How To Buy Smog Coin (SMOG) in November 2024
The recent success of meme coins such as BONK and MYRO has provided excellent returns for meme coin investors so far in 2024. This has left crypto enthusiasts keen to find the next opportunity to invest in a project that could explode. Smog Coin (SMOG) is a new crypto project that aims to replicate the success of its predecessors and accumulate impressive returns for holders.
The new shitcoin has been launched straight to DEX and presents a promising opportunity for investors. Smog Coin will reward token holders through one of the biggest Solana airdrops in history. To take part in the SMOG airdrop and win free tokens, you will need to buy SMOG from the Jupiter DEX.
In this guide, we take a look at how to buy Smog Coin in November 2024. We will also take a closer look at the project to determine whether or not it is worth the hype that has been generated around it.
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Smog Coin Quick Buying Guide
If you’re keen to buy Smog tokens, here is a quick buying guide that will walk you through each step of the process. You can find a more comprehensive guide further down the page.
- Create a Phantom wallet: SMOG is a Solana token which means you will need to use a Phantom wallet, or another compatible crypto wallet, to purchase tokens.
- Deposit SOL into your wallet: Deposit enough SOL into your wallet to buy SMOG and cover transaction fees.
- Connect your wallet to Jupiter: Connect your Solana wallet to the Phantom exchange by click ‘connect wallet’.
- Search for SMOG: Paste the Smog coin address to find the token or search for the ticker symbol.
- Swap SOL for SMOG: Swap tokens for Smog Coin. SMOG should appear in your wallet after a few minutes.
- Sign up for the airdrop: To start earning airdrop points, sign up to the Smog Coin airdrop community.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
What Is Smog Coin?
Smog Coin is a new meme token that is built on the Solana blockchain network. The project aims to launch one of the biggest airdrops in history and reward early investors generously. Like most traditional meme coins, SMOG has no real utility other than to generate returns and build an online community.
Smog gets its name from the cartoon dragon that is depicted on the token. The entire project has a fantasy theme and follows the story of dragon slayers who are attempting to battle the sorcery of the digital abyss. This adds an element of fun and excitement to the project and could appeal to fantasy enthusiasts who are looking for a meme coin that aligns with their interests.
Unlike other new cryptocurrencies, Smog Coin did not hold a presale. Instead, the token has been launched straight to the Jupiter DEX. It is possible to earn airdrop points by buying and holding the token from DEX. The more points that you earn, the more crypto you will receive from the airdrop.
SMOG Tokenomics
Smog Coin is a Solana token with a total supply of 1.4 billion. These coins will be distributed evenly to support a robust marketing campaign, a huge airdrop, DEX listings and CEX listings. Here is a breakdown of the token distribution:
- 50% of tokens will be used for marketing.
- 35% of SMOG will be used for airdrop rewards.
- 10% of tokens will be listed on CEX
- 5% of tokens will be listed on DEX
The tokenomics have been designed so that maximum funds can be contributed towards the marketing of Smog Coin. By doing this, the team hopes to recreate the success of BONK, which rose by over 1000% after presale and was launched on Binance.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
Key Features of Smog Coin
Smog Coin is a meme token project that aims to reward early investors. There are 3 main components to the project that are important to understand before investing.
SMOG airdrop
The SMOG airdrop is set to be one of the biggest airdrops ever launched on the Solana blockchain. The event will reward token holders with free SMOG tokens, providing an opportunity to maximize your returns.
To take part in the crypto airdrop event, you must hold SMOG tokens. Investors will earn airdrop points based on the amount of SMOG that they buy. Points can also be earned by participating in the Smog Coin community and helping with marketing efforts.
Airdrop rewards will be allocated based on the number of points that investors accumulate. The more points you earn, the more free crypto you will receive.
The upcoming airdrop event will encourage investors to hold their tokens which will increase the value of SMOG over time. The anticipation of the event could also contribute to social media hype and investor interest.
Fair token launch
Another key component of the Smog Coin project is the fair token launch. Smog Coin has not held a presale. Instead, the tokens were launched straight to DEX which provides investors with a fair opportunity to buy before the airdrop event. This strategy means that the entry point will be the same for all investors which will remove skepticism.
Smog Coin community
As a meme token, Smog Coin will be supported by an active online community of traders. All investors can take part in the community, participate in marketing efforts, and connect with like-minded others.
100,000 members of the Smog community will be chosen to receive exclusive benefits and rewards. This could include further airdrops and opportunities to win free crypto.
Is Smog Coin a Good Investment in 2024?
Smog Coin stands out with its fantasy theme and upcoming airdrop event that is positioned to be one of the biggest airdrops in history. However, is the toke worth the hype? In the following section, we will take a closer look at whether or not Smog Coin is worth buying in 2024.
The recent success of meme coins
One reason that investors are optimistic about the potential of Smog is the recent success of similar meme coins. Tokens such as BONK, SPONGE, and PePe Coin have generated huge returns for investors over the last year. BONK coin saw an impressive 1400% rally in November 2023 and many other meme tokens have experienced similar gains. It is not unusual for anonymous projects, such as Smog Coin, to generate buzz online and see huge growth.
For this reason, Smog Coin may be a good option to consider if you are looking for a project that could provide similar results to other successful meme tokens. However, there is no guarantee that Smog will follow the success of other projects and you should never invest more than you can afford to lose.
Airdrop rewards
The Smog Coin project aims to launch one of the biggest airdrops in history. By participating in this event, investors can receive free crypto tokens and increase the value of their initial investment. 35% of the 1.4 billion token supply will be distributed in the airdrop. This could be very lucrative for investors who manage to earn a lot of points and receive a large stake of the available tokens.
Taking part in airdrops is a popular way to accumulate crypto without risking any capital. The minimum amount of SMOG that you can buy is $1 on the Jupiter exchange and all holders will be able to take part in the airdrop event. That means that you could earn free coins with very little initial investment.
Smog Coin marketing campaign
Smog Coin is positioned to be one of the biggest meme coins in 2024 due to its robust marketing campaign. The team behind the project has allocated a whopping 50% of tokens to marketing, which will be used to generate hype around the project and attract investors.
Meme projects rely on marketing efforts to see success. The most popular meme coins in recent years have used similar marketing techniques to Smog Coin and attribute most of their success to FOMO and social media hype. The Smog Coin team aims to use marketing to generate buzz and become the hottest meme coin to buy.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
What Are The Risks of Buying Smog Coin in 2024?
Even though Smog coin presents a promising opportunity to get involved with the next crypto to explode, investing in meme tokens comes with a high level of risk. Here, we will take a look at the risks involved with buying SMOG and explain how investors can reduce their risk exposure.
Memecoins can be very volatile
Despite their ability to explode and generate returns, meme coins are known for being very volatile assets. This means that the price of a meme token can quickly change in a short period, catching out investors who are not able to keep up with the market.
Most meme coin investors keep a constant eye on the market and employ a robust risk management strategy that enables them to trade without putting too much at risk. This involves only investing capital that you can afford to lose and using stop-loss limits to avoid being caught out by a huge drop.
The team behind Smog coin aims to reduce volatility by encouraging investors to hold their tokens in exchange for airdrop points. Although this could help to ease volatility until the airdrop, Smog Coin could experience more volatile conditions once the airdrop event has taken place.
There is no guarantee that marketing efforts will be successful
The success of Smog Coin relies largely on marketing efforts that will be implemented by the team. At this stage, there is no way of knowing whether these marketing efforts will be effective in reaching their goal. Smog Coin was launched in February 2024 which means that the project is still in its early stages.
So far, Smog Coin has managed to attract a 24-hour trading volume of $1.39 million and appear in crypto news. If the team continues to invest in marketing, the meme coin could reach the same levels of popularity as BONK or PEPE. However, there is no way of guaranteeing this outcome. Investors should be wary when buying a new token.
SMOG has no real utility
Another potential risk of investing in Smog Coin is that the token lacks real-world use cases. Token utility plays a big role in the long-term potential of new crypto projects and is a key factor to consider when conducting analysis.
The main purpose of buying Smog Coin is to participate in the upcoming airdrop event. The token cannot be used for any other purpose. However, the team has hinted at future airdrops and exclusive events that could become available to token holders. If the team were to continue providing incentives to hold SMOG, this could prevent sell-offs and help to maintain the value of the token.
How To Buy Smog Coin (SMOG) in November 2024
In the following section, we will provide a comprehensive guide on how to buy SMOG in November 2024. Before you make any investment decisions, take time to thoroughly research the project and consider whether or not you can afford to lose capital. You should also make sure that you are using a private internet connection before accessing the DEX.
Step 1: Navigate to the official Smog Coin website
Smog Coin is not holding a presale however, you will need to head to the official website where you will be able to easily navigate to the correct DEX.
The token is currently listed on the Jupiter DEX which can be found by clicking ‘buy now’ on the website’s homepage. Make sure that you are using the official website before following any links. It is not unusual for clone sites to be made that attempt to steal investors’ information. To ensure that you are using the genuine website, follow this link.
Step 2: Create a Solana wallet
If you don’t already own one, you will need to create a Solana wallet to be able to buy SMOG. Phantom wallet is considered to be the best option however, it is possible to use any Solana-compatible crypto wallet for this.
You can create a Phantom wallet on your desktop or mobile device. Make sure to write down your recovery phase and store this somewhere safe.
Step 3: Fund your wallet with SOL or USDT
As a Solana-based token, you can buy Smog coin with SOL or USDT. Therefore, you will need to fund your crypto wallet with these tokens.
You can buy SOL from our recommended broker Coinbase with low fees. Once you have purchased tokens, send them to your Phantom wallet by using your wallet address. This may take a few minutes to complete.
Step 4: Connect your wallet to the Jupiter exchange
The next step is to connect your crypto wallet to the Jupiter exchange.
To do this, click ‘connect wallet’ and then select the wallet that you would like to use. You may need to confirm the connection with your wallet provider.
Step 5: Swap SOL for SMOG
Once you have successfully connected your wallet to the Jupiter exchange, you will be able to swap tokens for SMOG. Use the swapping feature on the side of the screen to create the order. Here, you will be able to input the amount of Smog Coin that you would like to buy.
Double-check the details of the transaction before confirming. It will take a few minutes for SMOG to appear in your wallet.
Step 6: Sign up to the airdrop
Smog will automatically register your purchase which means that you will be eligible for airdrop points. To collect your points and take part in the event, sign up for the Smog Coin airdrop by clicking ‘Sign up to airdrop’ on the official website.
Here, you will be asked to connect to Zealy with your wallet or email address. Participants will then be able to complete small tasks to earn more airdrop points. You can view points that have been collected by other investors through the leaderboard feature.
The more points you earn, the more crypto you will receive during the airdrop.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
Conclusion
Smog Coin is a new meme coin that hopes to replicate the success of other lucrative meme tokens that have seen gains in 2024. The coin was launched straight to DEX, providing a fair point of entry for investors. To buy Smog Coin, investors will need to create a Solana wallet and connect it to the Jupiter exchange. SMOG can be purchased with SOL or USDT and the minimum investment amount is $1.
Investors who buy SMOG can earn airdrop points which will increase the amount of free crypto that they receive in the upcoming Smog Coin airdrop. The team behind Smog aims to launch the biggest airdrop in history with 35% of the entire token supply being given away to investors. Participating in the airdrop could be a profitable venture for early investors who will be able to increase the value of their initial investment with free crypto.
However, investing in Smog Coin comes with a high level of risk. Meme coins are known for their volatility and there is no guarantee that the project will reach the success of other meme tokens. You should only invest with capital that you can afford to lose.
FAQs
What is Smog Coin?
Smog Coin is a meme token that provides investors with the chance to participate in an upcoming airdrop event. Smog can be used to gain access to the airdrop and profit from potential price increases.
Where can I buy Smog Coin?
SMOG is currently available to buy on the Jupiter DEX. Investors will need to hold SOL or USDT in a Solana-compatible wallet to buy Smog Coin through the exchange.
Will Smog Coin explode?
Smog Coin shares a lot of similarities with meme tokens that have exploded in recent years. However, there is no way of knowing for sure whether the coin will explode in 2024.
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Ruby Layram Finance Editor
View all posts by Ruby LayramRuby is a Finance Editor who has 5 years of experience in the finance and cryptocurrency space. Ruby attended the University of Winchester where she received a BSc in Psychology. During her studies, Ruby developed an interest in financial psychology and began writing content around the topic on a freelance basis. Whilst she was studying for her degree, Ruby spent time learning about personal finance, investing and trading. She has written content for The Motley Fool UK, Bankless Times and Cryptonary where she also worked as an editor. Her interest in cryptocurrency came about after writing a piece for The Motley Fool about the rise of CBDCs. Since then, Ruby has actively invested in the crypto market with a focus on long-term investing. Ruby is also an experienced trader with good analytical skills. She has used a used a variety of platforms and tools to trade and has first-hand experience with many of the platforms that are featured on the Trading Platforms website.
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