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SNPIT WHITEPAPER
  • Overview
    • Introduction
    • Vision
    • Roadmap
  • Token Economics
    • 🪙[SNPIT] SNPIT TOKEN (SNPT)
    • #️[SNPIT] SNPIT POINT (STP)
    • 🟢[SNPIT] FREE POINT (FP)
    • 💴MATIC
  • How It Works
    • Protocol Specs
    • Smart Contracts
    • Tools for developers
    • APIs
  • Products
    • SNPIT
      • How to use
      • NFT
        • 📷Camera NFT
        • 📷Minting Camera NFTs
        • 🔭Item NFT
        • 🔭Minting Item NFTs
      • Game-Fi Systems
        • 📸Photo Posting and Storage
        • 📸Snap Cap and Daily Token Cap
        • ⚔️Photo Battles
        • 🎲Jackpot
        • 🎲Jackpot Ticket
        • 🔭Item Slots (Camera Bag and Accessory Slot)
        • 🎁Treasure Chests
        • 📮Loot Boxes
        • ❤️"SNPIT" SNPT Long-term Holder Benefits
        • 🏆User Ranking
        • 🧳Camera Deck
        • 🏛️Guild
        • 🖼️Photo Contests
        • 🤖AR Treasure Chests
        • 🏅Sponsorship System
    • Pictier
  • Ecosystem
    • Open Ideas
  • Resources
    • Privacy Policy
    • Terms of Use
  • Update History
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  • About SNPIT AMM
  • Release of SNPT
  • Handling at the Time of TGE (Token Generation Event)
  1. Token Economics

[SNPIT] SNPIT TOKEN (SNPT)

[SNPIT] SNPIT TOKEN (SNPT)

PreviousToken EconomicsNext[SNPIT] SNPIT POINT (STP)

Last updated 10 months ago

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.

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https://bobg.gitbook.io/snpt-en