Disclosure: This text does now not constitute funding recommendation. The content material and fabrics featured in this web page are for academic functions handiest.
A meme coin, Smog, rose 1,339 % in 24 hours after launching on Solana’s Jupiter decentralized alternate (DEX).
The Solana blockchain has led the way in which in meme coin innovation during the last six months. However now Smog is forging a brand new frontier powered through an unique airdrop to early traders.
The Smog token pool introduced at 6PM UTC on Feb.7.
Consistent with DEXTools, SMOG is without doubt one of the best gainers.
Airdrop using SMOG and Solana
Airdrops have proved to be a sure-fire option to determine deep-rooted crypto communities.
Jupiter introduced an airdrop on Feb.2, and has since been trending on CoinMarketCap.
And Smog is following the similar path, discovering luck.
Customers will have to purchase and hang Smog to qualify for the airdrop.
However with a plan to unencumber social dominance, the Smog airdrop gives a gamified enjoy, inviting customers to finish duties like becoming a member of its social verticals and a “day-to-day recruitment force.”
Extra main points of the airdrop duties will also be discovered at the Smog Zealy channel.
The Smog web page says 35% of its tokens can be allotted to the group airdrop.
In the meantime, 50% of its general provide is earmarked for advertising efforts.
Any other 10% is to facilitate CEX listings, whilst 5% is to offer liquidity on DEXes.
Smog is trending
Smog is the 9th maximum trending coin on DEXTools, main the pack on safety with a ranking of 95.
This ranking is in response to challenge knowledge, transactions, holders, liquidity, and pool introduction date.
This feeling of safety provides any other attract to Smog.
Analysts are assured the challenge may just observe the likes of Bonk, Dogwifhat, and Myro.
In the meantime, the challenge has been coated through main retailers equivalent to Techopedia and CoinDesk.
Extra about Smog and its roadmap
Smog strives to be the “One meme coin to rule all of them.”
The challenge u-turns the cliched dog-themed cryptos; as a substitute, it’s in response to a gung-ho dragon this is “vaporizing any foe.”
The token was once issued as an excellent release on Jupiter, offering an equivalent alternative for all traders to shop for in on the similar worth.
These days, its primary focal point level is the airdrop, the place customers can accrue issues that may translate to a larger proportion of the pot.
The Smog web page explains that customers’ issues can be published additional into the airdrop.
The roadmap is divided into 3 levels:
Level one makes a speciality of the preliminary challenge building,
Level two makes a speciality of a a hit token release,
Level 3 makes a speciality of all-out meme coin domination.
These days, the challenge is in degree two.
Disclosure: This content material is supplied through a 3rd birthday party. crypto.information does now not endorse any product discussed in this web page. Customers will have to do their very own analysis sooner than taking any movements associated with the corporate.
