Snip is a decentralized network for content creators with the primal objective to integrate the news on the blockchain. On the Snip Network, users' newsfeed content is personalized in an attempt to save their time from reading unrelated or too long articles. Writers and developers may be rewarded for their contribution to the community.

SnipCoin is an ERC20-based token developed by Snip to be a medium of exchange within the platform. SNIP can be used by advertisers or readers to tip writers for their articles. Additionally, users can pay with SnipCoin for premium content, personalized audio podcast and professional content.