Social media has been considered to be an online world where everyone can easily meet. Since the creation of social media, several platforms have been established to deliver the aims in which social media was said to be created. Adaption to these social media platforms happened very quickly, because it was seen as an avenue to easily reach the world. Social media began to grow rapidly and people began to explore more features of the platforms.
Activities on social media platforms weren't just limited to publishing of media and chatting which it was considered to be. We can observe now that social media has gone beyond its primary aim of creation. Individuals now make use of their social media accounts as a means of advertising, blog publishing, video tutorials, and many more. But the major challenge faced by these social media users was that there was no form of incentive/reward to help then earn/makeup for the time spent on these platforms. This then brought about a new initiative called Snax.
What is Snax?
Snax is a blockchain platform. It was created for people to receive rewards for their social activity (tweets, Instagram posts, and so on) and to make instant free micropayments without leaving their favorite social platform. Developers can use Snax blockchain to create decentralized social applications (social dApps).
Now let's consider three aspects in which this new initiative will revolutionize the Social media world.
1. Increase in the rate of Account's value:
Talking about account value, it simply means the importance or worth in which a social media account holds. Individuals have placed less value on their social media account and because they can easily create a new account within the quickest possible time. There's certainly no limit to which a social media account can be created. This has led to abuse on various social media platforms.
With the introduction of Snax, individuals will tend to be more careful with the handling of their social media account because only a verified account can be paired with Snax. Everyone definitely wants to earn something for what they do. If you can't get your account paired with Snax then you're definitely gonna miss out. Which I believe no one wants to. So this will help to caution users to stick to a single and verified account. And the only way to achieve that is to value your account which will make you jealously keep your account password securely.
2. Increase in the rate of Valued content:
Based on the establishment of social media, there is no discrimination to the type of content that a user can publish on their account. You can't be queried if you choose to publish what is good or what others may regard as bad. A lot of social media users have abused this opportunity and published various content that is not suitable for viewing.
Snax will only reward valued content i.e. content that is capable of making an impact. So I believe most social media users will comport themselves in order to earn themselves decent Snax tokens from their social media activities. Which means if everyone is trying to earn themselves Snax tokens, then everyone will definitely be publishing valued content.
3. Increase in the rate of level of Interaction & Engagement:
Some individuals just want to speak out to others hearing, but will never care to listen to what others have to say. This has been considered to be one of the bad habits of a social media user. A social medial user who exhibits such behavior will certainly not benefit from Snax i.e, won't be opportune to earn Snax tokens. Because it was clearly stated on Snax website that more interaction and engagement helps to earn more Snax tokens.
How can I earn SNAX tokens?
There're 2 basic ways:Keep creating content interesting for your subscribers. The more interactions your post causes (comments, likes, reposts, and so on), the more your Publisher Reward is.
Become a Block Producer. More information about Block Producers Rewards you can find in Snax whitepaper
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So I believe most social media users have actually been looking for a way to earn from their social actives and would definitely not want to jeopardize their means of earning to less interaction and engagement. So therefore they will be stirred up to increase their level of interactions and engagements.
Knowing the benefits and opportunities Snax holds, It would be an honour to say a big kudos to the team. It's glaring with this new initiative by Snax that lot more is about to change about Social media.
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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.
