hello, i just wanted to know if how much is one token? your rewards are indicating like x USD Snaptoken equivalent, etc, etc..
so i wonder how much does it cost each? why did you prefer to have it this way rather than making a fix token amount or stakes instead?
Hi ashuawei, We chose to peg Snap tokens to USD rather than Ethereum. Us saying we are willing to pay out X USD Snaptoken equivalent prevents you as campaigners from loosing money if we don't reach our funding target. We
will reach our target as it is small and we received offers for seed funding rounds which we turned down, but we feel part of our responsibility at Snapshot is to plan for the worst on behalf of campaigners and users.
If for example we only raised 500,000 USD and we said we would give out 5 Snaptokens for X campaign, that would be worth 4 times less that if we hit our funding limit.
Let us know if you still need clarification
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