The Solana network has gained significant popularity recently, and many meme coins on the network have achieved incredible victories. Smog Token, which was released as of February 2024, reached 110 thousand owners before the completion of the first phase of its airdrop worth $ 1 million and created a transaction volume of $ 150 million.
In the announcement made on the Team X (formerly known as Twitter) account, he stated that the first stock exchange (CEX) listing will be very soon. In the post, a reminder was also made: “Complete your daily tasks and earn points before the end of season 1.” It was also reported that season 2 will prioritize on-chain trading. That’s why Smog Token purchases have started to increase again in recent days.
We have taken a closer look at SMOG, the new star of the Solana network, for interested investors below.
What is Smog Token?
The growing popularity of meme coins on the Solana blockchain challenges Ethereum’s dominant position in token development. Assets such as DogWifHat and Bonk on the Solana blockchain experienced significant price increases. Smog token made its debut on Jupiter’s decentralized exchange. The company places great emphasis on involving the community through its airdrop campaign and provides incentives for participation in various tasks.
What’s Next for Smog Token?
Meme coin Smog (SMOG), based on the Solana blockchain, ended its first airdrop season and will be listed on the MEXC central exchange (CEX) yesterday. There is a lot of excitement and anticipation surrounding the possibility of this listing. Those who purchase SMOG tokens, the blockchain-based game’s cryptocurrency, are encouraged to complete daily challenges to earn points ahead of the second season.
Known for their extreme volatility, meme coins have the potential to see sudden and significant increases or decreases in value. This makes them very dangerous investment options. Among various dog-related tokens, SMOG stands out as a token representing a fire-breathing dragon. Latest data shows that its value peaked at $0.26 in February and has since fallen to around $0.19.
“The Biggest Airdrop of All Time” from SMOG
The second season will start today. According to a recent announcement by the company, the second season of Zealy puts more emphasis on on-chain trading, unlike the first season, which focused mostly on questing. However, individuals who cannot participate in the “Biggest Solana Airdrop of All Time” still have the opportunity to participate as it is possible to meet the requirements. All you have to do is buy Smog tokens.
With rapid and frequent developments, SMOG’s airdrop has significant potential for positive outcomes when aligned with broader market events over the next two months.
SMOG stands out as a different genre because of its strong emphasis on community involvement. Characterized by their tendency to amplify price fluctuations in the broader market, meme coins can be very volatile investments in the cryptocurrency world.
During a Bitcoin rally, its value can rise rapidly, but on a negative day, meme coins can fall in value faster than other types of cryptocurrencies.
Features that Distinguish SMOG Token from Others
The market is currently flooded with dog motif coins. Everywhere investors look, four-legged Shiba Inu counterparts with names like DOGE, SHIB and FLOKI appear. Unlike its canine rivals, Smog Token encourages community building and participation through its ambitious airdrop.
Smog comes from a completely different dimension. His name is a not-so-secret reference to Smaug, the fire-breathing guardian of gold in The Hobbit. However, unlike Smaug, the Smog token has a sense of generosity.
Each Smog token purchase serves as an entry ticket to ‘The Dragon’s Court’ crypto community, making holders’ wallets eligible for airdrop.
In addition to completing missions, owners can stake their SMOG over a 90-day vesting period to earn even more rewards.
After its initial coin offering (ICO), Smog quickly gained popularity as one of the top Solana-based coins on DEXScreener with its unique dragon graphics. SMOG quickly attracted the attention of investors considering that 2024 is designated as the Year of the Dragon in the Chinese Zodiac.
It’s also noteworthy that the platform is currently hosting ‘the most significant Solana airdrop ever witnessed’. The project offers SMOG at a 10 percent discounted price. In this way, everyone who purchases and stakes can earn the right to participate in the airdrop by accumulating XP.
The greater the amount of XP accumulated, the greater the reward will be. In addition, users have the opportunity to earn staking rewards by staking SMOG.
Details about the second season of the airdrop are scarce at the moment, but the project’s pioneers say there will be a greater focus on on-chain trading. This ultimately means that the more volume is held or traded, the larger the airdrop rewards will be in the second season. This will also determine whether season one’s SMOG distribution will surpass the $1 million mark.
Disclaimer: This is a sponsored content and press release and what is written here cryptokoin.com It does not reflect the views of the team. High risk of loss should be taken into consideration in leveraged transactions and cryptocurrency investments, and extensive research should be done before investing in any platform.
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