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Sponge Meme Coin Price Jumps 178% After V2 Upgrade Announcement

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NEW YORK, Dec. 29, 2023 /PRNewswire/ — Meme coin $SPONGE is upgrading to a new version of the token as it pivots to target the crypto gaming space.

The news appears to have been well received by the marketplace, with the coin up 178% since December 22 2023, currently trading at $0.0004043.

Sponge was originally launched in May 2023 in the depths of the bear market, but despite that backdrop was able to achieve price gains of nearly 100x. 

Such was the excitement surrounding the $SPONGE launch, it even featured in the New York Magazine‘s Intelligencer section – widely read on Wall Street and beyond.

Here’s How to Get Hold of Sponge V2

To get hold of Sponge V2 you need to do one of two things:

  • Buy and Stake Sponge V1 through the Sponge.vip websites buy widget
  • Stake held Sponge V1 through the Sponge.vip website
  • The more V1 tokens staked, and the longer the duration, the more V2 tokens that can be earned.

Once the remaining supply of SpongeV1 is sold, Sponge V2 will be available to claim.

Important Information

  •  All V1 tokens sent to the V2 staking pool will reserve an equivalent amount of V2 tokens and earn V2 tokens according to the variable annual percentage yield (APY).
  • The more V1 tokens that are staked, the more V2 tokens will be earned.
  • Staked V1 tokens will be permanently locked, meaning they can never be withdrawn or sold. Sponge V1 tokens will no longer be supported other than for staking once Sponge V2 is launched.

Sponge is BACK Bigger and Better, Absorbing all the Damp

Styled as the Krabby Patty of community driven meme coins, Sponge is ‘back bigger and better than ever’ says the website.

Unlike with Sponge V1, this time, the token launches at the beginning of the next bull market with the introduction of play-to-earn (P2E) gaming utility to its ecosystem.

Interested parties can buy or stake $SPONGE using the widget on the Sponge.vip website to receive the equivalent amount of bonus V2 tokens.

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Token holders can keep their V1 Sponge staked to receive earn more Sponge V2. Bought tokens can be viewed on the Staking V2 dashboard, and can be claimed once SPONGE V2 launches.

Upcoming P2E Game Changes Everything

Sponge V2 is bringing exciting utility to the new token! The team is developing a bespoke Play-to-Earn (P2E) game adding more fun and addictiveness to the Sponge ecosystem.

Users will be able to earn $SPONGEV2 tokens by playing the game and ranking on the leaderboard.

There will be a free and paid version of the new Sponge P2E game. Users can play for fun on the free version, or use $SPONGEV2 tokens to purchase game credits. These game credits allow users to play to earn more $SPONGEV2 tokens.

With the added utility of the $SPONGEV2 token, which now enables holders to earn more tokens in-game, Sponge V2 is bringing unrivaled value to the meme coin community. More details about the game will be announced on our social channels closer to the release date.

Sponge V1 to V2 Bridge – Stake to Bridge

Holders: If users are holding original $SPONGE tokens, they must stake them in the V2 smart contract via the website home page to secure their share of the V2 token once it launches. Staked V1 tokens will accrue V2 tokens until the moment the new Sponge V2 token launches.

New Buyers: If users don’t hold any tokens, they can buy $SPONGE via the homepage widget. Purchased tokens will automatically be staked in our V2 smart contract to secure a share of the V2 token once it launches. Staked V1 tokens will accrue V2 tokens until the moment the new Sponge V2 token launches.

Current Stakers: If users are staking original $SPONGE tokens, they must withdraw them from the V1 staking contract and stake them in our V2 smart contract via the website homepage to secure their share of the V2 token once it launches. Staked V1 tokens will accrue V2 tokens until the moment the new Sponge V2 token launches.

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Since this method of bridging to a new token is not common in crypto, the following points are important to reiterate regarding the bridging process from Sponge V1 to Sponge V2:

  • Exclusive Launch: $SPONGEV2 can only be earned by staking $SPONGE.
  • Buy & Stake Bonus: Buy and stake $SPONGE for a special bonus in $SPONGEV2.
  • Permanent V1 Lock: Staked $SPONGE tokens are locked up permanently. V1 tokens will be phased out post-V2 launch.
  • Passive V2 Rewards: Keep $SPONGE tokens staked to increase holdings over a 4-year period, starting at a minimum of 40% APY.

When Users Can Claim SpongeV2

Once 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 Come

SpongeV2 is part of the new wave of meme coins that offer real utility value to users and owners of the token.

Sponge V2’s roadmap is a three-stage process. Stage 2 begins with the opening of Sponge V2 claiming and the listing of the coin.

Stage 3 includes Tier 1 centralised exchange listings and the launch of the Sponge Game App.

Sponge V1 can be bought direct on the sponge.vip website or at top exchanges such as Gate, MEXC, BitGet, CoinW and Poloniex.

Disclaimer: Sponge token has no connection or association with the Nickelodeon-created and owned Spongebob cartoon character and TV show.

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Sponge price has jumped 178% following the announcement of the upgrade to Sponge V2 and play-to-earn gaming

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ISX Financial® Launches New Globally Accepted flykk® Debit Card in Working with Diners Club International®

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NICOSIA, Cyprus, Jan. 14, 2025 /PRNewswire/ — flykk®, the pan-European and UK digital payment app, announces the launch of its new flykk® Diners Club International® debit card in several priority markets. This offering combines the best of both worlds: the convenience and security of a globally accepted debit card with all the robust benefits Diners Club International® offers.

With the new flykk® Diners Club International® Card, users can enjoy a range of exclusive Diners Club benefits, including access to more than 1,500 airport lounges and experiences around the world, travel insurance, and purchase protection. Additionally, the flykk® Diners Club International® Card also offers a range of other features and benefits that can delight users, including access to millions of amenities and premium Wi-Fi hotspots.

Key features of the flykk® app, which flykk® Diners Club cardholders can access, include bank transfers, free flykk-to-flykk transfers, dedicated money remittance channels and global money transfers. Users can easily transfer money between their flykk® account and European Union (EU) bank accounts, as well as between other flykk® users.

“Launching this partnership with Diners Club International® is a significant milestone for ISX Financial,” said Nikogiannis Karantzis, CEO of ISX Financial. “By combining the innovative flykk® payment app with the benefits of the Diners Club International® Card, we strive to offer users an unparalleled payment experience both online and in-store. With the flykk® Diners Club International® Card, users can enjoy all the convenience and security of a debit card, together with a range of other features and benefits that support their lifestyle.”

Diners Club is accepted at millions of merchant locations and over 1.2 million ATM and cash access locations around the world. Diners Club is part of the Discover® Global Network, the fastest growing global payments network[1]. Comprised of Diners Club International®, Discover Network, PULSE®, and more than 25 alliance partner networks across the globe, Discover Network has 345 million Discover Global Network Cardholders worldwide[2] and facilitated $589B+ in global transactions in 2023.

The flykk® debit card is now available to users in selected markets in the EU, with plans to expand to additional markets in the coming months. To learn more about flykk® and its innovative payment solutions, visit the flykk® website at www.flykk.it

“By combining our world-class benefits, services, and capabilities with flykk’s comprehensive payment technology, we’re able to offer users a more seamless payment experience,” said Matt Sloan, Vice President of International Markets, EMEA at Discover® Global Network. “We look forward to continuing to work closely with the team at ISX Financial to bring even more innovative payment solutions to users around the world.”

About ISX Financial:

ISX Financial EU PLC is a ‘banktech’ company that leverages its own technology to provide financial services to merchants across the EEA & UK.  The company’s combined payments stack and infrastructure provides a complete end-to-end transactional banking, FX, remittance and payment processing capability. 

ISXMoney’s multi-Currency IBAN accounts coupled with PaidBy® instant open banking provides merchants with a tailored payment solution to reach any UK or EEA bank account holders.

ISX Financial’s consumer product flykk®, is a digital wallet that combines all its financial technology and infrastructure to create a retail product. flykk® is a two-sided network developed on ISX’ Financial’s own platform that links both merchants and consumers around the globe to facilitate the processing of payment transactions. flykk® allows customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds, with the benefits of a Diners card for point-of-sale transactions.

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ISX Financial’s subsidiary Probanx® also develops payment infrastructure for third parties, and provides connectivity to central banks, banks around the world and major card schemes.

[1] Based on signed network alliance agreements over the past fourteen years with major payment networks within respective countries – Panoramic Research study, conducted 2022
[2] Based on data provided to Discover by Network Alliances participants and other third party sources as of December 31, 2023.

Media enquiries: +35722015740, [email protected] 

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Investindustrial expands its presence to Abu Dhabi, set to become the firm’s Middle East and Asia hub

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ABU DHABI, UAE, Jan. 14, 2025 /PRNewswire/ — Investindustrial is pleased to announce the formal inauguration of its Abu Dhabi office. Attended by authorities and senior officials, this milestone marks a pivotal moment in the firm’s journey to expand its global footprint. The Abu Dhabi strategy follows the successful blueprint of Investindustrial’s office in Shanghai, which has been an accretive business development and value creation office for the firm since 2009. The Abu Dhabi office opened with a team of eight professionals, becoming the Middle East and Asia hub for the group’s activities.

As a leading European investment group with over €15 billion in raised fund capital, Investindustrial is proud to announce that it has received the Financial Services Permission (“FSP”) from the Financial Services Regulatory Authority (“FSRA”) of ADGM. The newly granted licence will enable Investindustrial to provide financial services, including advisory, fundraising, marketing, and arranging, within or from the ADGM.

Andrea C. Bonomi, Chairman of Investindustrial, stated, “At the heart of Investindustrial’s approach is the goal of pursuing a sustainable, industrially-driven strategy to build better global companies for the long-term. Establishing our office in Abu Dhabi underscores our commitment to fostering partnerships in the Middle East and supporting the region’s transformative growth while unlocking these regions for our portfolio companies with significant opportunity to grow. These companies often have the potential to scale, but they require strategic guidance, operational expertise, and a global perspective to reach their full potential.” 

Arvind Ramamurthy, Chief Market Development Officer, ADGM, commented, “We congratulate Investindustrial’s on receiving its FSP. The establishment of its Middle East and Asia hub in ADGM reflects the strength of our business environment and our ability to support global investment groups in achieving their growth ambitions. This milestone reinforces ADGM’s position as a leading financial hub and its commitment to unlocking opportunities across the region.”

The Middle East and Asia expansion is led by Emanuela Cisini (Partner, Co-Head of Operational Improvement), who relocated from London to Abu Dhabi. Emanuela has been with the firm for close to a decade, having led various teams across several Investindustrial offices. Under her leadership, the firm aims to grow its human capital in the Middle East, focusing on building on-the-ground operational capabilities that will contribute to the value creation across Investindustrial’s portfolio companies by increasing footprint, enhancing manufacturing capabilities, and bringing high-growth companies to the Middle East.

Emanuela Cisini, Head of Middle East and Asia, commented: “We are excited about this new chapter. Leveraging on Investindustrial’s global operational improvement expertise we take a hands-on approach in guiding our companies through the international expansion in the Gulf region building global leaders.”

The opening of the Abu Dhabi office underscores a commitment to the region’s economic objectives and sustainable growth. Investindustrial has a strong track record across sectors, with deep expertise in industrial manufacturing and sub-sectors such as food security, a critical area for the GCC. By supporting innovation and investment in sectors like specialty ingredients, frozen desserts, and private-label products, Investindustrial’s efforts are aligned with regional priorities of helping foster growth.

Additionally, Investindustrial’s portfolio companies in the consumer space – such as Zegna Group, Eataly, Flos, and B&B Italia – are already active in the region, and the new office in Abu Dhabi, will allow these companies to tap into greater regional opportunities and enhance their operational capabilities.

In addition to operational improvement capabilities, senior investment professionals have also relocated to Abu Dhabi to actively engage with local entrepreneurs and drive investments and growth for portfolio companies in the region. The team will work in close collaboration with the firm’s global offices, reinforcing Investindustrial’s commitment to becoming a truly global player in the mid-market investment space.

Photo: https://mma.prnewswire.com/media/2596780/Investindustrial_Office.jpg

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Vantage Markets Wins “Best Range of Markets” Award from Compare Forex Brokers 2025

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PORT VILA, Vanuatu, Jan. 14, 2025 /PRNewswire/ — Vantage Markets has been honored with Best Range of Marketsaward for 2025 by Compare Forex Brokers, a leading authority in evaluating trading platforms. This accolade reflects Vantage’s commitment to offering an unparalleled range of tradable instruments, leverage options and suitability for diverse trading strategies while maintaining transparency, trust, and innovation.

Justin Grossbard, CEO and Head of Research at Compare Forex Brokers, commended Vantage for setting industry benchmarks, “Your commitment to providing a seamless trading experience, supported by innovative technology and a customer-focused approach, is truly commendable. Trust is at the heart of our industry, and Vantage Markets has continually set the benchmark for integrity and professionalism.”

The recognition celebrates Vantage’s dedication to offering a wide array of CFD markets, empowering traders with flexibility and choice.  This includes forex, commodities, indices, shares, ETFs, and bonds CFDs, ensuring clients have access to diverse trading opportunities supported by cutting-edge tools and a robust platform.

Marc Despallieres, Chief Strategy & Trading Officer at Vantage, expressed gratitude for the award, “Winning the ‘Best Range of Markets’ award from Compare Forex Brokers is a proud moment for us. It underscores our dedication to delivering exceptional trading experiences through innovation and trust. This achievement reflects the hard work of our team and the trust our clients place in us. We remain committed to pushing boundaries and providing our global community with unparalleled opportunities.”

As Vantage continues to evolve, the company is focused on maintaining its position as a leader in the trading industry by expanding its offerings, advancing technology, and fostering transparency.

For more information about Vantage Markets and its award-winning services, visit Vantage Markets.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

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RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.

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