Tokenomics - Snake
Our token distribution is as follows:
Fair Launch 725M $SNAKE (72.5%)
Treasury 150M $SNAKE (15.0%)
Core Team 125M $SNAKE (12.5%)
TOTAL SUPPLY 1BN $SNAKE (100.0%)
Fair Launch - 72.5% - 725M $SNAKE Tokens
72.5% of the total supply will be launched as a fair launch with liquidity added from the core team. Both the initial tokens and the liquidity will be locked for a period of one (1) year.
Treasury - 15% - 150M $SNAKE Tokens
The treasury serves as a vital resource to fuel project development, marketing efforts, and partnerships. The treasury will hold tokens which will be used for casino rakeback (when launched). These tokens will be locked & vested for two (2) years, with monthly disbursements.
Core Team - 12.5% - 125M $SNAKE Tokens
The treasury serves as a vital resource to fuel project development, marketing efforts, and partnerships. The treasury will hold tokens which will be used for casino rakeback (when launched). These tokens will be locked & vested for two (2) years.
Initial Liquidity
Initial liquidity is crucial to a crypto project because it ensures that there are sufficient assets available for trading on the market. Both the initial tokens and the liquidity will be seeded by the core team.
Treasury Details
The Treasury will hold roughly 15% of the total tokens (150M tokens). These tokens will be emitted monthly for 24 months, at a rate of 6,250,000 tokens per month.
Token Tax
The $SNAKE token will be a Token 2022 Solana token with a 6% transfer tax. The tax will be distributed as follows (rounded to the nearest 10th of a percent):
37.5% distributed to token holders (2.25% of all transactions)
16.6% distributed to NFT holders (1.0% of all transactions)
16.6% distributed to the Core Team (1.0% of all transactions)
12.5% distributed to the treasury (0.75% of all transactions)
12.5% will be $SNAKE tokens sent to a burn address (0.75% of all transactions)
4.1% considered for fees, or sent back to treasury/burned (0.25% of all transactions)
Of the 16.6% distributed to the treasury, 40% will be allocated for marketing, 40% will be allocated for SnakePad, and 20% will be allocated as cash on the balance sheet.