what's SNP500?
SNP500 is a Solana-based meme coin that satirizes traditional finance by emphasizing community belief, relatability, and shared awareness over conventional investment narratives. Its manifesto positions it as a cultural antidote to market absurdity, fostering engagement through memeing and collective understanding rather than promises of returns. The project maintains an official website outlining its philosophy and has achieved listings on platforms like CoinGecko, Bybit, and others. It originated from a rebranding for compliance and broader adoption, distinguishing itself from TradFi indices while operating fully on-chain.
Over 20% of total supply is locked until 2069.
Links
x.com/snp500solanaOver 20% of total supply is locked until 2069.
Team member accumulated 6.7% of total supply through locking and adding to liquidity pools.
Transitioned to community takeover by mrpunkdoteth from original team.
Reduced fee distribution to holders from 50% to 30%, with CTO claiming remaining fees. CTO transferred $20K in fees to a team member's wallet.