Had a couple more thoughts on this, so adding:
As this is a proof of work AND as all encrypted tokens are in the wild, it will function to moderate the price of SNT automatically - as price goes higher the cost to crack the encryption becomes relatively more profitable. As the price goes low, the price to crack becomes less profitable.
This would stabilize the SNT price auto-magically and is something bitcoin can’t do as it’s rewards are fixed through it’s difficulty adjustment.