❓FAQS
What is Snowfall?
Snowfall protocol is a multi-chain interoperability protocol that facilitates secure asset transfer and cross-chain transactions between blockchains. Our bridge is designed to generalise cross-chain communication and optimise the security model between asset transfers.
What is SNW?
SNW is the governance token which supports the Snowfall Protocol. The total supply of SNW is 1,000,000,000 and 30% are up for sale during the presale. SNW gives you governance rights in the Snowfall DAO where holders have a right to vote on future proposals. SNW also acts as a utility token and gives users fees off of any snowfall bridges plus entrances to weekly / monthly raffles.
What is SNW?
Snowfall is actively developing a token called SNW. There will be 1,000,000,000 tokens available for pre-sale at a price of $0.005 for each Snow coin. Everyone who is interested is welcome to participate in the pre-sale of tokens. In phase one of the presale, 100,000,000 tokens will be available for purchase at a cost of $0.005. Tokens will be purchased at a rate of $0.025 during the second round of the presale. The last (third) stage of the presale will have a rate of $0.075. It should be emphasized that the rates will fluctuate as the trend in customer purchasing behavior will determine the ultimate price of the token.
How can I join the SNW presale?
Users can sign up and deposit in exchange for SNW tokens during our presale. You can access this via our dashboard and purchase with many cryptocurrencies such as ETH, BTC, USDT, BNB and many more! Join here!
What is Snowfalls mission?
Our mission is to provide a simple and secure way for users to participate in the de-fi and cryptocurrency ecosystem. By facilitating cross-chain communication, snowfall protocol will make it easier for users to access a variety of different protocols and platforms. In doing so, we hope to contribute to the growth of the cryptocurrency ecosystem and promote the adoption of blockchain technology.
How does Snowfall work?
Let’s imagine that you have 1000 USDT on Ethereum but you want to yield farm through a de-fi protocol on Binance Smart Chain (BSC). Since they are different blockchains, you are unable to move your USDT directly from Ethereum to BSC. To do this, you would need to go through a third-party platform that supports both chains. This is where snowfall protocol comes in. Snowfall is a multi-chain interoperability protocol that facilitates secure asset transfer and cross-chain transactions between blockchains. As a user, you would now be able to farm USDT on the BSC blockchain as asset transfer is one of the key benefits of Snowfall. The mission of Snowfall doesn’t just end at the disruption of ERC-20 transfers. Through a custodial bridge, anyone will be able to transfer their favourite NFTs between different blockchains. In the centralised world, this is the equivalent of Xbox users playing alongside PlayStation & Nintendo all under one umbrella.
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