1.000.000 APX tokens
Statement regarding potential hardfork for BTC...
The APX Team will continuously monitor the Bitcoin Core vs. Bitcoin Unlimited situation. In the case of an impending hardfork, APX will prepare in the following ways:
- up to 35% of BTC will be converted to $ (USD) as a hedge.
- 40% of BTC will be diversified into select higher market cap. coins
- 25% will be kept as BTC, after hardfork BTU will most likely be sold for BTC.
Not only is the hardfork process promoted by Bitcoin Unlimited reckless, Bitcoin Unlimited has demonstrated technical incompetence on multiple occasions. The development team behind Bitcoin Unlimited is incapable of producing functional and reliable code. Noting this, the APX Team will continue to fully support and view the chain supported by Bitcoin Core as most in line with Bitcoin's original vision of a secure, decentralized, and peer-to-peer payment network.
FAQ
Q: How will APX be issued?
A: APX will be an ERC20 issued on the Ubiq network. Ubiq is an alternative to Ethereum with lower inflation and some technical improvements. Ubiq currently has the highest valuation of Ethereum alternatives after Ethereum Classic. An easy to follow step-by-step guide will be released before launch in case anyone experiences difficulties.
Q: How do I get APX?
A: The crowdfund will run for approximately 21 days beginning May 1, 2017 at 11:00:00AM PST and ending on May 22, 2017 at 4:59:59PM PST or until hard cap is reached. This will take place through Bittrex Exchange.
Q: What is Ubiq?
A: Ubiq in one page
Q: Will APX be listed on exchanges?
A: Yes, APX will be listed on Bittrex one day after the donation period ends. Furthermore, the APX Team will look into the addition of APX on additional exchanges. The crowd fund will conclude if the maximum is reached or on May 22, 2017.
Q: What can I do with my $APX?
A: The APX Team will be working to continuously provide $APX with various use-cases.
We will be buying back and burning $APX acquired through our buyback program.
Our first project, which is the Crypto Review platform, will accept $BTC and $APX for access to any premium features.
Any other projects funded by APX Ventures will also integrate $APX usage in a similar fashion. There will most likely be a slight discount if paying with $APX to incentivize users to pay with $APX.
This is further down the line but another use case for $APX is that we will be exclusively accepting $APX for discounted rental contracts for our mining farm.
These are only some of the use cases for $APX, we have several more that we will reveal in due time!
Q: How does voting work?
A: The APX Team will issue parallel voting tokens by airdropping them to accounts holding a minimum of 500 APX. These parallel voting tokens will be strictly used for voting purposes. New tokens will be issued for each voting round. Step-by-step instructions will be provided for this process.
Q: Will there be escrow?
A: The crowd fund and escrow will be conducted via Bittrex Exchange.
Q: What will the APX Team do in case of a hardfork for Bitcoin?
A: Please refer to our statement regarding potential hardfork.
https://bitcointalk.org/index.php?topic=1879453.msg18683920#msg18683920
Q: Are there any more details about the mining operation?
A: Please read this
Q: Are there any bounties?
A: Marketing is not a large priority for this project but we do have a small bounty program for Twitter which can be found here.