This in-depth analysis examines the question: Is Snorter Bot a legitimate project or a scam? Read on for our impartial findings.

Snorter Bot (SNORT) is a trending presale project that gives token holders access to an advanced Telegram trading bot with lighting-fast trading, auto-sniping new coins, and honeypot scam detection. The project helps onboard retail clients who want exposure to digital assets but don’t have the time or skills to closely analyze the market and use the various tools necessary for success.

While the presale has raised over $3.86M so far, some commentators are skeptical about the project’s potential. This guide examines the question in great depth: Is Snorter Bot a scam or a legitimate Web 3.0 project? Read on to learn everything about SNORT, including its use cases, presale campaign, tokenomics, and future exchange listings.

Is Snorter Bot Legit? Key Points

• Snorter Bot lets users trade Solana-based meme coins within the Telegram app. The bot executes positions via a private RPC infrastructure to ensure fast and secure settlement.

• The bot monitors Solana liquidity pools in real-time, allowing users to instantly purchase trending meme coins with optimal slippage and tax settings.

• Users can customize automated trading strategies using limit orders and dynamic stop-losses, ensuring they minimize risk while maximizing potential gains. Beginners may prefer Snorter Bot’s copy trading tool, which lets them automatically copy seasoned meme coin traders.

• Snorter Bot generates revenue, so unlike many new crypto launches, it operates a sustainable Web 3.0 model. Users pay fees whenever the bot executes positions.

• The Snorter Bot team offers a transparent presale process. The event spans 60 stages, and buyers pay between $0.0935 and $0.1053, depending on when the investment is made.

• The development roadmap has entered the advanced beta testing phase, with a select group of early adopters having access to the product, indicating real development milestones.

• SolidProof and Coinsult have completed full contract audits to ensure legitimacy. The audits found no vulnerabilities or risks in the smart contracts.

The Snorter Bot presale homepage. Source: Snorter Bot

How to Know if Snorter Bot is Legit? Core Factors to Explore

Investors should consider these variables when exploring the question: Is Snorter Bot a scam or a legitimate project?

1. Does the Project Have a Transparent Team?

Seasoned Web 3.0 analysts conduct due diligence on the team before investing in new projects because scams and rug pulls are unfortunately common in the crypto market. They often focus on the core founders and management team to assess credibility, experience, and prior success in their respective fields.

Snorter Bot hasn’t released details of its core management team, but the whitepaper confirms that Meme Studio LAB Limited backs the project, a registered company in the British Virgin Islands. However, the project documents don’t provide a breakdown of Snorter Bot’s lead developers or CEO.

2. Are the Tokenomics Safe and Sustainable?

Legitimate crypto projects have sustainable tokenomics (which the project calls “Snortenomics”) — it forms the economic backbone of the native token, SNORT.

The team created a 500 million supply and, as confirmed by the contract audit, it cannot issue new tokens. This token structure is favorable for holders, as the finite supply ensures they cannot be diluted by new issuances. The tokenomics distributes SNORT tokens across various departments, including product development, marketing, and exchange liquidity.

3. Does Snorter Bot Offer Any Innovative Use Cases?

The crypto market is home to millions of tokens, and the vast majority offer no use cases or utility. Our research shows that Snorter Bot is a utility-driven project that provides token holders with real value. Everything is centered around its proprietary Telegram-based bot, which enables users to trade Solana Program Library (SPL) tokens without leaving the Telegram app.

While there are other Telegram bots on the market, Snorter Bot’s unique selling point is its  private RPC infrastructure. This helps user avoid slippage, network congestion, and frontrunning risks.

The team developed a wide range of additional features to maximize value for its community, including copy trading, custom orders, portfolio management, and automated sniping.

4. Have Reputable Blockchain Security Firms Audited the Smart Contract?

Illegitimate projects usually launch cryptocurrencies without having their native smart contract audited, allowing them to commit blockchain scams like honeypots and rug pulls. This isn’t always the case and even audited projects can turn out to be scams, but audits from reputable auditors are a positive sign.

Snorter Bot made sure to reassure investors by securing audits from SolidProof and Coinsult, two of the most reputable blockchain security firms. These companies audited the SNORT contract and found no vulnerabilities.

Here are links to the Snorter Bot contract audit:

• CoinSult Audit

• SolidProof Audit

5. Will the Project Generate Long-Term Revenue?

Snorter Bot seems to have developed a sustainable, long-term revenue framework: the bot charges fees when it executes trades for users. While standard users pay 1.5% of the transaction value, SNORT holders get a reduced fee of 0.85%.

Our research shows that 0.85% is the lowest rate in the industry, especially when you factor in the bot’s slippage and tax optimizer. Holders must meet a minimum balance requirement to retain their discounted commission, creating stable market conditions for the SNORT price.

6. Is the Presale Structure Fair and Transparent?

The research team examined Snorter Bot’s presale framework to ensure fairness. The whitepaper confirms an initial price of $0.0935 per token, with small increases as the presale progresses. The final presale price is $0.1053, so early-stage investors secure a modest upside of just 12%.

This pricing structure is unlike many presale events, which offer unsustainable upsides of several hundred percent to encourage early participation. Those early investors often sell their tokens at the exchange launch to lock in their gains, creating significant selling pressure from the get-go.

Another positive factor is that the Snorter Bot team opted against a private sale for institutional investors and strategic partners. This should ensure that presale buyers get a fair price, no matter their budget or investing experience.

Who Runs Snorter Bot? A Closer Look at the Project Founders

The Snorter Bot whitepaper was issued by Meme Studio LAB Limited at the following registered address: Intershore Chambers, Road Town, Tortola, British Virgin Islands. While we were unable to find any information about the company (e.g., a list of shareholders), as per the British Virgin Islands’ data protection laws, the business registration number provided is legitimate and valid.

The whitepaper mentions just one company employee, namely the managing director, Aleksandar Radev Kostov. We couldn’t find any public information about Kostov, including social media profiles. This lack of transparency increases the risk spectrum, as there is no direct accountability if the project fails.

The key safeguard for SNORT investors is the audited smart contract. With both SolidProof and Coinsult confirming that the contract is free from vulnerabilities, investors avoid rug pulls and other crypto scams.

Additionally, some of the best cryptocurrencies to buy were created anonymously, including the world’s largest digital asset, Bitcoin. Shiba Inu, SPX6900, and dogwifhat are other notable examples of successful projects without a clear and transparent team.

Is Snorter Bot’s Telegram Bot Legit?

Snorter Bot’s underlying technology is both legitimate and innovative. Users access Solana decentralized exchanges (DEX) directly in the Telegram app, ensuring privacy and anonymity. The project’s native RPC infrastructure can be a powerful tool for investors, executing trades at lightning-fast speeds before regular DEX traders can act.

The private infrastructure helps users avoid mainstream DEXs like Raydium and Jupiter, which often provide a subpar experience during meme coin rallies, including failed transactions, loading issues, and extortionate fees.

Snorter Bot’s impressive features. Source: Snorter Bot

Snorter Bot also provides additional, proprietary use cases for a wide range of trading goals and strategies, such as its copy trading tool. Users choose their preferred meme coin trader, set an investment amount, and the bot automatically copies their positions in real-time.

The bot also facilitates “snipe trades” on new cryptocurrencies, buying tokens within milliseconds of liquidity appearing. This benefit lets investors purchase digital assets at tiny market capitalizations that are often under $50,000, delivering an attractive risk-reward ratio. Built-in safeguards include frontrunning and MEV protections, custom routing, and auto-calculated slippage and tax settings.

Investors should, however, remember that Snorter Bot is a new project that remains in development, with many features and tools yet to be launched in the public domain. These risks are reflected in the presale valuation, with analysts expecting a small market capitalization at the token generation event (TGE).

Analyzing the Snorter Bot Tokenomics

Studying a project’s tokenomics can help seasoned traders decide whether the token supply and distribution are fair, sustainable, and aligned with long-term utility.

The SolidProof and CoinSult audits confirm a maximum and finite supply of 500 million SNORT tokens. Investors prefer cryptocurrencies with a capped supply, as it prevents dilution and creates scarcity over time, which are key factors that can encourage organic growth and rising token demand.

Of the 500 million supply, 25% is allocated for product development. This gives the team sufficient capital to develop, test, and refine the Telegram bot and ensure it’s free from potential bugs and vulnerabilities. 20% of the supply is reserved for marketing, with the team aiming to onboard platform users and build a community of loyal token holders. The remaining tokens are used for exchange liquidity, staking, community rewards, airdrops, and the treasury.

How to buy Snorter Token, using SOL, ETH, USDT, USDC, or a credit card. Source: Snorter Bot

The team plans to list SNORT tokens on an exchange(s) after the token claim, but it doesn’t mention specific platforms. Analysts suggest that the TGE will happen on a DEX like most new launches, although centralized exchanges (CEX) may also be an option if the presale is successful. The tokenomics reserve 20% of the SNORT supply for exchange liquidity, which is a higher allocation compared to most DEX listings, to help ensure stable trading conditions after launch.

Broader market conditions also play a role in the SNORT price trajectory. The tokens may see an initial rally if the wider crypto space is bullish, as investors possess a higher risk appetite during bull runs. Negative sentiment can harm SNORT’s price potential, so presale investors should adjust their strategy accordingly.

Visit Snorter Bot

Is the Snorter Bot Presale Legal and Ethical? Regulatory Considerations

The Snorter Bot whitepaper suggests that the team, while largely choosing to remain anonymous, takes regulatory compliance seriously. It provides the whitepaper issuer, including the company name, address, registration number, and managing director.

The document also confirms that UK residents are restricted from joining the presale event, and that those based in the European Union (EU) have 14 days to request a refund. The EU stipulation, which must be submitted before the TGE, ensures that Snorter Bot complies with the Markets in Crypto-Assets Regulation (MiCA).

It’s unclear how the presale team will determine where investors are located, as participants invest anonymously on a wallet-to-wallet basis.

Project materials, including the whitepaper and website, present sufficient risk warnings, including price volatility and speculation. Despite being a legal presale project, local rules and regulations may differ on specific features, such as copy trading or wider bans on Telegram usage. Ensure you research laws in your home country before proceeding.

Snorter Bot Roadmap: Tracking Core Development Objectives

It’s far too early to assess Snorter Bot’s roadmap progress as the presale event launched recently.

The roadmap’s first stage covers generic processes, such as smart contract development and audit, website optimization, and whitepaper release. In the second and current stage, Snorter Bot completes its presale event and TGE, as well as community beta testing.

The most important development milestones happen in the third and fourth roadmap stages: this includes launching the Telegram bot on multiple EVM chains, ecosystem growth, trading algorithms, and decentralized finance (DeFi) partnerships.

The best practice is to follow the project on X for development announcements, compare the projected timeline dates with actual progress, and evaluate whether the team is reliable and competent.

Snorter Bot vs Other Presale Projects: Key Comparison

Here’s how Snorter Bot compares with other top crypto presales that are currently raising funds:

These presale projects offer innovative use cases, although each has varying risks and upside potential. They cover several high-growth narratives, including Layer 2 technologies and self-custodial storage.

How Does Snorter Bot Compare?

Snorter Bot’s target market is active traders who want to capitalize on Solana meme coin trends, with support for EVM-compatible networks planned in future roadmap phases.

Beginners can copy their preferred traders, as the bot automatically executes positions based on their buy and sell activities. More experienced traders use the bot’s snipping feature, which enables them to purchase new cryptocurrencies within milliseconds of their launch on DEXs.

While other Telegram-based bots are in the Web 3.0 market, Snorter Bot is the only stakeholder to have a private RPC infrastructure. This unique feature means platform users get the fastest execution speeds and the lowest fees, even during bull cycles.

FAQs

References

1. Snorter Bot Whitepaper (Snorter Bot)

2. Solana Program Library Documentation (Solana)

3. British Virgin Islands Data Protection Act 2021 (Government of the Virgin Islands)

4. Regulation (EU) 2023/1114 Of The European Parliament And Of The Council (Official Journal of the European Union)