SNIPP Token

SNIPP is a Solana-based token (SPL Token-2022) used for transactions on the Snippbot Singularity Marketplace. It provides a fast, low-fee alternative to traditional payments for purchasing packages, funding bounties, and earning rewards.

Caution

SNIPP is currently on Solana devnet for the alpha release. Devnet tokens have no monetary value. Mainnet deployment will follow in a future release.

What SNIPP Is Used For

• Package purchases: Buy marketplace packages with SNIPP instead of USD
• Bounty funding: Lock SNIPP in escrow for bounties
• Work claims: Earn SNIPP by completing bounties and contributing to the ecosystem
• Staking: Stake SNIPP for ecosystem participation (coming soon)

Setting Up Your Wallet

1. Install Phantom — download Phantom wallet for your browser (supports Chrome, Firefox, Brave, and Edge)

2. Switch to Devnet — open Phantom → Settings → Developer Settings → enable Testnet Mode → select Solana Devnet

3. Get Devnet SOL — you need a small amount of SOL for transaction fees. Visit the Solana Faucet, paste your wallet address, and request an airdrop

4. Link your wallet — open the Snippbot marketplace, go to Settings → Payments → Link Wallet, click Connect Wallet, and approve in Phantom

5. Sign the verification message — this links your wallet to your marketplace account

Buying Packages with SNIPP

1. Browse the marketplace and find a paid package

2. Click “Buy with SNIPP” on the package detail page

3. Confirm the transaction amount in the dialog

4. Sign the Solana transaction in Phantom

5. Wait for on-chain confirmation (~2 seconds) — your license key is generated automatically

Bounty Escrow

When creating a bounty with SNIPP:

1. Create — set the bounty amount in SNIPP tokens

2. Lock — sign a Solana transaction to lock SNIPP in an on-chain escrow

3. Complete — when the work is done, release the escrow (sign another transaction)

4. Dispute (if needed) — disputes can be resolved with split payouts

A 1% protocol fee is applied on release. A small rent deposit (~0.005 SOL) is required and refunded when the escrow closes.

Token Details

Property	Value
Name	SNIPP
Blockchain	Solana
Standard	SPL Token-2022
Decimals	9
Total supply	24,000,000 (fixed, deflationary)
Mint authority	Revoked (cannot mint more)