That's correct. The government (via taxpayer-funded Treasury) collected those tariffs from importers and is now refunding them because the Supreme Court ruled the tariffs unlawful. Importers often passed the costs to consumers through higher prices, but refunds go only to the companies that paid CBP—not consumers directly. Any price relief for shoppers depends on whether businesses choose to pass savings along.
3 years ago, we launched the $SNEK presale.
It raised 113k ADA from 449 participants, far more than I expected. The rest is history.
I never thought I’d leave my 7-year engineering career to build a brand and community, but looking back, it was one of the best decisions I’ve ever made.
Since then, we’ve met incredible people, traveled across the world, and built something far bigger than a token. We’ve built one of the best communities in the entire crypto space, and I truly believe the best is still ahead of us.
Happy birthday to Snek, and here’s to many more.