Crypto Snack – White Paper

December 2021

Version 2.0

White Paper 

 

What is Crypto Snack?

The Crypto Snack brand is a fun and innovative DeFi Token that’s focused on growing the crypto community. It has 3 distinct brands – Snack Token, Green Snack and Casino Snack. Crypto Snack is launched on the Binance Smart Chain to benefit from super low transaction fees and one of the fastest settlement times. Snack is focused on becoming the number one Token in the iGaming Industry.

The future of Crypto Snack Token is a payment method that will be widely accepted by the major crypto payment providers. Our first entry to the payment market will be through eGaming and iGaming as a payment option listed with Coins Paid. Crypto Snack is in discussion with challenger banks and prepaid mastercard/visa providers to allow its holders to spend Snack like any other currency. Snack wants to have full utility in the payment market to increase the mass adoption of crypto currencies and make the transition away from traditional methods as easy as possible.  

Crypto Snack is a Green Token! This is why we developed the brand ‘Green Snack’ to focus on environmental issues. Snack cares for the environment and wants to help fight climate change. We have identified carbon offsetting as an area we can really make a difference. We are setting up a green treasury with tokens locked for green projects. Green Snack will look to work on 3 components for CO2 tracker: carbon tax, implied floor price per ton, and limits on emissions. All carbon offsets will be registered on the blockchain. The Treasury stands to gain from exposure to the above when regulators make a move. We currently have a strategic partner who will become the CEO of Green Snack andis working in the environmental industry. They will be charged with identifying projects we can have the most impact on. Green Snack will be officially launched in the first quarter of 2022. 

Crypto Snack is a token launched on the Binance Smart Chain (BEP20) with special ties to the iGaming industry. Crypto Snack will become the number one token in the iGaming industry and be synonymous with all things iGaming. The token is already partnered and listed with the biggest payment processor in the iGaming industry – Coins Paid. We are one of only 31 tokens listed on this processor and the first BEP20 token listed. This partnership also gives us access to 700 online casino and sports betting operators who can use our token as a payment method. We designed our website to be fully SEO enabled to act as a casino affiliate website to send high value crypto casino traffic to existing partners and  in the future Snack Casino. Crypto Snack has been specifically created to be used as a payment method and fits into the iGaming industry perfectly. As we are the first BEP20 token listed with Coins Paid we benefit from the lowest transaction costs and fastest settlement times over other blockchains. All of these advantages place us in a unique and hugely advantageous position within the iGaming industry.

All these brands have a common goal of serving the community of holders to grow the business while continuing to dedicate a portion of its tokens to fight climate change. This makes us the next unicorn to come out of the crypto world. 

Automated Market Maker

An automated market maker (AMM) is a decentralized application (dApp) that uses smart contract-based protocols to facilitate peerless trading. This means there are no order books, and there’s no need for a buyer to be on the other end of any token swap. Liquidity for these token swaps comes from AMMs. People can lend their crypto assets in pairs to DeFi protocols such as Aave and Compound.

Automated market makers (AMMs) have reshaped decentralized finance (DeFi) in recent months. After popular decentralized exchange (DEX) Uniswap exceeded the 24-hour trading volume of Coinbase, the centralized crypto exchange (CEX) with the most users in the world, it became almost impossible to make small trades on Ethereum-based protocols and participate in governance due to high network congestion and gas fees. Therefore, interacting with Ethereum-based decentralized applications (dApps) can often be restricted to only those large holders who can afford the fees without it taking a huge chunk out of any potential profits.

Uniswap was such a game-changer, it has been copied and cloned multiple times! Protocols such as PancakeSwap and SushiSwap took the JulSwap model and created healthy competition within the DeFi space using the blueprint. However, one of the main issues faced by some clones is a lack of transparency and accountability. Often, community governance can take a back seat in DeFi protocols. Also, as the market becomes saturated, the incentives for liquidity providers and staking rewards are reduced. This can make the risks involved outweigh the potential rewards, especially when it comes to yield farming. The Crypto Snack token (SNACK) is incentivising community participation as a way of increasing adoption so that users are able to exchange BNB and USDT for SNACK in JulSwap or PancakeSwap. On our official website there will be a function where users can connect their wallet and exchange USDT, ETH and BNB for SNACK which helps with mass adoption and will be clearly explained with instructional videos.

Binance Smart Chain

Binance Smart Chain (BSC) has over 125 Million wallet addresses and aims to make DeFi accessible for everyone. By facilitating low-cost, cross-chain token swaps and simple Binance Smart Chain MetaMask integration, BSC lowers the barrier of entry to DeFi. This is the reason BSC was chosen for Snack to run on because of all the benefits it offers users. BSC and ETH run on parallel chains so it is easy for Snack to use MetaMask. MetaMask is a web3 wallet — an online ‘hot’ wallet that features in your browser. MetaMask makes it super easy to interact with hundreds of platforms across different blockchain networks. 

 

Snack Token

Crypto Snack token (SNACK) is a BEP-20 token standard, native to the Binance Smart Chain (BSC). In the future SNACK will offer great utility within the SnackSwap ecosystem, including representing governance rights in votes on updates or proposals to the protocol. Additionally, SNACK tokens in the future will be used as liquidity rewards. The Crypto Snack share of these supplies is proportional to the amount of liquidity provided to the protocol: a maximum cap of 5000 SNACK per block and a minimum supply of 1 SNACK per block is in place. Supply to the DEX exchanges will always remain at 10,000,000 until SNACK lists on a centralised exchange. The total supply of Crypto Snack (SNACK) tokens is 10,000,000,000 SNACKS. 

Snacker Community

The Snacker Community is the most important piece of the Snack universe. Snack will bring a diverse community to its ecosystem. Because the Snack brand brings together Crypto enthusiasts, All levels of iGaming participants, the environmental community and everyone who is looking to move away from Fiat Currencies to a better option. Crypto Snack is working to create a delicious, democratised and decentralised exchange (DEX). This will be built thanks to the community of Snackers! The important thing right now is to continue to grow our community and increase snack holders. The team believes in the DeFi governance model that gives the real power to all SNACK holders.

Why use Crypto Snack?

There are several reasons that are causing people to turn away from Ethereum Network towards Binance Smart Chain (BSC). BSC is faster and cheaper to use than Ethereum. With gas prices reaching incredible heights, many simply can’t afford to use Ethereum-based DeFi protocols. BSC has a fixed transaction fee which can be as low as 1 cent. Furthermore, block confirmation times are around three seconds per block. Also, when compared to Ethereum, BSC has a much lower barrier to entry. The Binance ecosystem is thriving at the moment, with several successful projects all supported by one of the largest and most successful blockchain communities around. With Ethereum Virtual Machine (EVM) compatibility, BSC makes it seamless for Solidity developers to go ahead and move to the new BSC platform. All these benefits make Snack the perfect payment method for iGaming, e-commerce and the new age of digital banking. 

Snack Casino

Snack aims to be the number one token within the iGaming industry. To achieve Snacks goals the Snack brand will open its own online crypto casino based off the Snack Token. The Crypto Industry and the iGaming Industry have many crossovers and share several benefits for both the user and operator. Crypto Snack will be a disruptor to the current landscape as it will not only be a recognized casino affiliate it will also be an operator and a currency used to play. Having the full utility in the iGaming space is a unique advantage that will really benefit the Snacker Community. To further benefit the Snack Community a percentage of the Snack Casino profits will be added to the DEX liquidity pool to increase the value per Snack token without buying or increasing the token supply. 

Green Snack

Green Snack is being developed to make a real difference to the planet. Green Snack will act as a treasury, unlocking snacks when Carbon has been offset. The Green Snack project will release its own ‘Green Paper’ in the first quarter of 2022 to outline the treasurys mandate and the objectives it hopes to achieve. Additionally to benefit the Snack Community a percentage of the Green Snack profits will be added to the DEX liquidity pool to increase the value per Snack token without buying or increasing the token supply. 

 

Timeline

  • Q1 2021 

Visual the concept for a Token that can integrate with the iGaming industry with real utility and a real community.

  • Q2 2021

Conduct market research, analyse the competition and identify opportunities. 

  • Q3 2021

Prepare the token to launch on the Binance Smart Chain. Cheapest and Fastest blockchain network. 

  • Q4 2021

Pre Sale of Token! Partner with the biggest payment gateway in the iGaming industry. Work directly with the biggest iGaming operators.

  • Q1 2022

Official launch of the Token! Partner with strategic Crypto Casino and Sports Betting platforms. Continue to grow our wallet holders.

  • Q2 2022

Develop our own Dapp with the launch of our own wallet. Build the Crypto Snack exchange. Official Launch of Green Snack.  

 

Tokenomics.

Total Supply: 10,000,000,000

Token Name: CRYPTO SNACK

Token Symbol: SNACK Token

Type: BEP20

Network: BINANCE SMART CHAIN (BSC)

Contract: 0x86accc2580da5bd522a0eec7c881a0d4f33de657

70% Tokens for Sale

10% Retained for Crypto Snack Team 

5% Marketing & Advisor

5% Reserved for Ecosystem

10% For Green Treasury

White Paper – https://www.cryptosnacks.org/white-paper/

 

 

Snack Team Tokens 

Locked for 12 Month – After 12 Months 5% of tokens are released. 

Advisors & Marketing 

Strong marketing is needed to grow the token. Adding specialist advisors to help the token enter different markets.

Rewards & Ecosystem

This allocation will be used to operate and link all of the Snack Projects running with the token.

Green Treasury

These Snacks will be used in the exchange of Carbon Credits.