🪙 What’s the Snap Economy?
The Snap Economy is Pubby’s community currency system—authors spend Snaps to request reviews, and readers earn them by completing reviews. The system thrives when there’s a healthy balance between the demand for reviews and the availability of readers.
⚖️ What Happens When It’s Out of Balance?
Snaps keep everything moving smoothly, but like any economy, it relies on a balance of supply and demand. When more authors are spending snaps than there are readers earning them, the system becomes imbalanced, leading to delays in finding readers. When our snap economy is stable, it ensures the platform runs smoothly for everyone.
📈 How We’re Improving Balance
To restore and maintain a healthier snap economy, we’ve made several key updates:
Review refunds: Snaps are no longer automatically refunded for reviews that are reported. They are only refunded for reviews that have been completely removed from Amazon, regardless of the reason (Amazon policy, user deletion, etc.).
Disappeared reviews: If a review is taken down by Amazon for any reason, the reader will lose snaps for it, ensuring rewards are only given for lasting, completed reviews.
Pubby Pro: The Pubby Pro subscription bonus was reduced from 20,000 to 10,000 snaps to ease snap inflation.
Reading limit: The reading limit increased to 4 books at a time to boost the supply of readers.
Advertising: We stopped advertising to prevent an influx of free trial members who earn snap bonuses but don’t always contribute long-term.
These changes are already helping restore balance to the system, improving the experience for all members!