# 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                     | <p><br></p>                                                                                                                                                                        |
| **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            | <p><br></p>                                                                                                                                                                        |


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