APPICS ICO: Company Review and XAP Token News Updates

APPICS XAP ICO: Cryptocurrency Social Media Network Rewards?

Steemit is arguably one of the most popular and successful blockchain based social media platform to emerge from the cryptocurrency revolution. On the Steemit platform, users earn rewards for quality posts, contributing to the Steemit community, and moderation in the form of “Steem”, a cryptocurrency that can be traded for other cryptos or fiat currency.

If Steemit can be considered the Reddit of the blockchain, a new initial coin offering is aiming to create the Instagram equivalent. Appics is a new social media application that runs on top of the Steemit platform, and has been created with the full support of the Steemit developers.

In this article, we’ll take a look at the APPICS XAP ICO and find out what it plans to achieve to help you determine whether it’s worth investing in.

What is Appics?

Appics is a relatively simple concept, and is extremely similar to the Steemit platform. Instead of focusing on written content, however, the Appics platform places a heavy emphasis on visual content. Appics is a mobile application for both iOS and Android operating systems that is designed to promote the instantaneous sharing and consumption of visual media.

Appics is aiming for the massive mainstream social media consumer demographic. There are currently millions of visual content creators and curators on social media platforms such as Instagram that struggle to monetize their brand or channel, even with massive followings.

The Appics platform has been in development for more than one year, and already boasts a large early adopter userbase sourced from the Steemit platform. As a simple, functional, and easy to use social media application, Appics makes it possible to share visual content and gather Appic tokens, or XAP.

Content on the Appics platform will be split over a number of different categories that are intended to streamline visibility for users and consumers. Categories will cover fashion, sports, dance, and food, as well as travel, makeup, fitness, comedy, art, news, and charity.

Interestingly, the charity category will allow organizations to gather support directly from individuals in cooperation with the Appics platform, which provides a direct transfer “donation button” directly below each charity post.

The APPICS XAP ICO

The native currency of the Appics platform will be the XAP, or the Appics token. These tokens function as credits that are created when content is generated, curated, or “liked”. Users will be able to trade these tokens on crypto exchanges for virtually any crypto, which makes it possible to directly monetize engagement.

In a similar manner to the Steemit platform, Appics has integrated an “Appics Power” function that represents the level of influence that the account is able to exert on the rest of the Steemit network. Users of the Appic platform will be able to access their XAP via an integrated wallet.

Using the Appics wallet, XAP can be spent at in-app shops, which makes it possible for merchants to access a wide range of new opportunities. The Appics pre-sale has recently sold out, with the ICO proper set to launch in the first quarter of 2018. During the ICO it will be possible to purchase XAP with Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Steem and Steem Dollar.

The APPICS XAP ICO Verdict

The Appics platform has been developed closely with the Steemit core platform, and thus is highly likely to succeed. If you’re seeking to invest in the “Instagram of the blockchain generation”, Appics is definitely worth serious consideration.