The rise in ERC404 tokens attracts attention. ERC404, an experimental token standard combining NFT and cryptocurrency features, is very close to a market value of $170 million with a transaction volume of $169 million on the Ethereum network as of the time of writing this news.
The revolutionary standard represented by the Pandora token has surged 5,000 percent to $16,600 since its debut on February 2, demonstrating its potential to combine fungible and non-fungible token features.
This significant rise turned everyone’s attention to ERC404 alternative coins.
Smog Token (SMOG) – The Meme Coin That Ignited the Solana Ecosystem with Its ‘Biggest Airdrop’
The most notable meme coin gaining attention on Solana lately is Smog Token, which plans to distribute a large portion of its supply through an ongoing airdrop campaign. The number of people purchasing Smog tokens is increasing day by day due to the slogan of “the biggest SOL airdrop” in the project, which was launched only a short time ago. Smog Token, which entered the market like a storm, aims to exceed the success of coins such as BONK, MYRO and WIF by expanding its target.
Designed to engage the community on multiple levels, this strategy includes monthly, weekly and daily challenges for owners. The project aims to create a dynamic and interactive experience that goes beyond the typical buy-hold-sell cycle.
Such an approach not only rewards existing owners, but also attracts new participants into the SMOG ecosystem. With the promise of a unique dragon-themed airdrop, the project aims to intensify participation and lay the groundwork for a mega bull run in the meme coin rankings.
SMOG’s price increased by 68 percent in 24 hours, due in part to a limited-time 10 percent OTC Discount, drawing attention to its investment potential. Unlike the temporary success stories of other meme coins, SMOG’s multi-chain presence on both the Ethereum and Solana blockchains, combined with its strategic token distribution and marketing initiatives, makes it a promising investment option in the crypto market. SMOG is detailed in its tokenomics on its website As announced, 50 percent of the total supply is included in the airdrop.
devoted to community marketing efforts. The other 35 percent was allocated for airdrop rewards to be given to future owners. The project also claims potential token burn mechanisms to help increase value over time. Meanwhile, Smog Token purchasers have access to staking benefits that offer 42 percent APY with a three-month lock-in period.
To participate in the airdrop, users need a Solana wallet like Phantom. Using SOL, USDT or BONK, SMOG can be exchanged on DEXs such as Birdeye or Jupiter. The SMOG team aims to distribute tokens and create a “Loyal Chosen” community of more than 10 thousand members through engagement rituals. Long-term roadmaps also reveal staking plans and additional incentives such as exclusive access to “The Dragon’s Court” community forum.
Sponge Token V2 (SPONGEV2) – Coin Launched in Its New Version to Repeat Profits in 2023
The new Sponge V2 Token, an updated and improved version of the Spongebob Token, has been available for a short time. SPONGE cryptocurrency was launched in May 2023 and quickly gained community support, reaching a market cap of over $100 million. Inspired by the popular SpongeBob character, the token is available on more than 10 different exchanges and has more than 10 thousand SPONGE holders.
Unlike the SPONGE launch, which is a normal ICO, there is no pre-sale for SPONGEV2. To purchase Sponge Token V2, it is necessary to exchange Sponge V1 tokens, and this is thanks to the innovative Stake-to-Bridge system.
Stake-to-Bridge looks like a classic staking platform, but it has a completely different component that offers rewards to investors in a different way. That is, after investing in SPONGE tokens, SPONGEV2 tokens are received as a reward.
Tokens deposited into the staking tool for SPONGEV2 cannot be withdrawn later and disappear when the new cryptocurrency is released. That is, the tokens deposited into this staking tool are permanently locked there, and at a later stage, when new cryptocurrency is released, these tokens are automatically converted or become unusable. In this way, existing Sponge Token holders can convert their assets without the risk of making additional payments to switch to the newly issued cryptocurrency or being affected by market changes. This makes the process of converting users’ assets simple and seamless, ensuring a transition independent of market conditions.
On the other hand, the APY yield currently offered in the project is 965 percent, so the earlier the SPONGE token is deposited, the higher the reward of the new SPONGEV2. Normally, once the replacement process stabilizes, the usual APY return is estimated to be around 40 percent and last a total of 4 years.
Finally, it should be noted that SPONGEV2’s features will include use as a token for play-to-earn (P2E) applications.
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