Getting Scooby Snax

in #snaxbountyprogram5 years ago

This is a pretty cool idea so I am going to take part in this little experiment in crypto distrubution, Snax. I know that a few people have posted about this already but I figure, the more the merrier.

Essentially, what Snax is doing is distributing tokens by rewarding activities that people are performing on social media. After sign up (this is the signup for Steem), it appears it is a "set and forget" kind of deal where you can then continue on using social media as you do and will have Snax tokens distributed automatically.

It appears there are a few algorithms they have at play in order to analyse and rank various activities and record it on a smart content. Then through a distribution round, they will credit the tokens to that account.

I have always wanted a token that can interact across any platform and Snax looks like it is at least a good first step in that direction. What I am hoping to see is that these kinds of initiatives are able to start getting people accustomed to using tokens and recognizing that their content does indeed have value, even though the centralized platforms themselves are not passing that on to their users - whom they value so much.

In time, this kind of process is going to become even more automated I believe and there will be all kinds of distributions that will work on various oracles to reward people for their various activities. It will be interesting how SMTs are going to look to integrate themselves into our world and empower lives.

If you are interested in taking part, here is their post for the Steem announcement and their distribution post that appears on Medium can be found here.

Let's see what they are able to achieve and if it funnels anyone to explore media delivery blockchains a little more.

Taraz
[ a Steem original ]

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whom they value so much.

Like a farmer values his livestock.

A farmer fattens them up, not trims them down.

In the end, the farmer will take everything.

The inevitable end to the Animal Farm life.

This is a greatbone for me as Twitter is the only other social media I use somewhat so integration would work fine for me.

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I don't really use twitter so it is just Steem content, so not much engagement? :D

Thanks for the heads up! A nice idea, I think. I have linked my Twitter account with Snax. Are you thinking about integrating snax with your steem account or with your twitter account?

But I have a doubt also: don't you think 100 billion tokens is too much to have any significant value?

I'd like to test a snax transaction by sending a few tokens to you. What's your snax username?

I haven't signed up for the claim yet, but I will tonight. Only steem so far.

100b is a lot for monetary value but there may be utility value later, like access to different types of content or, subscriptions. Tokens can gamify for engagement and attention.

I hope the team won't stay anonymous for long if they want to get credibility and a good reputation.

I like the idea of all this intermediary stuff ("all this" only other one I know about being BAT XD). Could get behind this if I could figure it out XD

For Twitter, it is a sign-up on their site. Steem, 1000 characters at least and the tag I used.

I'm assuming the first tag? I think I read somewhere that you had to write about Snax too, which would be me out as I don't write about anything XD

I might take a look... Curiosity piqued.

Posted using Partiko Android

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