In a surprising move, Smog Token (SMOG) has announced its transition to a multi-chain ecosystem using Wormhole. This development comes just 24 hours after an impressive launch that saw the SMOG price skyrocket by 134%. With the Chinese New Year approaching, this shift is expected to further enhance the token’s growth and expand its reach to a broader user base.
The launch of Smog Token was met with resounding success, as it garnered a market cap of $37 million. In addition, the SMOG airdrop campaign received over 10,000 completed tasks, showcasing the high level of interest and volume surrounding the token. The success of the initial launch has spurred the development team to announce further exciting news as the Year of the Dragon commences.
The team behind Smog Token has revealed that the token will be launched on Ethereum through Wormhole using the cross-chain platform, PortalBridge.com. This expansion aims to make it easier for new users to buy SMOG and participate in the token’s growth. Along with the launch on Ethereum, a new SMOG staking platform will be introduced, offering a high fixed APY return to incentivize holding. The principal tokens will be locked for a 3-month period to mitigate sell-pressure and maintain a positive price action long-term.
The price of SMOG experienced an astounding 134.44% increase within 24 hours, reaching a market cap of $37.3 million. As the launch of Solana’s newest innovation gained traction, investor sentiment shifted bullish, contributing to the surge in price. The price action of SMOG remains in a strong ascending trading channel, indicating a positive outlook in the short term.
Smog Token aims to redefine the Solana meme coin sector through its high-octane airdrop adventure campaign. Holders of SMOG tokens gain access to a vibrant crypto community called “The Dragon’s Court,” which serves as a platform for interactive and sustained multi-airdrop campaigns. Users can earn airdrop points by buying and holding SMOG, with specific details about rewards and campaign plans being kept secret. The project also features a community bounty that rewards SMOG holders and further incentivizes long-term holding.
Smog Token has an extensive roadmap that outlines exciting milestones on the horizon. The team has already made progress by introducing a staking feature and generating rapid traction through anticipation for upcoming airdrop plans. Speculation regarding the impact of a potential burn mechanism has also piqued interest. Additionally, the project aims to achieve over 10,000 “Loyal Chosen” holders, who will enjoy supercharged airdrop rewards and be part of an exclusive community.
To participate in the SMOG airdrop campaign, users need to use a Solana-compatible wallet such as Phantom and swap SOL, USDT, or BONK tokens for SMOG via the Jupiter DEX aggregator or Birdeye. Completing the community task list on Zealy can increase the chances of being selected as one of the “Loyal Chosen.” Joining the Smog community on social media platforms like Twitter, Discord, and Telegram will provide the latest news and updates for those interested in the Year of the Dragon.
Smog Token’s shift to a multi-chain ecosystem using Wormhole brings exciting opportunities for growth and expands its user base. The success of the token’s airdrop campaign and the surge in price demonstrate its potential as a major player in the market. With plans for staking, burn mechanisms, and an exclusive community, Smog Token shows promise for the future. However, it is important to remember that investing in crypto carries risks, and it is essential to conduct thorough research before making any investment decisions.
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