- 5 Jan 2026
- Elara Crowthorne
- 15
Snail Trail (SLIME) is a crypto token built for a racing game where players collect digital snails, breed them, and race them on blockchain-powered tracks. It launched in 2022 on the Avalanche network, promising a play-to-earn model where your snail’s genetics determine how fast it wins races. But today, the project is barely alive - and what’s left is a cautionary tale about how not to build a GameFi token.
What SLIME actually does
SLIME isn’t just another meme coin. It’s meant to be the engine of a game. You use it to buy NFT snails, pay for race entries, breed new snails, and vote on game updates. Each snail belongs to one of five genetic families - each with unique traits like speed, acceleration, or stamina. These traits change how well your snail performs on different track types: muddy, icy, or winding. The idea was smart: make racing strategy-driven, not just luck-based.
The token runs on Avalanche’s C-chain, which means faster and cheaper transactions than Ethereum. That’s important when you’re racing every few minutes and trading snails in real time. The contract address is 0x5a15...F2d9C8, verified on Binance’s token list. Total supply is 300 million SLIME. As of late 2023, about 116 million were in circulation.
How it launched - and why it crashed
Snail Trail raised $3.96 million across private and public sales. Private investors bought SLIME at $0.055 each. Public buyers paid $0.066. At its peak, the token hit a market cap of over $600,000. That’s not huge compared to Axie Infinity or The Sandbox, but it was enough to get attention.
Then came the drop. By September 2023, the market cap had fallen to just $80,430. The price slid from a high of $0.002 to around $0.000675. Why? Because the game stopped working.
Players say races take 20 minutes to process. The servers glitch. The website barely loads. And the trading volume? A measly $224 in 24 hours. That’s not a market - it’s a ghost town. If you try to sell even a million SLIME ($675 worth), you’d need to trade over 4,000% of the daily volume. In plain terms: you can’t cash out without crashing the price.
The broken ecosystem
GameFi projects live or die by two things: active players and liquid markets. Snail Trail failed at both.
- Only 10,620 people still hold SLIME - down from 15,200 in mid-2022.
- It’s listed on just one exchange (no Binance, no Coinbase).
- The official Twitter hasn’t posted since January 2023.
- The GitHub repo hasn’t been updated since November 2022.
- No new roadmap. No team updates. No community managers.
Even the breeding system - once praised as innovative - is broken. You can’t breed snails because the game won’t load. You can’t race because the server timeouts are constant. And you can’t sell your tokens because no one’s buying.
Users on Reddit and Trustpilot are clear: “Abandoned.” “Scam.” “Waste of time.” One user calculated that selling 10,000 SLIME would cost $50 in slippage alone. Another said they spent $300 on snails and now can’t even log in.
Why experts say it’s dead
Analysts don’t mince words. CoinCodex gives SLIME a “high risk” rating - 9 out of 10. CryptoRank calls it a “dormant project.” Messari says revival is “extremely unlikely.”
The core problem? No sustainable tokenomics. There’s no buyback. No staking. No burn mechanism. No utility outside the game - and the game doesn’t work. The team took the money, built a prototype, and vanished.
Some early investors made money. The private sale participants saw a 5.6x return at the peak. But those who bought at launch or later? They’re stuck. And there’s no escape hatch.
Can you still play Snail Trail?
Technically, yes - if you’re patient and technically skilled.
You need:
- An Avalanche-compatible wallet (MetaMask, Phantom)
- AVAX for gas fees (at least 0.5 AVAX)
- Access to the Snail Trail dApp (via their website)
- Willingness to wait 10+ minutes for a race to start
Even then, you’ll likely hit errors. Many users report failed transactions because their gas settings are too low. Others say the marketplace shows snails for sale - but the purchase button doesn’t work.
And forget about making a profit. The token’s value is so low, and the volume so thin, that even if you win races, you can’t convert your SLIME into anything useful without losing half your earnings to slippage.
How it compares to other GameFi games
Snail Trail sits at #7124 in market cap among all crypto assets. For context:
| Project | Market Cap | 24h Volume | Token Holders | Exchange Listings |
|---|---|---|---|---|
| Snail Trail (SLIME) | $80,430 | $224 | 10,620 | 1 |
| Axie Infinity (AXS) | $380M | $28M | 450K+ | 20+ |
| The Sandbox (SAND) | $620M | $42M | 1.2M+ | 30+ |
| Illuvium (ILV) | $420M | $15M | 300K+ | 18+ |
Snail Trail isn’t just smaller - it’s in a different league. The others have active teams, regular updates, and real economies. Snail Trail has a website that loads slowly and a token nobody wants.
Should you buy SLIME?
No - unless you’re gambling.
There’s no fundamental reason to own SLIME today. It doesn’t pay dividends. It doesn’t let you vote on anything meaningful. It doesn’t even let you play the game properly. The only reason to buy it is if you think someone else will pay more for it tomorrow - but with $224 in daily volume, there’s no one left to buy.
Even the most optimistic prediction - a 25% price bump to $0.000844 - has only a 12% chance of happening, according to CryptoPredict. That’s not an investment. That’s a lottery ticket with worse odds.
If you already own SLIME? Don’t expect to cash out. The market is dead. The project is abandoned. The only thing left is a memory of what could have been.
What happened to the team?
No one knows. The team is anonymous. No LinkedIn profiles. No interviews. No public statements since mid-2022. The project’s Medium blog hasn’t been updated since September 2022. The last update was about “Phase 2: Snail Breeding System.” It never launched.
In crypto, anonymous teams aren’t always bad. But when a project dies and the team vanishes - especially after raising nearly $4 million - it’s not anonymity. It’s abandonment.
Snail Trail didn’t fail because the game was too niche. It failed because the team didn’t care enough to finish it.
15 Comments
SLIME is just a ghost now, bro. I bought in at $0.001 and now I can’t even sell without losing half my cash. Game doesn’t load, team’s MIA, and the only thing moving is my regret.
Let’s be real - this was a classic rug pull disguised as GameFi. They raised nearly $4M, built a half-finished prototype, and vanished. No staking, no burns, no updates. The tokenomics were broken from day one. If you’re holding SLIME, you’re not investing - you’re holding a digital tombstone.
The fact that it’s still listed on one exchange is a joke. No liquidity means no exit. And those snail NFTs? Worthless without a functioning game. Even the breeding system, which was their only real innovation, is frozen because the backend is dead.
Compare it to Axie or Illuvium - those projects have active devs, community managers, and actual economies. Snail Trail had a website and a whitepaper. That’s it.
And don’t get me started on the gas fees. You need 0.5 AVAX just to try logging in, and half your transactions fail because the dApp times out. It’s not a game - it’s a tech support nightmare.
There’s no recovery path here. No roadmap, no team statements, no Twitter activity since 2023. The project is dead. The only thing left is the echo of people hoping it’ll come back.
It’s a lesson: if the team’s anonymous and the code hasn’t been touched in 18 months, walk away. Don’t chase dead coins.
Y’all still holding SLIME? I feel you - I did too. But here’s the truth: you’re not losing money, you’re just waiting for a miracle. And miracles don’t happen in crypto when the team ghosts you.
Instead of holding, try turning it into a learning experience. What did this teach you about tokenomics? About team transparency? About the difference between a prototype and a product?
Maybe next time, look for projects with weekly dev updates, real community mods, and burn mechanisms. SLIME was a cautionary tale - don’t let it be your last one.
Been there, done that. Bought SLIME thinking it was the next big thing. Turns out it was the next big waste of time. No regrets - just a lesson learned the hard way.
Yo - this isn’t just a failed project, this is a cultural artifact now. A monument to crypto’s wildest dreams and ugliest betrayals. I still log in once a month just to see if the site loads. It never does. But I keep checking. Like a ghost haunting its own funeral.
Some of us still believe in the dream - that maybe, just maybe, someone will revive it. But the truth? The dream died the moment the last dev closed their laptop and walked away.
Still… I’ll never stop hoping. Even if it’s just for the snails.
I sold mine at $0.0003 and still feel guilty. Like I abandoned the snails. But what else could I do? The game was a slideshow. The devs were silent. I had rent to pay.
From a tokenomics standpoint, SLIME had zero sustainability mechanisms. No buybacks, no staking rewards, no utility beyond a non-functional dApp. The token was designed as a speculative instrument, not an economic engine. That’s why it collapsed - not because the game was niche, but because it was fundamentally misarchitected.
Compare it to projects with vesting schedules, liquidity locks, and community governance. SLIME had none. The team took the money, deployed the contract, and called it done. That’s not innovation - that’s negligence.
USA is full of dumbasses who think crypto is a casino and not a technology. You people gave $4 million to anonymous guys with no experience and now you’re crying because you lost? That’s what you get for being lazy and trusting strangers on the internet. In my country, we don’t throw money at memes. We build real stuff. This is why America’s tech reputation is falling - because of people like you who think a snail racing game is worth investing in. Pathetic.
And don’t even get me started on the gas fees. You need AVAX? Who even uses that? You should’ve stuck to Bitcoin like a real investor. This whole thing is a disgrace to blockchain.
While the emotional impact of this project’s collapse is understandable, it is important to recognize that speculative investments in unregulated digital assets inherently carry significant risk. The absence of a functioning product, coupled with minimal liquidity and no active development, renders SLIME a non-viable asset. Rational capital allocation would have precluded participation in such a venture.
Hey - if you still have SLIME, don’t panic. I’ve been there. But here’s what you can do: use it as a case study. Document your experience. Write about the broken breeding system, the server timeouts, the lack of communication. Share it on Reddit, on Twitter, on Medium.
That’s how we protect the next wave of investors. This isn’t just about your money - it’s about making sure no one else gets burned like this.
And if you’re feeling stuck? Join a crypto accountability group. There are people out there who’ve been through this. You’re not alone.
I still check the Snail Trail site every Sunday morning. Like a ritual. Sometimes it loads. Sometimes it doesn’t. Sometimes I see a snail I bought two years ago still sitting in my inventory. I don’t even race them anymore. I just… look at them.
They’re beautiful little digital creatures. And I think about the people who made them. The artists, the devs, the dreamers. I wonder if they still wake up hoping someone will come back.
Maybe the game is dead. But the snails? They’re still here. And maybe that’s enough.
It is a matter of profound regret that such a project, despite its initial promise and substantial funding, has succumbed to complete abandonment. The absence of any formal communication from the development team, coupled with the cessation of technical updates and community engagement, constitutes a clear breach of fiduciary responsibility toward token holders. In the context of blockchain technology, transparency and continuity are not optional - they are foundational. This incident underscores the imperative for rigorous due diligence prior to participation in any decentralized finance initiative.
you guys are all sooo dumb. i told everyone this was gonna be a scam. i even made a meme about it. it had a snail wearing a suit with a briefcase full of cash. the caption was "when your gamefi project has more cash than code". got 12k upvotes. but no one listened. now look. total disaster. i told you so. and now i'm rich because i sold my slimes at $0.0009. you guys just need to trust me. i know stuff.
It is deeply concerning that individuals continue to invest in projects devoid of legal accountability, transparent governance, or operational viability. The Snail Trail incident exemplifies the moral hazard inherent in anonymous, unregulated token launches. The fact that over $3.9 million was raised under the pretense of building a functional ecosystem - only to be abandoned - constitutes a form of digital fraud. Those who participated in this scheme, knowingly or not, have enabled a system that erodes public trust in blockchain technology. There is no redemption here. Only responsibility.