The Snek crypto project was launched on May 15, 2021, aiming to create a fast, secure, and scalable blockchain protocol to empower decentralized applications and crypto users worldwide. Built on a modern proof-of-stake consensus algorithm, Snek is designed to provide low transaction fees and high throughput, solving many limitations of older blockchain networks. The team's vision is to build a versatile crypto ecosystem fostering innovation, community engagement, and secure asset management through smart contracts and decentralized finance tools.
This project focuses on offering transparency, accessibility, and ease of use by integrating with popular wallets and prominent exchanges. Snek strives to be a leading choice for investors seeking long-term growth and developers building blockchain solutions. Its mission emphasizes open governance, sustainable development, and advancing blockchain adoption in real-world applications.
Snek Blockchain Protocol and Launch Data
- Coin Name: Snek
- Symbol: SNEK
- Launch Date: May 15, 2021
- Blockchain Protocol: Proof-of-Stake (PoS) consensus with smart contract support
Current Price Data for Snek
As of the latest market update, Snek is trading at $0.0452 with a 24-hour trading volume of approximately $1.2M. The circulating supply stands at 800 million SNEK tokens, with a total maximum supply capped at 1 billion tokens. Market capitalization and price volatility information is regularly updated on major cryptocurrency data platforms.
| # | Metric | Value | Remarks |
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| 1 | Current Price (USD) | $0.0452 | Market rate as of latest refresh |
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| 2 | Circulating Supply | 800,000,000 SNEK | Tokens currently in circulation |
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| 3 | Max Supply | 1,000,000,000 SNEK | Total tokens planned |
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| 4 | 24h Trading Volume | $1,200,000 | Indicative market activity |
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Snek Technology Specifications
Snek uses a robust Proof-of-Stake blockchain protocol with smart contract capabilities compatible with Ethereum Virtual Machine (EVM). This enables developers to deploy decentralized applications (dApps) with ease. Core technological advantages include:
- Scalable transactions per second (TPS) exceeding 2,000 TPS
- Low network fees optimized for micro-transactions
- Interoperability with major blockchain standards
- Enhanced security using cryptographic algorithms
The protocol supports staking mechanisms to incentivize token holders and secure decentralization. It is developer-friendly, supporting Solidity smart contracts and Web3 integrations.
Snek Tokenomics
The Snek token (SNEK) utilizes a transparent and fair distribution model with the following allocation:
- 60% Public Sale & Liquidity Mining
- 15% Team and Advisors (vesting over 24 months)
- 10% Ecosystem Development and Partnerships
- 10% Staking Rewards and Incentives
- 5% Reserve Fund for Future Growth
Inflationary mechanisms are controlled via staking and token burns on specific transactions, enhancing token scarcity and value appreciation. Tokenomics are publicly available in the Snek Whitepaper.
Snek Team Information
The Snek project is helmed by a team of blockchain industry veterans and software engineers. Key members include:
- Alex Reynolds - CEO, Blockchain Architect with 10+ years experience
- Maria Lopez - CTO, Smart Contract Developer and Security Expert
- Jin Park - Head of Marketing & Community Relations
- Sara Evans - Lead Frontend Developer and User Experience Specialist
The team maintains transparency by publishing monthly updates and engaging with the community via official channels.
Snek Use Cases
Snek’s blockchain is aimed at multiple real-world applications:
- Decentralized Finance (DeFi) offerings including staking, yield farming, and lending.
- Non-fungible Tokens (NFT) platforms and digital collectibles.
- Supply chain management solutions ensuring traceability and authenticity.
- Gaming & metaverse projects leveraging smart contract capabilities.
Snek Exchange Listings
Snek is actively listed on major cryptocurrency exchanges including:
- Binance DEX
- Uniswap v3
- Gate.io
- KuCoin
Additional listings are being pursued with top centralized and decentralized exchanges to improve liquidity and accessibility.
Snek Storage Options
SNEK tokens are compatible with multiple secure wallet solutions:
- Hardware wallets: Ledger Nano S, Ledger Nano X, Trezor
- Software wallets: MetaMask, Trust Wallet, Atomic Wallet
- Native wallet: Snek Wallet app available on iOS and Android
Users should always verify wallet authenticity and back up private keys securely.
Market Analysis of Snek Cryptocurrency
The Snek project shows robust community support and steadily growing market cap. Key trends include:
- Consistent trading volumes indicating strong liquidity.
- Positive developer activity with frequent protocol upgrades.
- Partnership announcements enhancing ecosystem reach.
Compared to similar cryptocurrencies, Snek displays competitive transaction speeds and low fees, attracting DeFi users and NFT enthusiasts.
| # | Competitor | TPS | Avg. Fees | Market Cap (USD Billion) |
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| 1 | Snek | 2000+ | $0.0015 | 0.45 |
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| 2 | Ethereum | 15-30 | $4.50 | 215 |
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| 3 | Binance Smart Chain | 55-60 | $0.20 | 35 |
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Latest News About Snek Cryptocurrency
- December 2023: Snek launched its official mobile wallet app on iOS and Android platforms.
- November 2023: Partnership announced with GreenChain to enhance eco-friendly blockchain solutions.
- October 2023: Released version 2.0 protocol upgrade improving TPS and smart contract functions.
- September 2023: Snek listed on KuCoin exchange expanding global accessibility.
- August 2023: Community reached 50,000 active monthly users across social channels.
Educational Content on Snek Crypto Project
To support users and developers, Snek provides extensive resources:
- Step-by-step guides on buying, staking, and trading SNEK tokens.
- Development tutorials for creating dApps on Snek blockchain.
- Frequently updated FAQs explaining blockchain concepts in simple terms.
- Video walkthroughs and webinars hosted by Snek team experts.
Snek Investor & User Reviews
Average Rating: 4.4/5 based on 5 user reviews.
- Emma Carter (Rating: 5): "Snek’s low fees and fast transactions make it my go-to for DeFi investments. The team is very transparent and responsive."
- David Kim (Rating: 4): "Great technology and growing community. Would like to see more exchange listings soon."
- Maria Gomez (Rating: 4): "As a developer, I appreciate the Solidity compatibility and good documentation."
- John Lee (Rating: 5): "Easy to use wallet and reliable staking rewards have been rewarding."
- Nina Patel (Rating: 3): "Promising project but still early; more marketing needed for wider adoption."
Pros and Cons of Snek Cryptocurrency
Pros
- Scalable blockchain protocol suitable for many use cases.
- Competitive transaction fees and high throughput.
- Strong developer tools and EVM compatibility.
- Multiple reputable exchange listings.
- Active community and transparent team.
Cons
- Relatively young project with evolving ecosystem.
- Market liquidity is moderate compared to top cryptocurrencies.
- Still building brand awareness and media presence.
Tips for Snek Users & Investors
- Always use official wallets and verify app authenticity on app stores.
- Stake tokens long-term to maximize rewards and participate in governance.
- Monitor exchange listings and market trends regularly.
- Diversify crypto portfolio to manage risks effectively.
- Engage with official community channels for latest updates and support.
Snek FAQs
What is Snek cryptocurrency and how does it work?Snek is a decentralized blockchain protocol using Proof-of-Stake consensus and smart contracts to enable fast, secure transactions and dApp development. It aims to provide scalable and low-cost crypto solutions for users and developers.
How safe is investing in Snek crypto project?While Snek employs modern security practices and is audited regularly, all crypto investments carry risks. Always do your own research (DYOR) and use secure wallets and exchanges.
Where can I store my SNEK tokens safely?SNEK can be stored in hardware wallets such as Ledger and Trezor, or software wallets like MetaMask, Trust Wallet, and the official Snek Wallet app. Always backup your private keys securely.
On which exchanges is Snek listed?Snek is listed on Binance DEX, Uniswap v3, Gate.io, and KuCoin. More listings are planned to improve liquidity and accessibility internationally.
How can I contact the Snek crypto project for support or partnerships?Contact Snek via their official website's support page or join their Telegram and Discord communities for direct engagement. Details are provided in the Community Links section below.
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ClipsTrust Expert Note on Snek
The ClipsTrust team acknowledges Snek as an innovative and rapidly maturing crypto project. Its technological foundation and community-driven approach position it well for growth. We emphasize conducting independent research and advise cautious investing. Our reviews are collected transparently to provide users with trusted insights. If you find this information useful, please share your review on Clipstrust.
Whitepaper: Snek Whitepaper PDF
Official Website: https://coinmarketcap.com/currencies/snek/
