Snip.Network; launched in 2016, it is a blockchain based news site. The main feature of the site and the feature which marks it from the tons of other news sites is that your news is delivered in “Snips” delivered via Blockchain tech. Snips are simple to read sentences, short of snippets, which rapidly summarize the vital news stories.
Snip’s news is made by a community of writers. You acquire a personalized feed complete of snippets that means you not at all miss a story you’re care about again. The platform was actually created on centralized servers. Nowadays, with Snip 2.0, developers aim to merge the network with Blockchain technology. Snip already have more than 1,000 paying subscriber, 25,000 active users, and about 2,000 new snippets.
How does Snip work:
The ecosystem of Snip revolves around SnipCoin (ERC20-Complaint Token). Here’re 3 basic parties involved in the Ecosystem of SpinCoin.
- Writers are rewarded with SnipCoins when they create fine snippets
- Advertiser will purchase advertising space applying SnipCoins
- Readers can tip writers or pay for premium services with SnipCoins, like an ad-free browsing, professional content and personalized audio podcasts or
Snip network itself is a user-generated platform. Everyone can write a new story, a snippet or snip about any kind of topic. Users can search existing stories about matters they care about. Using Snip you can stay up to date on a bundle of topics, including all from politics, sports, tech, philosophy, art and more. Mostly content on the snip has a shorter. They’re designed to be speedy readers that currently the most vital info about a particular matter. However, writers are free to submit content on all length they select.
Snip features:
clearly, websites like Twitter and Reddit previously exist a curated news feed of snippets to consumers. What makes Snip network different? Here's few of the feature of the platform as outlined in the Snip network Whitepaper:
Content Creation- snip rewards stories that offer sole insight into a topic. Stories that copy material from an existing news story will keep on the IPES platform, but they would not appear on the Snip Network. The writer gets a notification and materially contributes are asked to give references to stories. If the writers select to do so, they can share income with a reference source.
Freedom Of Speech- a community of snip will enjoy the freedom of speech with no centralized authority. Snip will not at all censor material on the network, and consumers will never be banned.
Personalization And Content Filtering- consumers can apply snip to see what they wish to see. Snip's individual feed comes fully with customized material thanks to the Algorithm. The Snip Algorithm is designed to make sure that the feed contains a huge proportion of articles that interest the readers.
Multiple Categories- snip network will apply categories to help the algorithm type through related news stories. Few of the sample categories include science & technology news, banking news, politics and Live Sports.
Snip Conclusion:
Snip network is a social platform on the Block chain. It goals to provide and useful news source for users through, censorship-free system, personalized feeds, and transparent blockchain tech. The ecosystem travel through SnipCoins that can be applied for tipping or purchasing advertising slots on the network.