Top Meme Coin Sponge Staking and Bridging Hits $10m, Ethereum and Polygon SPONGE V2 Rewards at 190% and 968%
Top Meme Coin Sponge Staking and Bridging Hits $10m, Ethereum and Polygon SPONGE V2 Rewards at 190% and 968%
Thursday, February twenty 2d, 2024 – Top meme coin Sponge now has bigger than $10.18 million staked and bridged after announcing the starting up of the V2 Polygon network model of the coin in the origin of this month.
Top meme coin Sponge’s strategic shift to Polygon is timed completely for the Ethereum Dencun make stronger, one in every of the implications of which will likely be diminished gasoline costs and sooner transaction cases for Ethereum Layer 2 networks take care of Polygon.
Polygon is excellent for up-and-coming game platforms equivalent to Sponge on yarn of its low costs and superior transaction scamper in comparison to Ethereum.
As top meme coin Sponge gears as a lot as take crypto gaming by storm, the ERC20 V1 token has now been discontinued. The smartly-carried out migration path of has led to 8.55 billion $SPONGE V2 tokens being staked, amounting to almost 20% of the circulating supply. Stakers are earning token rewards at 189% per annum on Ethereum and 909% per annum on Polygon.
Market contributors don’t comprise worthy time left to take their last likelihood to aquire $SPONGE V2 before centralized switch listings originate.
This is what happens whenever you omit out on #SpongeV2 🤷♂️🧽$SPONGE #PEPE #DOGE #SHIBA #100x #Bullish #Crypto #MemeCoin pic.twitter.com/EJwBFTM5FJ
— $SPONGE (@spongeoneth) February 22, 2024
$SPONGE V2 designate is 4,917% higher than V1 token start designate – more upside to attain
Such has been the success of the transition to Polygon, the price of $SPONGE V2 has reached $0.001254, representing a 4,917% magnify on the V1 start designate of $0.000025.
$SPONGE V2 has already surpassed the $SPONGE V1 all-time excessive of $0.0012 and is currently on a diluted (circulating supply) market capitalization valuation of $49.5 million. In undiluted terms, measured the employ of the overall token supply, the $SPONGE V2 valuation is $183.9 million. Liquidity in the SPONGE/WMATIC pair is wholesome at $558,670.
The transition to Sponge V2 took region on Monday, February 5, and as the chart below reveals, the price has been an onward and upward scurry for token holders ever since.
$SPONGEV2 is now in a consolidation channel that’s threatening to manufacture a bull flag before the subsequent blast higher.
Sponge team makes the full wonderful moves to be triumphant as the trek-to Layer 3 of the crypto gaming world
Even though gaming stays a keenly adopted crypto sector, worthy of its promise has been stymied by a heart-broken consumer trip and unhurried transaction speeds, forcing obvious actions off-chain, thereby negating the usefulness of the blockchain architecture.
Polygon is in a local to scale to as worthy as 7,000 tps while Ethereum, for now, languishes on 1 to 25 tps. With Polygon theoretically in a local to variety 65,000 tps – and post the Dencun make stronger that could be even higher – Sponge has made the wonderful transfer to stable its gaming future.
Taking a look ahead with a look to overcoming most recent usability points, Sponge has made the eminently excellent resolution to stick with the protection and make stronger roadmap enhancements of Ethereum’s Layer 1, but with the added advantages of the Polygon Layer 2 scaling solution, as Sponge appears to be like to be like to region itself as a Layer 3 for crypto gaming.
The particular shrimp print of what this emerging architecture appears to be like to be like take care of are yet to be divulged, alternatively it has absolutely led to rising pleasure in the Sponge market as the altcoin season kicks off. Currently, in Stage 2 of its roadmap, the Sponge game app is slated to be launched in Stage 3.
While you occur to don’t comprise any $sponge pic.twitter.com/hp4uz4KHZ6
— moonpie666 (@mushmoonz) May maybe maybe well 13, 2023
Sponge V2 is the put the recent orderly money in crypto gaming is headed
Gaming extinct fingers in the crypto home equivalent to Axie Infinity and Decentraland had been relative underperformers amongst altcoins, in portion on yarn of their legacy baggage, that technique they’ve been barely unhurried to make stronger their roadmaps to retain up with technological switch.
Top meem coin Sponge, by inequity, has shown itself to be a nimble and flexible participant in a local to expose the wanted agility to steal opportunities by making intelligent strategic turns, equivalent to considered in the pivot to Polygon.
Within the period in-between, though top meme coin Sponge’s Play-to-Produce game has no longer yet been released, there are hints from the team that the game is past the scoping stage and constructing is underway.
Within the recent $SPONGE V2 tokenomics, game constructing has been allocated 4.47% of the overall token supply of 150,000,000,000. Staking rewards had been allocated 43.09% – to be distributed over four years – marketing 7.5%, P2E rewards 8%, bridged $SPONGE 26.93%, and 10% for centralized switch liquidity.
The challenge has obtained all its geese in a row as it prepares to assault the gaming world with the future start of its first P2E game. There doubtlessly isn’t an even bigger time to aquire Sponge V2.
Source : cryptonews.com
