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$goofycrisp
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Engineer, crypto investor, nft collector, project advisor - I write threads 🧵 Founder @snekcoinada
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$goofycrisp
01-16
Markets go up. Markets go down. What doesn’t change is the work being done behind the scenes. Every day, our entire team is building and adding value in many different ways. Snek isn’t built on short-term price action. It’s built on community, culture, and our relentless pursuit of success in what we do and what we believe in. Anyone can chase narratives, we prefer to focus on building long-term value and staying power. The numbers speak for themselves. Snek has consistently been a top 3 most traded token every single month, without exception. It is one of the most used tokens in Cardano DeFi (lending and perps). After Midnight, it is the CNT with the most centralized exchange listings, with more coming. Still is the most traded asset ever on Cardano, with the highest number of active holders. What truly separates Snek from other Cardano tokens, and even from other top memes, is how well-balanced the tokenomics are. Achieving this level of market liquidity, trading sustainability, and distribution is extremely difficult. It’s no surprise that so many projects fail. This is a real technical and economic challenge that can only be solved with time, genuine market demand, and a strong community. How did we get here? Many things. But a large part of the answer lies in historical volume. With over 2B ADA traded at a 1% trading fee, that’s 20M ADA generated directly for liquidity providers. On top of that, realized profits on Snek currently sit around 118M ADA, versus only 20M ADA in realized losses. This means Snek has distributed approximately 118M ADA (20M + 118M - 20M) in net realized gains to its holders. These are not paper profits, they are real, realized value. More than any other token on Cardano. Over time, this has created a gap that cannot be easily replicated. It has driven decentralization, increased holder count and integrations, strengthened liquidity depth, and built a true token economy by distributing supply to long-term believers. Even in the worst market conditions, Snek continues to show up and do its thing. Now ask yourself, what happens when conditions turn favorable? Our community has been shaping Snek’s culture and brand for nearly three years. This isn’t something that can be rushed or manufactured. Culture and decentralization take time and cannot be faked. Ultimately, this is what wins in crypto. Snek has survived multiple cycles and grown stronger through each one. This time is no different. In Snek we trust.
SNEK
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