Latest Solana Meme Coin Smog Token Unveils ETH Bridge After $37 Million Market Cap Debut – Airdrop Campaign Boosts Investor Sentiment

adminFebruary 10, 2024

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In the latest major development from Solana, new meme coin Smog Token (SMOG) announced that it is transitioning to a multi-chain ecosystem using wormholes, just 24 hours after seeing an incredible rise since launch.

The launch of the Smog token was a huge success in the cryptocurrency market as we ushered in the Year of the Dragon, a move that fueled a major price rise of 134%, achieving a spectacular opening market cap of $37 million.

This comes as breaking news that the SMOG airdrop campaign has already received over 10,000 completed airdrop tasks. This comes amid an overwhelming volume and interest in the unfolding token adventure.

Now leaping from success to success, the Smog development team has not missed a beat in announcing exciting multi-chain news as the Lunar New Year approaches.

Smog Token Accelerates Multinational Development – ETH Launch Scheduled to Begin Later Today

The team revealed that the Smog token will be launched this afternoon on Ethereum via Wormhole using PortalBridge.com, a cross-chain platform with over $1 billion in total value locked (TVL).

Multi-chain bridging requires the launch of SMOG ETH LP to make it easier for new users to purchase SMOG and supply moonshots.

It will also introduce the new SMOG staking platform, which is rumored to target high fixed APY returns of 42.0% for retention incentives with a default 3-month lock-up period.

All SMOG ERC-20 tokens purchased OTC and DEX are eligible for staking, staking rewards will be unlocked and principal tokens can be claimed once the unlock date is reached.

These staking lock-in periods are designed to ease selling pressure and mitigate the potential for negative long-term price action.

With the liquidity pool and user bridge opening later today, along with OTC purchases and fixed staking periods, Smog Token is moving quickly to solidify its status as the new big player on the block.

SMOG Price Analysis: How Smog Token’s Amazing +134% Launch Unfolded?

SMOG price recorded an impressive increase of 134.44% in the last 24 hours. This is because the launch of Solana’s latest innovation has turned traders’ sentiments into optimism.

With a 24-hour trading volume of over $1.2 million, SMOG has surged from its launch price of $0.001419 to achieve an impressive market cap of $37.3 million. This is a result of a vote based on the solid trust of investors.

(source: trading view)

A day ahead of the Year of the Dragon, SMOG is currently taking the market price up to $0.06177 at the time of this writing, leaving the price action in a strong upward trading channel.

The uptrend puts SMOG in a bullish pennant pattern, reinforced by lower support levels that can be exploited in the event of retracements of $0.044, $0.030, and $0.0225.

This suggests a positive outlook for the near term, especially considering the promising fundamental news surrounding Smog Token’s multi-chain bridge.

The ETH bridge could secure the additional volume needed to push SMOG’s market cap to $100 million.

Understanding smog tokens and explaining airdrop campaigns

To learn more about how the Smog token works, SMOG plans to shake up the Solana meme coin sector with a powerful airdrop adventure campaign.

There is a unifying cry: “No meme coin can survive the blaze of smog.”

The innovative utility comes while giving SMOG token holders access to a professional cryptocurrency community called ‘The Dragon’s Court’.

The purpose of this hidden community is to create unstoppable buzz through the promise and excitement of interactive and persistent multi-airdrop campaigns that gamify the user experience.

This interactive adventure element involves users purchasing and holding SMOG to generate and earn airdrop points, but the specific rewards and plans for the airdrop campaign are still shrouded in mystery.

To add to the fun, SMOG holders can be eligible to win community bounties generated through campaigns, doubling the holding incentive for investors.

Brave The Dragon’s Lair: Exploring the Smog Token Roadmap

As we look forward to the future of the project, you’ll find an extensive roadmap with a number of exciting milestones ahead, with key plans in the works.

Since announcing the launch of the staking feature, the development team already appears to be making good progress.

Anticipation of Smog’s upcoming airdrop plans has generated rapid traction, as well as widespread speculation about the impact of a possible incineration mechanism.

Uniquely, the project also lists a milestone goal of reaching over 10,000, the so-called ‘Loyal Chosen’.

To join this elusive and mysterious group, you must select a holder and then pledge yourself to the Smog Realm through various community initiation rituals that promise huge airdrop rewards.

How to Earn Smog Tokens and Participate in the SMOG Airdrop Campaign

To participate in the SMOG airdrop campaign, traders must use a Solana compatible wallet such as Phantom.

Then, using SOL, USDT or BONK tokens, users can exchange them for SMOG through the Jupiter DEX aggregator or Birdeye.

To increase your chances of being selected as a Loyal Chosen and increase your airdrop earnings, take the challenge on Zealy to complete a list of community tasks.

Join the Smog Community X (Twitter)You can keep up to date with the latest news and updates via Discord and Telegram.

Take a look at Litepaper for more details.

Buy Smog here

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