Smog ($SMOG) is a new meme coin based on the Solana blockchain. This dragon-themed meme cryptocurrency has recently conducted its decentralized exchange (DEX) launch – surpassing a $60 million market cap in just a few days.
In this how to buy Smog guide, we will show you how to purchase $SMOG tokens in a few simple steps. Our guide also reviews the tokenomics, roadmap, and use cases of this new cryptocurrency.
Before you learn how to buy Smog, here are some of the key talking points about this new cryptocurrency: Smog Key Points
How to Buy Smog ($SMOG) – A Beginner’s Guide
The sections below show interested investors how to buy Smog ($SMOG) in 5 simple steps:
Step 1: Get a Cryptocurrency Wallet
When buying $SMOG through the decentralized exchange, you must download a compatible Solana-based cryptocurrency wallet – such as Phantom or Trust Wallet.
If you do not hold one of these wallets, add the extension on your laptop/browser. Alternatively, you can download the app on iOS or Android.
Step 2: Buy Crypto
$SMOG can be traded with other cryptos such as Solana (SOL), Tether (USDT), Ethereum (ETH), and Bonk (BONK). Purchase one of these cryptos through a suitable crypto exchange and transfer the holding to the wallet.
Step 3: Connect Wallet
Visit the Smog website, and click the ‘Buy Now’ widget. This is the widget to purchase $SMOG with the Ethereum blockchain. Connect your compatible wallet by following the on-screen instructions on the screen.
Alternatively, scroll down to the ‘How to Buy’ section. Select the ‘Click Here’ option – and you will be redirected to the Birdeye website, through which you can purchase tokens on the Solana blockchain. Click the ‘Connect Wallet’ option to continue.
Step 4: Buy $SMOG Tokens
After your crypto wallet has been linked, select the crypto with which you want to swap tokens. Enter the amount of tokens you wish to purchase and confirm the transaction.
When purchasing through the Ethereum blockchain, you can select the ‘Buy and Stake’ option – your holdings will automatically be staked once the purchase is complete.
Step 5: Register for the Airdrop
After purchasing tokens, you can register for the $SMOG token airdrop with Zealy.io. Once you register, you can interact with the Smog community and collect airdrop points.
What is Smog?
Smog ($SMOG) is a meme coin named after the popular Dragon from the Lord of the Rings series. The cryptocurrency has been built on Solana – and will feature one of the greatest airdrop campaigns ever.
On February 7th 2024, Smog conducted the token’s fair launch – listing $SMOG directly on the Jupiter decentralized exchange. Since DEXs facilitate peer-to-peer trading directly on the blockchain, users can have more control over their funds. Notably, $SMOG launched at a price of only $0.001419 per token – with a mere market cap of $2 million.
Within the first 24 hours of the token launch, $SMOG soared to an undiluted market cap topping $50 million – resulting in a price increase of more than 4,700%. If you invested just $20 at the market opening – it would be valued at $960.
The goal of this cryptocurrency is to become the best meme coin in the future. Smog wants to compete with the likes of other successful tokens such as Pepe Coin and Bonk. In fact, $PEPE also burst onto the scene in 2023 – after soaring from an initial market cap of just $2 million.
Similarly, Bonk was worth $20 million at the end of October 2023 – and ballooned to a near $900 million valuation by December of the same year. Smog could achieve similar highs by upcoming listings on tier-one exchanges such as Coinbase and Binance.
Smog has begun expanding its project, launching on the Ethereum blockchain on 9 February 2024. At press time, $SMOG has an undiluted market cap of more than $61 million – priced at $0.044 per token.
Smog Airdrop Campaign
One of the main features of Smog is the airdrop campaign. Smog promises to reward existing token holders a major portion of its token supply through airdrop rewards. To start earning airdrop points – one simply needs to buy and hold $SMOG tokens.
To rack up additional airdrop points – Smog will let participants take part in daily, weekly, and monthly quests. Some challenges include following Smog on Twitter and Discord.
The candidates with the highest airdrop points will appear on Smog’s online leaderboard. Eventually, Smog will offer 490 million tokens as airdrop rewards. Investors can further increase their airdrop points by staking $SMOG on the smart contract. So far, more than 1 million tokens have already been locked up on the smart contract.
Smog Tokenomics
$SMOG has a total supply of 1.4 billion tokens. As mentioned above, one of the main features of Smog will be the airdrop rewards. Therefore, 35% of the token supply (490 million tokens) will be offered through airdrop campaigns.
Since Smog is also a meme coin, it will use heavy marketing strategies to help promote the project. Therefore, another 700 million tokens (50%) will be used for marketing purposes. A further 5% of the token supply has been set aside for DEX listings and maintaining liquidity.
In the future, Smog also hopes to attract listings on top centralized exchanges – such as Binance and Coinbase. Therefore, the remaining 10% (140 million) of the tokens will be reserved for future CEX listings.
The Future of Smog: The Roadmap
The Smog developers have divided their plans and updates across three roadmap phases. Let’s take a look at some of the future plans for this project:
- Roadmap Phase 1 – The first phase of the roadmap has already been completed. This phase focused on research for the ongoing airdrop and building the platform website. In phase 1, Smog also focused on building the community – with the launch of various social media platforms.
- Roadmap Phase 2 – Currently, we are in the second roadmap phase. This phase will focus on the fair launch of the token. The second phase also includes the recent Ethereum launch and $SMOG’s staking mechanism. By the end of the second phase, Smog also wants to expand its user base.
- Roadmap Phase 3 – The final roadmap phase focuses on the official airdrop launch, and rewards distribution. Smog also plans to release additional roadmap events – to offer an array of prizes and rewards. By the end of phase 3, Smog wants to attract 100,000+ token holders in its ecosystem.
Why Buy Smog?
In this section, we look at some of the reasons why one may be interested in purchasing $SMOG tokens.
New Meme Coin Listing
While $SMOG is a new token, it could be a lucrative investment opportunity for high-risk high-reward investors. $SMOG boasts attractive tokenomics and has been soaring since its DEX launch. While the token reached a market cap of $80 million in a few days post the listing, the number has now corrected to $61 million.
This kind of price increase and correction is common in the meme space. For example, Pepe reached a market cap of more than $5 billion – within a month of its launch. With the massive opening that $SMOG has received, it could potentially offer similar highs. Therefore, Smog can be one of the best cryptos to buy right now.
Staking Returns
Another reason to purchase $SMOG is the passive income one can generate through the staking mechanism. $SMOG tokens can be locked in on the Smog smart contract to generate potentially high APYs (Annual Percentage Yields).
In only a few days, over 1 million tokens have been locked in the smart contract. At the time of writing, Smog is offering 42% in APYs. Along with the passive income, you can also earn airdrop points by staking tokens on the smart contract.
Airdrop Rewards
One of the main reasons to buy $SMOG is due to the rewards offered to token holders. According to the Smog whitepaper, 35% of the token supply will be provided as airdrop rewards. Those who hold $SMOG can start generating airdrop points.
While the details of the airdrop have not been released yet, Smog will offer more information regarding the rewards in the future.
Smog Price Prediction – What is $SMOG’s Potential?
In just under a week since its launch – $SMOG has soared by over 4,700%. While the token has enjoyed monumental success in a short period of time, will $SMOG continue to offer such highs in the coming months and years?
Most analysts say that $SMOG has the potential to offer further growth in the long term. For example, DigitalCoinPrice, a price prediction algorithm, expects $SMOG to reach the $0.32 mark by the end of 2030 – equating to a price increase of more than 22,450% from current levels.
Jacob Crypto Bury, a popular cryptocurrency YouTuber with over 27K followers, is also bullish on the $SMOG price. In a new token breakdown video, Bury mentions that $SMOG would attract low fees since it is based on the Solana blockchain. He states that Smog could be the next ‘Bonk’ – and potentially soar by 100x.
A 100x price increase from the current levels would see $SMOG reach a market cap of more than $12 billion. Offering high airdrop rewards and staking yields, $SMOG is already one of the best altcoins right now. Therefore, a 100x Smog price prediction could definitely be on the cards.
For more information on this meme coin, join the Smog Telegram channel.
Conclusion
Our how to buy Smog guide has shown users how to purchase $SMOG in a few simple steps. Smog is a new meme cryptocurrency – which is up by nearly 5,000% since its DEX listing. $SMOG promises huge airdrop rewards and offers high staking yields.
The token listed on the Solana blockchain, and has now launched on Ethereum as well. Analysts predict that this token could replicate the success of other meme coins such as Bonk and Sponge. $SMOG could soar by 100x in the long term.
References
- Decentralized Exchange Development: Revolutionizing the Crypto Trading Landscape (Shamla Tech Solutions)
- New Solana Meme Coin SMOG Token Announces ETH Bridge After Price Gains 4,703% (PR Newswire)
- Bonk’s price pumped harder around Coinbase listing than any other crypto this year (Blockworks)
- Why is PEPE Coin Rising in May 2024? (Forbes Advisor)
- Smog Price Prediction – SMOG Forecast (DigitalCoinPrice)
