SNAX - A Decentralized Social Media Overlay

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Prior to when Snax released their mainnet, about 250 persons have utilized it, and since then the numbers have kept on increasing. Interestingly, Snax is now integrated on the steem platform.

Snax is a decentralized blockchain-based social overlay that was designed to reward content creators on trendy social media platforms such as; Instagram, Facebook, and Twitter, with the sole aim of setting up an economy of people's social interactions.

The idea of this platform was designed to use social interactions as a means to donate money to content creators or, pay bloggers, and lastly; using the Snax tokens to draw the attention to issues they find very important.

That's not all, the platform also allows it's clients to carry out instant and free micropayments in the absence of having to ignore their favorite social platform. Also, Snax gives developers and creators the ability to approach the Snax blockchain with hopes of creating decentralized social applications.

The platform serves as an overlay solution

Just as the topic dictates... Snax platform works as an overlay solution for already-made established social platforms such as Reddit, Twitter, and Instagram. However, the platform allows users to transfer their tokens to users from any social media platform that has been integrated with the Snax platform.

The recipient of the tokens doesn’t have to be registered on the platform since once they login on the platform, they can claim the tokens sent to them.

How it works

Before one gets approved on the platform, users are required to verify their identity as the sole owner of the social media account with hopes of enjoying the benefits of the Snax platform. However, sending tokens via Snax is as simple as sending a text message on Twitter or Facebook. It's completely simple!

As more and more users jump on the Snax bandwagon, the value increases. This is true because the principle of the Snax economy is absolutely built on the principle whereby as more and more users utilize the platform, the more value and worth the chain will increase.

The Snax platform also has a browser extension that allows users to send Snax tokens with a few clicks. This singular act will definitely lead to the mass adoption of cryptocurrencies due to the reduced complexity of sending and utilizing these tokens.

Earning tokens on the platform is quite simple. Interested users that desire to earn more Snax tokens can get some by becoming a block producer on the platform, or by simply monetizing the activities and whereabouts on the social media networks via the publisher rewards.

Conclusion

It is true that the Snax team is out to create a great blockchain platform with physical potentials. It'd be wise to be an early adopter of this great innovative platform, this is because the platform will be an innovative user-friendly blockchain system without an Initial Coin Offering (ICO).

Disclaimer:

This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.

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