Snip — September Update

Greetings to the Snip community!

In September the team has been focused on our primary task — building software which finds the most interesting stories on the Internet and instructs us where to publish our content (Facebook, Twitter, Reddit, etc) to achieve high incoming volume. The challenge is massive but we’re witnessing consistent progress in algorithm performance and expect exponential progress in the upcoming weeks.

While we’re improving our technology, we’ve decided to temporarily stop writer incentives on the platform. The reasoning is that creating large amounts of content only makes sense if the content is later consumed by a large group of users. Lacking the sufficient technology to distribute content online, we’ve reduced content creation significantly, leading to a reduced burn rate while we’re building the software. We aim to bring back the writers and add many more writers after we’ve finished tackling the distribution challenge.

We will continue to update and are happy to hear feedback from the community. For advice, questions, and clarifications you’re welcome to ping us on Telegram.

The Snip Team