$SPONGE Meme Coin Launched on Polygon Community – Is This The Subsequent 100x Token?

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By migrating to Polygon, Sponge V2 tokens have obtained entry to a resilient community recognized for its scalability and minimal transaction bills.

On Monday, February fifth, at 11pm UTC, Sponge V2 migrated to the Polygon community, signaling a vital step towards a safer and extra environment friendly blockchain ecosystem. Consequently, Sponge V1 was phased out, efficient instantly after February fifth, because of safety issues stemming from malicious assaults on its liquidity pool.

Sponge Safety Replace – Countermeasures and Token Migration to Polygon Community

In response to the latest safety breach, Sponge swiftly applied protecting measures to uphold neighborhood and community integrity.

Whereas particular particulars of the breach stay undisclosed for safety functions, the staff diligently enacted sturdy countermeasures and carried out thorough static evaluation testing to strengthen defenses towards potential vulnerabilities.

As Sponge V1 phases out, token holders should proactively adapt to new developments inside the ecosystem. Exchanges suspended Sponge V1 buying and selling upon the staff’s announcement of the shift to the Polygon community.

Consequently, V1 holders should withdraw and stake their tokens through the spongetokn.vip web site to accumulate new V2 tokens. Presently, over 8 billion $SPONGE tokens are staked, providing a powerful Annual Proportion Yield (APY) of at the least 200%.

Decentralized holders who stake earlier than February fifth will proceed to obtain staking APY as typical, guaranteeing a seamless 1:1 swap ratio with out extra rewards from the staking pool.

Non-custodial holders who fail to stake by this deadline can be transferred to a 0% APY staking contract based mostly on a snapshot taken at 11pm UTC on February fifth.

For Sponge neighborhood members who’ve already staked their Sponge V1 tokens, a easy transition is assured as these staked tokens will mechanically migrate to the brand new Polygon staking contract.

Try the video above for added data on the Sponge V2 migration to the Polygon community. Don’t neglect to subscribe to Jacob Crypto Bury’s YouTube channel for additional crypto-related content material. Jacob additionally manages a Discord channel with over 20,000 members, offering buying and selling ideas and insights for upcoming crypto presales.

Sponge V2 Transitions to Polygon Community for Effectivity

Sponge is accelerating the transition of Sponge V1 holders to Sponge V2, now on the Polygon community. This expedited migration not solely addresses the aftermath of latest assaults but additionally paves the way in which for the launch of Sponge V2’s play-to-earn (P2E) recreation.

Because of this, customers can count on sooner and cheaper in-game transactions. As Sponge embraces the scalability benefits supplied by Polygon as a Layer 2 community, it underscores the venture’s dedication to delivering environment friendly options to its neighborhood.

Transaction charges on Polygon sometimes vary from 0.1 to 0.5 MATIC (lower than $1), markedly decrease than Ethereum’s charges, which vary from $2.5 to $20.

The considerably decreased transaction charges on Polygon in comparison with Ethereum additional improve accessibility and affordability for customers, guaranteeing a seamless and cost-effective gaming expertise. As Sponge continues to evolve and innovate, the long run seems to be promising for the venture and its neighborhood.

A Excessive-Potential Alternative in 2024

Buyers have been impressed by the early features of the $SPONGEV2 token following its launch on the Polygon community. With its progressive options, play-to-earn recreation, and the potential of itemizing on Binance, it holds the potential for substantial long-term returns, presumably reaching 100X.

Sponge V2 goals to assist buyers obtain monetary independence. Don’t miss out on the prospect to hitch the Sponge neighborhood and achieve early rewards by investing in $SPONGEV2 tokens for bullish returns. To accumulate $SPONGEV2 token go to spongetoken.vip.


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