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Happy SNAX Day For Those Who Are Interested: A Glimpse Into The Future by taskmaster4450

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· @taskmaster4450 ·
$13.60
Happy SNAX Day For Those Who Are Interested: A Glimpse Into The Future
Today is May 14th, 2019.  On this day, SNAX integrated with Steem.

![image.png](https://ipfs.busy.org/ipfs/QmQWt9fvBc9Hz3nSR3XjUfcSFuJLxmes2hVhgqar9aDG1s)


This might not be monumental news to some but, to me, it does provide some insight into what the future is going to hold and the enormous power of cryptocurrencies.

To be frank, I do not know a ton about the SNAX program.  It appears that @dragosroua is involved in it and a block producer so questions about this might be better served directed at him.

What I can tell you is that SNAX is an EOS fork that rewards people for their social media networks.  It is an added "layer" to what is already provided on Steem.  Individuals are able to earn extra tokens as reward for their efforts.  

The SNAX project is aiming to integrate itself with existing social media applications.  I believe their first one was Twitter.  This enables for the monetization of an existing platform as a means of growth.  Steem appears to be their second choice.

This tells me a couple of things.  The first is that Steem is recognized among those in the crypto community.  When it comes to users, Steem ranks up there.  Many feel this is bogus because we do not have a ton of accounts transacting.  The reality is this shows how small the crypto world is at this point.  Steem's traffic ranks with other blockchains.

There is another facet to this.  The traffic on Steem is different from many other blockchains.  We see some with high numbers yet those are mostly comprised of exchange activity and gambling.  Steem's activity is more concentrated within the social media realm.  

The second part is what I feel is a glimpse into the future.  People are going to be rewarded in numerous ways for the same activity.  The integration of SNAX with Steem is only the beginning.  We are going to see a lot more of this in the future.  SCOT and SMTs are also providing another layer with which individuals are rewarded.

Cross blockchain integration is only going to accelerate this.  Providing people with greater access to larger ecosystems will stimulate more experimenting.  The innovation that is going to come out will increase the value of the entire industry.  At the moment, we have blockchains that are separate islands.  A street that connects to no other streets does not have great value.  It is only when that street is joined with other ones that its value (utility) increases.  

I believe we will see the same thing within this realm.

Personally, I will not be surprised to see many more projects like this come along.  By collaborating with different projects, innovators can increase their access instantly.  This saves a lot of time in building a following.

At the same time, nobody is bothered by the increased "competition" because it does not exist.  Those who are creating a second layer are only provided an added benefit to the ecosystem.  I do not know if SNAX is the answer but it could be one of those platforms that takes off, thus pulling Steem along with it.  

We are approaching the time when people will get additional rewards for cross-pollinating their content.  Create something once and get paid on it in many different ways.

It was well over a year ago that I realized what the future would look like regarding cryptocurrencies.  I felt there will come a day where the average person is earning 25-50 different currencies a month, being rewarded for all kinds of different activities.  This might be too low a number.  With the possibility of receiving three or four tokens for the same activity, we could see this number be higher.

Either way, this is what I believe the world will look like once cryptocurrency goes mainstream and a fair part of the economy is tokenized.  People are going to receive incentive for everything they do.  

Exciting times are ahead.

Here is a post by the @snaxteam that provides more details.

https://steempeak.com/steem/@snaxteam/snax-integrates-with-steem
___
If you found this article informative, please give an upvote and resteem.

![image.png](https://ipfs.busy.org/ipfs/QmPvBkjBFuAKHQR7MacQ1679NryWNG5ZexgaPZdUmTo4so)


![image.png](https://ipfs.busy.org/ipfs/QmYRwbaYkV7kubaAqefvGi6kxW25EdzUdZRP8XWsRWXKTj)

Image from article linked in post.
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 425 others
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vote details (489)
@tts ·
To listen to the audio version of this article click on the play image.
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@vlemon ·
Is it possible to download the wallet on IOS ? I can’t figure out how ! 

Posted using [Partiko iOS](https://partiko.app/referral/vlemon)
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@svemirac ·
Nope. Not yet, but after numerous requests, @snaxteam is working together with EOS developer on it. So it should be available soon.
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@madalchemist ·
So Snax isn't on any exchanges? That means it has a zero value.  Their webpage is just a bunch of vague broken English non answers. Why would anyone buy this coin they are giving away?

From their site:

SNAX token is a basic utility token of Snax blockchain. SNAX tokens provide Snax network operationing. Main cases of SNAX tokens using are:

Purchase of network's computational resources

Regular Publisher Rewards payments

Block Producers Rewards payments

Voting for Block Producers

https://snax.one/faq#what-is-token

What does any of that even mean?

When I heard steem was pairing up with another token i thought "great". Now after some reading it's more like "why?"
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@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!
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@newageinv ·
$0.03
Expanding the opportunities for users to be rewarded for their attention is a key evolution towards an improved decentralized future and social media will be front and center given the billions whom engage daily!

Posted using [Partiko iOS](https://partiko.app/referral/newageinv)
πŸ‘  
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@zammie ·
The Age of Abundance is here!!
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@ssjsasha ·
$0.37
Man there is so much happening on this blockchain it is so hard to keep up
πŸ‘  , ,
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@apshamilton ·
$0.25
Very interesting. I'm going to check Snax out. I think Steem is going to be at the center but Snax may be a useful satellite, especially for those with a lot of Twitter activity like my friend @brianoflondon.
πŸ‘  , ,
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@steem-ua ·
#### Hi @taskmaster4450!

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Your **UA** account score is currently 6.484 which ranks you at **#179** across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 234 contributions, your post is ranked at **#5**.
##### Evaluation of your UA score:

* You've built up a nice network.
* The readers appreciate your great work!
* Great user engagement! You rock!


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