We are so happy to announce that PIA to SNAC exchanage feature has been added. Now you can exchange your PIA coins to SNAC tokens using both the website and the SNAC app.
Why Convert to SNAC Tokens?
SNAC token is the local currency used within the SNAC social media that you get while creating and curating content. But you can use these tokens for various purposes: Buy Cofee and even buy various items on the SNAC Market.
How to convert PIA coins > SNAC Tokens?
There are two ways to convert PIA coins to SNAC tokens on the app.
- Go to your profile and click the “EXCHANGE” button on top of the screen.
2. Go to your profile, click My Wallet (top right) > Exchange
Next, enter the amount of PIA that you want to convert to and confirm your password.
Important things to note:
- PIA:SNAC = 1:20 (1 PIA = 20 SNAC)
(the exchange rate can vary from time to time) - Once the exchange request has been made, it can not be canceled.
- The minimum amount of SNAC that can be exchanged to is 10,000
- Exchange fee = 1000 SNAC
- Exchange price is based on the consensus of BP and may differ from the crypto-exchange rate.
- All the exchange requests made before 23:59 PM will be processed by 12:00 PM on the next day
In future, very soon we will announce the SNAC > PIA exchange too, so stay tuned.
Meanwhile don’t forget to check out this article about “Cafe de SNAC” where you can buy coffee using SNAC tokens.
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