# Bitsnap overview

Trading is a snap.

Bitsnap is the world's first fully integrated Telegram mini-program that combines trading, a multi-level commission system, copy trading, and meme coin features. Users can forecast cryptocurrency trends and profit with just a few clicks and a fixed-time of 30 seconds on the platform. It has a strong viral effect, where users earn token rewards for all their actions on the platform including registration, inviting friends, doing trading, etc.

<figure><img src="/files/LZCywxRNQ0AeasLnn3gA" alt=""><figcaption><p>Bitsnap Web Trading</p></figcaption></figure>

<div align="left"><figure><img src="/files/Lb38ZbgtB4nbjHDviiGL" alt="" width="375"><figcaption><p>Bitsnap Trading</p></figcaption></figure> <figure><img src="/files/eGP1c0guQjtkj43aU8Yt" alt="" width="375"><figcaption><p>Bitsnap Aidrop</p></figcaption></figure></div>

On Bitsnap, you will predict as to whether the price of an asset will rise or fall over a fixed-time of 30 seconds and make profits . If the prediction is correct, you will make up to 90% of your trade amount. It is all set to attract all types of traders in Telegram and beyond by offering a simpler and better way to trade and earn.

{% hint style="info" %}
100% hedged: Bitsnap's price index sources include spot and contract trading prices from Binance, Coinbase, Bitmex, OKX, Deribit, and Upbit. Bitsnap opens positions in perpetual contracts and options on these exchanges at the 30-second mark based on users' net positions, and closes them at the next 30-second mark.
{% endhint %}

In upcoming versions, Bitsnap will introduce more decentralized features, such as decentralized trading and decentralized financial services.


# How to join Bitsnap?

There are two ways to join Bitsnap:

1. **Website Access**: Use your PC or mobile browser to visit the Bitsnap official website: <https://www.bitsnap.xyz>. Then, register using your email.

   <figure><img src="/files/hFdwQ2F8q8Yha9AtBcnx" alt=""><figcaption><p>Bitsnap web</p></figcaption></figure>
2. **Telegram Access**: Use Telegram to access the Bitsnap bot by searching for "bitsnap\_bot" on Telegram or by visiting: <https://t.me/bitsnap_bot>. Using Bitsnap through Telegram doesn't require registration, making it quicker and more convenient.

   <div><figure><img src="/files/C21Z4vW8q3YkBOFAlD5q" alt=""><figcaption><p>Bitsnap bot</p></figcaption></figure> <figure><img src="/files/DVikTB01cWB1mygQrE3p" alt=""><figcaption><p>Bitsnap Telegram mini app</p></figcaption></figure></div>


# How to do KYC on Bitsnap?

Bitsnap currently does not require any KYC. However, in upcoming versions, to comply with anti-money laundering and regulatory requirements, users will need to complete KYC in order to withdraw funds.


# How to deposit and withdraw on Bitsnap?

## Deposits or withdrawals on PC Web

On the PC web version, you can access the wallet page by clicking the "USDT" button in the upper right corner of the Trade page or the wallet button in the left menu.

<figure><img src="/files/f1LrG1YqzEL5V5cjNQA7" alt=""><figcaption></figcaption></figure>

Then, on the wallet page, you can click the "DEPOSIT" or "WITHDRAW" button to make deposits or withdrawals.

<figure><img src="/files/2t5HHnWJ2Sxa9Kti4vvY" alt=""><figcaption></figcaption></figure>

## Deposits or withdrawals on Telegram or mobile web

Click the "USDT" button in the upper right corner of the Trade page, or click the "Wallet" button on the Me page to access the wallet management page.

<div><figure><img src="/files/LI6rjzkJPDDlLdZIiphB" alt=""><figcaption></figcaption></figure> <figure><img src="/files/fSke6lpbBnRSPTtSSLLn" alt=""><figcaption></figcaption></figure></div>

## Deposit rules

We currently support **USDT** deposits on the **Tron** and **BSC** chains, with a minimum deposit amount of **10 USDT**. Please note that depositing USDT from other chains may result in permanent loss of your funds.

## Withdrawal rules

We support USDT withdrawals on the Tron and BSC chains, with a minimum withdrawal amount of 10 USDT. The withdrawal fee for USDT on the BSC chain is 1 USDT, and for the Tron chain, it is 2 USDT.


# How to trade on Bitsnap?

## How to trade

Trading on Bitsnap is very simple. You can go long or short on a cryptocurrency, using BTC as an example:

The candlestick chart here is a 30s candle. Each round consists of 2 sessions, **Trade session** and **Result session**, each session corresponds to 1 candle.

<figure><img src="/files/9pwOnF9ZB1ixOELv4pX4" alt=""><figcaption></figcaption></figure>

**Trade session** (30s): user creates 1 or more orders with 2 inputs: Trade amount + prediction result (Up/Down).

**Result session** (30s): user waits for the result to see if win/lose/tie.

* Users can open orders at any time during 1-30 seconds of the **Trade session**, with Bitsnap using the price at the 30-second mark as the **Base price**.&#x20;
* During 1-30 seconds of the **Result session**, users need to wait for the result, and Bitsnap will use the price at the 30-second mark of the Trade session as the **Result price**.&#x20;
* The Trade session and Result session together take a total of 1 minute.
* Bitsnap compares the Base price with the Result price to determine whether the user wins, loses, or ties.&#x20;
* The platform charges some fees on every transaction amount.

{% hint style="info" %}
Bitsnap's price index sources include spot and contract trading prices from **Binance, Coinbase, Bitmex, OKX, Deribit, and Upbit**. Bitsnap opens positions in perpetual contracts and options on these exchanges at the 30-second mark based on users' net positions, and closes them at the next 30-second mark.
{% endhint %}

### Example

You place a 100 USDT long order on BTC at the 20th second of the trading session. At the 30th second, BTC's value is 60,000, which will be set as the base price. At this point, you will stop placing orders and enter the results session. Bitsnap will use your net position of 96 USDT (after deducting the 4 USDT fee) to execute a hedging trade on other exchanges.

1. If the price at the 30th second of the results session is 61,000. Since 61,000 > 60,000, your long position is successful. You will profit 96 USDT, and the system will return your initial 100 USDT plus 96 USDT in profit, totaling 196 USDT.
2. If the price at the 30th second of the results session is 59,000. Since 59,000 < 60,000, your long position fails, and you will lose 96 USDT.
3. If the price at the 30th second of the results session remains 60,000. Since 60,000 = 60,000, it is a tie. The system will return the 96 USDT to your account.

## Other features

<figure><img src="/files/WtMjsxYh3pWDbSIJbLbr" alt=""><figcaption></figcaption></figure>

Bitsnap will compare the Base price from the Trade session with the Result price from the Result session and display the results using **Bead Plate** and **Big Road** formats.

* **Bead Plate**: Records each round's result as either Up, Down, or Tie.
* **Big Road**: A visual representation of winning streaks and patterns.


# Affiliate

<figure><img src="/files/DgqCzdmNcCXQ1CcAVgv6" alt=""><figcaption></figcaption></figure>

If you have a strong enough team or resources to bring users and trading volume to Bitsnap, we offer a more flexible Affiliate model for you. Please contact us on Telegram: @snap\_jetty (<https://t.me/snap_jetty>).

In Bitsnap's agency system, Partners are responsible for recruiting Top Leaders. Bitsnap assigns a commission rate of "a%" to the Top Leader. The Top Leader can then invite their downline agents (T1) or traders (Trader 1). T1 can invite their own downline agents (T2) or traders (Trader 2). When the Top Leader invites T1, they must set T1's commission rate "b%". When T1 invites T2, they must set T2's commission rate "c%". This process continues down the line.

When T1 or Trader 1 trades, the Top Leader earns a% commission. When T2 or Trader 2 trades, T1 earns b% commission, and the Top Leader earns a% - b% commission. This structure continues for each subsequent level.

The Partner, Top Leader, and each Leader can view the entire network's deposits and trading volumes beneath them.

<br>


# Bitsnap Token ($SNAP)

Trading is a $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>                                                                                                                                                                        |


# Roadmap

Bitsnap aims to create a world-class cryptocurrency derivatives platform that everyone can enjoy. Our upcoming decentralized features will make the platform more transparent and fair.

## April 2024 \~ July 2024

* [x] Bitsnap PC Web & Mobile Web
* [x] Bitsnap bot
* [x] Affiliate Program
* [x] Airdrop

## Aug 2024 \~ Sep 2024

* [x] Demo trading
* [x] Mexican payment
* [ ] Telegram payment (Telegram Star)

## Q4 2024

* [ ] **Decentralized trading**
* [ ] **Staking**
* [ ] Copy trading
* [ ] $SNAP TGE (Token Generation Event)
* [ ] Trade $SNAP on top DEXs and CEXs


# Official links

Website: [https://www.bitsnap.xyz](https://www.bitsnap.xyz/)

Telegram bot: <https://t.me/bitsnap_bot>

Telegram channel: <https://t.me/bitsnap30>

X (Twitter): <https://x.com/bitsnap30>