The arrival of the Smog token has ushered in a new meme coin mania in 2024. This Solana-based token’s launch in the “year of the dragon” has given people access to a meme coin capable of rising parabolically and maintaining a successful social media presence.
What makes Smog unique among other meme coins? This guide will cover how to buy Smog token in 2024 and will dive into the token’s fundamentals to point out its key growth drivers.
How to Buy Smog Token – Quick Guide
Smog arrived on Jupiter DEX in early February 2024 and here are the steps to buy it.
- Go to the official website – Visit the official Smog token website – smogtoken.com. We recommend that you use the affiliate link provided in this guide alone since multiple copycats have already emerged for this crypto.
- Go to the Tokenomics page – Scroll down the homepage to the tokenomics section and copy the Solana address.
- Create a Phantom Wallet – Smog is a SOL-based token, which means you require a phantom wallet. Acquire it from the official Phantom Wallet website.
- Go to Jupiter DEX – Go to Jupiter DEX and swap your SOL tokens for Smog tokens.
- Use ETH to Buy Smog – Alternatively, you can use the platform’s OTC to buy Smog using ETH since it is now possible thanks to the recently launched ETH bridge.
What is a Smog Token?
Smog token has been described in the official whitepaper as the token that will unleash its fiery breath to make memecoins a hot asset class again. It emerged with three goals in mind – a fair launch, a trading adventure, and the greatest airdrop in crypto history.
The entire narrative of the Smog token has taken a mystical tone. Far from the standard quirky notes that made tokens like Pepe, Bonk, and Myro a large success, Smog presents a serious appeal.
The token’s fair launch on Jupiter DEX meant that everyone had a fair shot at making early bird gains from the parabolic price action it received. Smog’s goal of providing a trading adventure was fulfilled with it being live on a decentralized exchange, and its narrative of giving users the greatest airdrop in history has been provided through the presence of a gamified airdrop.
Smog’s Gamified Airdrop
The best crypto airdrops have always kept people interested in a project. The promise of free cryptocurrencies has often brought investors together. However, this approach is only good for the short term. their appeal goes away fast, and it can be seen from an asset’s price action.
Smog has veered from the norm by providing a gamified airdrop. Tokens won’t be distributed to holders in a random fashion here. Investors would have to earn it. Smog’s Airdrop is being organized through zealy.io, which shows a list of tasks that have to be undertaken in order to gain airdrop points.
The more points an investor earns, the bigger their share of airdrops will be. The tasks highlighted on the Solana-based airdrop range from following Smog’s Twitter account to raiding a Binance tweet. The points awarded for the tasks are proportional to the marketing impact that the task has on the crypto market.
For instance, going to bird-eye in order to check out Smog’s price chart will net users 5 XP points. However, engaging with Smog’s 24-hour update will reward users with 20 experience points.
Meanwhile, Smog has taken the tasks beyond simple crypto giveaways. There are also limited-time quests associated with trading $SMOG tokens, such as boosting the $SMOG on ETH holdings, buying SMOG on DEX, or using SMOG to burn $BONK.
The availability of a game-focused ecosystem has turned Smog into one of the leading gaming cryptos to invest in.
Smog’s ETH Bridge
Smog’s launch on Jupiter DEX was a success. However, at the time of launch, the only way to buy Smog was using SOL tokens. In order to expand SMOG’s ecosystem, the developers have introduced the ETH bridge.
Smog’s launch on Ethereum happened via WormHole using PortalBridge.com. it is a cross-chain platform with a total value locked of $1 billion.
The introduction of the ETH bridge has now allowed users to buy Smog using ETH.
Smog Staking
Smog has also introduced staking as a way for investors to compound their gains. Those who stake $SMOG tokens will earn APY rewards. They can be withdrawn 90 days after the tokens are added to the staking pool.
At press time, more than 3.1 million SMOG tokens have been staked, and the reward rate stands at 42%.
Smog Tokenomics
Smog has a total supply of 1.4 billion, which is distributed in the following format:
- 50% of the supply is dedicated to marketing efforts
- 35% of the total supply is dedicated to airdrop rewards
- 10% of the total supply is reserved for CEX launches
- 5% of the total supply is reserved for adding liquidity for the tokens’ DEX launch
Why are People Interested in Smog?
The arrival of Smog on the price charts was met with a positive response. The token went up by 1500% within the first three hours and was up by 4500% within the first three days. The community’s positive reaction to Smog happened due to the following reasons.
New Meme coin
The main factor that has continued to drive the growing excitement around Smog is its meme coin aesthetics. Meme coins have already been a good asset to get behind. Their quirkiness is only matched with the community’s interest. However, most meme coins have stuck to one kind of imagery.
Dogecoin propelled the emergence of new tokens with dog-based imagery, such as Shiba Inu, Dogelon Mars, and more. Recently, this token has had other tokens like Bonk and Myro.
Pepe has done the same thing. It pushed a frog-theme narrative that flooded the market with similar tokens.
In the same vein, Smog can be considered the progenitor of dragon-themed tokens. The token’s look is unique, and it already has a lot of takers in the market. Furthermore, Smog spins a unique and mystical narrative around Solana’s meme coin ecosystem. The tone here isn’t quirky but has notes that indicate the presence of a fantastical story.
This is one factor that has got more people flocking around the Smog token.
Solana-Based Ecosystem
The second reason that this token has gotten so much traction is the appeal of the Solana-based ecosystem. Solana has been lauded by many as being one of the best decentralized ecosystems in the industry right now.
Furthermore, Solana has eco-friendly attributes, positioning it as a reliable destination for innovative projects. Bonk and Myro’s success is a testament to how Solana-based meme coins perform. Since Smog also has this factor working in its favor, the crypto community is cheering its arrival.
Gamified Mechanics
The crypto community has been yearning for a proper P2E game. However, the technology is still behind, and there have been way too many projects in the past that didn’t deliver on their promises.
Smog has, inadvertently, introduced a game through its staking mechanics that plays well to its strengths as a meme coin. The tasks highlighted can create engagement and bring the community together, and the rewards in the form of an airdrop make the project look more appealing.
Furthermore, the entire “gaming” aspect of this airdrop presents investors with an ecosystem where nothing is too complex to understand. This approach is simplified, and it is able to deliver ample gains to the user base. This game will likely expand the community, moving more people forward to invest in this unique project.
Long-Term Aspects
The airdrop and the staking utility that Smog has added to its ecosystem give this project a long-term appeal. Staking incentivizes long-term holding, and the gamified airdrop model will keep the community engaged for a long time.
The combined impact of both of these aspects will snowball into a positive force that will likely make Smog a promising investment to more people.
Project’s Launch Timing
Another big reason that Smog has gone over so well with the crypto community is the timing of its launch.
Bitcoin is past the $50k mark for the first time in the last two years, and the entire community is in the throes of another bullish wave. Bitcoin’s positive price action makes the entire cryptocurrency space an appealing investment opportunity.
And since meme coins are accessible assets due to their low prices, investors find it a good choice to invest in them. Smog’s recent action on the price charts is the result of the same sentiment.
Discounts
After going live on Solana, Smog has launched on Ethereum, which has brought in multiple ways to buy this crypto. The most appealing among them, however, is the token’s availability on the OTC website. Buying Smog tokens by swapping ETH or USDT on the official website will allow investors to get SMOG at a 10% discount.
If you seek a more comprehensive insight into Smog tokens, you can check out the video below.
Smog Price Prediction
Smog arrived on Jupiter DEX on February 7th, 2024, without much fanfare. However, thanks to its unique look at the right timing of the project’s launch, it moved up in price quickly, experiencing a surge of 3878% on the daily price charts within 4 days of its launch.
This price action is not out of the norm for a Solana-based meme coin as Bonk experienced similar price action in the past. However, this surge was later suppressed by sell-offs, and Smog’s bottom wick reached $0.024.
The community then rallied once again to start another uptrend. Birdeye shows that the community sentiment around this token is positive. Over $1.53 million worth of $SMOG has been locked inside the liquidity pool and its FDMC currently stands at $94.36 million. According to analysts, $SMOG is on the verge of retesting its current all-time high after suffering a setback last weekend, trading at $0.0690 as of press time.
Far by many miles, Smog is the best-performing Solana-based meme coin. Despite making its market debut this year, it has already established itself as one of the projects with the most potential. Since its launching on Jupiter, the meme coin has outperformed most of its counterparts, becoming one of the top gainers in the market right now.
In the last seven (7) days, $SMOG has enjoyed a significant rise, soaring by 58.01% in what has been described as a prosperous run for the project. Eventually, it reached its all-time high of $0.09451 on Friday, February 16, 2024, before retracing to $0.07668 during the weekend. In order to retest its all-time high, Smog needs another 28% rise, and considering how the market is moving and the bullish sentiment around the token, it is a possibility.
Despite the setback, there are emerging pointers that Smog is on the course of putting its weekend struggles behind to kick-start another price rally. The trading volume of $SMOG has soared by 41.52% in the last 24 hours, placing it at $1,451,056. DEXscreener shows that the token has a total market capitalization of $53.2 million.
The current pace at which the token is rising indicates that it may cross the threshold of $100 million market capitalization soon. At that point, it will go live on multiple tier-1 centralized exchanges.
For now, the project has multiple CEX listings planned already, which may further give the SMOG price another boost. Hence, it is no surprise that our Smog price prediction is bullish.
How to Buy Smog – Complete Guide
Here is a step-by-step guide to buying Smog:
Go to the Official Smog Token Website
The first task is to visit the official Smog token website. Smog’s arrival on the price charts has taken the crypto market by storm, but it has also given incentive to bad actors to come and exploit investors. Multiple copycats have arrived already. Therefore, it is important for investors to only use the link provided in this guide to navigate to the website.
Go to the Tokenomics page
Once on the official homepage of the website, investors should scroll down to the tokenomics section. Below the section, there are two addresses given, one for SOL and another for ETH. Copy these addresses to the clipboard and save it on the notepad.
Create a Phantom Wallet
Since Smog is a Solana-based memecoin, you need a phantom wallet to store it. Go to Phantom Wallet’s official website to download the wallet and then set it up.
Go to Jupiter DEX
Go to Jupiter DEX’s website and connect your wallet. Enter the number of SOL coins you want to swap for Smog tokens. Enter the password to confirm your transaction, and Smog will be transferred to your wallet after a short time frame.
Use ETH to Buy Smog
If you want to take advantage of the staking perk, you must swap ETH or USDT for Smog tokens. The platform’s new OTC module makes it possible. Enter the amount of ETH you want to swap for Smog tokens and press the buy button. You’ll be given the option to buy and stake the tokens at the same time.
Our Verdict
We have highlighted in this guide the process of buying Smog tokens. The process is simplified, and with the launch of ETH-bridge, purchasing the tokens has become easier. When it comes to the project itself, it has good fundamentals that give it long-term upsides as well as traits of a good day-trading crypto. Those interested in investing in this innovative memecoin can visit smogtoken.com.
Smog (SMOG) - Meme Coin With Rewards
- Airdrop Season One Live Now
- Earn XP To Qualify For A Share Of $1 Million
- Featured On Cointelegraph
- Staking Rewards - 42% APY
- 10% OTC Discount - smogtoken.com
FAQs
How can I be eligible for Smog airdrop?
To be eligible for Smog airdrop events, it is imperative that you buy the tokens and participate in tasks to earn points. The airdrop will be distributed to investors based on their accumulated points
Can I buy $SMOG using ETH?
After the integration of ETH bridge, Smog has launched on Ethereum and can be bought using Ethereum tokens.
Is Smog a good investment?
Smog has multiple unique fundamentals, including airdrop gamification, and staking. These fundamentals and the tokens' viral nature give it both short and long-term perks. In that sense, it is a good investment. However, investors must do their due diligence before investing.
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