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A meme coin, Smog, rose 1,339 % in 24 hours after launching on Solana’s Jupiter decentralized change (DEX).
The Solana blockchain has led the way in which 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 traders.
The Smog token pool launched at 6PM UTC on Feb.7.
Based on DEXTools, SMOG is among the many prime gainers.
Airdrop driving SMOG and Solana
Airdrops have proved to be a sure-fire approach 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 presents a gamified expertise, inviting customers to finish duties like becoming a member of its social verticals and a “every 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 might be allotted to the neighborhood airdrop.
In the meantime, 50% of its whole provide is earmarked for advertising and marketing efforts.
One other 10% is to facilitate CEX listings, whereas 5% is to offer 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 relies on mission info, transactions, holders, liquidity, and pool creation date.
This sense of safety provides one other attract to Smog.
Analysts are assured the mission might comply with the likes of Bonk, Dogwifhat, and Myro.
In the meantime, the mission has been coated by main retailers comparable to Techopedia and CoinDesk.
Extra about Smog and its roadmap
Smog strives to be the “One meme coin to rule all of them.”
The mission u-turns the cliched dog-themed cryptos; as an alternative, 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 traders to purchase in on the identical worth.
Presently, its predominant focus level is the airdrop, the place customers can accrue factors that can translate to a much bigger share of the pot.
The Smog web site explains that customers’ factors might be revealed additional into the airdrop.
The roadmap is break up into three levels:
Stage one focuses on the preliminary mission improvement,
Stage two focuses on a profitable token launch,
Stage three focuses on all-out meme coin domination.
Presently, the mission is in stage two.
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