Decentralized Media Platform Snip to Launch Crowdsale

Blockchain Expo North America 2019

News platform Snip, which seeks to create a community-driven news outlet, has announced its crowdsale will kick off September 29th 2017.

The team has already released an alpha-version that offers core features for users and a selection of news and audio-podcasts, with over 25,000 active users creating and consuming content. The platform just recently partnered with AdEx advertising network.

advertisementToken Agency

As noted by Ren Reichman, Snip CEO, said partnership is expected to be quite beneficial:

“We’re especially excited about using AdEx’s bidding and anti-fraud systems, which will allow us to present user with relevant ads and deliver maximum revenue to Snip writers,”

The crowdsale will allow buyers to become early adopters of a platform  with the potential of becoming one of the world’s top media outlets, covering nearly every subject.

Repairing the Broken News

The team behind Snip says that with the advent of the Internet the monopoly of traditional publishers has been shattered, which resulted in significant revenue losses and development of a complex online advertisement market. Still, just like advertising, major media outlets are controlled by a handful of corporations that can dictate which news are worth publishing.

Snip, on the other hand, offers a community-driven approach where every user is entitled to create so called ‘snips’, short news stories. Creators of high-quality content are rewarded with the platform’s native tokens, SnipCoins.

“Snip is a new type of news platform, decentralized and powered by the community. On Snip, anyone can write a news story about any topic, and readers can find news that matters to them. Contributors are rewarded with tokens according to the popularity of their posts and comments. A community-based news site, owned by the community, can become the top news site in the world and cover any subject, from breaking news to entertainment and everything in between,” the project’s whitepaper reads.

Remarkably, the platform also offers filtering algorithms that effectively customize every user’s newsfeed to his or her interests.The ultimate goal of Snip is to create a censorship-free environment that rewards writers for summarized news stories on every topic.

In stark contrast to the current situation where political and commercial interests of governments and corporations set the priorities for media controlled by them, Snip is set to be available for all possible points of view.

What’s Down the Road

Underlying the system is SnipCoin. The token is used not just to reward the creators of high-quality content or those who write on poorly covered topics, but also to buy advertising space, and pay for premium options like accessing podcasts, professional features and removal of advertisement.

Over the crowdsale that will last 30 days, 3 billion SNP tokens will be issued and sold for up to  $8 million. The total amount of minted tokens is 10 billion.

Once the crowdsale is over, Snip will release an alpha version on invitation-only basis in order to have a test run of all features prior to releasing the solution in beta.

The supreme goal of the project, according to the team is to free the news industry from external control and provide a great news experience, therefore allowing people to exercise the ultimate freedom of speech.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles
advertisements Blockchain Partners

Token Agency
Blockchain Expo North America 2019


This site uses Akismet to reduce spam. Learn how your comment data is processed.