π₯ Burn Update π₯
Since inception, two of $SNEK biggest strengths have been liquidity and trading volume. It is now time both are leveraged even further π
Starting now, $SNEK DEX liquidity will be split accross more decentralized exchanges, increasing arbitrage opportunities, security and above all, trading volume πͺ
During this time, trading fees will also be increased. The current dex trading fee is set at 0.25% and over the next few weeks, most DEX $SNEK/ADA trading fees will completely pivot to 1% π
With a past average of 120M ADA per month in trading volume, and Snek owning half of the current market liquidity, this means that Snek could generate as much as ~600,000 ADA per month in revenue keeping the same volume trend. This will increase the buy and burns substantially, by 4x the current rate, making $SNEK more deflationary than ever before π
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TNRUB PL 90% π₯π₯π₯π₯π₯π₯π₯π₯