What Is SNEK?
SNEK is a deflationary memecoin launched on Cardano. It has become a cultural movement and an icon in the web3 world, representing fun and innovation.
SNEK is the most traded token on Cardano and a unifying force within the ecosystem. It brings excitement to its community and plays a leading role in making the crypto space accessible, engaging, and meaningful. With its roots in internet culture and fueled by a dedicated online community, SNEK serves as a vital bridge for web3 onboarding.
Like other popular memecoins, such as Pepe, Bonk, Shiba Inu, and Dogecoin, SNEK has established itself as one of the top meme-based community-driven cryptocurrencies. It pushes the limits of what a memecoin can achieve, with a vision to bring social and decentralized finance within and beyond the Cardano ecosystem.
What Makes SNEK Unique?
SNEK is one of the first popular memecoins with its culture originating from the web3 space. It launched during the bear market and quickly attracted one of the most dedicated and vocal communities. SNEK sparked a movement of unity across the Cardano ecosystem and garnered attention like no other project had before.
How Many SNEK Tokens Are There in Circulation?
The initial SNEK supply was 76,715,880,000 tokens. At launch, 90% of the supply was distributed to the public and LP. SNEK is a deflationary memecoin. It features multiple burning mechanisms in which some tokens are removed from circulation at regular intervals, increasing buying pressure and decreasing supply in a sustainable manner.
How Is SNEK Secured?
SNEK is a native token on the Cardano blockchain, which is secured by the Proof-of-Stake (PoS) consensus mechanism. Decentralized validators, known as Stake Pool Operators (SPO), process transactions and secure the network.
Where Can You Buy SNEK?
SNEK can be traded on Gate, Bitget, MEXC, DexHunter and more. Visit snek.com for additional information.