[ANN] Snip - The Future of News on the Blockchain

[Prohodimec]

1). What is the total amount of tokens gonna be sold during ICO?
2). What is the total amount of tokens gonna be issued?

[francism]

1). What is the total amount of tokens gonna be sold during ICO?
2). What is the total amount of tokens gonna be issued?

There are 3 billion tokens available for sale during the ICO period which is 28% of the total supply. It is the total amount that will be issued to participants after the crowdsale is finished. The remaining tokens are allocated for future sale, bounty, partners and devs.

[ranih]

1). What is the total amount of tokens gonna be sold during ICO?
2). What is the total amount of tokens gonna be issued?

There are 3 billion tokens available for sale during the ICO period which is 28% of the total supply. It is the total amount that will be issued to participants after the crowdsale is finished. The remaining tokens are allocated for future sale, bounty, partners and devs.

That's absolutely correct.
In addition, 21% of the tokens are designated to the community writers that are rewarded for creating great content. This pool will also be used to reward developers that will contribute to our open-source algorithms. 
30% of the tokens are for future sale and are locked for 3 years.

[cointerstrike]

1). What is the total amount of tokens gonna be sold during ICO?
2). What is the total amount of tokens gonna be issued?

There are 3 billion tokens available for sale during the ICO period which is 28% of the total supply. It is the total amount that will be issued to participants after the crowdsale is finished. The remaining tokens are allocated for future sale, bounty, partners and devs.

That's absolutely correct.
In addition, 21% of the tokens are designated to the community writers that are rewarded for creating great content. This pool will also be used to reward developers that will contribute to our open-source algorithms. 
30% of the tokens are for future sale and are locked for 3 years.

Hi dev, what is the meaning of the future sale ? After three years, you're thinking of doing another ico ? This is something I have not seen so often in other projects. Obviously I wondered exactly why ?

[ranreichman]

1). What is the total amount of tokens gonna be sold during ICO?
2). What is the total amount of tokens gonna be issued?

There are 3 billion tokens available for sale during the ICO period which is 28% of the total supply. It is the total amount that will be issued to participants after the crowdsale is finished. The remaining tokens are allocated for future sale, bounty, partners and devs.

That's absolutely correct.
In addition, 21% of the tokens are designated to the community writers that are rewarded for creating great content. This pool will also be used to reward developers that will contribute to our open-source algorithms. 
30% of the tokens are for future sale and are locked for 3 years.

Hi dev, what is the meaning of the future sale ? After three years, you're thinking of doing another ico ? This is something I have not seen so often in other projects. Obviously I wondered exactly why ?

Hey, the idea is to allow for continued development of the platform, according to the success in the first three years. Of course, we'll definitely be minding the token price and try to avoid big transfers of tokens at once.

[CryptoGatherer]

Can a representative of Snip expand on the recent announcement of a partnership with Bancor and Matchpool. What are the pros for these partnerships? Do these partnerships change any of Snip's plans?

Additionally, can you explain how Snip will address the issue of plagiarism? How will Snip know if an article has been plagiarized by a writer from an outside source? Are there concerns by Snip of financial consequences due to plagiarism associated lawsuits?

[ranreichman]

Can a representative of Snip expand on the recent announcement of a partnership with Bancor and Matchpool. What are the pros for these partnerships? Do these partnerships change any of Snip's plans?

Additionally, can you explain how Snip will address the issue of plagiarism? How will Snip know if an article has been plagiarized by a writer from an outside source? Are there concerns by Snip of financial consequences due to plagiarism associated lawsuits?

Hey this is Ran, glad to expand. Actually the two partnerships are quite different in style. With Bancor, the goal is to improve the management of the token and making it easier to use for our community. The token changer protocol could be quite useful for that. With Matchpool, the focus is on adding more high-quality writers which will improve the Snip product. Like with AdEx, we're constantly looking for partnerships which make sense and complement the things that we're focused on, meaning we'll partner on things that aren't our core business (ML, Writer Relations, Website dev).

Regarding plagiarism, in the upcoming months we'll be checking every uploaded article manually to make sure that it's authentic. Over time we'll improve our technologies to make the manual process unnecessary. This is a technology that already works well for YouTube with a much harder problem (video copying) and we're confident that we can manage it. Btw, copied snippets are bad snippets since the idea is to explain the topic in a short and concise way that's usually different from classical media writing.

Hope the answer is clear.

[bgibso01]

Is there a minimum amount you need to gather in investments in order for the project to start?

[inspiredinvestor]

1). What is the total amount of tokens gonna be sold during ICO?
2). What is the total amount of tokens gonna be issued?

There are 3 billion tokens available for sale during the ICO period which is 28% of the total supply. It is the total amount that will be issued to participants after the crowdsale is finished. The remaining tokens are allocated for future sale, bounty, partners and devs.

That's absolutely correct.
In addition, 21% of the tokens are designated to the community writers that are rewarded for creating great content. This pool will also be used to reward developers that will contribute to our open-source algorithms. 
30% of the tokens are for future sale and are locked for 3 years.

nice sounds your thinking of sustainment and future improvements of snip. great to see some competition and crypto in the writing creation space.

[ranreichman]

Is there a minimum amount you need to gather in investments in order for the project to start?

The minimum amount is $800K but we've already passed that in the pre-sale so the project will start. Btw the project is live for quite a while at https://snip.today.

[ranreichman]

1). What is the total amount of tokens gonna be sold during ICO?
2). What is the total amount of tokens gonna be issued?

There are 3 billion tokens available for sale during the ICO period which is 28% of the total supply. It is the total amount that will be issued to participants after the crowdsale is finished. The remaining tokens are allocated for future sale, bounty, partners and devs.

That's absolutely correct.
In addition, 21% of the tokens are designated to the community writers that are rewarded for creating great content. This pool will also be used to reward developers that will contribute to our open-source algorithms. 
30% of the tokens are for future sale and are locked for 3 years.

nice sounds your thinking of sustainment and future improvements of snip. great to see some competition and crypto in the writing creation space.

Thanks!

[CryptoGatherer]

Can a representative of Snip expand on the recent announcement of a partnership with Bancor and Matchpool. What are the pros for these partnerships? Do these partnerships change any of Snip's plans?

Additionally, can you explain how Snip will address the issue of plagiarism? How will Snip know if an article has been plagiarized by a writer from an outside source? Are there concerns by Snip of financial consequences due to plagiarism associated lawsuits?

Hey this is Ran, glad to expand. Actually the two partnerships are quite different in style. With Bancor, the goal is to improve the management of the token and making it easier to use for our community. The token changer protocol could be quite useful for that. With Matchpool, the focus is on adding more high-quality writers which will improve the Snip product. Like with AdEx, we're constantly looking for partnerships which make sense and complement the things that we're focused on, meaning we'll partner on things that aren't our core business (ML, Writer Relations, Website dev).

Regarding plagiarism, in the upcoming months we'll be checking every uploaded article manually to make sure that it's authentic. Over time we'll improve our technologies to make the manual process unnecessary. This is a technology that already works well for YouTube with a much harder problem (video copying) and we're confident that we can manage it. Btw, copied snippets are bad snippets since the idea is to explain the topic in a short and concise way that's usually different from classical media writing.

Hope the answer is clear.

Thank you for the quick reply!

[sstercan]

is there any countdown for ico?

[jwiz168]

Snip forecasting event on wings give it somehow a leverage. It also made exposure to thousands of regular forecaster on Wings platform

[ranih]

is there any countdown for ico?

https://snip.network

[abonarea]

Crowdfunding will be much more successful than presale round. Snip has impressed the investors being different than many usual projects. One can easily imagine how the selling's main round will be after seeing how much they have sold out in previous one.

[bgibso01]

Really love this idea, hadn't heard about you guys before the ICO.
Been looking for a good news platform and came across this. Is there an app yet?

[pumz]

Approximately one more day for the ICO to start but pre-ico response is awesome already. Unfortunately couldn't contribute in such an amazing project at this stage but still hopeful to manage somehow to be in next round which is main ICO for the campaign.

[ranih]

Approximately one more day for the ICO to start but pre-ico response is awesome already. Unfortunately couldn't contribute in such an amazing project at this stage but still hopeful to manage somehow to be in next round which is main ICO for the campaign.

We're glad to hear!
See you on Sep 29th 23:00 UTC

[Dinct]

It is tomorrow, and i will invest on an ICO after 2 months, Great community and team is responding real-time your questions. Once thanks again!