I’ve seen Gen1 memecoins fall.
No matter what they do. Simply because they only depend on hype, community, pump and dump. So, as a profitable algo trader, I thought why I just don’t create a memecoin that doesn’t depend on anything, anyone. Logic was simple but hard to achieve, a memecoin that doesn’t get flatlined. It shouldn’t depend on its community, KOLs, its own developer.
As you can see below, all Gen1 memecoins shared same destiny.
To change the twisted game of memecoins, I decided to build a self-sufficient Gen2 memecoin. As you may know, serious projects start with a budget. To be used on team, marketing, costs of VMs etc. While memecoins launch with almost $0 cost.
Note: $SNC is neither of them, or maybe both.
You heard plant Terrarium experiment right? Where David Latimer put some soil, fertilizer, plant and water. Where ecosystem grewup by itself. Roughly, $SNC is crypto version of that. Its only on Sonic $S chain. Its built on $S chain because it is the best and fastest tech out there.
Income Methods :
1- $S Chain DeFi Rewards 💵 : I put some amount of money (which I totally erased and forgot from my life) to a lot of $S protocols and dApps to earn passively.
2- Bitcoin Trade Bot 🤖 : Coded a trading strategy on TradingView, connected that to Binance via API Signals. Which trades Bitcoin autonomously.
3- USA 🇺🇸 Dividend ETFs and Stocks : This method can’t be autonomous
Rewards from first 2 sources which are received will be in use to buy back & burn $SNC autonomously by wallet which ends with (…ddaa7) While 3rd option will need mechanic intervention, some part of profits from first 2 sources will be used to buy dividend ETFs & Stocks then dividends received from these will be in use to buy back and burn SNC.
You don’t need to chase KOLs, hype, cults, communities, raids or whatever you call. $SNC works for you while you spend no effort.
Currently, this mechanism is not fully autonomous and still requires a server to run, and sometimes dev intervention. However, I contacted with Rabby Wallet team. Requested a feature which they also found logical. If this feature will be deployed, then $SNC buy back & burn mechanism will be fully autonomous and independent. Even if dev gets in coma, no worries. It will work as long as $S chain is up and Bitcoin is alive.
Below you can see the mechanism behind $SNC
In situations of no buyers, no hype, no community $SNC will work for increasing its price while reducing the supply, thanks to the its self-sufficient mechanism. Do you know what that means? If we prolong this for enough time, in theory its market cap can pass all other memecoins. Mentalities:
- River cuts through rock, not because of its power but because of its persistence.
- Step by step walk thousand-mile road.
You can check out below formulas
\[\text{SNC Total Supply} - \left[\sum_{t=0}^{\text{S Chain Uptime}\left(\infty\right)} f(\text{protocol rewards} \times t) + \sum_{t=0}^{\infty} f(\text{trading profits} \times t)\right]\]I hope you understand what this formula means. Since remaining supply will always decrease, price of $SNC will go up. as you may see from below formula when we decrease remaining supply, price goes up.
\[\text{Price} = \frac{\text{Market Cap}}{\text{Remaining Supply}}\]That’s not all. Once $SNC Launches, I’ll publish $SNC Lite Assistant on TradingView for free. Trading can be most lonely job, therefore this assistant will lead you about market structure. If its ranging, trending up or trending down. Sometimes it throws phrases.
Also most importantly, it will warn you about potential whale activity or increasing volume via calls. These alone doesn’t mean buy/sell signals, however if you are able to support it with your TA, surely it will boost your trading edge and R:R. You can check below.
$SNC Lite Assistant
If it doesn’t impress you, I don’t know what else will. Indicator mostly developed for Bitcoin, fine on indices, it works on other commoditiy, forex markets as well but with less given directions and calls.
But how it detects calls ? Well it doesn’t surely detect whales since CEXs don’t share volume or order data. But there is a way to potentially catch smart money. I’ll not give TA lesson here but shortly: There are 2 traders in market. 1 passive traders who put limit order, 2 active traders who put market orders. Normal volume calculates all trades, meanwhile cumulative volume delta only calculates market orders.
Codes work as follow: higher volume than usual average + higher price volatility than usual change + candle close is green + cumulative volume delta is red vice versa
So what to understand from here? volume is high, it means a lot of trades are going on, CVD is red which means there were more market sellers than market buyer volume but then how candle close is green ??? If CVD is red but candle is green, this means big limit orders were absorbing those market sellers. Therefore, even tho market buyers had less volume, they were able to push candle to green.
We see this type of behavior when smart money catches or absorbs orders of retail traders.
Future Plans:
| Plan | Step | Process |
|---|---|---|
| Website | 1 | Done |
| SNC Mechanism Starts Burning Supply | 2 | Started |
| Dexscreener | 3 | Done |
| Gecko Terminal | 4 | Done |
| SNC Lite Assistant on TradingView | 5 | Done |
| Coingecko | 6 | In queue |
How To Buy It
1- Download Rabby Wallet
2- Put some $S in it
3- Swap for $SNC CA: 0x5384c5fd2ec53E5b1f0F12049DD148e063afcb35
4- Chill and let the SNC work for you
FAQs
1- If you are profitable algo trader why bother to earn from a coin, why you just don’t use it for yourself?
I do use a lot of different bots for myself for a lot of different markets. Just wanted make a difference. Since, I use algorithms to trade and don’t execute my trades by myself, I had plenty of free time. Decided to level up memecoins, and enjoy with $S community. As I previously mentioned about terrarium experiment. Wanted to do one and just have fun
2- What happens if your trade bot loses its trading capital? Then it no longer has profits generated to buy back & Burn SNC.
GREAT QUESTION ! Thats what I expect people to come with. When market conditions change (in volatile or too slow conditions) it may stop performing profitable for a month. Backtests for last 3 years showed that it would averagely perform with 3-4% profit per month. And maximum equity drawdown seems 6% (If would use 20x leverage it could get liquidated) However, we use 3x leverage on SNC Trade Bot, which technically means it can lose 18% of its capital in a row. Also added a safety mechanism. So, capital doesn’t decrease. If it doesn’t increase balance for the month, it will not withdraw any money via API but will let trade bot turn back to its main capital. Past performance is not guarantee of future performance, because markets always change. If it becomes unprofitable, I’ll have to optimize its strategy and should do backtests/forwardtests as well. Once I see its profitable again, I would add another capital which I erased from my life + adding capital from other rewards and investing back in self-sufficient project-meme budget. However, no worries about trade bot because it also has income from DeFi rewards on $S dApps, and soon it will have 3rd way of income.
3- If marketcap reaches to a point where buy back & burn mechanism becomes less effective?
To reach this point, there is long way to go. According to estimate calculations this would happen once it passes 3M marketcap, however I still have plan for it. If we see this mechanism effecting price less and less, 15% of profits from Income sources will be re-used to grow its capital by itself. Therefore increasing its incomes.
4- Why should I trust you?
Because, I will be totally transparent and always co-operative. Even if it reaches point where we can’t dream, instead of getting cocky I’ll stay humble and always will answer any questions in your mind. You will always be able to reach me.
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