Snafu.Report Lite Paper / Road Map
Find info about Tokenomics here: https://snafureport.medium.com/tokenomics-30523c386fe2
Snafu.Report is a platform that aims to broaden and level the knowledge base of humanity. To better define this goal, a few examples:
How does India define poverty compared to Ghana? Or Japan?
How does Houston, Texas define a healthy, well rounded diet versus Minneapolis, Minnesota? Or Bali, Indonesia?
What do students in Hiroshima, Japan learn about nuclear energy versus students in Phoenix, Arizona?
What do people in Berlin learn about personal financial management versus people in Chicago?
Or, the community might decide to cover purely cryptocurrency related topics.
Or film.
Or literature.
Whatever the community decides to learn about, one thing is certain — they’ll learn from a broad scope of individuals and they’ll come together to vote on which lessons/outlooks best suit the community.
Our goal of broadening and leveling the global knowledge base is lofty. We will rise to meet this goal in three phases:
PHASE 1: The video essay platform.
Launching December 2020
On this platform, users can participate in a weekly video essay contest. The topic is decided by the community and the winning videos are decided by the community.
A school teacher in Mumbai can create a video essay contest about Gandhi’s influence on history. He can invite a teacher from Houston, Texas and a University Professor in Wellington, New Zealand to join the contest with their students.
Then, the Snafu.Report community — students and casual knowledge seekers alike — can see how students and teachers from around the world approach the topic.
Adding a layer, the community will then vote on which videos are the best in 3 different skillset categories — beginner, intermediate and expert. These winning videos will be awarded Snafu! tokens and they’ll also be saved in the archive of past contest winners.
Finally, the community can also vote on the Snafu! Award. This is reserved for the video that somehow misses the mark in a hilarious fashion — intentional or otherwise. This is meant to be a fun and lighthearted award that also pays the winner in Snafu! Tokens.
By choosing winners in each skillset, the community is actively indicating which set of information is the most accurate and insightful. This will effectively expand the collective consciousness of the Snafu.Report community and level the playing field of our knowledge base.
PHASE 2: Community Collaboration dApp
Launching by April 2021.
The collaboration dApp will give educators the opportunity to hire freelancers to make their videos more accessible to a broader Snafu! Audience (and on their YouTube channels, too).
The goal of Snafu! Report is to allow teachers and students from around the world to learn about hot button issues from different perspectives.
The collaboration dApp will breakdown barriers that might inhibit the sharing of these perspectives. Bilingual community members can earn Snafu! by translating videos. Virtual effects artists can help jazz up a droning genius’s powerpoint video. Musicians can score your slo mo masterpieces.
And remember — the larger the potential audience, the more likely a video wins prize tokens. So hiring community members to pimp out your video is a profitable endeavor for everyone involved.
Worth noting:
All prize money, dApp purchases, votes, contest creations, etc are paid with Snafu! tokens.
All tokens spent on the platform are recycled into the platform’s wallet. These tokens will only be used to reward contest entrants and good community members. Essentially, all spent tokens are locked for 5+ years, since the ecosystem has a reserve of 20,000,000 tokens at launch.
Phase 3: MicroLoan/MicroScholarship dApp
Launching by August 2021.
This is where we can finally start investing in some of the bright minds that the Snafu! Community has unearthed and nurtured.
Community members will be able to post video proposals of a topic / craft / experiment / trade that they want to spend time pursuing.
They can either submit their proposal as a straight up donation or…
They can submit their proposal as an investment.
For example:
Ajibola crafts and sells Art in the style of his African roots, but he’s never had any formal training. The Snafu! Community discovers his incredible art in a contest video about non-traditional art forms.
Ajibola decides to capitalize on his 15 minutes of Snafu! Fame. He creates a MicroLoan proposal and informs the community that he’s confident that if he can learn more about modern art and if he can afford better art mediums, he can increase his sales and profit margin.
You invest in Ajibola and he links his storefront API to the Snafu! MicroLoan portal. The Snafu! website will automatically route investor’s fair share of Ajibola’s profits to their wallets and the rest to Ajibola. Investors will be able to choose whether or not to re-invest or move on to other projects.
Think Shark Tank, but with crypto and with less douchiness and more genuine helpfulness from our community.
The Snafu Token will be used in the ecosystem in a variety of ways.
In Phase 1, users will submit ideas for the topic of the week and upvote/downvote topics in the topic pool. All of these actions cost SNAFU! tokens.
Submitting a video to the video essay contest also costs SNAFU! tokens. Voting for your favorite video in the weekly contests also costs tokens. So does creating public and private side contests.
But it isn’t all spending tokens. You can also earn tokens in Phase 1. You can earn tokens by winning a contest. And you earn tokens by being a “good actor”. Good actors are people that vote for a video essay that winds up winning a prize at the end of a given contest period. So let’s say voting on a video costs 2 tokens. If the video you select winds up winning a prize, you’ll receive 4 tokens for being a good community member.
In Phase 2, users will spend and earn the SNAFU! token in the freelancer dapp.
In Phase 3, users will spend and earn the SNAFU! token in the micro-loan economy.
The token itself has a tax of 10% on all sales through the Uniswap pool. 2% of this tax is locked in liquidity. 2% is reflected back to holders. And 6% rewards liquidity providers. In this ecosystem, liquidity providers should fair well because there will be a constant flow of tokens going in and out of the platform as people spend and earn the SNAFU! token.
If you’d like to read more about our Tokenomics, please check this out:
If you have questions, please check out our FAQ:
If you want to chat with the community or ask our founder questions, you can visit our Telegram Channel:
Or our Discord:
