SNIP: SEE THE NEXT BIG THING TODAY
Now here’s snip, a platform providing high quality, up-to-date information on topics, interests rather than other articles designed to take your time.
HOW THE WHOLE SNIP THING WORKS
This platform can be used by advertisers, readers, writers etc. The snip platform makes use of snip token (Snip coin). How this will be used on the platform is that. Advertisers will pay snip coin in order to buy as space. Also readers can also use snip coin to buy ad free snip and also unlock other premium content such as snip audio and professional content. For writers, you get rewarded for content by earning snip coin. Snip works in form of a cycle such that “The more people buy, the more writers earn”. The more the user brings about more income for writer and in return more content for users .
https://www.youtube.com/watch?v=iy_6QAwFd9A
FEATURES OF SNIP
Most of snips feature has been discussed above but allow me to list them out.
- Reward for great works: Snip will reward writers for great contents.
- Personalized: Snip has this great feature in which each user can personalized their news feed.
- Decentralized : Snip is owned by the community without editors or moderator. There’s no central controller.
- Concise: Snip provides high quality content to impact readers in short time of reading.
- Transparent: open source algorithm allows users to control what they see and remove unwanted contents
- Diverse: Snip contains a lot of topics all in on place.
A big thumbs up to snip. Great features.
ABOUT TOKEN SALE AND DISTRIBUTION
To raise the funds required to continue platform development and maintenance,
a SnipCoin crowdsale will be held on September 29th, 2017, at 23:00 UTC..
● Our goal is to raise $8 million USD (hard cap). Upon reaching the goal the sale
will stop and no more contributions will be accepted.
● The minimum goal for the crowdsale is $0.8 million USD (soft cap).
Contributors will be refunded if the goal isn’t reached.
● The duration of the sale will be no more than 30 days.
● 10 billion SnipCoins (SNP) will be minted, of which 80% are designated to
the community and the contributors. The initial distribution of tokens will
be:
○ 28% is available in the crowdsale.
○ 30% will be sold in the future token sale and will be locked for 3 years.
○ 21% is reserved for the initial pool of contributor rewards. This is kept
in a time-locked vault and released every month according to the
amount transferred to the contributors during that month, with a hard
limit of 90,000,000 SNP. A portion of the contributor reward pool is
reserved for community developers (bug bounties, contributing
algorithms, etc).
○ 20.5% is designated for the Snip company and will be used internally
and for advisors and partner companies. Snip employees and founders
will not hold tokens prior to the sale and will not be rewarded with
tokens in the first 6 months after the sale. In the period of 6 to 12
months after the sale, Snip employees and founders will be rewarded
with no more than 4% of the total tokens.
○ 0.5% is designated for the Snip bounty, helping to spread the word
about the Snip platform before the crowdsale.
Useful links
Official webpage: https://snip.network
Whitepaper: https://www.snip.network/Snip_Whitepaper.pdf
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1082634