Today, we’re diving into the fascinating world of meme tokens, specifically exploring the SMOG meme token recently launched on both Solana and Ethereum.
Always remember DeFi degens these articles should not be considered financial advice and always remember to do more research and make sure you only ever trade or invest with risk capital that you can afford to lose. Let’s not bet a month’s rent or your grocery money on crypto because that’s just not smart.
Meme tokens have recently skyrocketed, boasting a staggering $50 billion market cap. This exponential growth can be attributed to their unique appeal within the crypto community. Meme tokens leverage viral content and community engagement, creating a perfect storm for rapid adoption. As the crypto space continues to evolve, meme tokens serve as a dynamic and entertaining facet, drawing both seasoned investors and newcomers into the market. The allure lies not only in potential financial gains but also in the vibrant communities that form around these tokens, fostering a sense of camaraderie.
If you know my channel then you know I have a little dabble in the meme sector and specifically with Bonkbot on the Solana network and have been having some great success and you can see the way I trade the meme sector in my Bonkbot playlist.
You will notice that $SMOG is also a meme token on the Solana network so for those Bonkbot traders who love the ease and user experience of trading through telegram you will find a direct link to the SMOG token in the description of this video.
Speaking of $SMOG. It certainly appears to be a standout meme token in the ever growing meme space. Make sure you visit smogtoken.com for the full immersive experience. $SMOG stands out for its unique features and community-driven approach. In this video we are going to dive into the website to explore its tokenomics, roadmap, and engaging community initiatives to see how $SMOG has captured the attention of the crypto world, and we’ll uncover the details that make it a noteworthy player in the meme token space. Furthermore the current market cap only sits at $380 million which is a small fish in a big pond when it comes to meme tokens.
Tokenomics
The $SMOG team claims that this will be the biggest airdrop ever distributed on Solana.
The tokenomics for $SMOG are certainly unique in the fact that there are a total of 1.4 billion of total supply and 50% of that is going towards marketing, while 35% is going to be used for airdrops and 15% distributed for CEX and DEX liquidity. So if we look at the current market cap for $SMOG being 380m MC. This might indeed make it one of the biggest airdrops on Solana. The 35% total airdropped will be 490 million $SMOG at the current price of $SMOG ($0.27), which makes it north of $100+ million airdropped to those active in the $SMOG community.
Road Map
The roadmap and work ethic for the $SMOG team is all about community driven initiatives. From the graphic below you will see they have achieved most of the road map already with much of the focus around finding loyal followers, social initiatives with investors and community members and rewarding the “chosen warriors” with more and more airdrops. The only question remaining is can they burn past the competition and become the SOL king in the meme space. With a large portion of the tokenomics for marketing and airdrops $SMOG certainly has a chance to do that.
The Airdrops
As mentioned a HUGE part of $SMOG is the tremendous community initiatives and there is no shortage of opportunities for community members to participate in the massive amount of airdrops available. Of course you can simply buy and hold to qualify for an airdrop or participate in the $SMOG initiatives to help celebrate the year of the dragon with community quests on the zealy platform. With various quests that are relatively simple you will earn XP points and simply put the more XP points you earn the more you will be airdropped. There is currently no detailed information on the airdrops like how many XP per $SMOG will you receive and there is not yet a specific date for the airdrop. All we know right now is that you need to get into gear earning those points and be ready for when the airdrop comes. There are currently only 11,000 people participating in the airdrop rewards initiatives so for the predicted size of the airdrop that is not a lot of people. Link to the airdrop initiative is in the video description below.
Join the $SMOG Airdrops Today
Buy and Stake $SMOG
There are multiple ways to buy $SMOG, be it on the OG Solana chain through Birdeye or Buy and Stake through OTC website widget on the Ethereum chain for a 10% discount and 42% APY where your tokens are locked for 90 days. Either way you purchase $SMOG you will also be qualifying for an airdrop.
SMOG White Paper
You won’t find anything technical when it comes to the white paper like most meme tokens that provide these kind of details it’s all about the sentiment and the story behind $SMOG and for the most part the story told is shrouded in mystery when it comes to airdrops, the when and how much is all a mystery to keep you guessing and only those who truly buy and hold will surely reap the benefits. All I know is that it is working. $SMOG as we speak is print new ATHs but is still below $380m MC.
Conclusion
Now as meme tokens go I see good things in the future for $SMOG. With such a massive marketing campaign and equally big airdrop we are likely to see $SMOG eclipse $1 billion MC with ease in my opinion. On top of such a price appreciation will be the advent of airdrops for which nobody truly knows when or even how much of an airdrop we will receive for just holding $SMOG or additionally participating in the community initiatives. I do know this will be an interesting ride and I am all aboard this meme token train.
