The hype around $SNORT is undeniable. Over $700,000 raised in a presale? A Telegram-based crypto trading bot that’s working on both Solana and Ethereum? Analysts forecasting a possible 1374.8% – 2488.0% increase by 2030! It’s really hard not to get caught up in the FOMO. Tokens such as Ethereum, Solana, and Ripple are going to town on the NFT craze! As someone sitting here in Johannesburg, I can't help but ask: Beyond the potential profits, is this actually making a difference for real people?
Crypto & Financial Inclusion: Pipe Dream?
$SNORT features a unique Telegram trading bot that’s available on Solana and Ethereum. The idea? Seamless trading. Let's be real. In communities where internet access is a luxury, not a given, and digital literacy is low, a fancy trading bot feels incredibly distant. We’re still talking about folks having trouble making ends meet, not playing Microsoft Flight Simulator with altcoin trading.
Might this technology one day be repurposed to deliver a rich set of financial services to the unbanked? Perhaps. Now picture a simpler version doing the opposite—helping small businesses better manage payments or providing easier access to microloans. Indeed, the opportunity for dramatic progress is there. There’s still a serious divide between the technology and the people who could benefit from it the most. That’s not even starting to get into the other regulatory hurdles that always seem to burden developing nations the most.
Blockchain Transparency: A Real Antidote?
Blockchain's promise of transparency is often touted. And yes, in theory, it could completely revolutionize things like supply chain management or land ownership, making everything much more transparent and accountable. Follow the path of medicine from the manufacturer to a rural community’s clinic. Don’t let it be siphoned off or turn into fake bucks! Or picture ensuring that land titles can’t be tampered with, so corrupt local leaders can’t take land from marginalized communities.
Technology alone isn't a magic bullet. An exploitative system will always find a way to bend the most transparent technology to its will. It won’t happen without a moral turn toward an entirely different vision for governance, one that centers equity and justice. Blockchain isn’t the real answer. Blockchain is an incredibly powerful tool, but it’s only as good as the people wielding it.
Staking APY: Is it Too Good?
That 462% staking APY that was dangled in front of presale participants is certainly enticing. It's designed to lure early investors. While high APYs may seem attractive, they are usually very risky. It's a classic case of "if it sounds too good to be true, it probably is." When those unsustainable high APYs inevitably collapse, they frequently drag a million or more investors down with them. It’s the smaller, retail investors—who can least afford to lose—that inevitably get burned.
Is this really serving the people well? Or is it just an inept ruse to funnel more money from the middle-class to the rich?
$SNORT and My Mother's Spaza Shop
I cannot stop thinking about my mom’s spaza shop (informal convenience store). Could $SNORT’s trading tools allow her to reach international markets, perhaps import exclusive Indonesian or Vietnamese goods directly from the supplier? Theoretically, yes. The reality is far more complex. She’s concerned with load shedding (power outages), not crypto markets volatility. Those are the crude solutions, what she really needs is reliable electricity, not a Telegram bot.
That's the disconnect. We can’t allow ourselves to be carried away by the crypto hype. Let’s not forget the underlying needs of actual humans, if we’re serious about this.
We can not ignore the dark side. Scams, volatility, environmental impacts… they are all quite real. I personally do—and I think on some level all of us do—know people who lost their life savings in crypto schemes. The tantalizing promise of instant wealth seduced them, leaving them crushed and ruined.
To reap the full public health benefits of these advances, we need to be real about these risks. So, let’s focus on educating everyone in the ecosystem on the dangers of volatility and the need for diligence. And we have to hold projects’ feet to the fire when it comes to their environmental impacts.
$SNORT might be a great investment. It might revolutionize crypto trading. Before we pour our money into it, let's ask ourselves: Is this actually making the world a better place?
Let's demand that crypto projects prioritize social impact alongside profit. For instance, let’s truly support the initiatives that are rigorously documenting their work and making long-lasting impacts on marginalized communities. Let’s work together to ensure that our crypto ecosystem is an inclusive, transparent, and sustainable one.
For if crypto is just a new way for the wealthy to enrich themselves, then it’s betraying us all.
Really, that’s the question not only of whether $SNORT will moon, but whether it’ll lift anyone else up with it.
Because if crypto is only about lining the pockets of the wealthy, then it's failing us all.
The question isn't just whether $SNORT will moon, but whether it will lift anyone else up with it.
