A Wild Cat Emerges…

4 min readFeb 3, 2022

One of the most powerful aspects of cryptocurrency is community. While mass adoption may still be some time away, the tedious technical boundaries that separated people from participating in the blockchain are slowly fading. We are becoming a surprisingly healthy ecosystem of degenerates and technical professionals. It’s that sense of unbreakable comradery that is going to catapult crypto’s success. It is also why we decided to make Snow Leopard.

Every good blockchain needs a MEME coin. Okay… I made that up, but it can’t hurt. If you look at some notable coins in the space they have done a good job at bringing people together. Usually that togetherness is based on the unrealistic goals of going 200x overnight… but alas still it’s something to rally behind. We felt that Avalanche lacked this kind of hype until recently.

A certain snow themed coin, which shall remain unnamed, left the Avalanche chain in shambles under the guise of a MEME coin. We feel this was unfair to our home chain, and want to introduce something that helps to benefit the community instead of promising unrealistic gains on a lofty experiment. We also have had some pain with the massive financial destruction of leveraged positions across DAOs and general bearishness of the broader market.

Even in the downturn, Avalanche holds the key to a very strong and resilient future with subnets, grants, talented developers, NFT projects, low fees, and the list goes on. As such the revival of a purely fun driven community is what we hope to accomplish with Snow Leopard. We fully anticipate it still being trade wildly for the hopes of a quick pump and dump… but after the dust settles, the treasury should hold enough to change that narrative.

Sir, I don’t pay taxes.

The trading tax is the bedrock of our tokenomics. We have a healthy allocation of 5% for liquidity so traders can do what they do best, but we also have 6% for the growth wallet. That 6% is normally used for buybacks with coins like this… but we wanted to be a little more creative.

Typically coins like this rarely make it for a long period of time. So instead of one flashy buyback, we want to take the money from the growth tax and purchase a variety of different Avalanche projects. This could include anything from popular nodes, NFT projects, to even validators. Then once we have a decent reserve, we will use our yield bearing assets to have sustainable buybacks and a healthy price floor. It also allows us to leverage different communities around Avalanche to bring attention back to Snow Leopard.

Ultimately we want this to be profitable and valuable for our holders, but we can make no guarantees. The project’s initial launch will set the tone. There are a lot of DAO’s that built healthy treasuries and did nothing with them… we believe that by making no investment promises and simply using a trading tax to add eventual value we can create value with little expectations. This should allow people who hold to gradually benefit without fear of being overexposed from unrealistic promises.

We also think the Snow Leopard acquisition initiative will give us a chance to help lift the Avalanche community by headhunting safe projects and validating them. We are taking on risk and highlighting the pillars in our community. The treasury wallet is also much more agile than a traditional treasury. We have no promises or commitments to make this a DAO and will leverage the wallet in a way we find best for future value.

I’m more of a dog coin person…

The future of Snow Leopard will fall on the community. We plan on supporting it as long as possible. A rocky launch will not dissuade us and likewise we have an ambitious roadmap planned if everything falls in place. We believe that our product can become a staple on Avalanche and will being the process of nurturing it to the might Apex Hunter it is. We hope everyone gets a chance to participate in our upcoming launch.