Updated SnapEx Roadmap, Q1, 2022
A letter from our CEO
“Buy the ticket, take the ride”
The journey a company takes is a never-ending journey of growth, refocusing, and realigning. The main lesson people glean from their foray into the entrepreneurial world is the importance of pausing, taking stock, and evaluating your performance as a whole.
Coming to the end of the first quarter of 2022, it’s as good a time as any to pause, take note, and introspect to a large degree. “Ignore the market at your peril” is the advice we give to fledgling entrepreneurs. Listen to the feedback from the market, both within your community and outside of it, and move quickly.
The question then comes — Did SnapEx achieve what it set out to achieve in Q1 of 2022?
We’ll start by looking at the positives and the negatives, before we talk about what’s coming up in Q2 of 2022.
The Positives
Buoyed by a successful IDO on December and the subsequent listing on ABCC Exchange (there will be more to come, which we’ll touch on below), SnapEx completed the first part of its mission, which was to become the world’s first CFD trading platform to have both a platform token and an ecosystem bringing together both Decentralised Finance and Centralised Exchange models together within one product suite. In doing so, the ecosystem build got underway.
Anchored by a community of 200,000 users, SnapEx saw itself in a very unique market position, one that enabled leading projects within the blockchain industry to launch third-party tokens on the SnapEx platform. Offering market access to a unique market position within a coveted geographical region, we laid the groundwork for building a framework enabling projects to gain traction on a global scale. We also became the first launchpad to launch a loyalty programme of our type, giving out trading bonuses to different tiers of SNAP Token holders, which continued our tradition of out-of-the-box thinking.
Beyond this, we enabled LP staking and SnapSwap within our DeFi portal, allowing for the provision of liquidity to the SNAP token and the ability to swap seamlessly between SNAP and USDT on the SnapEx platform, allowing for greater accessibility on the SnapEx platform revenue-positive use cases for SNAP.
On the note of accessibility, we also added a Fiat Gateway to the SnapEx ecosystem, with a Fiat pay-in channel available to SnapEx users, thanks to our partners at XanPool, allowing for USDT procurement at a low transaction fee across 11 different currencies.
We have also added 45+ trading pairs to the platform, including FTT, SXP, ICP, and many, many more. Giving users greater variety to diversity their trading strategies is one of our main prerogatives here at SnapEx, and we will continue to endeavour to make this happen.
We also announced a lot of partnerships and it’s absolutely fantastic to be supported by the likes of CFJ, Naffiti, BSC Launch, and many, many more. As we continue to roll out our new products in Q2 of 2022, you will hear much more about these partnerships.
The Negatives
If a firm wants to draw attention to its positives, it should always be willing to face the negatives — Our core belief in our business practices has always been steadfast insofar as we believe in transparency vis-à-vis sub-optimal performances within the journey.
We believe that a platform token is only as good as its use cases, and we continuously emphasised that over the course of the SNAP token fundraising — It was there to support the ecosystem development, with greater use cases to be added over the course of our platform development. The token price reflects where the ecosystem currently is, but like I wrote in a previous Twitter post, expect this to change towards the end of April and in the Summer months, where we will embark on continuous product developments and new integrations.
That brings us to, what comes next
The Road Ahead and Q2, 2022
Q2 is where we are on track to considerably scale our operations, both from a trading and a token standpoint.
Our copy trade features will be unveiled, building on our existing community-based trading model, where our core mission is to simplify the trading journey for trading novices and veterans alike erstwhile providing traders with a suitable on-ramp for getting into contract trading.
Beyond this, our tech team and project managers have factored MT4 and SnapStocks into the developmental timeline, allowing for greater possibilities within one individual platform.
From a token perspective, you can expect to see centralised staking on the SnapEx platform alongside more cross-staking partnerships which you can expect to hear about soon.
We have always prided ourselves on being an established platform, with the pendulum of innovation in full swing to bring more to our loyal community of 200,000.
If you have any questions, you can always comment on the SnapEx Global Telegram group and one of our super-helpful SnapEx members will get back to you.
Let’s make this quarter our strongest yet!
