$SNAP / Tokenized Stocks — look at the official on-chain data, not the headline.
Token: SNAPon | Underlying stock: SNAP
On-chain price: $5.28 (24h -7.60%)
Number of holding addresses: 88 | US stock market cap: $8,934,359,054
P/E ratio: - | Dividend yield: 0.00%
52-week range: $3.81 - $9.13
Status: regular
My take: Tokenized stocks wrap real stocks on-chain. As long as custody certificates are timely, the on-chain price’s premium/discount versus the underlying will be very small—this is exactly the point of this structure. I’ll be watching whether the on-chain price keeps up with the stock.
Do you think tokenized stocks of SNAP are promising, or is it still just hype?👇
#SNAP
Token: SNAPon | Underlying stock: SNAP
On-chain price: $5.28 (24h -7.60%)
Number of holding addresses: 88 | US stock market cap: $8,934,359,054
P/E ratio: - | Dividend yield: 0.00%
52-week range: $3.81 - $9.13
Status: regular
My take: Tokenized stocks wrap real stocks on-chain. As long as custody certificates are timely, the on-chain price’s premium/discount versus the underlying will be very small—this is exactly the point of this structure. I’ll be watching whether the on-chain price keeps up with the stock.
Do you think tokenized stocks of SNAP are promising, or is it still just hype?👇
#SNAP