What is SnapEx?
SNAP (SNAP) is a cryptocurrency designed to promote the growth of the decentralized finance (DeFi) community, inspired by the popularity of non-fungible tokens (NFTs) and comics. The goal of SNAP is to create a space for comic fans and NFT collectors to connect and interact within a community-driven ecosystem called the Snap Universe.
The Snap Universe comprises 10,000 NFTs categorized as either "heroes" or "villains" and issued on the Ethereum blockchain. Users can join the Snap Universe by selecting one of the 10,000 heroes or villains, which are avatars that determine the users' backstory and powers.
SNAP has both inflationary and deflationary dynamics to reward holders while maintaining a balanced pool of tokens. When users purchase SNAP tokens, 8% of the tokens are minted and distributed as rewards among the holders. Conversely, when a user sells SNAP tokens, there is a transaction fee of 11%, with 9% utilized to buy back and burn the tokens. Burning tokens means destroying them permanently by sending them to an unusable or invalid address, from which they cannot be retrieved.
Lead developer J and NFT advisor QUANTZZ founded the SNAP platform, with graphics and design handled by G and community moderation by THE GERMAN. The platform was launched on August 10, 2017.
Since then, SNAP has achieved some of its targets from the roadmap, including getting listed on exchange platforms, organizing community meetings, and launching the Snap Universe.
SNAP (SNAP) offers a unique opportunity for comic fans and NFT collectors to connect and interact in a decentralized ecosystem. With its inflationary and deflationary dynamics, the cryptocurrency provides a balanced pool of tokens that reward holders while maintaining stability
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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