Weekly update April 15-April 22

Intense developments have taken place over the course of the last week at SnapEx, and we are delighted to share a retrospective with you guys on how developments have been and some of what’s coming up!

First and foremost, we launched the single staking feature of SnapEx, following from our LP staking, which launched in February 2022, giving users the ability to do more with their SNAP tokens than before. You can find more information about that here.

Next, we announced the IDO date for Creo Engine on SnapEx, capping this off by opening the whitelist to the SnapEx community. We will be hosting an AMA session on the SnapEx global group at 9pm this evening (Singapore Time) with Javier Tan, Founder and CEO of Creo Engine. To join, simply pop into the SnapEx community here.

We also made some major platform adjustments on the trading side, revising the trading fees at 0.1% (charged at the opening of the order), added 150x leverage on BTC and ETH pairs, all while the stop-loss percentages were adjusted to up to 99%.

Finally, we unlocked Tier-4 of the SNAP token unlock, achieving $252,382,536.64 and through a combination of SnapEx and SNAP Ventures, we burned a total of 1,451,398.73 SNAP Tokens.

In the coming weeks, you can expect to hear more about the platform updates that are coming up as well as an audit report from our partners, Hacken.

Watch this space!