Mohammedia – As the presale of SNORT, the native token that powers the Snorter Bot trading platform, gets closer to its final phase, more and more investors are paying notice. Snorter Bot is an automatic trading assistant that works with Telegram and is built on the Solana blockchain.
It enables users to track wallets, copy trades, and place quick token orders. The team behind the project claims they want to make advanced crypto-trading tools easier for retail users to use while also delivering minimal transaction costs and token-based rewards.
Both small investors and larger holders who purchased in during the early rounds have taken part in SNORT’s presale. News reports on cryptocurrencies, such as CoinCentral and Brave New Coin, say that the presale went above the $5 million mark this week.
The raised funds are part of the project’s plan to secure liquidity for exchange listings and more product development. The presale phase is entering its final stretch, with just six days remaining before the token price is adjusted for public trading.
The project’s website states that SNORT tokens are now selling at approximately $0.108 each. This is the last chance to buy the token at its fixed presale pricing before the market sets its listing price.
Final countdown to the listing
The total supply of SNORT tokens is capped at 500 million, with roughly 300 million allocated for presale distribution. Buyers can participate using a number of major cryptocurrencies, such as Ethereum, Solana, Binance Coin, USDT, and USDC.
In certain regions, participants can even pay directly with a card. The presale procedure is set up in tiers, with each round raising the price of the token a little bit as demand develops.
Security is still an important aspect of the launch. Two blockchain security companies, SolidProof and Coinsult, conducted independent audits of SNORT’s smart contracts.
These reviews are aimed to make sure that the funds are secure and that there are not any major vulnerabilities in the contract code. The audits were made public before the presale started, contributing to growing investor confidence.
The SNORT token powers the Snorter Bot platform, which operates within Telegram – the messaging app of choice by the crypto communities. It offers automatic buying tools and copy-trading features that enable users to mimic the successful techniques of other traders.
The platform also has a token-tracking system that helps keep users from getting involved with projects that might be scams or “rug pulls,” which is a prevalent concern in decentralized markets.
Holders of SNORT will gain access to use the bot’s trading services at a lower cost, with transaction fees reduced to as low as 0.85% of the normal rate.
Users can also bet their tokens to get prizes, and early estimates say that the annual percentage yields (APY) might be as high as 100% during the first reward rounds. These returns could change, but they are an important aspect of the project’s incentive structure for active community members.
The developers have indicated that after the presale concludes, there will be a token generation event (TGE), followed by listings on several decentralized and centralized exchanges.
The team hasn’t announced the precise launch partners yet, but they plan to expand the software’s compatibility to multiple blockchains – such as Ethereum and BNB Chain – soon after it goes live on Solana.
The SNORT presale is one of the most successful fundraising events for Solana-based projects this month, with only six days left until the listing price goes into effect.
The combination of Telegram integration, security audits, and strong early demand positions the project for an active market debut once its public trading opens.
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