Sponge ($SPONGE).
Step 2: Connect crypto wallet
Tokenomics are a big indicator of the potential behind the meme coin. Projects which do not fairly allocate the amount of tokens that are distributed to the public usually will have less price action. Some project allocate more tokens to the team, which will ultimately be sold when the project releases. Having a fair distribution of tokens is important to ensure that meme coin creates a liquid market where anyone is able to buy or sell the tokens without creating a dump effect. 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.
The total supply of SPONGE is 4.4B SPONGE tokens, of which around 24.6B (61%) is currently circulating, according to the project. Sponge (SPONGE) is a zero-tax gaming memecoin inspired by, yet not affiliated with, the beloved cartoon character SpongeBob. Trading is risky and you might lose part, or all your capital invested.
Step 1: Connect a Compatible Web3 Wallet
Ruby is a Finance Editor who has 5 years of experience in the finance how to add bitcoin to your isa and profit tax and cryptocurrency space. Ruby attended the University of Winchester where she received a BSc in Psychology. During her studies, Ruby developed an interest in financial psychology and began writing content around the topic on a freelance basis. Whilst she was studying for her degree, Ruby spent time learning about personal finance, investing and trading. She has written content for The Motley Fool UK, Bankless Times and Cryptonary where she also worked as an editor. Her interest in cryptocurrency came about after writing a piece for The Motley Fool about the rise of CBDCs.
- Here, we will explore the pros and cons of buying Sponge V2 tokens in 2023.
- However, there are plans to list the tokens on decentralized exchanges (DEX) and centralized exchanges (CEX) in the near future.
- CoinCodex tracks 41,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders.
- This allows investors to actively participate in securing the network while earning rewards.
- At this stage, it is not crazy to think that $SPONGE could be the next meme token to explode.
Everything will return to the staking pool while you wait to claim the SpongeV2 tokens. It has successfully rallied community support with strategic marketing tactics to reward early investors. Hence, we won’t be surprised if SpongeV2 follows the same path. The big question every investor asks remains; “is Sponge worth investing in? ” Meme tokens have held sway for a while, especially those on the Solana network.
From there, choose “ETH” and enter the quantity of SPONGE tokens you want to swap. Nevertheless, Spongebob token has attracted interested from meme coin investors and is already making headlines in the news. At this stage, it is not crazy to think that $SPONGE could be the next meme android creating a calendar view app token to explode. The tokens should appear in your crypto wallet after a few minutes.
$SPONGE is an ERC20 asset which means that you can swap a number of Ethereum-based tokens for the meme coin. Ever since the launch of Dogecoin in 2013, meme coins have been known to bring excellent returns to early investors. Some of the best projects to see huge gains include Tamadoge, Shiba Inu and most recently, Pepe coin. The memecoin launched directly on Uniswap and gained considerable momentum following its launch. You can buy Synthetix with USDT on the Binance cryptocurrency exchange. Binance is one of the most popular cryptocurrency exchanges in the world, and handled $ 2.15M worth of Synthetix trading volume in the last 24 hours.
How to create a MetaMask wallet
This token is simply paying homage to a meme we all love and recognise.$SPONGEV2 is a meme coin with no intrinsic value or expectation of financial return. The coin is completely useless and for entertainment purposes only. On the centralized exchanges the only pairing with SPONGE is USDT which means that users will need to either deposit or purchase USDT to make the swap. Alternatively, for users wishing to purchase SPONGE using a decentralized exchange the token is listed at Uniswap with Wrapped Ethereum (WETH) pairing.
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. Currently, the most popular Synthetix exchange is Binance, which handled $ 2.15M worth of SNX trades in the last 24 hours. Once SPONGE starts trading with any fiat currency we will display the pairs here. Currently, the most popular Power Ledger exchange is Binance, which handled $ 477,183 worth of POWR trades 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 Synthetix. Crypto exchanges are where users can buy, sell, and convert different cryptocurrencies. Here you can find list of all SPONGE exchanges where you can buy and sell Sponge, trade SPONGE with other cryptocurrencies including stablecoins, and fiat currency. You can search by exchange name to find out if SPONGE is available on your desired crypto exchange.
Calculate the Returns on Your Sponge Investment
For users who missed out on the 100x SPONGE price pump in the early part of 2023, there is now another potential opportunity to be a part of the SPONGE community. Readers may be wondering how to buy SPONGE V2 and how to participate in the presale. 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. Peer-to-peer (P2P) exchanges connect buyers and sellers directly, allowing you to buy or sell crypto using various payment methods.
You can buy Power Ledger with USDT on the Binance cryptocurrency exchange. Binance is one of the most popular cryptocurrency exchanges in the world, and handled $ 477,183 worth of Power Ledger 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 Power Ledger. Here you can find list of all SPONGE exchanges where you can buy and sell Sponge (OLD), trade SPONGE with other cryptocurrencies including stablecoins, and fiat currency. For more information about the game readers will need to keep up to date with the SPONGE social channels as the team will release more details closer to the release date.
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 main use case of the token is to bring returns to early investors and to support the creation of high quality meme content. If you do not already own ETH, the fastest way to do so is buying ETH from Coinbase and then connecting your Coinbase wallet to spongebobtoken.io and make the exchange.
Usually when a meme coin has flatlined, meme enthusiasts will flock to the token and create positive community engagement across crypto group chats and X (crypto Twitter). With the current bullish sentiment in the crypto markets, SPONGE V2 is primed to gain even more popularity among the growing meme coin community. Excitingly, the developers have unveiled their ambitious vision for a play-to-earn game, offering investors an interactive opportunity to earn additional Sponge V2 tokens. These developments set the stage for the SPONGE project to reach new heights of prominence and success. We feel that with the rise of new meme coins that have attracted mainstream attention.