If you're on Steemit or Sola you are no stranger to "Concept of Value". This is the ideology that valuable content should be rewarded.
As social media becomes more intertwined with our everyday activities, we find more uses for it. Instant notifications, speedy proliferation of news, life(and also relationship saving) reminders of birthdays and anniversaries.
Social media also allows us to locate and reconnect with long lost friends and family.
Snax is a blockchain platform created for the major purpose of enabling people to receive rewards for their social activity. These include posts, tweets, Instagram posts, etc. Snax also allows users to make instant free micropayments without being redirected from their social platforms. Developers can use Snax blockchain to create decentralized social applications (social dApps).
Using a simple wallet interface that is integrated into your browser(Snax.One), users can simply link their social media to their Snax wallet and the Snax algorithm with evaluate their social presence and accordingly reward them for their social activity.
Users with great influence (many followers, good feedback) will obviously make more rewards. Snax.One is a web3 application, that works locally on your computer, connecting directly to the Snax blockchain.
It functions as an extension on your browser and doesn't store any data related to your Snax blockchain account.
Snax rewards users with Snax Tokens. These tokens can be earned by creating quality posts (content publishers) and by being a block producer(mining). You can read more about being a block producer in the Snax whitepaper
You also get a signup airdrop bonus of 50 Snax when you register your account. Please note that at of the time of writing this article, Snax supports only Twitter. However, they plan to expand to accommodate other social media platforms such as Instagram and steemit.
Apart from earning rewards for your own content, Snax also allows you to reward your favourite publishers by being able to tip them or send them Snax tokens as a means of appreciation or encouragement.
STEEM BOUNTY PROGRAM
Snax has launched a bounty program on Steemit. Simply post and create great content about the project to get rewarded with Snax tokens. Read more about the Snax Steem Bounty Program here.
Check out the Snax Website and read their whitepaper to be a part of this wonderful opportunity. One cannot stress the importance of being an early bird in crypto.
You can also reach them on their social media accounts to speak with the Snax team directly.
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DISCLAIMER
The information contained within this post is not to be taken as financial advice. I am not a financial advisor and none of your investment decisions should be carried out based on any information presented here. Please do your own research before investing in cryptocurrencies or any digital asset. You can lose all of your money by investing wrongly. The information presented in this article is for educational and entertainment purposes only.
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