Based on an announcement on X, Solana’s incendiary new community-focused meme coin Smog (SMOG) has just paid out rewards for over 11 million quests completed across its first two airdrop seasons.
According to Crypto News, Smog’s Season 1 airdrop rewarded $SMOG token holders who joined the project’s questboard on Zealy and completed daily quests and community tasks for XP—the first season ended with a snapshot taken on April 3, 2024. An eye-watering 9 million quests were completed between nearly 50,000 participants in the first airdrop season.
Season 2 began on April 4th and is currently ongoing. This time $SMOG holders’ on-chain activity has been assessed since the beginning of Smog’s launch. It also continues to reward holders who complete community quests in the second season questboard on Zealy. That same day, the team announced the token’s listing on the MEXC centralized exchange (CEX). Due to congestion issues on Solana, the Season 1 payout was postponed and rolled into Season 2. This decision was made in the community’s best interests, as the team did not want congestion issues to cause any users to miss out.
After Solana deployed an update on April 15, the Smog team carried out multiple tests to ensure that the airdrop could be completed by the end of the week. Smog’s Season 1 airdrop distribution began on Friday, April 19, and was completed by mid-afternoon on Saturday, April 20. Due to the delay, the team airdropped two weeks’ worth of tokens during the first distribution, with six more payouts set to be completed over the next six weeks.
SMOG is Solana’s Community Meme Coin
Meme coins can be some of crypto’s most volatile investments due to a lack of obvious fundamentals and a tendency to exaggerate price movements in the wider market. When Bitcoin is rallying, it can go to the moon, but on another day, meme coins can shed value very quickly due to their inherent risk and often questionable deliverables.
Smog is different from the run of dog-related meme coins pawing investors for money. The name references Smaug, the fire-breathing guardian of gold in The Hobbit. But unlike Smaug, anyone wanting a piece of the pie needn’t travel to the Lonely Mountain. They can just join the airdrop. $SMOG launched on the Jupiter decentralized exchange (DEX) on February 7 and quickly became popular due to a unique selling point: encouraging community building and engagement through an ambitious airdrop touted as “The Greatest Solana Airdrop of All Time.”
To join the fun, investors need a funded Solana wallet, which can then be spent on $SMOG via the Jupiter DEX aggregator, Birdeye, or MEXC. Each $SMOG serves as a ticket into ‘The Dragon’s Court’ crypto community—qualifying holders for the airdrop’s ongoing second season. In addition to completing quests, holders can also stake their $SMOG on the Ethereum network for a vesting period of 90 days to earn even more rewards. Buy and stake $SMOG on the official website for a 10% discount on your purchase.
SMOG Price
At the time of this writing, SMOG is trading at $0.08913 with a decrease of 0.5%. The trading volume is $214,572 in the last 24 hours, representing a decrease from one day ago and signaling a recent fall in market activity.
SMOG tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade Smog is Raydium, where the most active trading pair SMOG/SOL has a trading volume of $140,043 in the last 24 hours. Other popular options include MEXC and Orca.
Source: CoinGecko
Conclusion
Smog, Solana’s community-driven meme coin, has recently concluded its first two airdrop seasons, rewarding participants for completing quests and engaging in community tasks. Despite initial congestion issues on the Solana network causing a delay in the Season 1 payout, the team’s efforts ensured a successful distribution, with additional payouts scheduled for the coming weeks. Smog distinguishes itself from typical meme coins by emphasizing community involvement and offering unique incentives such as staking rewards and discounted purchases, contributing to its growing popularity among crypto enthusiasts.
As with many meme coins, Smog’s price can experience significant volatility, influenced by market sentiment and overall crypto trends. Currently trading at $0.08913, Smog has seen fluctuations in trading volume, indicating varying levels of market activity. Despite this, Smog remains accessible for trading on various decentralized and centralized exchanges, with platforms like Raydium, MEXC, and Orca facilitating its exchange.
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