Decentralizing Social Media Rewards: Steem and #snax comparison
▻https://hackernoon.com/decentralizing-social-media-rewards-steem-and-snax-comparison-ac17201824
Rewarding social influencersIf a lot of people enjoy your content and listen to you, you should be able to monetize this achievement. There are, however, multiple problems that creators across platforms face when trying to monetize their success.These problems are:You have to rely on advertising revenue or on donations.Platforms that provide ad sharing take a large cut from the ad revenue, with Youtube and Twitch taking half of any money generated by your content.Tight control exerted by the platforms over who gets to participate in their partnership programs resulting in censorship and favoritism.If you find a new platform with better monetization, you have to move your followers there or grow a new audience from that platform community.Cryptocurrency can solve those problems. In this (...)