Frequently Asked questions and answers, collected by the community moderators
What are the benefits of OG roles?
OG roles on Discord get automatic whitelist access to Snark's private sale and priority access to Snark's public sale.
Additional benefits of OGs that invest in the Snark private sale include:
Super OG Role Badge (not offered anywhere)
A Private channel inside the Snark discord server where they can get exclusive access to more benefits within the Snark ecosystem (partner seed rounds, private rounds, alphas, airdrops, etc.)
Bonus Snark tokens that will be airdropped (vested)
Benefits of Snark token holders
Holders of Snark tokens get special access to the Snark ecosystem such as higher rewards on staking, more insurance, voting rights, and future features not available to the public.
The most important benefit of holding the snark token is the early access investors have to other new crypto projects that are looking to launch soon.
These early-stage crypto projects usually offer their token price to Snark investors at a much lower valuation than the listing price as there is some risk involved when investing in a token that has not launched yet.
You can the Tiered System V1(Old)which explains what you get for a certain amount of tokens you hold.
Simply put: the more Snark tokens you own, the more exclusivity you have.
When will the Public IDO Sale happen?
The public IDO will happen April 14, 1 PM UTC
Why is the Private sale so soon, why did the roadmap change?
The token sale was initially scheduled for May 2023, but due to some recent fake tokens and scams of Snark going around, the team did not want to wait longer for the Snark brand to be tarnished because of scammers taking advantage of Snark's marketing campaigns.
The Snark staff also experienced a surge of demand over the last few days about investors wanting a much earlier sale & launch.
This is us listening to the community.
Is KYC needed to participate in the Snark private sale?
No, KYC is not needed for the Private sale as only OGs (whitelisted wallets) are allowed to contribute in the private sale.
What is the difference between the Private Sale and Public Sale?
The Private Sale means you get a lower price to purchasing the tokens, except the tokens are not launched yet. Only users who are whitelisted (Discord Roles) can participate in the private sale. Investors of private sales also get access to a special airdrop pool.
In the Public Sale, everyone can invest and it's a first come first serve. The price at public sale is also very close to the listing price on exchanges/dex when the tokens launch. The token listing is usually very near the time of the public sale.
How does Snark Launch perform Due Diligence on projects?
Perform KYC (ID & Official Docs)
Initial call with at least 3 members of the core team
