Snek Week Newsletter
Vol. 1, Issue 1
The chillest weekly newsletter about Snek Coin
![SNEK WEEK COVER IMAGE](https://snekweek.com/wp-content/uploads/2023/07/snek-week-email-COVER.webp)
The Week in Snek
(07/23/2023 to 07/29/2023)
Welcome to the first issue of Snek Week, the chillest weekly newsletter about Snek Coin. What we’re going to do here is give you a brief day by day summary of what happened in the Snek community. Each day is going to start with a funny Snek meme, or at least one that I thought was funny, then we’ll have take a moment and be serious with some news thats related to Snek. After the news we’ll take a look at what’s going on with the Snek X (Twitter) account, followed by some words from the Snek founder Goofy (Golfy) Crisp. Then we’ll finish up the day with the all important daily price and volume of Snek and the days total amount of burnt Snek.
If you’re new to Snek, lets take a moment and get you caught on on what Snek Coin is in the first place. Sneks vision is to create a sustainable and inclusive token on the Cardano blockchain, providing a fun and rewarding experience to our community. We think it is necessary to experiment, innovate, make mistakes, adapt and use the tools available to our advantage. We believe in the power of community as being the most important factor in the success of a project. Our #1 mission will always be to keep our holders happy and entertained in the most transparent and fairest way.
Sunday… (07/23/2023)
![All Roads Lead to Snek](https://snekweek.com/wp-content/uploads/2023/07/IMG_1845.jpg)
Today in Snek…
Sunday was one of the last days of the epoch were you could vote to add Snek as a collateral asset to the LenFi platform. At the time, the vote was extremely close at YES with 2.03M or 50.01% of the vote and NO at 2.029M or 49.99%. The voting would remain close all day.
Snek on X (Twitter)
Golfy is Typing…
Good afternoon @Sneksss, Jussst completed our weekly burn with a total of 66.6m SNEK. Thisss also marks the end of our Special burn of 265m SNEK from our lassst team buy back. We completed 1x burn of 100m SNEK & 7x burns of 23.7m SNEK. Cheersss
-Discord
The Price of Snek
Price Change Since Yesterday: 3.72%
Currency | Price | 24h Volume |
Cardano | $0.0019 | $1,410,122 |
Dollars | $0.000375 | $401,434 |
Euros | $0.000338 | $361,435 |
Total Snek Burned: 700,511,663
Monday… (07/24/2023)
![](https://snekweek.com/wp-content/uploads/2023/07/Images_Snek_Memes_Fw7yQ91aEAAYI2q.jpg)
Today in Snek…
On Monday the vote for Snek being added to the LenFi platform continued. Monday was also the end of the epoch so we would find out if Snek was a winner or not that afternoon. The vote would end with Snek losing by a vote of YES with 2.181M or 48.47% and NO with 2.318M or 51.53% of the vote.
Snek on X (Twitter)
There were no significant post on X (Twitter) on Monday.
Golfy is Typing…
Here are my thoughts for the votes – a few large bags are swinging back and forth. If you think about who could benefit from that it’s pretty clear : Snek price. They cannot short Snek easily. Hence they can make money if they buy low and sell higher. One way to do it is creating sell pressure on Snek + making Snek lose in votes. Once they bought enough Snek at a low price, they will switch votes to make Snek win and pump it. If there is manipulation, imo the most probable outcome is Snek ending winning the vote and pump. ——– We will come back stronger from this as we always do. Using Snek as collateral for loans would have been cool but Lenfi is not the only platform to do it. We have other options and we will be reviewing them in the next days. π
On the positive side, I think we informed A LOT of people about what SNEK is in the last days and I think we have the support from the majority of people on Cardano. All that communication effort we did, me, @Rami and the whole team will not be unnoticed. π―
Still lots of things coming soon for us (snek energy, raffle, game, changenow and more). Keep your heads up! πͺπΌ
I’m so happy we won – Lenfi is the greatest lending/borrowing product on Cardano and we can’t wait to show its power to our community
-Discord
The Price of Snek
Price Change Since Yesterday: -18.84%
Currency | Price | 24h Volume |
Cardano | 0.000992 | $5,358,305 |
Dollars | 0.000304 | $1,644,094 |
Euros | $0.000273 | $1,483,170 |
Total Snek Burned: 700,511,732
Tuesday… (07/25/2023)
![](https://snekweek.com/wp-content/uploads/2023/07/Images_Snek_Memes_Fx3LnG4WwAIZ81G.jpeg)
Today in Snek…
After a disappointing Monday with the loss in the LenFi vote, we get some good news. It turns out there was some last minute voting that changed the outcome of the poll and Snek had made a comeback to win. Snek won the vote with a total of YES at 2.279M or 50.66% of the vote.
Snek on X (Twitter)
Golfy is Typing…
I’m so happy we won – Lenfi is the greatest lending/borrowing product on Cardano and we can’t wait to show its power to our community
-Discord
The Price of Snek
Price Change Since Yesterday: 18.09%
Currency | Price | 24h Volume |
Cardano | $0.001170 | $4,478,551 |
Dollars | $0.000358 | $1,368,162 |
Euros | $0.000324 | $1,240,294 |
Total Snek Burned: 700,511,801
Wednesday… (07/26/2023)
![](https://snekweek.com/wp-content/uploads/2023/07/Images_Snek_Memes_FzF6VXfXsAIOL_b.jpeg)
Today in Snek…
The talk of the town on Wednesday was mostly about the Federal Reserves interest rate hike and how it was going to effect the crypto markets in general.
Snek on X (Twitter)
There were no significant post on X (Twitter) on Wednesday.
Golfy is Typing…
Golfy didn’t have anything to say today.
The Price of Snek
Price Change Since Yesterday: -8.35%
Currency | Price | 24h Volume |
Cardano | 0.00108 | $1,163,926 |
Dollars | $0.000327 | $343,328 |
Euros | $0.000295 | $310,531 |
Total Snek Burned: 700,522,008
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Thursday… (07/27/2023)
Today in Snek…
Thursday was a slow day. Not much happened. The interest in using Snek as collateral on LenFi is starting to increase, tomorrow will be the first day Snek will join LenFi as a collateral asset and be available for use.
Snek on X (Twitter)
Golfy is Typing…
Only 5 wallets now own more than 1b SNEK. Reducing the number of whales and increasing distribution/decentralization of our token is really important, even more important for a memecoin
-Discord
The Price of Snek
Price Change Since Yesterday: -2.06%
Currency | Price | 24h Volume |
Cardano | $0.00103 | $996,315 |
Dollars | $0.000322 | $309,090 |
Euros | $0.000289 | $259,159 |
Total Snek Burned: 700,523,008
Friday… (07/28/2023)
![](https://snekweek.com/wp-content/uploads/2023/07/IMG_7447.jpg)
Today in Snek…
Today Snek is available as a collateral asset on LenFi. You can now use your Snek to borrow other coins. If you’re intertested in getting a loan using your Snek as collateral, visit LenFi today. Check out this video to learn more about how to submit a loan request using your Snek.
Snek on X (Twitter)
There were no significant post on X (Twitter) on Friday.
Golfy is Typing…
Please be careful here π¨ @Sneksss
In my opinion, people should not take ADA loans using $SNEK as collateral with an Health factor under 1.8-2.0. Unless you know exactly what you are doing, you are too exposed to volatility and liquidation π
Always have HEALTH FACTOR ABOVE 1.80 (2.0 if you are new to this) π€
-Discord
The Price of Snek
Price Change Since Yesterday: -2.04%
Currency | Price | 24h Volume |
Cardano | $.00101 | $1,731,287 |
Dollars | $0.000314 | $538,253 |
Euros | $0.000285 | $489,115 |
Total Snek Burned: 700,523,008
Saturday… (07/29/2023)
![](https://snekweek.com/wp-content/uploads/2023/07/IMG_0046.jpg)
Today in Snek…
Today the Snek team announced a new burn mechanism. The Snek team decided to withdraw 15% of their Minswap LP tokens to start a new service exclusive to $SNEK holders. The team will convert the LP to $ADA and use that $ADA to approve and fund loans with $SNEK collateral on LenFi.
Snek on X (Twitter)
Golfy is Typing…
So far we funded loans for a total value of 150k ADA. That’s 655k ADA value in locked collateral (~600m SNEK) π
-Discord
The Price of Snek
Price Change Since Yesterday: 3.22%
Currency | Price | 24h Volume |
Cardano | $0.00106 | $2,126,821 |
Dollars | $0.000330 | $659,654 |
Euros | $0.000299 | $598,721 |
Total Snek Burned: 700,523,077
Things to do..
If you’re looking for something fun and Snek related to do, then check out Fidgetybeasts X (Twitter) spaces. They happen pretty consistently about every other day.
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The Snek Logo may or may not be a Trademark of the official Snek Team and its corporate overlords, but we acknowledge that possibility and respect it along with their copyright to the name βSnek Coinβ. Snek Week, the website and its newsletter, are not official products of the Snek Team but are provided as a community service by a 3rd party. Fifty Percent of any proceeds generated from advertising in the Snek Week Newsletter will be used to buy and burn Snek Coin.