Crypto Snack is a newly launched blockchain asset project built on top of the Binance Smart Chain. This project aims to become the de-facto token in the multi-billion dollar i-gaming industry through safe, fast, and low-cost transactions.
In this market insight, we explore the Crypto Snack project in terms of what it offers and what solutions it provides. We also explain how to buy Crypto Snack tokens in under five minutes from the comfort of home.
How to Buy Crypto Snack – Quick Steps
For a quick overview of how to buy Crypto Snack (SNACK) tokens, follow the step-by-step walkthrough below:
- ✅ Step 1: Open XT.com Account – The easiest crypto exchange to buy Crypto Snack tokens is XT.com. As such, the first step is to visit the XT.com website and open an account.
- 💳 Step 2: Make a Deposit – XT.com supports crypto and fiat money deposits. Regarding the former, the platform accepts debit/credit card payments via MoonPay. Fiat money payments require the user to upload some ID.
- 🔎 Step 3: Search for SNACK – On the XT.com exchange, Crypto Snack trades against USDT. To find the relevant market, search for ‘SNACK’ and click on the ‘SNACK/USDT’ button once it appears.
- 🛒 Step 4: Buy SNACK – Enter the number of USDT tokens to swap for SNACK in the relevant field. Confirm the order and XT.com will complete the exchange in real-time.
A more comprehensive explanation of how to buy Crypto Snack tokens can be found further down in this guide.
What is Crypto Snack? Overview
Crypto Snack is a newly launched cryptocurrency project built on top of the Binance Smart Chain. As such, its SNACK token follows the BEP-20 standard. The overarching concept of the Crypto Snack project is that it aims to become the global standard for i-gaming transactions.
This refers to transactions made at online casinos and sportsbooks. In its current form, i-gaming transactions can be both cumbersome and slow. The reason for this is that there is often a drawn-out KYC process that requires the user to upload countless verification documents.
Once the KYC process is complete, users will then often need to wait several days for the deposit to arrive in their newly created i-gaming account. In comparison, as Crypto Snack is a BEP-20 token, transactions can be completed in a burden-free manner in a matter of seconds.
Furthermore, i-gaming transactions conducted with the Crypto Snack token are typically super-cheap in terms of fees. There is also more transparency when compared to legacy payment systems, as Crypto Snack transactions are blockchain-based. In addition to operating as the de-facto i-gaming token, Crypto Snack is partnered with CoinsPaid.
This is with the view of bridging the gap between the real and virtual worlds. Put simply, Crypto Snack is just one of 31 tokens listed on CoinsPaid and they will enable i-gaming players to select SNACK as their preferred payment method.
Crypto Snack is also in ongoing discussions with a variety of challenger banks to enable users to spend their SNACK tokens online and in-store – just like a traditional currency. Crypto Snack also has environmental ambitions, with 10% of tokens locked in its ‘green treasury’. This token allocation will be used to spearhead a wide variety of projects that aim to save the world.
|Fully-Diluted Market Cap (as of writing)||$70 million|
|Total Supply||10 billion|
A Closer Look at the Crypto Snack Project
Now that we have covered the basics, this section will take a much closer look at the Crypto Snack project.
As noted above, the underlying digital asset backing the Crypto Snack ecosystem is SNACK – a BEP-20 token operating on the Binance Smart Chain.
The total supply of SNACK is 10 billion tokens. With that said, the team behind the project notes that an allocation of SNACK tokens has been locked for 10 years, with 10% being released each year.
This is with the view of ensuring that the Crypto Snack project remains sustainable in the long term. At this moment in time, SNACK is listed on XT.com and PancakeSwap.
Much of the Crypto Snack ecosystem will focus on the i-gaming industry. The objectives here at two-fold.
First, Crypto Snack aims to become the native digital asset for online casino and sportsbook players. The team behind Crypto Snack argues that SNACK is ideal for this purpose, as transactions are both fast and cheap.
Second, Crypto Snack will also be launching its own online crypto casino. Naturally, SNACK will be the proprietary digital currency backing the Crypto Snack gaming suite. This will give SNACK tokens a solid use case.
The partnership between Crypto Snack and CoinsPaid is highly advantageous for the project. The reason for this is that CoinsPaid is also supported by over 300 online casinos and sportsbooks.
This means that players at any one of these 300+i-gaming platforms can use SNACK tokens as a means to deposit and withdraw funds. Furthermore, and perhaps most pertinently, Crypto Snack is just one of 31 tokens supported by CoinsPaid.
Football Club Partnerships
One of the key methods that Crypto Snack will take to market its project on a global scale is by partnering with the football world. This project has already secured a partnership with RCD Espanyol de Barcelona – a football club playing in the Spanish top flight – La Liga. Although this is a highly notable partnership to secure, Crypto Snack aims to form many other deals with leading football clubs around the world.
Green Snack is the environmentally-focused arm of the Crypto Snack ecosystem. As the name suggests, the project aims to make a real difference to the planet through green initiatives.
Crypto Snack will achieve this goal through its green treasury, which will burn SNACK tokens for each token of carbon that the project offsets.
Each and every carbon offset will be transparently registered on the Binance Smart Chain for verification. Further down the line, Crypto Snack will also release its own green paper that will set forth its long-term ambitions – with a strong focus on creating its own carbon registry.
Upcoming Roadmap Targets
In this section, we will explore what upcoming roadmap targets the Crypto Snack project will be working towards.
- Get listing approval of the SNACK token on at least two high-quality exchanges
- Develop educational content surrounding the Crypto Snack ecosystem
- Continue developing the underlying blockchain technology supporting
- Crypto Snack Launch the carbon credit purchasing program
- Launch blockchain technology concepts surrounding the Crypto Snack project
- Launch Crypto Snack branded gaming titles
- Increase the number of i-gaming platforms utilizing SNACK tokens
- Form additional partnerships with globally recognized football clubs
- Launch a Crypto Snack ambassador program
Reasons to Buy Crypto Snack
Crypto Snack operates in a crowded marketplace, with thousands of digital currencies now available to buy and trade online. Therefore, investors might consider the benefits below when considering whether or not to buy SNACK tokens.
Global i-Gaming Sector Continues to Rise
The global i-gaming space is a multi-billion dollar sector that continues to grow year over year. Crypto Snack aims to become a major player in this marketplace through its SNACK token infrastructure.
Casino and sports betting players around the world will, therefore, have the opportunity to deposit and withdraw funds with SNACK tokens in a fast and low-cost nature.
According to CoinMarketCap, as of writing, Crypto Snack carries a fully diluted market capitalization of just $70 million. When compared to other leading projects in the blockchain asset space, this is minute.
The reason for this is that the SNACK token was launched as recently as March 2022 – so investors have the opportunity to get in on the action while this project is still in its infancy.
Moreover, the launch period of SNACK was initiated in the midst of a bear market. Therefore, the true upside potential of this project is being somewhat hindered by the broader bearish cycle that has been present since the turn of 2022.
This offers investors the opportunity to accumulate SNACK tokens while the price remains attractively low.
Low Entry Price
Another reason why Crypto Snack might appear attractive to long-term investors is that the value of its token is considered low. For instance, as of writing, 1 SNACK token is trading for just $0.007.
This means that by investing just $200, investors will accumulate more than 28,000 SNACK tokens.
Crypto Snack Price
According to data extracted from CoinMarketCap, SNACK was trading at $0.018 in March 2022. Two months later, SNACK hit an all-time high of $0.039. This represents growth of over 115%.
Since then, SNACK has declined to the $0.007 level, which is where the token is trading at the time of writing. Historical price action on this token should, however, be taken with a pinch of salt.
Not only has Crypto Snack been trading for less than six months, but the broader industry is firmly in a bear market.
Crypto Snack Price Prediction
Crypto Snack is a brand new token that, since its inception, has traded only in a broad bear market. Therefore, attempting to perform a short-term price analysis of this token would not offer any value.
With that said, the long-term outlook of Crypto Snack might appeal to value investors that are for small-cap gems. As noted earlier, the fully diluted market capitalization of this project is just $70 million as of writing.
Where to Buy Crypto Snack?
Crypto Snack is listed on two altcoin exchanges at this moment in time – XT.com and PancakeSwap.
To decide on the best place to buy SNACK tokens, consider the following reviews:
1. XT.com – Centralized Exchange That Supports Debit/Credit Cards
XT.com is perhaps the easiest option when it comes to buying Crypto Snack. The reason for this is that XT.com is a centralized crypto exchange that supports fiat currency payments. After opening an account with this provider and uploading some ID, investors can choose their preferred third-party provider.
Options here include Simplex, Moonpay, Banxa, and others. Supported payment methods include debit/credit cards and an assortment of e-wallets, such as Apple and Google Pay. When setting up the deposit, it is wise to choose Tether (USDT) as the receiving crypto asset, as this is the token that is paired with SNACK on the XT.com exchange.
Once USDT has been purchased, it’s then just a case of searching for the USDT/SNACK market and completing the exchange. When it comes to fees, XT.com fiat deposits will depend on the third-party processor, albeit, this typically averages 3-5%. Trading fees are very competitive, starting at just 0.2% per slide.
XT.com supports over 70+digital assets, which includes some of the best penny cryptocurrencies like SNACK.
Benefits of Buying SNACK on XT.com
2. PancakeSwap – Decentralized Exchange With Low-Cost Access to SNACK
Another way to buy Crypto Snack tokens is via the leading decentralized exchange PancakeSwap. As a DEX, PancakeSwap does not handle fiat currency payments. Instead, investors only need to link their crypto wallet to PancakeSwap to gain access to SNACK and thousands of other tokens.
There is no requirement to open an account with PancakeSwap nor upload any documents. On this exchange, SNACK trades across three pairs. This enables investors to obtain SNACK in exchange for USDT, BUSD, and WBNB. There is no minimum trade requirement and fees are super low.
PancakewSwap can be accessed directly within the Trust Wallet application for smartphones. Alternatively, those wishing to buy Crypto Snack through a desktop device can do so via a WalletConnect QR code. Either way, after buying SNACK on PancakeSwap, the tokens will automatically be added to the user’s wallet.
Benefits of Buying SNACK on PancakeSwap
How to Buy Crypto Snack - Full Step-by-Step Tutorial
Investors looking to buy Crypto Snack tokens today can refer to the step-by-step walkthrough outlined below.
We explain how to complete the process with XT.com - which supports fiat currency payments.
Step 1: Open an Account With XT.com
The first step is to register an account with XT.com. This can be achieved by clicking on the 'Sign Up' button and selecting the country of residence.
Next, enter an email address and choose a strong password.
Step 2: KYC Process
Generally, those wishing to deposit funds with a crypto token do not need to complete the KYC process at XT.com. Instead, the process is only required by those wishing to deposit money with fiat currency.
To complete the KYC process, XT.com will need to collect some personal information. This includes a full name, date of birth, and nationality.
XT.com will also need to collect some documentation. This needs to be done via a camera-supported device - such as a desktop laptop with a webcam or a smartphone.
XT.com will then ask the user to hold a government-issued ID up to the camera. Next, to complete the verification process, XT.com will take a photo of the user's face.
Step 3: Deposit Funds
After the KYC process has been completed, it is then time to make a deposit. Those wishing to deposit funds via crypto can do so by transferring their chosen token into XT.com.
Those wishing to deposit funds via fiat money will need to choose their preferred third-party processor - such as Moonpay or Simplex. Then, select the payment method (e.g. debit/credit card) and complete the deposit.
Note: When using fiat money to deposit funds, XT.com requires users to buy cryptocurrency. As SNACK traders against Tether, it's best to choose USDT as the receiving crypto asset.
Step 4: Search for SNACK/USDT
As noted above, Crypto Snack trades against Tether. Therefore, the next step is to search for SNACK/USDT.
Once the SNACK/USDT market loads, click it.
Step 5: Buy Crypto Snack
The final part of the process is to create an order on the XT.com exchange. Newbies might find this somewhat intimidating, so we would suggest opting for a market order. This will enable beginners to buy Crypto Snack at the next best available price.
Beneath the pricing chart and to the right-hand side, click on the button marked 'Market Trade'. Then, the investor will need to type in the number of USDT tokens that they wish to swap for SNACK.
After confirming the trade, XT.com will exchange the USDT tokens for SNACK at the best available price. The exchange should be executed in a matter of seconds and thus - the SNACK tokens should now appear in the user's XT.com wallet.
In summary, Crypto Snack has bold but highly achievable ambitions. In the long term, this project aims to become the primary digital currency for the global i-gaming sector through fast and cheap transactions.
Bearing in mind that the SNACK token is just six months young, investors have the opportunity to buy into this project at a favorable entry price.
The fastest and most convenient way to buy SNACK is at XT.com - which supports debit/credit cards and e-wallets.
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