diff --git a/dapps/valuetransfers/dapp.go b/dapps/valuetransfers/dapp.go
index 5ee35bd80688a1a4b5cd7114cbe2cbe572003f5e..e16014d0ac8a4aebb036418385108c67ea88275d 100644
--- a/dapps/valuetransfers/dapp.go
+++ b/dapps/valuetransfers/dapp.go
@@ -39,7 +39,7 @@ const (
 )
 
 func init() {
-	flag.String(CfgValueLayerSnapshotFile, "", "the path to the snapshot file")
+	flag.String(CfgValueLayerSnapshotFile, "./snapshot.bin", "the path to the snapshot file")
 	flag.Int(CfgValueLayerFCOBAverageNetworkDelay, 5, "the avg. network delay to use for FCoB rules")
 }