Can you tell me a bit more about the Snapparazzi Token Economics ?
Yes, all you need to know is here ==>
https://snapparazzi.io/doc/pdf_en/whitepaper.pdf (page 47)
The Snapparazzi mobile app operates via SnapCoin token, a utility
token based on the Ethereum ERC20 token standard. ERC stands for
Ethereum Request for Comments. This is an official protocol for
proposing improvements to the Ethereum network, while ’20’ is the
unique proposal ID number. ERC20 defines a set of rules which need to be
met in order for a token to be accepted and called as 'ERC20 Token'. The
standard rules apply to all ERC20 Tokens since these rules are required to
interact with each other on the Ethereum network. These tokens are
blockchain assets that have value and can be sent and received, like
Bitcoin, Litecoin, Ethereum, or any other cryptocurrency. The
difference between these tokens and a standalone currency such as
Bitcoin or Litecoin is that ERC20 tokens piggyback on the Ethereum
network, using Ethereum addresses and are sent through Ethereum
transactions.
Based on the Ethereum blockchain, the SnapCoin token
implementation corresponds to a widely distributed standard and allows
token holders to easily store and manage their tokens using existing
Ethereum wallets.
