Snipcoins is working on an update to provide more details concerning our strategic path forward. However, we can say that our first priority is completing tweaks and interactivity enhancements already in progress and planned.
Of course, given that Snipcoins.com is a tokenized, Web3 initiative, the team is actively applying strategic analysis to its tokenomics and governance trajectory among other issues central to the space and will communicate related developments as they occur. This includes emerging SNIPS uses and utility, plausibility of advertising, and content policies.
Quite certainly, being added to ProtonSwap the associated $SNIPS airdrop was a marketing boon. Many people are still discovering the SNIPS in their wallet and finding their way to the Snipcoins.com platform. This combined with organic, word of mouth driven growth, permits us to ensure the UI foundation is truly set and ready before actively seeking more aggressive member expansion.
The SNIPS total supply will max out at 100 billion. Approximately, half that supply is allocated for snip-to-earn rewards. This set-up is much like BAT rewards associated with the Brave platform; it as well is a utility token with a fixed supply. If you have used Brave over the past year or so, you will have noticed that the earning rate has varied according to the market rate and supply for BAT. Similarly, Snipcoins will actively manage this valuable resource and, with full disclosure, adjust the points earning rates and SNIPS required for membership as deemed needed. We've recently adjusted earning rates for likes, reactions and comments, posting new snips and articles earning rates remains the same.
The last few weeks undoubtedly have been exciting for Snipcoins, but we have just left the Web3 social media starting line. While we move forward steadily and with a carpe diem mindset, this isn't a short sprint. Rather, Snipcoins is in this space to win the marathon one step at a time.
We are excited as you about the potential and future Snipcoins' community will achieve. Do know our team is diligently working to ensure it becomes reality.