In his latest video, Zach Humphries explores the interesting territory of the Solana memecoin, shedding light on the ups and downs that investors face in this unpredictable market.
One of the Solana memecoins that caught his attention was Smog, especially due to its recent launch and increase in value by 150% in the past 24 hours.
The Solana blockchain has been a leader in innovative memecoins over the past six months, and now Smog is breaking new ground for its early investors with a special airdrop.
Is New Solana-Based Token Smog the Future of Memecoins?
In a historic event on Jupiter DEX, a new memecoin called Smog (SMOG) was launched on Solana via a fair launch, paving the way for an upcoming massive airdrop.
The development has sparked excitement among JUP holders and traders on the newly launched Jupiter DEX as Smog aims to usher in a new era for memecoins on Solana through its ambitious airdrop strategy.
The Smog token debuted on February 7 at 16:00 UTC in a stealth listing with limited information about the team and no pre-sale.
Traders are eager to discover the next big thing similar to Bonk, Dogwifhat or Myro, and according to the project’s Twitter account, $SMOG intends to revolutionize the entire memecoin space.
Currently, Smog is ranked sixth on DEXTools with a high security score of 95, which is determined by various factors such as project details, transactions, holders, liquidity and pool creation date, further enhancing its appeal.
To participate in the $SMOG airdrop, traders must use a Solana-compatible wallet such as Phantom and can exchange SOL, USDT, or BONK tokens for Smog through the Jupiter DEX aggregator or Birdeye. Follow the latest Smog price action on DEXTools, Birdeye, and DEXScreener.
$SMOG challenges the memecoin scene on SOL with a unique airdrop
Capitalizing on the new trend of finding airdrops, $SMOG has introduced a unique feature designed to bring a surge in social interaction to the project, which was born out of Jupiter’s Celestial Forge and bills itself as the most rewarding token on the Solana network.
$SMOG plans to offer an unparalleled airdrop experience, where token holders can earn points to qualify for major airdrops. In addition, $SMOG is running an innovative Zealy campaign to boost engagement on its social platforms.
The campaign is expected to generate a lot of interest as users complete daily, weekly, and monthly tasks to earn airdrop points by following $SMOG’s Twitter account and joining its Discord server.
To increase the chances of becoming a loyal selected member and maximizing the airdrop rewards, a list of community tasks can be completed on Zealy. In addition, participants with the highest airdrop points will be included in the leaderboard, adding a competitive element to the event.
Can Smog’s airdrop-based token economics drive prices higher?
The token economics of $SMOG is built on three main parts: fair launch, large-scale airdrop events, and providing liquidity. There are a total of 1.4 billion $SMOG tokens, but only 5% are currently available.
Here are the details of the token economics: 50% for marketing, 35% for airdrops, 10% for liquidity on centralized exchanges (CEX), and 5% for liquidity on decentralized exchanges (DEX). The 5% for DEX liquidity is already in use and is secured by security firm Team.Finance, showing the commitment of the project founders.
Obviously, the focus of token economics is to have a strong marketing campaign before the airdrop to attract people to participate. With a large marketing budget, $SMOG can get a lot of attention in publications, influencers and platforms such as YouTube.
As a result, traders quickly jumped on board $SMOG in hopes of making huge profits and perhaps even growing their investment 10x. To buy $SMOG, you need to trade on Jupiter DEX using $SOL. Check out the project's website for more details.
A look at the comprehensive roadmap for Smog Token
Looking into the future of the project, we can see a detailed plan with many exciting milestones. One notable thing is the introduction of staking, which could mean more airdrops are coming, and there are also discussions about burning tokens and conducting more airdrop events.
What’s special about this project is that they hope to gather more than 10,000 “loyal selected” members. To become a part of this group, holders need to be selected and then pledge to join the $SMOG community through certain ceremonies, promising additional rewards in the airdrop.
Basically, in the first phase, they focus mainly on launching the project and laying the foundation for future progress. The second phase is about successfully launching the token and ensuring a smooth process in the market. Finally, the third phase is about striving to become the top memecoin and achieving all the project’s goals.
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