• SNEK blockchain platform is launching seven new deflationary mechanisms, such as ETH to SNEK bridge and VacuumLabs game.
• The team has legal experts onboard for potential CEXs listing and ongoing marketing campaigns.
• The upcoming Website V2 will facilitate a variety of actions such as Swapping, participating in the Minigame, entering the Raffle, etc.
SNEK Introduces Deflationary Mechanisms
The SNEK blockchain platform is introducing seven cutting-edge deflationary mechanisms including an ETH to SNEK bridge, VacuumLabs game, weekly raffles, Sssnekpool, and Discord roles. To ensure a successful launch of these initiatives, the team has legal experts onboard for potential CEXs listing and ongoing marketing campaigns like murals in Lisbon, meme database, and art contests.
ETH to SNEK Bridge
The ETH to SNEK bridge has already converted 20 ETH with 1.07% of it earmarked for burning. It aims to strengthen the platform in the short-term by conducting weekly purchases of SNEK on Minswap and directing them towards $burnsnek.
VacuumLabsss is a popular ‘high score’ style game allowing players to participate using ADA tokens with daily rewards allocated to top players (80% split among top three and two lucky players) while 20% goes towards burning.
To engage more users into its platform, SNEK is introducing weekly raffles where 80% of the winnings go to one participant while 20% are utilized for burning purposes until their smart contract platform is integrated into the website.
Sssnekpool & Discord Roles
The official Sssnekpool will be launching this weekend with profits dedicated towards buying and burning SNEK tokens; exclusive Discord roles will also be provided as an incentive for users staking with SNEK coins.
Expected to be ready by June’s end is the Websssite V2 which will serve as the nerve center for Snek ecosystem activities such as Swapping; participating in Minigame; entering Raffle; etc..