When we look back at 2023 in some year's time, it looks increasingly likely that it will be remembered as the year meme coins took over the crypto market. Long gone are the days when investors had to decide between just Dogecoin (DOGE) and Shiba Inu (SHIB).
Now we have an exploding market for meme coins and are almost spoiled for choice. This makes finding the big project a little more difficult. However, there are some ways to make it easier. The Solana network is the place to look these days for successful meme coins and their latest release, Smog Token (SMOG), looks set to provide a staggering 4600% return on investment for those that get in early.
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How Smog will follow in the footsteps of other successful Solana meme coins
The Solana network has been on fire lately when it comes to meme coins that pump by massive amounts. Myro and Dogwifhat have been successful, but Smog Token, in particular, will be looking to recreate the success of Bonk Coin (BONK), which has pumped by over 1300% in the last year alone.
There are also a lot of strong murmurings that the people who bought you Pepe Coin and Sponge Token are also involved with the creation of this meme coin. We all know how important pedigree can be to the overall success of a meme coin, as whale investors love to get behind something with a track record.
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Not only will Smog Token have the strength of the Solana network behind it, but it has also recently announced an Ethereum network bridge following its initial launch success. SMOG’s market cap soared past $50 million in the first few days following its launch and it will now be a multi-chain ecosystem, which only adds to its potential.
https://x.com/SMOGToken/status/1758476120188428779?s=20
As you can see from the above post, Smog Token has started off like a runaway train, but why exactly is it building such a name for itself in such a quick fashion? Well, as their slogan goes ‘No meme coin can survive the fiery flames of Smog.’ The aim of this project is to become so viral that it crushes the competition.
The main feature of the ecosystem is consistent airdrops for its investors. If there's one thing we know, crypto enthusiasts love its free currency. At the time of writing, investors are currently locking themselves in for a big payday.
How they are doing this is by completing daily tasks on Zealy. These are mostly fun game-related activities that investors will love completing, safe in the knowledge they are earning airdrop points that will push them up the leaderboard for the first airdrops.
A clever move the project has made is ensuring those who hold and stake their SMOG tokens will receive the most airdrop points. You can claim your rewards at any time, but what's the rush when investors know they have a massive airdrop coming down the line?
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One of the main reasons we think that Smog Token has chosen a sustainable model is how they have broken down their tokenomics. A massive 50% of the total allocation of SMOG is going toward marketing. We believe virality is the most important contributor to a meme coin's success, so we love this move.
We mentioned above how there are rumors that the creators of Pepe Coin are also involved with Smog Token. This would make sense, considering that Pepe Coin may be the biggest success story in terms of marketing that crypto has seen.
When it was originally listed, nobody had ever heard of it and now it is arguably the most famous meme coin there is. A lot of this has to do with how much it pumped, but marketing is also a big contributor. Smog Token will be hoping that putting so much emphasis on marketing and reality will see it replicate the success of Pepe Coin.
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For any potential investors worried about such a large allocation devoted to marketing, do not worry, as a massive 35% is also dedicated to airdrop rewards. This means that the whole ecosystem is working symbiotically to try to give its investors the biggest return on their investors.
The better the marketing does, the bigger the return for investors. The fun doesn’t stop there either as there is an extensive roadmap that details the big plans that the project has. What stands out most here is something called the ‘10+ loyal chosen’.
While full details have not been released yet, it seems like this will be a loyal community of SMOG followers that gets initiated when they complete certain tasks. When they get in, they will get supercharged airdrop points that will provide even more chances of big rewards.
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At the time of writing, Smog Token has pumped by over 114% in the last 7 days. This is despite not knowing when the airdrop events will be yet. Clearly, investors are hyped and this price should continue to soar as we get closer to the airdrop events.
Conclusion
Solana has been the home to many successful meme coins in recent times and it looks like we are witnessing the birth of another one. Smog Token is building the perfect combination of hype and promised rewards to ensure it gets lots of interest. Despite it already pumping, we think there is plenty more growth in its future.
