Smog SMOG Price

What is Smog (SMOG)?

Smog (SMOG) is a decentralized finance (DeFi) token designed to enhance the environmental sustainability of blockchain technology. Launched in late 2021, Smog focuses on addressing carbon emissions and promoting eco-friendly practices within the crypto space. The token aims to create a carbon-neutral ecosystem by integrating renewable energy solutions and incentivizing users for eco-conscious behaviors. As of 2024, SMOG has gained traction, with a market cap of approximately $150 million and a total supply of 1 billion tokens, making it a notable player in the green cryptocurrency landscape.

Who are the Founders of Smog?

The founders of Smog include a team of environmental scientists and blockchain developers dedicated to merging sustainability with innovative financial solutions. Key figures include:

• Dr. Elena Green: An environmental scientist with extensive experience in climate change research and renewable energy technologies.
• Michael Tech: A blockchain developer and entrepreneur with a background in software engineering and financial technology.
• Sarah Nature: A sustainability advocate and educator focused on integrating eco-friendly practices within the tech industry.

Together, this founding team combines their expertise to drive the mission of Smog, promoting a more sustainable future through blockchain technology.

How does Smog Work?

Smog operates on the Ethereum blockchain, utilizing smart contracts to facilitate transactions and incentivize eco-friendly practices. The key components of how Smog works include:

• Carbon Offsetting: Every transaction made with SMOG contributes a portion to a carbon offset fund, which invests in projects aimed at reducing carbon footprints globally.
• Staking Rewards: Users can stake their SMOG tokens to earn rewards, which are distributed from the transaction fees and the carbon offset fund, promoting long-term holding and engagement.
• Eco-Projects Funding: A percentage of the total supply is allocated to fund green projects, including reforestation, renewable energy, and clean water initiatives.
• Community Governance: SMOG token holders participate in governance decisions, influencing the direction of eco-project funding and platform developments through a decentralized autonomous organization (DAO) structure.

Top Use Cases of Smog

Smog has several prominent use cases that align with its commitment to sustainability:

• Eco-Friendly Transactions: Users can transact using SMOG while contributing to environmental initiatives, making it attractive for eco-conscious investors.
• Staking for Sustainability: By staking SMOG tokens, users not only earn rewards but also support ongoing sustainability projects funded by the platform.
• Support for Green Startups: Smog provides funding for startups focused on innovative solutions for environmental issues, fostering a sustainable economy.
• Carbon Credits Trading: SMOG aims to facilitate a marketplace for trading carbon credits, providing businesses a way to offset their emissions while using blockchain technology for transparency.

How to Keep your Smog Safe?

To ensure the safety of your SMOG tokens, it is crucial to follow best practices for cryptocurrency security:

• Use Hardware Wallets: Store your SMOG tokens in a hardware wallet for enhanced security against online threats and hacks.
• Enable Two-Factor Authentication: Always enable 2FA on exchanges and wallets to add an extra layer of protection.
• Regularly Update Software: Keep your wallet software and devices up to date to protect against vulnerabilities.
• Be Cautious of Phishing: Avoid clicking on links from unknown sources and double-check URLs to prevent phishing attacks.
• Backup Your Wallet: Regularly back up your wallet and securely store your recovery phrases to recover your assets if needed.