As it pivots in an attempt to target the crypto gaming space, meme coin $SPONGE is upgrading to a new version of the token.
Apparently, the news has been well received by the market, as the coin has risen 178% since December 22 2023 and is currently trading at $0.0004043.

When sponge was launched in May 2023, it was in the midst of the bear market, but despite that backdrop it was able to achieve price gains of over 100 times in less than a year. 
As a result of the excitement surrounding the $SPONGE launch, it even featured in the Intelligencer section of the New York Magazine - a publication widely read on Wall Street and beyond.
Here is how you can get your hands on the latest version of Sponge
One of two things need to be done in order to get a hold of Sponge V2:
Sponge V2 will be available for claim once the remaining supply of Sponge V1 has been sold.
Information that is important to you
The sponge is back, bigger and better than ever, and able to absorb all the moisture
The website says that Sponge is 'back bigger and better than ever', positioning it as the Krabby Patty of community-driven meme coins.
The difference with Sponge V1 is that this token launches at the beginning of the next bull market with the addition of a play-to-earn (P2E) gaming utility to its ecosystem, as opposed to Sponge V1.
It is possible to buy or stake $SPONGE using the widget on the Sponge.vip website in order to receive the equivalent amount of bonus V2 tokens when you buy $SPONGE.
In order to earn more Sponge V2, token holders can keep their V1 Sponge staked to receive more Sponge V2 tokens. Tokens can be viewed on the Staking V2 dashboard and they can be claimed once SPONGE V2 is launched.
The upcoming P2E game is going to change everything
It is exciting to see Sponge V2 bringing new utility to the new token! The team is busy developing a Play-to-Earn (P2E) game that adds more fun and intrigue to the Sponge ecosystem, which will increase its utility.
It will be possible for users to earn $SPONGEV2 tokens by playing the game and ranking on the leaderboards as they progress through the game.
In the new Sponge P2E game, there will be a free version as well as a paid version. Users can play for fun on the free version, or they can purchase game credits using $SPONGEV2 tokens. Game credits allow users to earn more $SPONGEV2 tokens by playing.
We hope you will enjoy the added utility of the $SPONGEV2 token, which allows holders to earn more tokens in-game, as this game is bringing unrivaled value to the meme coin community. More information about the game will be announced on our social channels closer to the release date.
Bridge from sponge V1 to sponge V2 - Stakes to bridge
Those who hold the original $SPONGE tokens can stake them in the V2 smart contract via the website home page to ensure that they are entitled to receive their share of the V2 token once it launches. Staked V1 tokens will accrue new V2 tokens until the day the new Sponge token launches.
A new buyer can purchase $SPONGE using the homepage widget if he or she does not have any tokens. All purchased tokens will automatically be staked into the V2 smart contract to ensure they are a part of the V2 token once it is released. As soon as the new Sponge V2 token is released, stalled V1 tokens will accrue V2 tokens.
Stakers: If users are currently staking the original $SPONGE tokens, they must withdraw them from the V1 staking contract and stake them in our V2 smart contract via the website homepage so that they can secure a share of the V2 tokens once they are launched. In the meantime, Stamped V1 tokens will accrue V2 tokens until the release of the new Sponge V2.
Due to the fact that this method of bridging to a new token is not a commonly used one in crypto, the following points are important to highlight regarding the bridging process from Sponge V1 to Sponge V2:
How long does it take for users to claim SpongeV2?
As soon as the staking period is over, users will be able to claim their Sponge V2 tokens via the Sponge website. Dates and times will be announced on our social media channels in due course.
Introducing The Sponge V2 World of Gaming to be released soon
As part of the new wave of meme coins, SpongeV2 belongs to an emerging category of tokens that offer real utility value to both users and owners of the token.
The roadmap for Sponge V2 is divided into three stages. Stage 2 begins with the opening of the Sponge V2 claiming process and the listing of the coin on exchanges.
As part of stage 3, the Sponge Game App will be launched as well as Tier 1 centralised exchange listings.
In addition to being available directly on the sponge.vip website, the sponge V1 is also available on top exchanges such as Gate, MEXC, BitGet, CoinW and Poloniex.
This is a disclaimer: Sponge token has no connection or association with the Nickelodeon-created and owned Spongebob cartoon character and TV show of the same name.
The photo can be found at https://mma.prnewswire.com/media/2308547/sponge_p2e_game.jpg and the photo can be found at https://mma.prnewswire.com/media/2308548/Sponge_USD_UNI.jpg
Sponge Token - SOURCE
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Source prnewswire