Snotra Testnet is live on Aptos

Published on: 13.10.2022

Snotra testnet is live on Aptos and the platform conducts a Snotra NFT Staking program. The Snotra NFT Staking DAPP is the startup of the Snotra Ecosystem.

Snotra is a blockchain ecosystem that allows NFT projects on the Aptos Network to be staked in a single Dapps for the first time.

It aims to be the leading Decentralized Exchange (DEX) of the Aptos Ecosystem and offer a “best-in-class”, secure, user-friendly, cryptocurrency trading platform accessible to users of any experience.

Snotra chose the Aptos Blockchain to launch the $SNR token since Aptos has demonstrated that it is arguably one of the most efficient blockchains for decentralized finance in terms of performance and fees.

Soon Snotra will become a well-known name in the NFT ecosystem. Non-Fungible Tokens (NFTs) are digital collectibles (art, music, 3D models, etc.) that are unique and cannot be copied.).

It is similar to a unique trading card. Initially, NFTs were part of the Ethereum Blockchain and the Binance Smart Chain (BSC). But today, you have other blockchain networks, such as the Aptos Network, that support NFTs. Snotra is a super blockchain ecosystem that combines the industry’s best services on the Aptos Network.

How Does the Snotra Ecosystem Work?

Users will have the opportunity to lock NFTs on a platform to receive SNR Tokens, which are staking rewards, by staking NFTs with Snotra, and to take advantage of other advantages. NFT staking will allow users to earn an income from their collections while continuing to maintain ownership of their collections. Snotra, along with NFT staking, will also provide users with advantages such as swaps and adding liquid.

NFT Staking Mechanism

NFT staking allows users to earn rewards as a passive way of earning money without having to sell or transfer ownership of the NFT. Stakers are rewarded for holding or locking NFTs on the platform.

This protects the network and rewards NFT token holders in return for providing security. The reward depends on the NFT bet or the locked total value (TVL), the bet period, and the APY or annual interest rate. Stakeholders can enjoy the benefits without losing ownership.

Snotra Staking Guide

Got to the Snotra website
Click on Connect Wallet and link your Aptos wallet
Enter Information
* Collection Creator Address (used for NFT collection creation)
— Name of the collection (used for NFT collection creation)
¤ Description (max 180 char)
⇒ Image URL (preferably squared)
◊ Total NFT Count
♣ Rewards Token
♥ Daily rewards amount / NFT
♦ Duration ( total days )
Enter your Social Media links
Enter your project information
Your project’s NFT Staking program is now live.

Snotra is a revenue-sharing staking-as-a-service platform focused on quality, speed, and self-service. Free and painless set-up for the project owner. The revenue stream generates through small transaction fees and shares with Snotra NFTs holders.