SNAX Blockchain - What You Should Know. (+5 million SNAX airdrop is a big pie, get yours.)

The present state and pace of technology has rendered us to an era of numerous blockchain projects with promises to subsequently revolutionize the world. It is quite easy for people in the cryptosphere to get caught up, mis-informed and/or distracted from the blockchain(s) that are actually solving real world problems. This is because every blockchain in their distinctive-ness share few common features which are immutability, transparency and decentralization, however, these features do not guarantee the success of the blockchain.

There are different factors that constitutes the success of a blockchain, inadvertently a blockchain is only successful when it fulfils or is evidently fulfilling it's intended purpose. When researching a blockchain, it is reasonable to go through its Whitepaper, this helps to give a broad idea about the Intention of the blockchain. Notice the emphasis on Intention, this is because even the blockchain itself is an evolving technology, continuously revealing new capabilities, as a result, many projects which are not fit to handle unexpected irregularities fall short of their intentions, while others succeed exceedingly.

One of the unique blockchain(s), whose intention surpassed mere speculation or vision and has been brought to realization is the SNAXBlockchain. The evolution of the Snax blockchain began in November 9, 2018 and has since then been through series of developmental stages to arrive at what it is today - A blockchain platform created for people to receive rewards for their online social activity.

Modern age advertisements are highly dependent on tools like the social media for organic engagement and sales, the idea is that the world has literally become a global village, and through various social mediums, people are able to connect with others around the world at the speed of thought. This makes the social media space a hot-spot for business owners, entrepreneurs, brand ambassadors and individuals to network and actively share their thoughts, thereby providing data and generating huge amounts of revenue in favour of the social media platform owners alone.

Snax is designed to be a blockchain-based social overlay which rewards content creators on popular social platforms with one block being produced every 0.5 seconds. source.

The intention of the SNAX blockchain is to revolutionalize this existing model of favouring only the social media platform owners and create an avenue for content creators to be rewarded with the digital currency called SNAX tokens by evaluating their social interaction and content engagement on any public social media platform.
To accomplish this, the SNAX blockchain works as a decentralized application which applies an Overlay Technology Solution to integrate itself into already existing social mediums/platforms to monetize the value of content submitted to that platform.

I first found out about the SNAX blockchain from a Steem Witness and Snax block-producer Dragosroua, few months ago, It seemed like a great project so I took interest in it. Other blockchain projects that aim to monetize content and reward content creators have one thing in common, they all have different separate platforms to enable them achieve that aim, which is fine, what's not fine is that they each have to compete for users of other existing social media platforms.

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(Comparing Twitter and Steemit as an example,
Twitter now has 126 million daily users, up from 115 million one year ago, Source. Steemit will probably have that much in 5 years time. Not to talk of how many Faceboomk.)

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This was the unique factor that sparked my interest in SNAX blockchain, the project took a different approach that makes use of overlay technology allowing the SNAX decentralized application to seamlessly fit into other existing platforms like Twitter without having to disrupt the existing media system. So right from my Twitter account and usage, I can earn SNAX tokens. Now tell me your interest isn't sparked. So I went to the SNAX blockchain website to get myself an account and linked it to my twitter account, I received my first 50 SNAX tokens as a result of the twitter integration launch bounty that was going on and I've been receiving SNAX tokens into my SNAX wallet since then based on metrics from my tweets.

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_{Wallet balance since I linked SNAX blockchain with my Twitter account}

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They may look small in quantity, that's because I've just begun re-building my twitter audience/engagement, however what's big is that SNAX blockchain is about to distribute 5 million tokens in a Steem Bounty Program, which you cannot afford to miss. SNAX blockchain is being integrated into Steemit so users can earn SNAX tokens from their engagement and content creation on the steemit platform, now how big is that? We will get to this in a bit.

SNAX Token

I know at this point, all you want to do is jump right in, but hold on, let's get familiar with the SNAX token, so we can see if it's worth the hold, for me, it's totally worth it, I'd rather have a bunch of small tokens with big dreams and a steady serious team with focus on development, than a bunch of over-hyped coin that time will root out. The token aspect of every blockchain is always a major interest to users, especially at the inception of the project.

There are two main ways to earn SNAX tokens: by becoming a block producer for our network, or by monetizing your activity on the social networks through publisher rewards. source

Monetizing your activity on the social networks through publisher rewards means that every post/content that generates heavy activity either by having influential followers engage with them, or by having a lot of engagement over time is liable to attract rewards in SNAX tokens. Also being a block producer gives the user more influence in he platform, as they are responsible for signing blocks and have large voting power. In the second stage of emission, block producers receive a fixed amount of the total 2'000'000'000 tokens emission every year. To find out more about being a block producer click here.

HOW TO SIGN UP

• Go to SNAX website

Before going to the next step, you have to ensure that you have SNAX extension installed. This can be gotten from Chrome web store.

• Sign up with email or twitter account, it's better if you do with twitter, this enables you to get SNAX token airdrop for signing up.

• After installing the extension, clicking on it drops down the dialogue box with a yellow button signifying go to wallet
• Clicking on that button opens up the space for you to type in your password.
• This opens a new webpage with your account information just as shown in the image above. It shows the insight on the activity generated by your posts in the connected social medium.
• Go on and begin to engage with your social network, watch your rewards roll in.

REMARKS

• SNAX blockchain took a different approach on decentralizing social media, with the Overlay Tech Solution, I don't have to leave my existing social media platform where I've grown a form of audience over the time before I can monetize my content with the blockchain, with SNAX, the application of blockchain to rewarding content can be done even from my twitter account and steemit, others like medium and instagram still to come.
• Signing up is so easy, and you don't really have to be doing anything on the platform itself, just face my business and engage as I should.
• Users can use the SNAX token to reward their favorite content creator or content, the person receiving the reward does not even have to own a SNAX account, all for free. Users can send SNAX within themselves fast and for free.

Don't you just love when a dev team is keeping up with their plans? This is SNAX blockchain's roadmap and from what I can see, it's simple, direct and it's strictly followed, once again this shows a serious and focused dev team, and if you're not bullish about the project, I totally am.

CONCLUSION

Integration with existing social mediums is an amazing idea, but like every other content reward system both centralized and decentralized, only those with high followership and engagement will benefit the most, leaving out those with only a few. I hope the distribution can suit everybody though I doubt that, however I'm stoked about this project and where it's headed.

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SNAX BOUNTY PROGRAM

Steem integration will take place on May 14th and this comes with a special bounty for steemians. 5 million tokens will be distributed and you can have your share just by writing a short post about Snax on Steem, in more than 1000 words, adding tag #snaxBountyProgram. To read more about the bounty, read here.

There is also a neat rewards calculator, which takes into account the number of subscribers (which probably translates to the number of followers, on Steem), and, for instance, if you have 1,000 subscribers you get exactly 1018.6769 SNAX.
Source

There is also a rewards calculator on the link above that shows the amount of SNAX tokens you might receive. I'm sure getting myself some SNAX, how about you?

Thank you for reading.

Images are screenshots by me during the app usage, while others are specified.

Link to SNAX blockchain github repo

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