Yesterday @snaxteam announced that it's token SNAX has been listed on ChainRift exchange with the SNAX/EOS pair for trading:
https://www.chainrift.com/trading?coinpair=SNAX/EOS&
I hope that ChainRift exchange listing is just the first step and many more exchanges will list SNAX in the future months.
I think most Steemians by now know what SNAX is. If not, let me repeat myself - SNAX is a token of Snax.one - a project which so far rewards social media engagement on Twitter and Steem but will be adding other social networks soon (YouTube, Reddit, Instagram etc.).
The price of SNAX after the first day of listing has been 0.00009 EOS or $0.00061011 USD and the 24 hour trading volume has been 12 EOS worth of SNAX.
In one month for my Steem activites I have been rewarded 83112 SNAX so far. Based on today's prices that's over $49 USD.
Just think about this - $49 USD for doing nothing extra, just steeming like I've been used to.
Of course, people have been selling large amounts of SNAX yesterday and today the price fell 10 percent.
Everyone who has experience with new tokens being listed on the exchange knows that on the 1st day of trading there is a big dump as people try to get rid of their accumulated tokens in a hope of making a few quick bucks. And maybe in a fear that their project won't go anywhere in the future.
So now @snaxteam has to figure out a reason for people to hold on to their earned SNAX instead of selling them right away.
Maybe staking them for larger rewards would be a wise thing to do?
Any other ideas?
Posted using Partiko Android
Wow. $50 is a cool bucks I must say
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is nice. Of course I won't be selling them now...
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Not a bad bit of extra income for doing nothing more then what you already do!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes and hopefully the price of SNAX will rise some day.
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit