# 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.<br>

**SNAP Token Details**\ <br>

**Ticker:** SNAP

**Total Supply:** 2,000,000,000

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

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**SNAP Token Use Cases**\ <br>

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:\ <br>

* **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.\ <br>

**How to buy SNAP on Pancakeswap and Uniswap** \ <br>

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.

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