# @monteluna: Snap protocol has no LP premine, all liquidity is organic

Source: https://farcaster.xyz/monteluna/0x5e8b1c39

People are out here writing thinkpieces to sell snap when the protocol hasn't even launched yet and 99% of the crypto community hasn't even been introduced to the protocol. There is almost no liquidity because there was no backdoor deal for LPs to receive premine tokens. All liquidity is organic.

If the protocol starts popping, there is absolutely no one on the market able to provide tokens. All liquidity is held by users. This could get scary going up really fast.

Might be one of the greatest bag fumbles in crypto history.

## Comments

**timdaub.eth**: Yes, please pump my bags very much