Actually, I believe that there will be a direct impact on Steem, as lately the STEEM token is promoted as an SMT on Steemit. APPICS is introducing a new token, named KYC, a direct competitor to the STEEM. With APPICS being a better way of implementing social media on the STEEM blockchain, the impact will be major!
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I’m not so sure. The whole concept of having new super bloggers join steemit won’t help the price as they will withdraw their earnings as they use it to make a living. This will put downward pressure on Steem.
I thought KYC was the Know Your Customer process?