What is Snax and is it Safe? by culgin

View this thread on steempeak.com
· @culgin · (edited)
$27.70
What is Snax and is it Safe?
If you head over to the #snaxbountyprogram tag, you will find hundreds of posts written on [Snax](https://snax.one). Being curious, I went on to learn more about it.

---

## What is Snax?

According to the team, 
>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).

Snax is built on top of EOS and just like Steem, they believe that there is value in content created on social networks and users should be rewarded for them. However, instead of creating a content creation platform, they decided to use an overlay and integrate with existing social networks instead. Over in this article, [they compared themselves head-on with Steem](https://steempeak.com/steemit/@snaxteam/decentralizing-social-media-rewards-steem-and-snax-comparison).

By connecting to existing social networks, Snax reward authors with SNAX tokens for the value the author provides. "Value" is determined by attention rate which the team defines as,
>Attention Rate is a metric that being calculated for every post separately. It shows how much attention this post has received and can be calculated on the basis of interdependent factors:
>- quality of the audience of your social media account
>- amounts of interactions with the post (likes, comments, reposts)
>- quality of interactions with the post (who made a comment, and/or reposted)

So far, Snax has only integrated with Twitter and they will be [integrating with Steem on 14 May](https://steempeak.com/steem/@snaxteam/snax-integrates-with-steem).

---

## Is Snax Safe?

To register on Snax, you need to make a Twitter post. Once done, you will need to create your wallet which requires a Chrome extension. After that, you will just need to unlock your wallet in order to login to the site and see your earnings.

<center>![image.png](https://files.steempeak.com/file/steempeak/culgin/a2sIiLmL-image.png)</center>

While everything seems to be easy and simple, I am particularly concern about the fact that a browser extension is required for this to work. Browser extensions are very powerful applications. With the right permissions, they are able to intercept all your web traffic and even access your clipboard. Snax is not a well known name yet and it is always wise to read deeper into the extension I just installed.

Using [CRXcavator](https://crxcavator.io/report/dolcmddbbplempeembpecnpllnbgjlal/1.0.1), I found that there are no known vulnerabilities on the extension. However, the permissions required did get me slightly concerned.

<center>![image.png](https://files.steempeak.com/file/steempeak/culgin/SABHRL2e-image.png)</center>

First, the "webRequest" permission is required. Chrome [webRequest](https://developer.chrome.com/extensions/webRequest) permission allows the browser to intercept and even modify your web traffic. However, this permission is only requested for the [Snax](https://snax.one) website and Twitter. While I can understand that this permission is perhaps required to login to the Snax website, I am baffled by why it is required for Twitter.

Next, they also requested for the "clipboardRead" permission. I also find this puzzling as I do not see any functions which the extension offers that require this. Having this permission will allow the extension to read what is in my clipboard, which may contain sensitive information such as passwords.

---

## Conclusion

I have yet to read Snax's whitepaper in detail to understand what they are trying to achieve. But based on their [roadmap](https://snax.one/roadmap), I supposed they want to be a platform where social influencers are rewarded for their content and advertisers can make use of SNAX tokens to get these influencers to write about their products. It will be some kind of a decentralized social media advertisements marketplace. 

Overall, I think Snax is an interesting project. The cool part is that they did not conduct an ICO and they are distributing their tokens through various airdrops and bounty programs. Just like the one they are [running for Steem right now](https://snax.one/promo/steem-bounty). However, since they are a relatively unknown project with an anonymous team, we need to be really careful when it comes to using things that provided by them (e.g. the Chrome extension). While I see no harm in signing up, I recommend to disable the extension when you are not logging into their site. Just to be safe :)

Thanks for reading and do let me know your thoughts on Snax.

---

This article is created on the Steem blockchain. Check this series of posts to learn more about it and start writing on an immutable and censorship-resistant content platform:
- [What is Steem? - My Interpretation](https://steempeak.com/steem/@culgin/what-is-steem-my-interpretation)
- [Steem Thoughts - Traditional Apps vs Steem Apps](https://steempeak.com/steem/@culgin/steem-thoughts---traditional-apps-vs-steem-apps)
- [Steem Thoughts - A Fat or Thin Protocol?](https://steempeak.com/@culgin/steem-thoughts---is-steem-a-fat-protocol-or-a-thin-protocol)
- [Steem Thoughts - There is Inequitable Value Between Users and Apps](https://steempeak.com/@culgin/steem-thoughts---inequitable-value-between-users-and-apps)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 229 others
properties (23)
post_id74,670,334
authorculgin
permlinkwhat-is-snax-and-is-it-safe
categorycryptocurrency
json_metadata{"app":"steempeak\/1.9.9","format":"markdown","tags":["cryptocurrency","snaxbountyprogram","steem","security","blockchain"],"users":["snaxteam","culgin"],"links":["\/trending\/snaxbountyprogram","https:\/\/snax.one","\/steemit\/@snaxteam\/decentralizing-social-media-rewards-steem-and-snax-comparison","\/steem\/@snaxteam\/snax-integrates-with-steem","https:\/\/crxcavator.io\/report\/dolcmddbbplempeembpecnpllnbgjlal\/1.0.1","https:\/\/developer.chrome.com\/extensions\/webRequest","https:\/\/snax.one","https:\/\/snax.one\/roadmap","https:\/\/snax.one\/promo\/steem-bounty","\/steem\/@culgin\/what-is-steem-my-interpretation"],"image":["https:\/\/files.steempeak.com\/file\/steempeak\/culgin\/a2sIiLmL-image.png","https:\/\/files.steempeak.com\/file\/steempeak\/culgin\/SABHRL2e-image.png"]}
created2019-05-13 13:29:15
last_update2019-05-13 13:30:12
depth0
children16
net_rshares53,328,514,318,923
last_payout2019-05-20 13:29:15
cashout_time1969-12-31 23:59:59
total_payout_value20.971 SBD
curator_payout_value6.732 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length5,424
author_reputation146,030,793,286,644
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (293)
@uyobong ·
Cool eye opener.
Thanks @Culgin
πŸ‘  
properties (23)
post_id74,672,181
authoruyobong
permlinkre-culgin-what-is-snax-and-is-it-safe-20190513t141427704z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"users":["culgin"],"app":"steemit\/0.1"}
created2019-05-13 14:14:33
last_update2019-05-13 14:14:33
depth1
children1
net_rshares19,654,752,241
last_payout2019-05-20 14:14:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length31
author_reputation152,913,012,544,965
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@culgin ·
You are welcome! And thanks for dropping by

Posted using [Partiko Android](https://partiko.app/referral/culgin)
properties (22)
post_id74,677,920
authorculgin
permlinkculgin-re-uyobong-re-culgin-what-is-snax-and-is-it-safe-20190513t162202406z
categorycryptocurrency
json_metadata{"app":"partiko","client":"android"}
created2019-05-13 16:22:03
last_update2019-05-13 16:22:03
depth2
children0
net_rshares0
last_payout2019-05-20 16:22:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length112
author_reputation146,030,793,286,644
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@partiko ·
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
properties (22)
post_id74,672,703
authorpartiko
permlinkre-what-is-snax-and-is-it-safe-20190513t143039
categorycryptocurrency
json_metadata{"app":"partiko"}
created2019-05-13 14:30:42
last_update2019-05-13 14:30:42
depth1
children0
net_rshares0
last_payout2019-05-20 14:30:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length213
author_reputation39,204,266,552,701
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@newageinv ·
$0.03
I am looking forward to seeing how influencers adopt this and what it could mean for Steem as it provides a great way to monetize our attention economies as they continue to grab interest from social networks and their ecosystems!  Thanks for sharing!

Posted using [Partiko iOS](https://partiko.app/referral/newageinv)
πŸ‘  ,
properties (23)
post_id74,686,313
authornewageinv
permlinknewageinv-re-culgin-what-is-snax-and-is-it-safe-20190513t194929931z
categorycryptocurrency
json_metadata{"app":"partiko","client":"ios"}
created2019-05-13 19:49:30
last_update2019-05-13 19:49:30
depth1
children1
net_rshares64,677,162,032
last_payout2019-05-20 19:49:30
cashout_time1969-12-31 23:59:59
total_payout_value0.024 SBD
curator_payout_value0.007 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length319
author_reputation109,928,704,812,170
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@culgin ·
You're welcome. The concept is interesting but the success of it will be highly dependent on how the team market this

Posted using [Partiko Android](https://partiko.app/referral/culgin)
properties (22)
post_id74,751,166
authorculgin
permlinkculgin-re-newageinv-newageinv-re-culgin-what-is-snax-and-is-it-safe-20190515t010316990z
categorycryptocurrency
json_metadata{"app":"partiko","client":"android"}
created2019-05-15 01:03:18
last_update2019-05-15 01:03:18
depth2
children0
net_rshares0
last_payout2019-05-22 01:03:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length186
author_reputation146,030,793,286,644
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@steem-ua ·
#### Hi @culgin!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your **UA** account score is currently 3.806 which ranks you at **#4453** across all Steem accounts.
Your rank has dropped 7 places in the last three days (old rank 4446).

In our last Algorithmic Curation Round, consisting of 192 contributions, your post is ranked at **#16**.
##### Evaluation of your UA score:

* You're on the right track, try to gather more followers.
* The readers like your work!
* Great user engagement! You rock!


**Feel free to join our [@steem-ua Discord server](https://discord.gg/KpBNYGz)**
properties (22)
post_id74,693,947
authorsteem-ua
permlinkre-what-is-snax-and-is-it-safe-20190513t225854z
categorycryptocurrency
json_metadata{"app":"beem\/0.20.19"}
created2019-05-13 22:58:54
last_update2019-05-13 22:58:54
depth1
children0
net_rshares0
last_payout2019-05-20 22:58:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length641
author_reputation23,203,609,903,979
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@quotes-haven ·
$0.03
Too much going on out there. Too much for my simple mind. I will just file this for reference later, and stick with what I think I know. :-)
πŸ‘  ,
properties (23)
post_id74,703,345
authorquotes-haven
permlinkre-culgin-what-is-snax-and-is-it-safe-20190514t032347898z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit\/0.1"}
created2019-05-14 03:23:48
last_update2019-05-14 03:23:48
depth1
children1
net_rshares64,749,399,385
last_payout2019-05-21 03:23:48
cashout_time1969-12-31 23:59:59
total_payout_value0.024 SBD
curator_payout_value0.007 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length140
author_reputation87,992,254,356,910
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@culgin ·
Haha.. that's certainly a wise thing to do

Posted using [Partiko Android](https://partiko.app/referral/culgin)
properties (22)
post_id74,751,145
authorculgin
permlinkculgin-re-quotes-haven-re-culgin-what-is-snax-and-is-it-safe-20190515t010211487z
categorycryptocurrency
json_metadata{"app":"partiko","client":"android"}
created2019-05-15 01:02:12
last_update2019-05-15 01:02:12
depth2
children0
net_rshares0
last_payout2019-05-22 01:02:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length111
author_reputation146,030,793,286,644
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@madalchemist ·
So the only market for selling these tokens is going to be companies that want to pay influencers to pimp out their products? I have serious doubts about the potential value of a hundred billion coins that are being given out for free. 
Why the hell are they anonymous? The English on their site is terrible.
The worst thing is I one hundred percent believe tokenization of existing social media platforms by 3rd parties is going to be huge. I just question if this project is is going to viable.
πŸ‘  
properties (23)
post_id74,746,348
authormadalchemist
permlinkre-culgin-what-is-snax-and-is-it-safe-20190514t225825457z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit\/0.1"}
created2019-05-14 22:58:33
last_update2019-05-14 22:58:33
depth1
children1
net_rshares16,575,397,294
last_payout2019-05-21 22:58:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length496
author_reputation1,110,594,595,056
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@culgin ·
Haha.. for now the project does seem a little sketchy. However, I don't see much harm trying it out. Just have to make sure we don't divulge too much personal info

Posted using [Partiko Android](https://partiko.app/referral/culgin)
πŸ‘  
properties (23)
post_id74,751,216
authorculgin
permlinkculgin-re-madalchemist-re-culgin-what-is-snax-and-is-it-safe-20190515t010446063z
categorycryptocurrency
json_metadata{"app":"partiko","client":"android"}
created2019-05-15 01:04:45
last_update2019-05-15 01:04:45
depth2
children0
net_rshares1,863,170,646
last_payout2019-05-22 01:04:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length232
author_reputation146,030,793,286,644
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@mrosenquist ·
$0.16
My primay concern is that SNAX gains access to post on my Twitter and Steemit accounts and upvote/downvote using my Steemit weight.  Not sure I like that at all!  I don't want SNAX spamming my followers or using my Steem Power to vote for what they want.

I have to question what is their profit/business model by herding all these people with followers?  Could it be to send out paid marketing messages from the accounts of their followers to reach large numbers of people and benefiting from the reputation of those accounts?  

If so, then this is just a marketing pyramid scheme that undermines the reputation of content creators who have organically built up a following.  I hope that is not the case and they will clearly state they will not do this, but I haven't seen it posted anywhere though.
πŸ‘  , ,
properties (23)
post_id74,767,189
authormrosenquist
permlinkre-culgin-what-is-snax-and-is-it-safe-20190515t081916047z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit\/0.1"}
created2019-05-15 08:19:15
last_update2019-05-15 08:19:15
depth1
children2
net_rshares397,872,362,650
last_payout2019-05-22 08:19:15
cashout_time1969-12-31 23:59:59
total_payout_value0.161 SBD
curator_payout_value0.001 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length802
author_reputation93,564,502,155,958
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (3)
@culgin ·
First of all, Snax do not gain permission to post on Twitter on your behalf. I verified that on Twitter. They shouldn't need to post on Steem on your behalf as well. The linking of Steem account to Snax, as it seems, only requires the account registration post and you do not need to grant them any permissions to your Steem account.

Their business model seems to be as such,
- Create an overlay above all social networks
- Reward social influencers with tokens
- The tokens can also be donated to influencers from their supporters as a show of appreciation
- Influencers can also provide services in exchange for tokens (e.g. companies might pay influencers to promote products)
- Over time, due to limited token supply and more demand, there will be some kind of value generated on the tokens (people are willing to pay for tokens)
- Since @snaxteam keeps a portion of token for their use, their tokens will also be worth something
- They can then sell their tokens in the market for other purposes

That's what I understand so far. However, I have not read their whitepaper in detail. If @snaxteam is reading this post, it will be great to have them reply to your question :)

Posted using [Partiko Android](https://partiko.app/referral/culgin)
properties (22)
post_id74,768,115
authorculgin
permlinkculgin-re-mrosenquist-re-culgin-what-is-snax-and-is-it-safe-20190515t084106150z
categorycryptocurrency
json_metadata{"app":"partiko","client":"android"}
created2019-05-15 08:41:06
last_update2019-05-15 08:41:06
depth2
children1
net_rshares0
last_payout2019-05-22 08:41:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,248
author_reputation146,030,793,286,644
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@mrosenquist · (edited)
Look at the permissions for the extension.  It clearly states they will be able to "Read and Change your data" on twitter.com https://i.postimg.cc/8PqH4ydL/SNAX.png

In their Privacy Policy (https://snax.one/privacy-policy), it states they will capture, among other things, PASSWORDS. (see Section 2).  In Section 4, it states the purpose will be for Snax to manage contacts and send messages, interaction with external social networks and platforms, etc. 

Further on it describes integration with Mailchimp but does not state if it is only for the subscribed user or if they are harvesting the emails of those you connect with.
properties (22)
post_id74,793,125
authormrosenquist
permlinkre-culgin-culgin-re-mrosenquist-re-culgin-what-is-snax-and-is-it-safe-20190515t171851737z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"image":["https:\/\/i.postimg.cc\/8PqH4ydL\/SNAX.png"],"app":"steemit\/0.1","links":["https:\/\/snax.one\/privacy-policy"]}
created2019-05-15 17:18:51
last_update2019-05-15 17:35:33
depth3
children0
net_rshares0
last_payout2019-05-22 17:18:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length629
author_reputation93,564,502,155,958
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@steevc ·
I think people see this as an extra easy to earn from their posts and maybe do so beyond 7 days. I've earned a couple of Snax from Twitter so far and will l at adding my Steem account. They should not need any rights to my account, but your observations of the wallet are interesting. Maybe they can respond on those.
πŸ‘  
properties (23)
post_id74,769,553
authorsteevc
permlinksteevc-re-culgin-what-is-snax-and-is-it-safe-20190515t091758774z
categorycryptocurrency
json_metadata{"app":"partiko","client":"android"}
created2019-05-15 09:18:00
last_update2019-05-15 09:18:00
depth1
children1
net_rshares16,878,001,840
last_payout2019-05-22 09:18:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length317
author_reputation273,317,013,544,223
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@culgin · (edited)
Indeed. So far it does seem like an easy way to earn extra tokens. It's not going to cost you much after the initial setup, so why not? I have also linked my Steem account to Snax. So far it does not require any permissions on Steem and Twitter

The chrome extension does seem a little odd. However, if you only enable it when you are logging into Snax, that should be safe enough
properties (22)
post_id74,772,205
authorculgin
permlinkculgin-re-steevc-steevc-re-culgin-what-is-snax-and-is-it-safe-20190515t101759476z
categorycryptocurrency
json_metadata{"app":"partiko","client":"android"}
created2019-05-15 10:18:00
last_update2019-05-15 10:19:33
depth2
children0
net_rshares0
last_payout2019-05-22 10:18:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length380
author_reputation146,030,793,286,644
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@bitcoinflood ·
I don't understand that authorization post I have to make here on steem ? Do I just create a new article with that text ?
properties (22)
post_id74,907,257
authorbitcoinflood
permlinkre-culgin-what-is-snax-and-is-it-safe-20190517t153231111z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit\/0.1"}
created2019-05-17 15:32:30
last_update2019-05-17 15:32:30
depth1
children0
net_rshares0
last_payout2019-05-24 15:32:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length121
author_reputation613,448,032,334,054
root_title"What is Snax and is it Safe?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000