I just read through the whitepaper and this
APPICS distributes the created revenue
among all contributing parties as follows: 65% goes to the content creator,
25% to the voters/curators and the remaining 10% will go towards sus-
taining the network of a social-influencer based economy and scaling of the
platform
looks like steemit's block reward with witnesses removed and some numbers moved around.
Is self-voting by people who bought in early going to be the only way to get block rewards? Will all the whales be allowed to upvote each other? Are bots going to be allowed? Is the token going to be inflationary or deflationary?
How can this help those in third-world countries with low starting networth if they weren't able to buy in on the ico?
Was there a limit to the amount of tokens any single individual could purchase?
How will the platform be governed? Is that going to be decentralized in any manner? Why does it look like many of the founders are non-technical?
Sorry, no flack, just wondering where the info or solid numbers are that led the ico to be sold out.
Great questions!! 👍
Hi @charitybot thanks for your questions.
Appics is an individual project, with different associated costs, so yes the ecosystem will be structured differently as you noticed and the rewards go through a manual check. We don't have block rewards because the APPICS token isn't minable. There also won't be bots because Appics is going to be app-based, not web-based. In our ecosystem the whales are going to use their power as fair as possible, especially because the category judges are being chose by the users. People in under developed countries can use APPICS and earn tokens as content creator/curator, especially when they are early. No limit as to how much an individual can to purchase. The platform will be governed by the users based on a voting system that can't be manipulated due to the blockchain tech. And actually most of the founders have a technical background. The CEO has been in the blockchain space since 2011 and is bitcoin legend in Germany. If you need other information, feel free to send an email: mail@appics.com and if you want to join our telegram group where we inform about updates and answer questions of the community: https://t.me/appics_official !
Appics is revolutionary and a great social media backed by blockchain. That I am optimistic about.
Have earned some stakes so far. Question is could the stake be converted to XAP token when lauched?
Appics is revolutionary and a great social media backed by blockchain. That I am optimistic about.
Have earned some stakes so far. Question is could the stake be converted to XAP token when lauched?