this is really nice, snapup got a score of 4.3 on

https://icobench.com/ico/snapup

thus means, time to go and buy some snaps, when the presale starts

Hello! I am Alex, CEO @ Snapup

In the next couple of days we are going to release a lot of content and material to further explain the platform because we've seen that people tend to get confused over what snapup is and isn't
I understand that the concept is fairly new, so let's reiterate on the Value Proposition:

Snapup is a platform to shop for premium products that offers an auction-like experience; But unlike traditional auctions, where the assignee is always the highest bidder, on Snapup the assignee is determined by our meritocracy based rewarding algorithm, The more active you are on the platform, and the higher you bid, the bigger your chances are to be the assignee for that auction. The bid is comprised between 10% and 20% of the Retail price of the product, and for each event there’s a maximum of 300 participants on average.

Our mechanism is able to estimate the amount of "desire" or "will" of a customer to obtain the product, via a point assignation algorithm.

Every action the users do on our platform is awarded KARMA points. Some examples might be:

1 - Joining a Snapup:
Joining a Snapup is awarded the most karma points because in doing that, you are helping other obtain huge discounts on the products, while of course, trying to get the benefit for yourself

2 - Inviting a friend to join
Speading the word is rewarded

3 - Buying Snapcoin
The more people buy Snapcoin, the more the value of Snapcoin raises, and the more Snapups our customers can join with their current amount of Snapcoin, since the price to join a Snapup is calculated on the EURO counterpart of the Snapcoin, at the current Exchange rate.

HOW DO WE BUY THE PRODUCTS?

There is no retailer offering us discounts. Snapups are like payed auctions. You pay an amount of Snapcoin to join a Snapup.
Snapcoin will also be immediately listed on all the major exchanges at the end of our ICO.

The revenue derived by the Snapcoins sold by Snapup both to investors on exchnges, and to customers on our platform, is used to purchase the products in FIAT currency for Snapup's Assignee.

Snapup is a Sharing Economy platform. This economic model allows people to make the most out of their money. Share their wealth in a mutually beneficial and meritocratic way.

Our mechanism is finely tuned to allow an healthy turnover in the victories, rewarding the ones who are most active but also leaving good chances for people that just joined. This mechanism is unique and we are waiting for patent approval over it.

COMPETITORS:

Alibaba and Amazon offer completely different services from Snapup. They are Online Retail Stores; Snapup is not set to compete with them.
In fact, Amazon will be one of our main Retailers.

SHIPMENT

Snapup doesn't hold a warehouse. We are a DropShipping Company.
Our partner retailers will handle the shipment of the products.

If none of our retailers is able to reach the Assignee, the order will be handled by our order-matching system
that crawls the web for the nearest, top-rated retailer able to ship the product to the Assignee.

IS SNAPUP LAUNCHING WORLDWIDE?

Snapup has no country barriers. Our mechanism is created to work worldwide from day 1.
There are no custom fees to be payed, since the products are shipped to the assignees from their LOCAL RETAILERS.

If the assignee resides in China, our order-matching algorithm finds a Chinese retailer that ships that particular product, and places the order, with the
credit card details of Snapup, and the Shipping Address of the Assignee.

We only place orders to TOP Retailres. If we don't find a retailer in the specific country, we look for nearby retailers.

EG. If a customer resides in Cyprus, we are going to ship from Greece or from Italy.

Of course we will allow ourselves the time to perfect this mechanism, officially launching in Europe first.
Operating in a country means we are actively seeking customers in that country, but if someone from outside of our official operating zome hears about Snapup
and wants to join, he can do it. And when he happens to be the assignee of an event, we will ship the product to him, just like all the other customers.

INVESTMENT

We are receiving the attention of big institutional investors that are most likely going to join our presale.
On that matter, we want to tell everybody that no special treatment will be reserved to anyone.
Tokensale will start on Monday August 28th at 12:30 UTC +00
We are doing this in order to allow everyone the opportunity to join our presale and benefit for the 20% bonus on our tokens.

In the next days we are going to release many videologs and news, and also the Open Sourced version of our Crowdsale Metrics System on GitHub.
If you are the manager of a company who's launching an ICO and want to learn more, don't hesitate to contact us privately!

Talk very soon!

Alessio Cozzolino

I'm not going to quote everything above but thanks a lot Alex for clearing things out.
Everything was also said in Q&A or cant be found in White Paper, some people are just to lazy and after this post there will be some posts with the same questions again...

I'm just really exciting for this project.
I just cant wait to enter the first products 


If we all use our common sense you wont loose.
There will be some people who will enter every product and other will choose wisely.

Cool video by Cryptonews Indonesia  https://www.youtube.com/watch?v=HBP2Bkwake8, it explains everything you need to know about Snapup. However, I can't find the article 

I have gone through the Whitepaper looks very interesting and very innovative. This project seems to be very interesting and will able to make well reputable in the market because a lot of people are supporting but we have to wait for presale how people will react.

I hope to see Snapup realy soon in the Play and App stores.
Can't wait to try the product out and win me some snaps.

well, i am going to buy some snapups, not much, but i will buy some to test it out

i think, that this is a nice ebay like concept, and how it is being handled, it will fruit in the future.

but the communication of the devs is top notch, and states, that they are fully behind their product and are working with the customers and not against them.


PS: PLEASE, 1 MORE WIN IPHONE7 ROUND

If that patent gets accepted, you're golden.


The hype is real!


Is that metrics system related to the token sale or the Snapup platform?

I'm confident with the made up of the excellent Snapup team.  The project will materialized in a new dimension way that will shake the world of cryptocurrency because they are the pioneer of this crypto-ecommerce industry. Snapup will boom..  To the moon

Awesome FAQ. Now everyone will have answers for the questions. Keep it up @devs!