> For the complete documentation index, see [llms.txt](https://docs.bitsnap.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bitsnap.xyz/bitsnap-token-usdsnap.md).
# Bitsnap Token ($SNAP)
## Introduction
$SNAP is the utility token of Bitsnap. 80% of the $SNAP will be airdropped to users, with 20% reserved for the team, early investors, and advisors. **The goal of $SNAP is to create the world's first trade meme coin.**
Token name: Bitsnap Token
Token ticker: $SNAP
Chains: SOL
TGE: 2024 Q4
## **$SNAP Utility**
$SNAP can be used for fee deductions on the platform. Holding $SNAP grants you profit-sharing from Bitsnap's earnings. Additionally, $SNAP will be utilized in Bitsnap's upcoming decentralized features. Starting from the 3rd month after TGE, Bitsnap will use its net profits to buy back and burn $SNAP.
## How to earn $SNAP
Users can earn $SNAP by joining Bitsnap, trading, inviting others, and receiving trading commissions.
| Item | Airdrop ($SNAP) | Note |
| ---------------- | ---------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Join Bitsnap** | 50 $SNAP |
|
| **Invitation** | 1 Friend = 50 $SNAP | The definition of friends depends on your commission level. For example, when you are at commission level 2, both your direct referrals and their referrals count as your friends. |
| **Commission** | 1 USDT commission = 35 $SNAP | |
| **Trading** | 1 USDT = 35 $SNAP |
|