A Meme-Coin to Watch on Base Chain

DUBAI, UNITED ARAB EMIRATES / ACCESSWIRE / July 1, 2024 / The cryptocurrency market is constantly evolving, with new projects and tokens emerging to capture the interest of investors and enthusiasts. One such project that has recently gained attention is the meme-coin $SNORT, built on the Base Chain. Despite the market decline, $SNORT has shown resilience and growth, making it a leading player in the meme-coin sector. Here’s a detailed look at $SNORT’s journey, its unique features, and what makes it stand out in the crypto space.

SNORT stock performance

Launched just two months ago, the $SNORT token has already shown promising signs. Initially set at a floor of around 4 million market cap, the $SNORT token has managed to maintain this level despite the overall market downturn. According to the latest updates, the $SNORT token has a market cap of around 4.3 million, with liquidity of over $740,000 and a growing number of holders now exceeding 5,000. This growth is notable considering that the token had 3,600 holders just eight days ago.

The consistent market cap and growing holder base indicate strong community and investor confidence in $SNORT. The project has also managed to recover quickly from minor dips, demonstrating its stability and potential for future growth.

Token Inventory and Burning Management

In a strategic move to increase scarcity and value, $SNORT burned 10% of its overall token supply. This burning mechanism is designed to reduce the circulating supply, potentially increasing the value of the remaining tokens. Token burning is a common practice in the cryptocurrency space to incentivize holding and stabilize the market.

Introducing Snort Plug Bot

One of the most exciting developments of $SNORT is the introduction of the Snort Plug Bot. This innovative utility rewards users for their engagement and activity on social media, especially Twitter. Here’s how it works:

• Engagement Rewards:Users earn $SNORT tokens by participating in Twitter Raids, using the $SNORT hashtag, and interacting with the community through tweets, replies, and quote tweets.

• Reward Reserve:Each campaign has a predetermined reward pool and a specific number of winners. The more a user engages, the higher their chances of winning a share of the pool.

• Claiming Rewards:Winners can claim their tokens directly on Telegram, although it is advisable to use a new wallet to avoid potential scams.

The Snort Plug Bot not only encourages community engagement, but also promotes $SNORT on social media platforms, potentially attracting new investors and holders.

Upcoming Collaborations and Releases

Collaboration with YouTube Superstar

$SNORT has announced a collaboration with a YouTube superstar that will kick off in July. The partnership is expected to provide $SNORT with a significant exposure, leveraging the influencer’s massive audience to increase awareness and attract new investors. The collaboration is expected to include various promotional activities, high-quality fun content, and interactive events to engage audiences.

Crypto Game “Snort on the Run” Released

In addition to its growing ecosystem, $SNORT is set to release a new crypto game called “Snort on the Run.” The game promises to provide an entertaining and engaging experience for players by integrating $SNORT tokens into the gameplay. Players will be able to earn and use $SNORT tokens in-game, creating a fun and immersive way to interact with cryptocurrency. The release of “Snort on the Run” is expected to further enhance the utility and appeal of $SNORT.

Interesting gifts for $SNORT buyers

To further encourage community participation and celebrate milestones, $SNORT has announced several exciting giveaways tied to market cap achievements. These giveaways will be available exclusively to $SNORT token buyers:

• $10 million market cap:$5,000 worth of $SNORT tokens will be awarded to lucky buyers.

• $20 million market cap:Rolex watches will be awarded to selected buyers within the community.

• $50 million market cap:A Cybertruck will be given away to one lucky buyer, marking a milestone for the $SNORT project.

These giveaways are designed to reward loyal holders and attract new investors, creating additional buzz and excitement around the project.

Utility and ecosystem

Beyond social media engagement and gaming, $SNORT is looking to expand its utility within the basechain ecosystem. The Snort Plug Bot will be available for white-label use by other projects on the basechain for a small fee. This move could generate additional revenue for $SNORT and strengthen its presence within the ecosystem.

Market potential and future prospects

With its unique features, strategic collaborations, and strong community support, $SNORT is well-positioned for future success. The project has already been listed on major centralized exchanges such as MEXC, BitMart, and HitBit, in addition to being available on decentralized exchanges like Uniswap.

Additionally, $SNORT’s participation in Onchain Summer, a major event for the Base Chain, could further boost its visibility and adoption. Onchain Summer is expected to attract around 70 million new users, providing a substantial opportunity for $SNORT to gain traction.

To further boost its appeal, $SNORT also launched a free NFT and announced a $5,000 grant to support the development of decentralized applications (dApps) on its platform. These initiatives aim to foster innovation and expand the utility of $SNORT, making it more attractive to developers and users.

Conclusion

$SNORT is emerging as a serious contender in the meme coin space, thanks to its innovative approach, community engagement strategies, and strong market performance. As the Base Chain ecosystem continues to grow, $SNORT’s potential for significant gains becomes more apparent. Investors and crypto enthusiasts should keep an eye on this project as it continues to grow and expand its reach.

Whether you already hold $SNORT or are considering adding it to your portfolio, the project’s unique features and growth trajectory make it a promising investment in the evolving world of meme coins.

Further information

BaseChain Network Information

PR Contact:
ZEX NEWS WIRE
[email protected]

SOURCE: SNIFF

Fuente