# $SNEK Options ## How we $SNEK Our approach adheres to the tradition of buying and burning $SNEK. SNEKPICS IP is wholly owned by the community, ensuring they remain under community control. Funds generated from the project are utilized according the [NFT Collection ](/whitepaper/overview/nft-collection.md)tab. Community can rally to update objectives and allocation. To ensure inclusive decision-making, we will thoroughly explore the most suitable voting option for our holders and actively seek community input through polls and surveys on Discord. Our primary objective is to reciprocate the support of our community, which plays an integral role in breathing life into our project. ### Buy Our strategy involves acquiring $SNEK for our marketing and giveaways goal in Phase 1 and 2. Phase 3 is intended to support SNEK ecosystem as outlined. Our commitment to transparency and community governance ensures that any decision related to the use of $SNEK will be collectively determined by our community members. In the event that additional funds are needed for team, we reserve the right to allocate $SNEK funds accordingly. All transactions are noted in the community Discord. ### Burn Our proposed strategy involves implementing a 7% royalty on all trades for SNEKPICS NFTs. The proceeds directed to this wallet will be strictly allocated to the regular purchase and burning of $SNEK. Furthermore, we remain open to introducing supplementary burning mechanisms, but only upon receiving approval through a community vote. Transparency and community involvement are pivotal in shaping our burning initiatives and ensuring the collective interests of our community are prioritized. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://snekpics.gitbook.io/whitepaper/sustainability-and-longevity/usdsnek-options.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.