Q06 — What Are The 3 Most Plausible Use Cases For The SNAX token?
Being a token, SNAX is actually a value vehicle. We can use it as a medium of exchange. What value can we exchange?
It would be natural, in the very beginning, to exchange it for a social influence. The way of connecting SNAX to to socail media platforms, itself suggests that it will be used this way. You may witness the first attempts: Look how someone tried to bribe realDonaldTrump with a massive donation of 0.0004 SNAX…
…probably expecting a piece of SNAX cake out of his Twitter memoires when his second term expires :)
Gaming
As a matter of fact, I made big mistake when I have heard of bitcoin for the first time. I thought it was a kids money for their games. And I was not the only who thought so. Well, why not use that instinct and make a nice game out if it… At least for starters. I’m not a gamer for the last 30 years, but as I can understand, modern games have their own, and very developed ecosystems, which may be quite a foundation for kids to exchange values through SNAX in a simple way, using social platforms, and without having to keep each other keys. So, the second use can be in gaming. Not only Minecraft — Imagine Internet chess tournament with rewards in SNAX. Very easy to organize and promote SNAX. Imagine betting exchange dApp with SNAX rewards.
Business Promotion
Do you have a company? Want to promote your business? You need advertising? That was the way bitcoin was used before it became a store of value. Remeber faucets? It’s a fairly simple, but very effective way to promote your business without high costs, and promoting SNAX itself. It’s a perpetuum financiale — in a bit joking way.
Payments
With a social exposure, gaming generation adopters, and faucets, comes awareness. Let many people know about your token, and they will find the use. Payments with this free and extremely quick token would then be a logical extension of this functionality. Whatever value it gets at the beginning, it will make it useful. It will never be used as a store of value (that place is reserved for bitcoin), but it certainly can do what bitcoin can’t — immediate rewarding through social media platforms between people you know. Remittences? Easy. Accounting unit? Just use bitcoin again.
Lambo? Never!
And one day we will all have… Forget Lambo. Our @chrisaiki has much better idea. It is called Lightyear One
https://snax.one/steem/lighteye
Comment as you see fit!
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Linked posts:
Q05 — What Are The Most Plausible dApps You See Developed On The SNAX Blockchain?
Q04 — Where Do You See The Price Of SNAX In 6 Months, 1 Year And 3 Years? Why?
Q03 — What Do You Think About The SNAX Reward Algorithm?
Q02 — What Was The Most Difficult Part In Linking Your Account With SNAX And How Could This Process Be Improved?
Q01 — When did you first hear about SNAX and in what context?
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Universal Basic Income
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Snax.One Wallet
Ahahahahh, I love the "massive donation"... is it yours?
Well done, mate: awesome post!
Of course not, @amico. I wouldn’t give him anything but farewell party ;)
Ahahahhahahh, good! ^_^