# \[SNPIT] SNPIT TOKEN (SNPT) BOBG PTE. LTD. has included information about $SNPT in its published white paper. Please note that the issuance of SNPT is carried out by BOBG PTE. LTD., and our company bears no responsibility for it. ### About SNPIT AMM Within the application, a virtual AMM (Automated Market Maker) pairing STP (SNPIT POINT) with SNPT (SNPIT TOKEN) is created, allowing STP and SNPT to be automatically exchanged at prices based on a mathematical formula. (A 5% fee is incurred for exchanges) The exchange formula is based on the same principle as Uniswap V1 and V2, which is x\*y = k. ### Release of SNPT Using the AMM, SNPT is exchanged for STP at regular intervals, and subsequently, that STP is burned. This release of SNPT comes from the allocation reserved for game rewards. This allows for a fair release of SNPT without compromising the user experience (UX) of SNPIT. ### Handling at the Time of TGE (Token Generation Event) At the time of TGE only, STP acquired up to that point can be exchanged for SNPT on an equivalent basis. Users can choose to keep their STP as is or receive it in SNPT at the time of TGE. The exchange rate will be determined as follows: 1 STP = The amount of SNPT allocated for early users / Total amount of STP acquired before TGE Should the allocation be received in STP, any remaining SNPT allocated will be burned. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://wp.snpit.xyz/token-economics/snpit-snpit-token-snpt.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.