Crypto Airdrops 2024 at All Time High: SMOG Launches Historic Solana Airdrops Not to Miss

March 6, 2024
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3 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

New Solana meme coin Smog launches crypto airdrops, offers staking rewards and seeks to build a strong community.

Recent research conducted by CoinGecko has revealed a trend in cryptocurrency: nearly half of all large airdrops reach their all-time high prices within a two weeks of their launch. 

This insight, from a comprehensive study analysing the price movements of tokens from the largest airdrops between January 1st, 2020 and February 20, 2024, reveals the critical role of timing in the crypto market and holds substantial implications for both investors and crypto projects alike.

This confirms that crypto airdrops are a useful growth tactic, also indicating that interest in a specific token tends to grow following an airdrop as more people talk about it.

Smog: Solana Blockchain Meme Coin with Solana Airdrops

Tapping into the crypto airdrop trend is a new meme cryptocurrency that emerged on the Solana blockchain: Smog

With a recent price surge to $0.07 and a circulating market capitalisation of $49 million, Smog has swiftly captured the attention of the crypto market.

Tokenomics and Distribution Strategy

Smog's tokenomics have been positioned to support its growth within the Solana ecosystem. Notably, 50% of the total token supply has been allocated to marketing efforts aimed at enhancing visibility and adoption. 

An additional 35% of the supply is reserved for airdrop rewards, incentivising community participation and ensuring equitable distribution of tokens. 

The remaining portion of the token supply is allocated to support exchange listings and provide liquidity for investors.

Solana Airdrop and Partnership with Zealy

Smog has introduced an airdrop-focused utility, allocating 35% of its total supply to a massive giveaway to democratise access to $SMOG tokens. Moreover, Smog has initiated airdrops to the DogWifHat community, distributing $1,500 worth of $SMOG tokens to eligible holders. 

Smog's partnership with Zealy, a social media engagement platform, further aims to improve community engagement through daily and weekly quests designed to accumulate airdrop points and foster a gamified user experience.

The response has been high, with over 5,500 active members joining Smog's Telegram channel within the first 24 hours of its launch.

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Development Team & Multi-Chain Functionality

While the development team behind Smog remains anonymous, rumours suggest it shares ties with the team that launched meme coin Sponge, lending credibility to its market entry. 

Smog has expanded its reach by adopting a multi-chain functionality strategy, enabling investors to purchase $SMOG tokens on both the Solana and Ethereum blockchains. This expansion has attracted over 16,000 holders across multiple blockchain networks.

Accessible Acquisition and Staking Rewards

The Smog project website provides a seamless way for Ethereum users to acquire Smog tokens ($SMOG). Adding to its appeal, Ethereum holders can participate in staking their tokens and earn a competitive 42% Annual Percentage Yield (APY).

BUY $SMOG NOW WITH ETH, SOL, USDT, USDC, or BONK

For those within the Solana ecosystem, $SMOG tokens can be found on decentralised exchanges like Jupiter and Birdeye. Additionally, interested individuals can leverage Portalbridge.com to bridge their tokens to the Ethereum network for staking. Once bridged, users can stake directly on the Smog website, maximising the project's staking opportunities.

Roadmap and Momentum

Smog's development roadmap prioritises fostering a strong community and providing ongoing rewards through future airdrops. This ambitious approach aims to recruit over 100,000 "Chosen Warriors" – the title given to its community members.

With over 20,000 token holders, Smog demonstrates steady growth. The recent airdrop to the DogWifHat community further expands its reach and exposure within the crypto space.

Opportunities and Challenges Ahead

As Smog continues to gain momentum in the crypto market, investors are increasingly optimistic about its future prospects. With its innovative approach to token distribution, strong community support, and multi-chain functionality, Smog is well-positioned to outshine its predecessors and establish itself as a leading meme coin on the Solana blockchain.

In conclusion, as the crypto market continues to evolve, crypto airdrops remain a powerful tool for driving user adoption and generating excitement around new projects. 

BUY AND STAKE $SMOG FOR 10% DISCOUNT

With crypto projects like Smog leading the way, investors have ample opportunities to capitalise on the growing trend of Solana airdrops and potentially reap substantial rewards in the process by purchasing $SMOG early before it becomes the next 100x crypto.

You can buy $SMOG on Jupiter DeX – connect your Phantom or other Solana wallet and choose from popular currencies like SOL, USDT, or BONK to make your purchase.

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.

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