Appics is a next generation social media app that is issuing the first Smart Media Token on the Steem Blockchain.
Appics Initial Coin Offering (ICO) starts today at 8pm UTC. If you're interested in the project, you can buy some XAP tokens for yourself starting from today. You can follow the countdown on their Twitter Page
Here's a quick description of Appics token (XAP):
APPICS token (XAP), a SMT meta-token, is the network’s currency. Its market value determines the value of the pool of rewards paid by APPICS to contributors. Instead of traditional mining, the tokens are generated via contribution. The APPICS token can be traded and exchanged for any cryptocurrency or at currency. The tokens serve as credits, which contributors can earn on the application and easily exchange for any other currency. The purpose of this is to reward active content creators and curators within the application, creating a new tradable asset: contribution. Source
Appics is a decentralized, distributed, and reward based social media app that runs on top of the Steemit blockchain. Similar to Steemit, Appics allows its users to likes to cryptocurrency.
According to their whitepaper, Appics is fully supported by Steemit Inc. Read the Whitepaper here. You can also head over to @appics profile on Steemit for read up about the team's activity leading up to the ICO.
To participate in the ICO, you can buy XAP tokens with either Steem, SBD, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Go over their website and join the XAP token sale now.
For any questions about the ICO, join their Telegram page or send an email to ico@appics.com. Let me know your thoughts about the project.
NB: This is not an investment advice. Do your own research. You're responsible for your decisions.
Just found out about this project. It looks solid. Will it work on the same principle as Steemit? I mean rewarding people for posting creative and good visual content?
Goot
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