About Snap Token
Snap Token (SNAP) is a cryptocurrency launched in 2021and operates on the BNB Smart Chain (BEP20) platform. Snap Token has a current supply of 149,460,000 with 0 in circulation. The last known price of Snap Token is 0.0002877 USD and is up 0.00 over the last 24 hours. It is currently trading on 4 active market(s) with $0.00 traded over the last 24 hours. More information can be found at
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Market Stats
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Additional info about Snap Token
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x57cd5A91c18D21DeDd72d3bcf255b60Aef290f53 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.000343 | 0.00% |
FAQ
The SNAP is a cryptocurrency that is inspired by NFTs (non-fungible tokens) and comics. The goal of the SNAP token is to grow the DeFi (decentralized finance) community. Snap aims to create a realm for comic fans and NFT collectors, with everything being decided and affected by the community, which is called Snap Universe.
Snap Universe has 10,000 NFTs, which are categorized into “heroes” and “villains.” These 10,000 NFTs are issued on the Ethereum blockchain. Users can join the Snap Universe by selecting one of the 10,000 heroes and villains who live in the Snap Universe. These heroes and villains are avatars, which decide the backstory and powers of the users.
As mentioned on the website, the SNAP token has both inflationary and deflationary dynamics to reward holders while also keeping the pool of the tokens balanced. In the inflationary model, every time a user purchases SNAP tokens, 8% of the tokens are minted and redistributed as rewards among the holders.
In contrast, when a user vends SNAP tokens in the deflationary model, there is a transaction fee of 11%. Of the 11% fee, 9% is utilized to buy back and burn the SNAP tokens. Burning of the tokens is a process of destroying them permanently. This is done by sending the SNAP tokens to an unusable or invalid address from which the tokens can not be retrieved.
The SNAP platform was founded by lead developer J and NFT advisor QUANTZZ. Further, G takes care of the graphics and design. THE GERMAN is the community moderator. The platform was launched August 10, 2017.
In addition, the platform has achieved a few of its targets from the roadmap, like getting listed on exchange platforms, organizing community meetings, launching SNAP Universe, etc.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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