{
  "url": "https://blockindex.ai/coin/snek",
  "name": "SNEK",
  "links": {
    "github": null,
    "website": "https://www.snek.com/",
    "whitepaper": null
  },
  "dScore": 48,
  "market": {
    "priceUsd": 0.000369236891240895,
    "marketCapUsd": 27584633.95851333,
    "volume24hUsd": 3150088.74864778,
    "priceChange7dPct": 1.368136,
    "priceChange24hPct": -3.86232114
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 76715880000,
    "circulating": 74707144960,
    "circulatingPct": 97.38159160789135
  },
  "ticker": "SNEK",
  "founder": "N/A",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:26.853797+00:00",
  "fairLaunch": false,
  "launchYear": 2023,
  "description": "SNEK is a community-first memecoin issued as a native asset on the Cardano blockchain. Framed explicitly as an entertainment and culture-driven token rather than a traditional product or investment vehicle, SNEK emphasizes viral engagement, branded community initiatives, and a lightweight ecosystem of fan-facing projects. The project’s official materials repeatedly state there is no formal team or roadmap and include conspicuous disclaimers that SNEK carries no intrinsic value or expectation of financial return. Despite this informal governance posture, SNEK has achieved measurable market traction: it is tracked on CoinMarketCap, CoinGecko, appears on several centralized exchanges and DEX trackers, and has recorded both a notable all-time low in May 2023 and an all-time high in December 2024. The token’s public presence is centered on a handful of ecosystem properties (Snek.fun, Snek Energy, Snek Figures, SNEKbot, Snekx and a Snek Ecosystem Fund) and on community channels used for outreach and culture-building.\n\nFrom a technical perspective, SNEK is not a standalone blockchain but a Cardano-native asset using Cardano’s native token standard and benefiting from Cardano’s Proof-of-Stake security model and extended UTXO accounting. There is no smart-contract address for SNEK in the sense of an ERC-20 contract; instead the token is represented by a Cardano policy ID (279c909f...). The project’s tokenomics are explicitly deflationary: the team and marketing materials describe multiple burning mechanisms designed to remove supply periodically and create buying pressure. There is no published code repository, protocol upgrade cadence, or on-chain governance mechanism tied directly to the SNEK policy in the provided materials; upgrades or technical changes depend on community action and integration with Cardano tooling rather than an internal development roadmap.\n\nIn practical terms, SNEK functions primarily as a memecoin and community brand used to onboard users into Cardano-focused experiences and to support community-created utilities and entertainment products. Its utility is therefore social and cultural rather than technical: branded websites, bots, community events, NFTs and mini-projects form the principal use cases described by the project. Market-facing liquidity and accessibility are notable strengths: SNEK is listed on multiple Tier-1 centralized exchanges and appears in DEX tracker views, enabling wide access for traders and collectors. This distribution, combined with the deflationary mechanics, explains the token’s observed price volatility and its sharp ATH/ATL moves, which are typical for memecoin dynamics and community-driven markets.\n\nTokenomics disclosures in the scraped materials show a large max supply (76,715,880,000 SNEK) and circulating-supply snapshots near 97% of the max supply in CoinMarketCap listings. The official copy and listing snapshots indicate that roughly 90% of the supply was distributed to the public and liquidity pools at launch, implying a retained or reserved portion near 10%. That distribution profile (large public allocation plus burning mechanics) is consistent with an entertainment-first memecoin and explains why the project’s economic messaging focuses on scarcity via burns rather than scheduled inflation, staking rewards, or protocol-level emissions. There is no evidence in the provided data of VC funding, a developer fund, or a formal treasury structure; the project’s public messaging instead emphasizes community ownership and decentralised social coordination.\n\nGovernance and organizational frameworks for SNEK are intentionally informal. The project repeatedly states that there is no formal team, no CEO, and no published roadmap—assertions that have both pros and cons: they reduce claims of corporate responsibility or promise, but they also complicate due diligence and the identification of accountable entities for governance, security, or legal compliance. The scraped material contains no DAO constitution, no on-chain voting mechanism, and no developer funding arrangements. Infrastructure and analytics coverage is strong, however: SNEK is found on CoinMarketCap, CoinGecko, a CoinMarketCap DEX-mode view, Chainz/Cryptoid explorers and DEX analytics tools such as DexHunter, which together provide transparent market and on-chain visibility. For users and analysts, the most important outstanding information items are a clear launch date, named maintainers or legal entities (if any), and explicit wallet-support listings outside of centralized exchange custody.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": true,
    "consensus": "PoS",
    "parentChain": "ADA"
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 9,
    "governance": 16,
    "nodeDistribution": 0,
    "initialDistribution": 18
  },
  "decentralizationVerdict": "Moderately Decentralized"
}