In Steemit the writers are rewarded based on feedback from users, with the reward dependent on the number of tokens each user holds. Meaning that if you have a lot of tokens then your vote counts a lot, and if you have a small amount then your vote counts less. In Snip we use open-source algorithms to determine which content is the most valuable and reward accordingly. Users don’t have a vote according to their holdings.

In a different aspect, Snip is a news-focused platform, where Steemit is more like a blogging platform. It’s not really possible to get your news today through Steemit.