Maybe you have been seeing the Snax Authentication posts lately. I made my post a few hours ago. If you want to check it out, click here. For access to the complete SNAX FAQ, click here.
In the remainder of the posts, I will address some high-level questions regarding SNAX and the SNAX Token.
What is SNAX?
Snax is a new blockchain that was created so that ...
- users can be rewarded for their social activity.
- users can send micropayments (free and instantaneously) without leaving their favorite social platforms.
At present, SNAX can only be utilized on Twitter, but I anticipate more social media platforms will be integrated in the future.
How can someone start using SNAX?
The following are requirements for using SNAX:
- A computer running Chrome browser
- A Twitter account or Steem Account
- A Snax digital wallet (available in Google Web Store)
After downloading the SNAX digital wallet, you will have an opportunity to earn SNAX tokens by connecting your Twitter and/or Steem accounts. I received 50 SNAX tokens per account connected (for a total of 100 SNAX tokens).
Can a user continue to earn SNAX tokens?
By creating engaging content a user can earn more SNAX tokens.
During each scoring round, a variety of parameters are used to calculate the engagement factor of a user. Attention rate is the primary factor. Then the user is then rewarded with tokens based on the rewards calculation.
What else can we expect from SNAX in the future?
- Regular Publisher Rewards for Steem
- Regular Publisher Rewards for Reddit, YouTube
- Social Transactions over the most popular platforms
- Listing SNAX to third-party exchanges
I am still learning about this process but look forward to the adventure. Let me know about your experience in the comments section.
Thanks for stopping by!
@SumatraNate