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New Solana Meme Coin SMOG Token Announces ETH Bridge After Price Gains 4,703%

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NEW YORK, Feb. 9, 2024 /PRNewswire/ — In the latest major development on Solana, new meme coin Smog Token (SMOG), launched on Wednesday, has announced it is becoming a multichain ecosystem using Wormhole.

Smog Token’s launch on 7th February has seen the coin come from nowhere to hit an undiluted market cap topping $50 million after a 4,703% price gain.

This comes amid news that the SMOG airdrop campaign has already received over 10,000 completed airdrop tasks – amid a flood of volume and interest in the dragon-themed adventure token, coming on the cusp of Chinese new year, which this year just happens to be the year of the dragon.

https://twitter.com/SMOGToken/status/1755906062253765050

Smog Token Races Into Multichain Development – With Upcoming ETH Launch Tipped for Later Today

Seemingly not skipping a beat, the Smog development team has revealed that the Smog Token will be launching on Ethereum later today (Friday 9th February), via Wormhole using PortalBridge.com – a cross-chain platform with more than $1 billion total value locked (TVL).

Multichain bridging will require the launch of a SMOG ETH liquidity pool to make it easier for new users to buy SMOG and feed the moonshot.

This will also bring in a new SMOG deposit platform, with a principal 3-month lock-up period. Both over-the-counter (OTC)- and DEX-purchased SMOG tokens will be eligible for deposit.

With the liquidity pool and user bridge opening later today, alongside OTC purchases and locked staking periods, Smog Token is moving quickly to cement its status as the new big player on the block.

SMOG Price Analysis: How Smog Token’s 4,703% Price Pump Launch Unfolded

The SMOG price has risen 4,703% to $0.06816 increase over the past 36 hours, as trader sentiment shifted bullish on the launch of Solana’s newest innovation.

More than $1.2 million in initial 24-hour trading volume sent SMOG surging from a launch price of just $0.001419, to hit an undiluted market cap of $50 million, in a vote of resounding confidence by investors. Market cap based on the total supply values SMOG at $90 million.

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SMOG has now hammered up to a market price of $0.06519 at the time of writing, leaving price action in a strong ascending trading channel.

The upside move has also left SMOG in a bullish pennant pattern, bolstered by lower support levels available in the event of a retracement at $0.044, $0.030, and $0.0225.

This suggests a positive outlook on the short timeframe, especially given the promising fundamental news surrounding Smog Token’s multi-chain bridge.

An ETH bridge could unlock the additional volume needed to fuel SMOG’s ascent to a $100M undiluted market cap.

How Does Smog Token Work?

To dig down into how Smog Token works, SMOG is intended to shake-up the Solana meme coin sector through a high-octane airdrop adventure campaign.

“No meme coin can survive the fiery flames of Smog,” is the unifying call.

The innovative utility comes as SMOG tokens grant holders access to an expert crypto community dubbed ‘The Dragon’s Court’.

The aim of this hidden community is to unlock unstoppable virality, with the promise and excitement of interactive and sustained multi-airdrop campaigns that gamify the experience for the user.

This interactive adventure element involves a user buying and holding SMOG in order to generate and earn airdrop points, although the specific rewards and plans for the airdrop campaign still remain shrouded in mystery.

To add to the fun, SMOG holders will be able to qualify for their slice of a community bounty generated by the campaign, doubling-down the holding incentive for investors.

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In the Chinese Year of the Dragon, Dare to Enter the Dragon’s Lair? Explore Smog Token’s Upcoming Roadmap

With major plans in the works, looking forward to the future of the project, an extensive roadmap can be found which features a number of exciting milestones ahead.

Following the announcement for the launch of a staking feature, it appears that progress is already well underway by the development team.

Rapid traction has been generated by anticipation around Smog’s upcoming airdrop plans, and there is also widespread speculation about the impact of a possible burn mechanism.

Uniquely, the project also lists the milestone target of achieving 10,000+ so-called ‘Loyal Chosen’.

To join this elusive and mysterious group, holders have to be chosen and then pledge to the realm of Smog through a number of community initiation rituals – with the promise of supercharged airdrop rewards.

How to Buy Smog Token

In order to participate in the SMOG ecosystem, market participants need to use a Solana-compatible wallet such as Phantom.

Then using SOL, USDT, or BONK tokens users can swap for SMOG via the Jupiter DEX aggregator or Birdeye.

Join the Smog community on X (Twitter), Discord, and Telegram to stay tuned with the latest news and updates.

Explore the Litepaper to find out more.

Media Contact: Gary McFarlane, [email protected]

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VIVOTEK Wins Double Honors for Its Commitment to Sustainability

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TAIPEI, Dec. 26, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading security solution provider, has once again demonstrated its outstanding commitment to sustainability. Participating for the first time in the 17th Taiwan Corporate Sustainability Awards (TCSA), VIVOTEK emerged victorious, earning the Sustainability Report Award for the Information, Communication, and Broadcasting Industry and the Taiwan Corporate Sustainability Excellence Award. These recognitions showcase VIVOTEK’s remarkable success in corporate governance, environmental protection, and social responsibility, affirming its dedication to sustainable growth.

Pioneering Sustainability with Dual Recognition

“For over seven years, VIVOTEK has independently published sustainability reports, actively driving and disclosing our internal sustainability initiatives.” said Allen Hsieh, VIVOTEK’s Spokesperson and Director of the Global Marketing Division. “These awards not only recognize our integrity and efforts in presenting operational performance, environmental data, and social impact but also serve as a strong motivation for us to continue advancing on the path of sustainable development.”

Driving Sustainability through AI Innovation

VIVOTEK delivers advanced AI-powered security solutions built on cutting-edge AI and edge computing technologies. Beyond innovation, the company drives green initiatives, reduces its carbon footprint, and fosters a sustainable, supportive workplace.

Committed to social responsibility, VIVOTEK leads the security industry’s sustainability efforts through its ‘Safety Map’ initiative. For four years, employees have formed security teams to enhance safety in neighborhoods, care centers, and schools with on-site assessments and improvement plans.

In 2024, VIVOTEK will expand its efforts to Hualien’s Dacheng Village, where it will help improve local safety environments and support cultural preservation and tourism revitalization. These actions reflect its dedication to sustainability, community well-being, and lasting societal contributions.

Security Sustainability as a Foundation for Social Impact

VIVOTEK proudly received two prestigious honors at the Taiwan Corporate Sustainability Awards, highlighting its dedication to sustainable practices. These accolades inspire the company to deepen its internal efforts and mark the start of an exciting new chapter.

Building on this achievement, VIVOTEK aims to strengthen its mission of becoming the world’s most trusted smart security brand. By aligning with global market needs and fostering collaboration with customers, partners, and employees, VIVOTEK is committed to shaping a sustainable future founded on mutual trust and shared success.

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To learn more about VIVOTEK’s sustainability initiatives, please refer to the 2023 Sustainability Report.

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2024 Global Youth Design Contest on Chinese Characters Themed “Guiyang in Characters” Successfully Concluded

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GUIYANG, China, Dec. 26, 2024 /PRNewswire/ — To fully implement the spirit of “carrying forward China’s cultural heritage” and “promoting the creative transformation and innovative development of fine traditional Chinese culture”, the 2024 Global Youth Design Contest on Chinese Characters Themed “Guiyang in Characters”, organized by the Publicity Department of the CPC Guiyang Municipal Committee and hosted by www.huanqiu.com, has successfully concluded on Dec.16. The contest drew thousands of teenagers from both China and abroad, who used cultural empowerment and innovative designs of Chinese characters to narrate and promote Guiyang.

At the “Colorful Guizhou • Literary Plateau” Farming and Reading Event, 59 outstanding works from 26 countries, along with 21 representative pieces from various countries and regions, were showcased. According to the organizing committee of the Global Youth Design Contest on Chinese Characters, “This exhibition serves as both a lasting commemoration of the event and a report to all those who care about the inheritance and promotion of Guiyang and Chinese culture.”

In their submissions, the teenagers selected Chinese characters or phrases they believed best represented Guiyang and reimagined them through innovative designs. Outstanding designs incorporated Guiyang’s iconic architecture and cultural landmarks into Chinese characters to present the city’s urban landscape and historical culture. Some works spotlighted Guiyang’s distinctive cuisine, offering a glimpse into the vibrant and diverse local culinary culture. Some other designs drew inspiration from martial arts villages in Guizhou and featured dragon motifs to symbolize the depth and vitality of Guizhou culture.

Saison from Tajikistan was among the participants in this year’s Global Youth Design Contest on Chinese Characters. Speaking about his design of the Chinese characters, he shared that his design sought to merge the beauty of Chinese characters with the charm of Guiyang. “Guiyang is a captivating place, known for its beautiful scenery, delicious food, and diverse ethnic minorities. I tried to incorporate the beauty of Guiyang into my Chinese character design, hoping to convey the city’s charm and the wonders of Chinese characters through my work.”

The contest officially opened for submissions on September 30. In an effort to boost public engagement and participation, a “cheerleading campaign” was organized for shortlisted works from November 22 to 29. Following expert reviews, 80 outstanding works were ultimately selected for public exhibition.

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Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report

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DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.

With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.

Key Findings:

BTC Options Expirations:

In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.

ETH Options: Calls Dominate

Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side. 

Access the Full Report:

Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)

#Bybit / #BybitResearch

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About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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