This is the third question / topic of the 30 days writing challenge I announced a couple of days ago. The total amount in prizes is 90,000 SNAX and it's being distributed as 3 daily prices of 1,000 SNAX each. For all the details, please check this post.

The most important part for me in the SNAX ecosystem is the multi-network, lose coupling approach. New blockchain-based social networks, like STEEM, are basically forcing writers to relocate on the new platform, starting their audience building efforts from scratch. Well, almost. If you do have a large followership on other social media sites, you could definitely promote your new network, and many prominent bloggers are doing that. But there are inherent problems with this: the latency of users, the "walled garden" limitation (meaning Facebook, for instance, will rank lower posts which are including links to their competitors) and the "beehive" mentality (people tend to stay in the biggest crowd and leave their traditional place very slowly).

So, SNAX creates a layer on top of this and allows you to receive rewards while still keeping your traditional audience.

The second thing that I like is that the rewards algorithm also takes into account more metrics, like number of interactions, reach, etc. There are many details related to the rewards pool on SNAX and I don't want to polarize the discussion around my post. Instead, I want you to have a long look at the whitepaper and let me know what are your thoughts about it. The main part dealing with rewards is between pages 5 and 7.

IMPORTANT: please state your SNAX username in the post, so I know to which account to send the prize, should you be amongst the lucky winners! Thank you!

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You can start writing your article for the challenge right now (some of you already posted, nice), the time window is: Monday 22th May, between 00:00 UTC and 23:59 UTC.

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I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

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