The Cardano blockchain has made headlines with the launch of SNEK, its first meme coin, which has rapidly ascended to become the largest Cardano-native token by market capitalization. Released in April 2023 through a fair launch, the token has demonstrated remarkable growth of over 30,000% in just over 2.5 years, as reported by Crypto.com Price.
SNEK has evolved beyond a mere digital asset; it now encompasses a full-fledged intellectual property (IP) and product ecosystem, including DeFi infrastructure, decentralized applications (dapps), and more. In a bid to further engage the community and increase trading activity, SNEK recently announced a promotional event offering a total prize pool of $300,000 in SNEK. This limited-time SNEK App Campaign invites users to participate by depositing, buying, and trading SNEK during the campaign’s duration, which runs from November 5, 2025, to November 19, 2025.
The campaign is divided into three parts:
Part 1: Net Gain Challenge ($150,000 Prize Pool)
The top 6,000 eligible users with the highest SNEK Net Gains will receive $25 worth of SNEK each. The Net Gains are calculated using the formula: Buys (SNEK) + Net Deposits (SNEK) – Sells (SNEK) – Withdrawals (SNEK). To qualify, users need to execute at least $100 in Net Gains during the campaign period.
Part 2: Trading Competition ($100,000 Prize Pool)
This segment rewards the top 10,000 eligible users ranked by trading volume. Each will win $10 worth of SNEK for trading at least $50 worth during the event.
Part 3: New User Deposit Bonus ($50,000 Prize Pool)
Aimed solely at new users, this part will reward the top 5,000 new users based on their SNEK Net Deposits. Each qualifying user will receive $10 in SNEK for depositing at least $25 worth during the campaign.
Participation guidelines require users to sign up or log in to the Crypto.com App, navigate to the campaign section, and complete the specified transactions. It is crucial to note that only external wallet deposits count towards participation in the Net Deposits calculation.
The campaign terms emphasize that participation is optional and does not constitute investment advice. Users must also be aware of the various risks associated with trading cryptocurrencies, including price volatility and market risks.
Moreover, several rules govern the eligibility criteria and practices during the campaign. For instance, trades that exhibit characteristics of market manipulation, such as wash trading, will be disqualified from counting toward a user’s transaction volume. Furthermore, rewards will be credited to participants’ accounts within 90 days after the campaign concludes.
As the SNEK ecosystem continues to expand, users are advised to remain informed about the risks involved and seek professional guidance before making investment decisions.
The promotional event marks a significant effort by Crypto.com to incentivize user engagement and boost trading activity in the rapidly growing world of Cardano-native tokens.
