Every successful memecoin starts out as a new idea. One of the latest ideas that’s gaining a foothold in the crypto world is Snek, a memecoin that strives to be more than just any other memecoin.
Snek was first launched on the Cardano crypto ecosystem in February of 2022. It’s a community-owned brand (the world’s fastest-growing one) and led by a team of reputable engineers with the creative minds behind the crypto space, including Cardano celebrities GoofyCrisp, Sal, Rami, Mr Goldenhour, and brand director Maxwell Maher.
Snek has a tradition of putting their community first. These acts of generosity have resonated in the crypto world. When Snek was still new and relatively unknown on Cardano, a massive NFT project known as Yummi Universe abruptly rug-pulled its holders. This left more than five thousand people holding a virtual asset that became worthless overnight.
In response, the Snek team did something that no memecoin has ever done — it announced that the Yummi Universe rug-pull wasn’t in alignment with the kind of Cardano community users were striving for. Snek airdropped free Snek tokens into every digital wallet that was holding the devalued Yummi Universe NFTs.
That airdrop was worth around $25,000, and it certainly caught a lot of attention from the broader crypto world. As a result, Snek became known as the “community coin of Cardano.”
This act was a catalyst for creating a fiercely loyal user base. Although the Snek community is considerably smaller than the surrounding communities holding more established memecoins, its level of engagement is higher than many coins with millions of followers.
Now, Snek is once again taking an innovative approach to raising its profile. In the wake of Binance’s call for smaller tokens to apply to be listed on the site, one Snek community member has launched a campaign that has been drawing the attention of many.
RTB, an avid Snek contributor and creator of the Sneks on Chain X space, started a marathon live stream, vowing to keep the Sneks on Chain X space streaming until Binance agrees to list Snek.
The stream began in late May, and RTB has vowed to keep going. In that time, countless people, including billionaire Charles Hoskinson, stopped by the space to talk or simply to see what was going on.
This marathon livestream broke the world record for the longest X space of all time. Will that ambitious livestream help sway Binance in Snek’s favor? Maybe. But Snek’s roadmap for the future includes several different avenues. In addition to the cryptocurrency, the Snek team has also released various Snek-branded software tools and even a drink called Snek Energy.
These other offerings are part of the core team’s effort to break free from the constraints of the typical memecoin. The team refers to Snek as a “memecoin 2.0” because what they’re creating isn’t just another cryptocurrency — it’s a decentralized, community-owned brand.
So, what does Snek hold for you? If you’re someone who follows the dynamics of the crypto market, this is certainly a project to keep tabs on. For those looking to get in on the ground floor of a coin with growth potential, now is the time.
And even if you aren’t inclined to invest, you may find that the Snek Energy drink — in “Blue Citrusss” flavor — becomes your new favorite beverage.
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