SnapEx DeFi
  • SnapEx DeFi Introduction
  • Guides
    • Getting Started
      • Create a wallet
      • Connecting MetaMask to Binance Smart Chain
      • BNB Tokens
      • Buying Snap Token on Pancake Swap
      • How to access SnapEx Dashboard
      • Troubleshot Errors
    • Staking
      • Staking on SnapEx for Binance Smart Chain Pools — Guide
      • Claim and Unstake
    • Launchpad
      • How to participate in an IDO
  • Fundamentals
    • SNAP Token Introduction
    • Apply for Launchpad, Farming, Start Pools
    • Business Partnerships
  • Products
    • 🚀Launchpad
      • SnapEx Launchpad Tiers
      • SnapEx Launchpad Tier System — Guaranteed Allocation, FCFS
      • SnapEx Launchpad Rebate Loyalty Program
      • Term of Use
      • IDO Rules
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  1. Fundamentals

SNAP Token Introduction

The SNAP Token is the native blockchain protocol of SnapEx, it integrates both DEFI and CEX models, enabling both retail and institutional-level customers to participate in crypto derivatives trading.

SNAP Token Details

Ticker: SNAP

Total Supply: 2,000,000,000

Networks: Ethereum (ERC20) and Binance Smart Chain (BEP20)

SNAP Token Use Cases

The SNAP token has been deliberated with a careful, precise incentive scheme or mechanism to manage the circulating supply and to increase network effects and demand.

Some of the use cases includes:

  • Fee Discounts: Trading fee and management fee discounts of up to 70%.

  • Token Buyback: SnapEx will use 20% of trading fees to repurchase SNAP in the open marketplace and hold it as reserves for future use.

  • Collateral: SNAP can be used as collateral for margin and futures position.

  • Listing Privileges: Projects who hold enough SNAP will have listing privilege for their tokens to be listed on our exchange.

  • OTC Rebates: Customers who hold enough SNAP will receive rebates from their OTC trading on SnapEx.

  • New Product Privileges: Token holders will be able to participate in our Launchpad and have extra reward with staking.

How to buy SNAP on Pancakeswap and Uniswap

You can now also purchase the SNAP token on DeFi platforms Uniswap and Pancakeswap. For a brief overview on how to do it, please follow the tutorial links below.

Good to know: Splitting your product into fundamental concepts, objects, or areas can be a great way to let readers deep dive into the concepts that matter most to them.

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Last updated 3 years ago