The current price of Sport and Leisure (SNL) is $ 0.11305700. Over the last 24 hours, the value of SNL has increased, showing a change of +0.00%. It is important to keep in mind that cryptocurrency prices are highly volatile and can fluctuate widely within short periods.
Sport and Leisure (SNL) is a cryptocurrency that aims to act as a bridge between the traditional sport and leisure industries and the burgeoning digital economy. The crypto industry is known for its ease of entry but has earned a reputation for the complexity and risk associated with exiting the market. SNL TOKEN seeks to solve this by creating a stable cryptocurrency that's less volatile than typical digital assets while being reliable for everyday use in real-world transactions.
Sport and Leisure addresses market stability by pegging its change rate to Ethereum, claiming to fix this rate at 18181 SNL for each ETH as the minimum value of their token. This mechanism is designed to combat the problems associated with other asset-backed coins by providing a more stable alternative that encourages global adoption without the typical risks.
The information on the creators of Sport and Leisure is not specified here. However, it is often the case that a team of developers, strategists, and industry experts come together to create a cryptocurrency with a specific purpose, as with SNL TOKEN. They identified a gap within the market where traditional finance meets cryptocurrency and sought to address it.
Sport and Leisure is built on blockchain technology, which underlies most cryptocurrencies. The specific technical details regarding the blockchain and its consensus mechanism in the case of SNL TOKEN are not provided in the basic info. The distinctive feature outlined, however, is its stable value proposition backed by Ethereum, aiming to maintain a minimum value ratio, which is unique compared to other cryptocurrencies.
SNL TOKEN distinguishes itself from Tether (USDT) and other similar stablecoins by providing a fixed exchange rate backed by Ethereum rather than being tethered to a fiat currency like the US dollar. Sport and Leisure claims this fixed rate provides a more reliable and stable cryptocurrency that addresses some of the flaws found in other asset-backed coins.
As of this writing, Sport and Leisure (SNL) has a market capitalization of $ 27.7M, ranking it at number #622 among all cryptocurrencies. Market capitalization is a crucial metric, as it represents the total market value of a cryptocurrency's circulating supply.
There are currently 244.7M SNL tokens in circulation. The total supply of SNL TOKENS is 963.3M, indicating the number of tokens that have been mined or released into the market out of the total number that can ever exist.
Sport and Leisure aims to provide a solid connection with the real economy, especially within the digital sport and leisure industries. It could potentially be used for online betting, purchasing sports-related goods and services, and facilitating transactions for leisure activities with the intent of reducing the associated costs, risks, and difficulties of traditional cryptocurrencies.
SNL TOKEN can be bought on various CREX24, STEX where it is currently listed. Prospective buyers should always perform due diligence and consider the risks involved when dealing with cryptocurrencies.
To safely store your Sport and Leisure tokens, it's recommended to use a wallet that supports SNL. There are different types of wallets available, including hardware wallets, software wallets, and mobile wallets, each offering different levels of security and convenience. It is important to ensure that whichever option you choose, you maintain robust security practices to protect your assets.