Input | Output and $SNEK forge a strategic collaboration to advance the Cardano Ecosystem
Input | Output (IO), a blockchain infrastructure and research firm dedicated to advancing the Cardano ecosystem, has forged a strategic collaboration with $SNEK, the leading token by market capitalization on Cardano, after ADA.
Input | Output (IO), a blockchain infrastructure and research firm dedicated to advancing the Cardano ecosystem, has forged a strategic collaboration with $SNEK, the leading token by market capitalization on Cardano, after ADA.
$SNEK, launched in April 2023, is backed by a vibrant and highly engaged community and has no initial token allocations to the development team or venture capitalists.
$SNEK has achieved a series of impressive milestones, underscoring its growth and community support. With over 1.8 billion ADA in total trading volume, $SNEK now accounts for 16% of all-time trading activity on Cardano, making it both the most traded token on the network and the largest by market capitalization after ADA, Cardano’s native token. The project has attracted more than 40,000 holders and boasts integrations with over 60 decentralized applications (dApps). Globally, $SNEK has secured a spot among the top 15 memecoins by market capitalization and has built a vibrant community with more than 80,000 followers across its social media platforms.
As an illustration of its community support, $SNEK’s recent Kraken listing announcement reached 555,000+ views and 800+ retweets, demonstrating the brand’s strength in elevating Cardano’s visibility.
$SNEK’s initiatives, which include Snek.fun (a token launchpad that is responsible for up to 30% of Cardano’s trading activity) and Snek.energy (a branded consumer product that has generated over $500,000 USD in sales to date), reflect its success in engaging the Cardano community.
Charles Hoskinson, CEO of IO, stated: “Snek’s community-driven approach aligns with IO’s mission to foster such innovations on Cardano. This collaboration supports our shared goal of enhancing the ecosystem.”
$SNEK’s community has become a driving force within Cardano and beyond.
Goofycrisp, core contributor at $SNEK, added: "This strategic collaboration with IO validates our work and vision. It provides us with the resources and support to take $SNEK to another level, while continuing to drive innovation within the Cardano community."
This collaboration reflects IO’s broader commitment to working with projects that contribute to Cardano’s decentralized network. IO remains focused on building scalable, secure infrastructure while supporting community initiatives that align with Cardano’s objectives.
*Disclaimer: This announcement is not an offer to buy or sell crypto assets or securities. $SNEK and other crypto assets are subject to high market, regulatory and operational risks, and their value may fluctuate significantly. Historical metrics, such as trading volume or community engagement, reflect past activity only and are not indicative of future performance. Any forward-looking statements are subject to significant uncertainties and risks. IO’s collaboration with $SNEK is focused on advancing the Cardano ecosystem and does not constitute an endorsement of $SNEK’s value, performance or future prospects. Individuals should conduct their own research before engaging with any crypto asset. $SNEK is intended for entertainment, social interaction, and cultural purposes, and therefore: (i) purchasers should not expect to profit or generate a return through receipt or ownership of $SNEK; (ii) no one intends to exert any efforts or provide any assistance in bringing about a profit or return for holders of $SNEK; (iii) $SNEK may have limited use or functionality; and (iv) purchasers may lose all of the money used to purchase $SNEK.*
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