Interesting. I dont think it would affect Steem too much. If it would lets work together with Snax to help Steem to overcome any challenges. Snax wants Steem to grow, and to become larger than ever before. We want to help Steem by letting people earn more money on their posts, with Snax and without leaving Steem or other socials:
https://steemit.com/steemit/@snaxteam/decentralizing-social-media-rewards-steem-and-snax-comparison