TOKENOMICS

Sep 01, 2024


Tokenomics of $Snoople ($SNOP)

Total Supply:

1 billion (1,000,000,000) $SNOP tokens

cryptocurrency tokens

Token Allocation

Dev Wallet:

5% (50,000,000 tokens)
Reserved for the lead developer
Vesting period: 12 months with monthly release


Marketing Wallet

2,5% (25,000,000 tokens)
Set aside for marketing campaigns, community management, and partnerships
Flexible release depending on project developments

Snoople NFT Marketplace Development:

2,5% (25,000,000 tokens)
Locked for 12 months
Used for the development of the Snoople NFT Marketplace, which will serve as crowdfunding for the future Snoople Casino

Liquidity Pool and Burn:

90% (900,000,000 tokens)
Allocated directly to the Liquidity Pool on Raydium
Tokens will be burned after being added to the pool, increasing scarcity

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Token Utility:

Governance:

$SNOP holders may have voting rights on future project decisions. Additionally, the first 200 holders at the launch of the NFTs will receive one directly in their wallet.

Liquidity Provision:

Users providing liquidity on Raydium can earn rewards from trading fees, even though the initial tokens will be burned.

Transactions:

$SNOP will be primarily used for trading on Raydium and other Solana-based decentralized exchanges.

Deflationary Model:

Burn Mechanism: 85% of the total supply will be burned after being added to the liquidity pool, ensuring a deflationary model for $SNOP.

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