Smog meme coin launches on Solana, surges by over 1,300%

A meme coin, Smog, rose 1,339 % in 24 hours after launching on Solana’s Jupiter decentralized trade (DEX).

The Solana blockchain has led the best way in meme coin innovation over the previous six months. However now Smog is forging a brand new frontier powered by an unique airdrop to early buyers.

The Smog token pool launched at 6PM UTC on Feb.7.

In keeping with DEXTools, SMOG is among the many prime gainers.

Airdrop driving SMOG and Solana

Airdrops have proved to be a sure-fire strategy to set up deep-rooted crypto communities.

Jupiter launched an airdrop on Feb.2, and has since been trending on CoinMarketCap.

And Smog is following the identical route, discovering success.

Customers should purchase and maintain Smog to qualify for the airdrop.

However with a plan to unlock social dominance, the Smog airdrop gives a gamified expertise, inviting customers to finish duties like becoming a member of its social verticals and a “day by day recruitment drive.”

Extra particulars of the airdrop duties may be discovered on the Smog Zealy channel.

The Smog web site says 35% of its tokens shall be allotted to the group airdrop.

In the meantime, 50% of its complete provide is earmarked for advertising efforts.

One other 10% is to facilitate CEX listings, whereas 5% is to supply liquidity on DEXes.

Smog is trending

Smog is the ninth most trending coin on DEXTools, main the pack on safety with a rating of 95.

This rating is predicated on challenge data, transactions, holders, liquidity, and pool creation date.

This sense of safety provides one other attract to Smog.

Analysts are assured the challenge may comply with the likes of Bonk, Dogwifhat, and Myro.

In the meantime, the challenge has been coated by 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 based mostly on a gung-ho dragon that’s “vaporizing any foe.”

The token was issued as a good launch on Jupiter, offering an equal alternative for all buyers to purchase in on the identical worth. 

Presently, its predominant focus level is the airdrop, the place customers can accrue factors that may translate to a much bigger share of the pot.

The Smog web site explains that customers’ factors shall be revealed additional into the airdrop.

The roadmap is cut up into three levels:

Stage one focuses on the preliminary challenge improvement,

Stage two focuses on a profitable token launch,

Stage three focuses on all-out meme coin domination.

Presently, the challenge is in stage two.