PANews reported on November 1 that according to official news, Gate.io Innovation Zone will officially launch SNOO on October 31, 2024, and the current price is $0.000301. It is reported that SNOO is the mascot of Reddit, a social news aggregation, content rating and forum social network in the United States. It is the 9th most visited website in the world. $SNOO is the first meme launched from @Reddit.

It is reported that the Gate.io Innovation Zone is committed to integrating the advantages of spot trading and on-chain trading, innovatively lowering the technical threshold for users to participate in on-chain projects. Users do not need to operate Web3 wallets or manage private keys, and can directly participate in hot projects on the chain with only a Gate.io account, thereby accurately capturing early investment opportunities.