In a major development for the cryptocurrency community, Smog Token (SMOG) has announced its plans to shift to become a multi-chain ecosystem using Wormhole. This move comes just 24 hours after the successful launch of Smog Token, which saw a significant price pump and a soaring market cap. As we enter the Year of the Dragon, the Chinese New Year, the Smog development team is wasting no time in making exciting multi-chain announcements.
The launch of Smog Token was met with great enthusiasm by crypto markets, resulting in a remarkable opening market cap of $37 million. The success of the launch was further emphasized by the completion of over 10,000 airdrop tasks in a short span of time. The overwhelming response from users reflects the high volume and interest in this new token adventure.
As the Chinese New Year approaches, the Smog development team revealed their plans to launch Smog Token on the Ethereum network. This cross-chain interoperability will be made possible through Wormhole using PortalBridge.com, a platform with over $1 billion total value locked (TVL). In order to facilitate new users in purchasing Smog Token, a SMOG ETH LP will be launched. This expansion to Ethereum also brings the introduction of a new SMOG staking platform, offering a high fixed APY return of 42.0% with a 3-month lock-up period. Both OTC and DEX-purchased SMOG ERC-20 tokens will be stakeable, allowing users to unlock staking rewards and claim principal tokens once the unlock date is reached. These strategic staking lock periods aim to reduce sell-pressure and minimize any negative impact on the token’s price action in the long term.
With the liquidity pool and user bridge set to open soon, along with the availability of OTC purchases and locked staking periods, Smog Token is swiftly establishing itself as a prominent player in the crypto market. Within the past 24 hours, the price of SMOG has witnessed a staggering 134.44% increase, and the market cap has reached an impressive $37.3 million. This surge in value exemplifies the growing confidence and trust investors have placed in Smog Token.
As the price of SMOG continues its upward trajectory, it is worth noting that the token is currently trading within a bullish pennant pattern. This pattern, combined with strong support levels at $0.044, $0.030, and $0.0225, suggests a positive outlook for the short term. Moreover, the introduction of an ETH bridge is expected to unlock additional trading volume and potentially push Smog Token’s market cap to $100 million.
Smog Token aims to revolutionize the Solana meme coin sector through its high-octane airdrop adventure campaign. Holders of SMOG tokens gain access to an exclusive crypto community called “The Dragon’s Court,” which has been designed to unlock unstoppable virality. The interactive and sustained multi-airdrop campaigns gamify the user experience, where users can earn airdrop points by purchasing and holding SMOG tokens. The specific details of the airdrop campaign are still shrouded in mystery, adding an element of excitement and anticipation. Additionally, SMOG holders have the opportunity to qualify for a community bounty generated by the campaign, further incentivizing investment.
Looking towards the future, Smog Token has an extensive roadmap that encompasses several exciting milestones. The team has already made significant progress with the launch of the staking feature and has generated rapid traction through anticipation for the upcoming airdrop plans. There is also speculation surrounding the potential impact of a burn mechanism on the token’s value. Furthermore, Smog Token aims to achieve the milestone of having over 10,000 “Loyal Chosen” members, an exclusive group that gains access to special airdrop rewards through community initiation rituals.
To participate in the SMOG airdrop campaign, traders must use a Solana-compatible wallet and swap SOL, USDT, or BONK tokens for SMOG via Jupiter DEX aggregator or Birdeye. Completing community tasks on Zealy will increase the chances of being selected for the Loyal Chosen group and boost airdrop earnings. To stay updated with the latest news and updates in the Year of the Dragon, join the Smog community on Twitter, Discord, and Telegram.
With its successful launch, expanding to the Ethereum network, and the introduction of exciting features such as staking and the Loyal Chosen initiative, Smog Token is positioning itself as a dominant player in the cryptocurrency market. The positive trading outlook, combined with the innovative utility of the token, makes Smog Token an enticing investment opportunity. However, it is important to note that investing in cryptocurrencies carries inherent risks, and individuals should exercise caution and conduct thorough research before making any financial decisions.
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