30 Days Writing Challenge, Day 3: What Do I Think About The SNAX Reward Algorithm?

in #snax5 years ago (edited)

As a Math teacher, looking at the SNAX formula, i would recommend to give few examples :
User A on Twitter with 500 followers make 5 tweets in 1 week with 2 likes and 3 retweets, he will earn x SNAX. Each variable has such a value.
User B on Steem with 200 followers make 4 posts in 2 weeks with 5 replies and 4 upvotes, he will earn y SNAX. Each variable has such a value.

Other while , it not possible to get a clear representation of the value of FWC, ARC or ERC in few hours except for a math genus. It would take several days to get a correct representation for a Msc and the majority of users will not succeed anyways.

As an experimented crypto user ( 3 years in crypto with more than 10 cryptos in 5 or 6 different wallets is experimented…), I can see that I do not get any SNAX based on the interactions of my tweets and posts for the last 3 weeks. So of course, I don’t like it. SNAX is still in a very early stage and it is not important for me, but the many users are not patient.

The big subject is how to fairly redistribute the wealth
https://steemit.com/asa/@chrisaiki/how-to-fairly-redistribute-the-wealth

Will SNAX find the right algorithm to do this ?

Creating a trans-platform currency is an excellent idea. This is why I am participating to this 30 days challenge. To implement this idea will require creativity and work.

The white paper says « In total 100 000 000 000 of SNAX will be produced in the 1st stage of the supply emission. » Which content creators will profit the most from this issuing ? Blog writers, developpers, project managers, node runners, artists ?

How can we use SNAX to solve the big issue of energy transition, eliminate poverty or cleaning the planet ? If SNAX is just another currency on EOS, dedicated to speculators or bounty seekers, it will not succeed.

I am sure SNAX founders have bigger ambitions. Will they be able to fight the next FB coin or the next MEOS Steem killer ? Is SNAX the token that will power MEOS ? Maybe @Dan is a founder of SNAX ?
We will probably know more at the end of the month.

I note that SNAX has a 4,25 billion strategic reserve. What is the SNAX marketing plan to make SNAX a popular token ?
Does SNAX has some whales that will pump SNAX up ?


snax_30D_logo.png

The @dragosroua 30 days challenge is a much better tool for my personnal SNAX wallet (chrisaiki) than the SNAX algorithm.
See you tomorrow.

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Update :

8 likes and no SNAX :(

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