StarryNift PriceSNIFTInactive

What is StarryNift (SNIFT)?

StarryNift (SNIFT) is the native token of an AI-powered co-creation platform built on the BNB Smart Chain. The project describes itself as a gamified metaverse that blends immersive 3D virtual experiences with digital collectibles, decentralized finance, and non-fungible tokens into a single ecosystem. Users are invited to play games, create content, socialize with others, and earn rewards, all within a virtual environment underpinned by AI SDK infrastructure that supports collaborative content generation.

The platform's core positioning revolves around four user activities: Play, Create, Socialize, and Earn. SNIFT operates as a BEP20 token with 18 decimal places. The total supply is 1,000,000,000 SNIFT. The circulating supply has been reported at varying figures across different data sources. The token was listed on CoinMarketCap on 26 September 2024. The project is currently in an early-stage development phase, with a market capitalization that remains relatively small compared to more established metaverse and gaming tokens.

Key Specifications & Tokenomics

• Name: StarryNift
• Ticker/Symbol: SNIFT
• Blockchain / Platform: BNB Smart Chain (BEP20)
• Token Standard: BEP20
• Smart Contract Address (BNB/BSC): 0x5c4625ac040486ce7a9054924b8cd3e4ba8480a6
• Ethereum Contract Address: 0x9c23c451a4938bf3cdc365ec075f34f351a4b0b9
• Decimal Places: 18
• Official Website: https://starrynift.art/
• Whitepaper: https://cdn.starrynift.art/StarryNift-WhitePaper.pdf
• Launch Date: 2024-09-26
• Explorer: bscscan.com
• Categories: AI & Big Data; Gaming; Metaverse; Virtual Reality; Non-fungible Tokens; Launchpad; Identity
• Total Supply: 1,000,000,000 SNIFT
• Circulating Supply: 629,962,500 SNIFT (CoinMarketCap)
• Max Supply: 1,000,000,000 SNIFT
• Asset Type: Token

Who created StarryNift?

StarryNift was founded by a team of experienced developers and creators operating in the blockchain and gaming industries, according to Bitget Academy. The project is on a mission to build a metaverse co-creation platform that merges gaming, digital collectibles, and virtual social experiences. The project raised $10 million in December 2023 from investors including SIG, Binance and OKX. It is tagged under the YZi Labs portfolio on CoinMarketCap.

How does StarryNift work?

StarryNift functions as a gamified metaverse platform where users engage in four primary activities: playing games, creating content, socializing, and earning rewards. The technical foundation rests on BNB Smart Chain, utilizing the BEP20 token standard for SNIFT. AI SDK infrastructure is a central component, enabling users to co-create content within the ecosystem. This AI-driven approach allows for collaborative generation of digital assets, experiences, and potentially other forms of creative output.

The platform delivers an immersive 3D virtual experience, positioning itself at the intersection of metaverse, virtual reality, and artificial intelligence. Users can participate in various activities within this virtual environment, with SNIFT serving as the medium for transactions and rewards. The ecosystem also includes NFT collections, most notably the StarryNift NFT series. As of the latest available snapshot, the StarryNift NFT series had 2,715 NFTs minted and 530 holders, with a floor price of $37.08. These NFTs and other digital collectibles form part of the broader co-creation economy that StarryNift aims to foster.

What makes StarryNift unique and valuable?

StarryNift distinguishes itself through its integration of AI SDK infrastructure into a metaverse co-creation platform. Rather than focusing solely on gaming or NFTs, the project combines multiple emerging technology sectors: artificial intelligence, virtual reality, the metaverse, and blockchain-based digital ownership. This multi-faceted approach positions StarryNift at the convergence of several high-growth areas in the cryptocurrency and technology industries.

The emphasis on co-creation, powered by AI, allows users to actively participate in generating content and experiences rather than simply consuming them. This participatory model is designed to foster a more engaged and invested community. Additionally, the platform's gamified approach to the metaverse, combined with its play-to-earn and create-to-earn mechanics, offers users tangible incentives for participation. The project raised $10 million in December 2023 from investors including SIG, Binance and OKX. Funding does not guarantee future performance.

What is StarryNift used for?

SNIFT serves multiple functions within the StarryNift ecosystem. SNIFT is used as a medium of exchange, to reward creators and participants, to access exclusive events for holders, and for discounts on transaction fees. The token is used to incentivize user engagement across the four core activities: playing games, creating content, socializing, and earning. SNIFT holders can access exclusive events and receive discounts on transaction fees, according to the project's materials. The token's price has fallen sharply from its all-time high, so holding carries substantial risk.

Beyond utility within the platform, SNIFT has been distributed through airdrop campaigns. SNIFT has been distributed through airdrop campaigns, including the "Treasure Trove" campaign and a planned distribution to 3rd Anniversary NFT holders. SNIFT can be traded on various cryptocurrency exchanges, with conversion pairs available for multiple fiat currencies including AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD, and KRW.

How Is the StarryNift ecosystem developing?

The StarryNift ecosystem is in an early stage of development, with several key components already in place. The platform operates on BNB Smart Chain and has established an NFT collection with a floor price of $37.08 and 530 holders as of the latest available snapshot. Airdrop campaigns have been conducted to distribute tokens and incentivize participation, including the "Treasure Trove" campaign and a planned distribution to 3rd Anniversary NFT holders.

According to the project, StarryNift has been in development for over three years and has grown into a community of more than 1.2 million citizenship holders.

Partnerships form part of the ecosystem strategy. Pop Social announced a strategic collaboration with StarryNift, aiming to combine expertise between the two platforms. The project maintains an active presence on social media channels, including X (Twitter) and Medium, where it shares updates and community engagement initiatives. According to Yahoo Finance, SNIFT was listed on 17 active markets at the time of that snapshot. Reported 24-hour volume is effectively zero. SNIFT is listed on a number of tracking platforms, though reported 24-hour trading volume is effectively zero, so liquidity is very limited. As the platform continues to develop its AI SDK infrastructure and expand its metaverse offerings, the ecosystem is expected to evolve with additional features, partnerships, and user acquisition efforts.

How to mine StarryNift?

SNIFT is a BEP20 token issued on BNB Smart Chain; it is not mined. Users obtain SNIFT by participating in platform activities, through airdrop campaigns, or by purchasing it on supported exchanges. There is no public information indicating that SNIFT can be mined through computational power or hardware resources. Staking mechanisms, if available, would likely be announced through the project's official communication channels. Interested users should refer to the official StarryNift website and whitepaper for the most current information regarding token acquisition and reward mechanisms.

How to keep your StarryNift Coin safe?

Securing SNIFT tokens requires adherence to standard cryptocurrency security practices. Since SNIFT is a BEP20 token on BNB Smart Chain, it can be stored in compatible wallets that support the BEP20 standard. Users should ensure they use reputable wallet software and keep their private keys or seed phrases confidential and offline. Hardware wallets offer enhanced security for long-term holdings by keeping private keys isolated from internet-connected devices.

When interacting with the StarryNift platform or any decentralized application, users should verify contract addresses and official URLs to avoid phishing attempts. The official BNB Smart Chain contract address is 0x5c4625ac040486ce7a9054924b8cd3e4ba8480a6. Enabling two-factor authentication on exchange accounts and using unique, strong passwords further reduces risk. Users should also be cautious of unsolicited messages, fake airdrops, and fraudulent websites claiming affiliation with StarryNift. Regularly updating wallet software and staying informed about common crypto scams are additional measures to protect SNIFT holdings.