This review is focus on the white paper of APPICS decentralized social media app. The white paper are made of 55 pages. These 55 pages comprises the development, Utility, innovation, benefit of the user content, profitable banking system, online business, distribution of reward and unique monetary features for users on the APPICS decentralized global social media app.
This case of study involves systematic analysis and summary of the APPICS and its white paper. APPICS is the next generation social media app that covert "like" to currency using blockchain technology. Blockchain technology is powered by steemit.
The Monetization Decentralized Social Media App
APPICS token "XAP" is a SMT meta-cryptocurrency that is run on the social media app. The XAP function as reward to the users. The users receive "like" as XAP token. The votes are rewarded as XAP coin and this coin is flexible in the APPICS ecosystem social media app. The flexibilities involve deposit, withdraw, save as a value on APPICS wallet, power up and exchange to other crypto currency and fiat currency.
APPICS connect people all over the world and provide quality social interaction environment for the people. The tools of communication are live stream, video, image, market place, write up and chat. All these tools are integrated in the APPICS app and generate income for the users.
The APPICS Unique User Tools Benefits
Marketplace: APPICS design a marketplace interface based on app system to advertise product. The users on the APPICS ecosystem have opportunity to use this marketplace to sell or buy product using XAP token as a medium of exchange without converting the XAP token to fiat currency or involve traditional bank. APPICS app is fully design for advertise ,sell product and receive payment as XAP token.
Live stream: The visual is a great tool feature of communicate and interaction among people in the social media world. Instagram and Snapchat are known for this service but users do not receive any reward for time spent while streaming, the money generated from the live stream shared within the shareholders. APPICS has made it possible for users to benefit from the money (reward) generated from the live stream.
Storage: APPICS run on decentralized storage. This decentralized storage is a profitable system to users that involve in cloud storage. The cloud storage is a project set for investors that want to link their hard drive into the APPICS data storage to generate income. Cloud storage is similar to mining. The payment ranges according to the amount of storage you invest on APPICS data storage. The hard drive provide XAP token to users. APPICS use this storage tool to solve the problem of heavy data like video, live stream and image. This is revenue for users on the platform.
Video: The video is integrated into the APPICS app. Video can be upload by the users on the APPICS and the video is decentralised, no limitation or censorship unlike YouTube which require 10000 views before the account is monetized or small account are restricted to add advert on their video. APPICS provide a straight ahead earning XAP token from the uploaded video by the user.
The Role of APPICS Token (XAP)
The XAP token is a SMT meta-token, serve as a network currency and can be exchange with crypto currency or fiat currency.
The APPICS Power:This play an important role in the APPICS user account. The APPICS power determine the state of your inferential and also account of the amount of XAP token you give out when liking your content or other people content. The more the APPICS power more inferential you become in the APPICS ecosystem.
Distribution of Reward:These are divided into creators, curators and APPICS company. The creator is the user that publish or post a content while curators are users that like the content post by the creator. These likes are converted to XAP token with the application of steemit blockchain technology. The distribution of the reward payout are divided into creator receive 65% of the payout, curators receive 25% and APPICS receive 10%.
Donation Button: The users can simply donate APPICS token to another users by clicking the "donate button" below a post.
Comparative Advantages of APPICS
Fee for Transfer: The fee charge for processing a transaction using APPICS token is less than a cent. Traditional banks or bitcoin takes up to $4 to process a transaction.
Transfer Time: The steemit blockchain processes10000 transactions per second and APPICS adopt the steemit blockchain to process transaction which result to fast and secure transaction process for the users.
Savings: The APPICS wallet is design to save XAP token to yield more interest, add more value income and percent interest rate for saving is higher than the traditional banks.
In conclusion, APPICS is a new innovation social media app. Users have the opportunity to earn a living and get profit (money) from time spent on APPICS social network app. The new generation decentralised social app APPICS is coming soon with well integrated monetary features which will grow above Facebook, YouTube, Instagram, traditional banks and Online business platforms.
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APPICS Website: http://appics.com
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