1) It is a social network that rewards users for their activity
Appics is a next generation social network that lets users monetize their posts
and their time they spend on social media and even their “like”. It enables all users to earn a fair share, as well as influence in the network, through a cryptocurrency reward-token APPICS(XAP).
2) It is on the STEEM blockchain
APPICS is going to be one of the first meta-tokens launched on the Steem blockchain – so-called Smart Media Tokens (SMT).
SMT is a token protocol based on the Steem blockchain allowing to launch and sell an application-specific Proof-of-Brain token which aligns incentives between users and the application.
3) Category Judges
In APPICS there will be 15 categories within the application. For each category there will be judges. Basically these judges will be able to judge content, give advices in their category and filter quality content. Those users are people that has a high reputation and a lot of tokens staked in their wallet.
via pixabay
4) Reward distribution
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 to the company and will be used to sustain the network and to scale the platform.
via pixabay
5) APPICs power
APPICS power represents APPICS tokens, which have been integrated into a smart contract. The amount of APPICS power represents the level of influence that an account has compared to the rest of the network.
It also represents the power of the “like” of a user: the more APPICS power an account has, more Appics will be given. It is similar to the STEEM power
via pixabay
