A Overview of SNAX
Maybe you have been seeing the Snax Authentication posts lately. I made my post a few hours ago. If you want to check it out, click here. For access to the complete SNAX FAQ, click here.
In the remainder of the posts, I will address some high-level questions regarding SNAX and the SNAX Token.
What is SNAX?
Snax is a new blockchain that was created so that ...
- users can be rewarded for their social activity.
- users can send micropayments (free and instantaneously) without leaving their favorite social platforms.
At present, SNAX can only be utilized on Twitter, but I anticipate more social media platforms will be integrated in the future.
How can someone start using SNAX?
The following are requirements for using SNAX:
- A computer running Chrome browser
- A Twitter account or Steem Account
- A Snax digital wallet (available in Google Web Store)
After downloading the SNAX digital wallet, you will have an opportunity to earn SNAX tokens by connecting your Twitter and/or Steem accounts. I received 50 SNAX tokens per account connected (for a total of 100 SNAX tokens).
Can a user continue to earn SNAX tokens?
By creating engaging content a user can earn more SNAX tokens.
During each scoring round, a variety of parameters are used to calculate the engagement factor of a user. Attention rate is the primary factor. Then the user is then rewarded with tokens based on the rewards calculation.
What else can we expect from SNAX in the future?
- Regular Publisher Rewards for Steem
- Regular Publisher Rewards for Reddit, YouTube
- Social Transactions over the most popular platforms
- Listing SNAX to third-party exchanges
I am still learning about this process but look forward to the adventure. Let me know about your experience in the comments section.
Thanks for stopping by!
@SumatraNate
Glad to see you jumping on the train.
Oh, by the way, Steem rewards are already implemented ;)
I have a pile, but what can we do with them?
Hi, @slobberchops, I am from @SnaxTeam. At the moment users can send SNAX to friends and favorite Steem and Twitter bloggers. You can also vote for Block Produсers and purchase of network's computational resources to create Dapp. Snax is not listed for trade on exchanges yet, but we are negotiating and working on it.
Thanks for the info :)
I made the wallet and get 50 for my twitter integration,
still not very sure how it works tough. lol
Hi @sumatranate!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.240 which ranks you at #2665 across all Steem accounts.
Your rank has improved 12 places in the last three days (old rank 2677).
In our last Algorithmic Curation Round, consisting of 159 contributions, your post is ranked at #84.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server