Announcement: APPICS' Dual Blockchain Solution

in appics •  3 months ago  (edited)

2019-06-02 18.29.09.jpg


Finally a destination in sight!

After a long crypto winter and several unexpected turbulences we are happy and proud to present the following statement to our community, token holders, partners and all supporters of the APPICS movement.

APPICS‘ initial plan was to launch as an SMT by Steemit Inc. and was set to launch late 2018 according to the company's official post.
Until this day the SMT has not been released, which is why we decided to take matters into our own hands.

For the past months we have been presented with several possibilities and while our first priority is and has always been to make sure we launch the project in a timely manner, we also were not willing to compromise and make sure we keep promises to token holders and the community.

Because we believe in the power of collaboration, we decided to found an alliance with SteemEngine and Phenom team, bringing together some of the brightest minds of both blockchains, steem and eos.

This dual blockchain solution will be introduced through the APPICS application.

Combining the best of both worlds: EOS & Steem

The combination of the Steem and EOS blockchains allows having the proven posting and reward distribution mechanics from Steem, backed by the EOS blockchain's infrastructure.

APPICS with its revolutionizing concept to bridge the gap between mainstream social media and blockchain technology, now joins this ecosystem and will create an EOS-based token that is pegged to a token on the Steem blockchain.

2019-06-02 18.26.50.jpg




Part 1: EOS Functionality

EOS is one of the most scalable blockchains, having a fast-growing ecosystem with numerous dAPPs such as decentralized exchanges, games, and social networks.

Interaction with the EOS platform opens up great opportunities for APPICS:

  • Simplified Listing: APPICS tokens will be easier to list on decentralized exchanges, particularly those with existing EOS tokens being traded on the platform.
    This is due to the interaction with the APPICS token contract performed through existing EOS nodes (no need to deploy additional nodes and allocate new resources and hardware).

  • Liquidity: The token will be traded on existing liquid decentralized exchanges (which enables the ability to buy and sell APPICS tokens directly from the mobile app).
  • Extended Ecosystem: APPICS tokens can be used by other applications within the EOS ecosystem, which ultimately provides more liquidity and dramatically increases the growth rate of new users using the APPICS dAPP, which in turn opens new opportunities to existing users such as enabling and expanding new dAPP features.
  • Long-term Strategy: The EOS ecosystem is developed rapidly and having an EOS-based token, comes with the ability to completely move to the EOS blockchain in the future, once there is a proven code base and social framework that might be released by Block.One or developed by APPICS and other ecosystem participants.

All EOS smart contracts will be developed by the APPICS team in collaboration with @Phenom - a company that specializes in the development of blockchain-connected solutions and DAPPs.

The token conversion between Steem and EOS-based tokens will be performed seamlessly through the gateway, therefore users don’t even necessarily have to possess an EOS account and are able to transfer tokens directly from their Steem wallet to an exchange where EOS tokens are traded.


Token conversion mechanics

appics ecosystem-Page-5.png

APPICS will support the automatic transition of its tokens in both ways - from and to the EOS blockchain. The conversion is performed through a gateway whose structure is described in the graphic above.


In order to transfer the tokens to a specific EOS account, the user just transfers them to the APPICS gateway account on the Steem blockchain and specifies the memo and account name in EOS where he wants to receive the same amount of tokens.
Once the transaction is confirmed, three independent servers validate this transaction and invoke the “issue token” method of the EOS gateway smart contract passing the txid of Steem transactions, for which EOS-based tokens are issued.

The reverse conversion works similarly: If the user wants to transfer tokens back from EOS to the Steem blockchain, he transfers tokens to the EOS gateway smart contract and specifies the memo and account name of the Steem account, where tokens are to be transferred.

The tokens are locked in the contract and once the transaction is validated, the Steem-based tokens are transferred from the gateway account to the specified user account using the crypto-converter built by Privex. The txid of this transfer is passed on to the EOS gateway smart contract that burns the locked tokens.

As a result, the APPICS token ecosystem will be live for the first time, enabling users to activate their APPICS power as voting weight inside the APPICS App!




Part 2: Steem Functionality

With this partnership between APPICS and SteemEngine, token holders will be able to utilize the APPICS application to vote, post and earn entirely in the Appics token!

In the following statement, @aggroed from the SteemEngine team will be explaining how the APPICS token functions utilizing the steem blockchain.

Step 1: Get a Steem Account

The APPICS team has a database that knows the ethereum addresses and amount held by token holders. APPICS token holders on ethereum will be able to register their Steem account name to receive tokens to a steem address.

The customer dashboard will be re-launched in the coming week, together with the bounty program.

In case having a token on Steem is a surprise you’ll be happy to know the Steem community now has the ability to create something akin to ERC20s on a layer 2 solution using the Steem Smart Contract platform.
Steem-engine.com is a layer two solution that is a friendly UI for the Smart Contract Platform and makes it easy to see, receive, and trade your APPICS tokens and/or issue and trade new tokens you may not be familiar with.

What if I don’t have an account?

If a user doesn’t have a Steem account they have some time to register for one on their own. You can apply for a free account at signup.steemit.com, purchase an account in fiat at steem.ninja, purchase an account in crypto at anonsteem.network, or use either fiat or crypto to create an account while joining a fun game at splinterlands.io.
For any questions, please email [email protected]


Step 2: The fun starts!

The APPICS app is currently powered entirely by Steem rewards.

After a successful token swap, the APPICS platform will start displaying and rewarding posts in Appics tokens.

When you make a post and give or receive upvotes you’ll earn Appics tokens for your efforts! You’ll also receive Steem in addition to earning APPICS, so it’s a 2 for 1 deal!

When you get your Appics tokens they’ll be staked into the platform as voting power. Appics power is what determines how many APPICS tokens a post receives when you vote on it.

The more power you have, the more you can upvote posts. Power will decline a little bit every time it’s used and regenerate if the account pauses voting for a bit.
If you ever decide you’re done using the APPICS power you can “power down” to receive liquid APPICS tokens again and you can trade them on various exchanges. You can always trade them on steem-engine.com, and we’re adding them to additional platforms and exchanges.
The first notable pathway available is to convert your APPICS tokens on the steem-engine platform to tokens on EOS using the crypto-converter built by Privex. From there it’s easy to exchange your tokens on the EOS platform.




steemengine.jpg


We are more than thankful for the continued support and trust of the APPICS community and glad we finally created a long-term solution that on the one hand gives us the ability to launch on Steem and on the other hand lets us join the EOS ecosystem.

It has been a tough journey - but the most difficult roads always lead to the greatest destinations.

A special thanks to our advisors such as @lukestokes and technical partners at SteemEngine (@aggroed & @yabapmatt) and @phenom for working out such a unique solution.

And of course, this was only possible through the amazing support and help of our global APPICS community!

Let the movement begin!


| www.appics.com | APPICS Telegram Community|

And don't forget: to become an exclusive tester for the APPICS app and simply sign in with your steemit account, sign up at softlaunch.appics.com
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Sort Order:  

💥⛵️🚀🙌🏽

💥🚀😁

Not that I have anything against appics vision, I sure will follow it and see if I like the result.

But LASSECASH is already on the market and a ready social media in less then a week.

https://steem-engine.com/?p=market&t=LASSECASH

With less promotion and no young beauty to promote it.. although a social media with rewards in the LASSECASH will be highly rewarding truth content and more personal style social media post.

The competition will be steep.. and we will all win :)

Appics is Appics and Lassecash is Lassecash.

What is the world without healthy competition?

:)

Hope no one is afraid of heights 'cause we're headed to the top!

Appics is an actual application that runs on your smartphone. So it's very different from lassecash.com, which is just a clone of Steemit's website.

Probably, then we have to trust that application and is it ready?

Posted using Partiko Android

They have the beta you can download.

I dont trust it.

Posted using Partiko Android

What part?

LASSECASH has other settings and other distribution then STEEM, right now its cheap to become a whsle in LASSECASH

Posted using Partiko Android

Anyone can make a clone. Why not just make another Clone of Bitcoin and call it Bitsteem. And try to convince everyone that it's better because it's cheaper?

Do what you like.

Posted using Partiko Android

I was introduced to @appics from my good friend @brittandjosie from the @steemterminal and @heyhaveyamet. Dealing with Multiple Sclerosis, I sometimes don't have a great deal of time to focus on lengthy posting. This is a perfect way for me, to still provide positive and quality feedback and engagement.

I have helped several new, as well as current Steemians, learn about this awesome application. Conversely; after installing the Telegram application, and joining the Telegram Appics Community, @Josephine went above and beyond to ensure I had ALL the details needed, to interact with, and use, the @appics application. Without a doubt, your commitment to community is oblivious and well noted! After reading through this several times... to me, it seems like a "win-win" situation. Thank you to all involved... from not only @appics and @steemit, but the @steemengine as well!!

Hey @wesphilbin! Thank you very much for your feedback and such kind words!
We really appreciate it. The community is our backbone and our users and investors are always our top priority! we're happy to present this solution to our community and can't wait to see it in action!

@appics

Most welcome... can't learn and succeed, without feedback from your users... I look forward to seeing where you go, as things advance. Appreciate your reply!

Interesting. I have seen Appix around and never paid much attention to it this post was informative and prickled my interest. Will check it out. Guess I am a tad bit late to this party then. Lol🤭

Hey Michaeljn! You’re always welcome to join the appics family 😁 please email us [email protected] so we can invite you directly.

let us know how you like the app and if your have any questions!

We love Appics. Thanks for staying with Steem despite all the hardships. Looking forward to using the new platform.

Hey @adetorrent! Thank you for the kind words, much appreciated!

Long-term Strategy: The EOS ecosystem is developed rapidly and having an EOS-based token, comes with the ability to completely move to the EOS blockchain in the future, once there is a proven code base and social framework that might be released by Block.One or developed by APPICS and other ecosystem participants.

This part is why I have mixed feelings about this project. But I do love the interoperability between the chains. I hope many other projects would go down that route.

Yes, I think I know what you mean! I am a bit wary myself, Block One and some issues.

Posted using Partiko iOS

  ·  3 months ago (edited)

I’m looking forward to the launch 😎

Also if I post on APPICS, would it still post on steemit.com? Thanks! 😀

Yes, that won't change, everything will still be posted to the Steem blockchain.

Thanks! The man with all the answers 😬

Posted using Partiko iOS

This sounds awesome! The main thing that catches my eye is the 2 for 1. Earning both Steem & APPICS tokens will be a huge plus. With the ability to trade APPICS tokens for EOS, I’m in!

Hey @daltono! Thanks for your feedback, we're so excited for what's to come!

It sounds really good @appics please don't abandon Steem but I am in support of your dual blockchain solution as long as it is a permanent solution.

There were so many exit scams like @dlive @dstors and now @magicdice but I looked at your company's background before and you seem to be a lot different from them.

Cheers!

Really looking forward to the launch!!!

Thanks Fabian! Yes we are too! 🙌

This is fuego news indeed, I'll be looking forward to the next phase of this journey!

Hey @ange.nkuru! Thanks, great to hear! we're so excited as well!

Good decision! To be honest I think the move to another blockchain and release of APPICS app should have been done earlier. You would have a tremendous first mover advantage last year because of the great app you build. Now it is getting more difficult to compete since there are various good mobile apps on EOS as well. All the best!

Thank you! As you know, we started this project 2 years ago and have built a strong, passionate community along the way.
we don't see any competition with other projects, our aim is simply to bring the benefits of mass adoption to the masses. and if others are working on that too, that's great!

Congrats @appics I am happy with your decision 😀

Very good article, thanks guys for the effort and the time

Hey @sryocsan! Thanks for the feedback, we appreciate it!

I Love you Guys, and this is Actually Great News for many users like Me.

Hey Mauricio! Thank you for your support!

Sounds great :)

"APPICS token holders on ethereum will be able to register their Steem account name to receive tokens to a steem address."

I like that :D Will see soon in action :) All bounty earned in the past will be back too I hope? ;)

Hey NEO!
Sure, the customer platform and bounty program will re-launch next week. Of course, everyone's previously earned bounty stakes will be in their accounts.

Good news! Bless 😎🙏💟☯️

Posted using Partiko iOS

This is super fire news, truly the best of both worlds. Congratulations to the entire Appics team. Making power moves without a doubt. We are in here

Thank you @verbal-d! 🙏🏼 We appreciate your support 🙌 let’s do this!

Great decision @appics, leveraging the power of EOSIO ecosystem to make things happen is a good move. A dual-blockchain strategy is the way to go. We have to be agile & agnostic. Why not form a strategic alliance with @busy and @esteem to bring this collaborative dual-blockchain solution. The Steem community will still benefit from your dual blockchain experience. VOICE, the newly announce EOSIO social network will have some good competition. It will be good for the entire DPoS universe to have many social networks all connected together and servicing different niches. Again congratulation for taking this move. Welcome to 21st century social lab.

Hey @pnc! Thanks for your feedback!
We are also very happy with the dual solution we were able to work out.
we're rooting for every blockchain business that is pushing crypto towards mass adoption! We're also happy to see other blockchain-based social networks succeed and can't wait to see how voice will develop.

You are right, it's a new era, and we are witnessing it right before our eyes!

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvoting this reply.

Help me understand

Let me know if I'm getting these points right.

  1. The Appics app is simply interacting with the Steem blockchain.
  2. Appics is creating a token (APX) on the Steem-engine that runs on the Steem blockchain. Each time a person gets an upvote, they will get both Steem and APX?
  3. If they want to convert this to EOS they would use the "Appics Foundation Account" as the middle-man to convert from Steem to EOS? Similar to Blocktrades.us?

If so, is this foundation charging a fee to convert back and forth?

  1. EOS has no part of the app. EOS only becomes a part of the conversation when wanting to convert from STEEM to EOS.

Would be great to get some clarity on these 4 points.

Its been a long wait but so glad @appics is finally being launched ! Love the two for one earnings ! I totally agree that "It has been a tough journey - but the most difficult roads always lead to the greatest destinations."
Very exciting times indeed, I am so looking forward to the launch , just hope its easy enough to trade tokens. Go Team Appics its going to be EPIC!!
Upped and resteemed

Hey Karen! Thank you so much, we always appreciate your kind words!

Your welcome 😀🙋

Posted using Partiko Android

Expecting so much this innovation from APPICS

Posted using Partiko Android

It's sad that SMTs are still not available. On the other hand... We know that Linux emwas made by enthusiasts, thus - who knows. Several initiarives like yours and it could be a revolution

Posted using Partiko Android

Thank you Alex ! We’re very happy with This alliance and are excited for the future!

Use of dual blockchain will be revolutionary

That's a good information. Looking forward for this one.

Hey Amar! Thanks, we're so excited as well! 🙌

Wow 😮:)! I’m amazed and can’t wait for it! Congratulations team APPICS

Wow 😮:)! I’m amazed and can’t wait for it! Congratulations team APPICS

Thank you so much, @celestin25 !

Let’s go 🙌 This will be (e)Appic(s) 🔥🔥🔥

Yes 💥💥💥

Also, is Appics decentralized? And open source?

I love this! This gets me more excited to use Appics even more. Thank you so much for working hard to make this such an awesome platform! I am an Insta girl so will definitely be using this more. Also the 2 for 1 token/steem incentive is icing on the cake. :)

Hey @pixiepost! Great, looking forward to seeing your posts in the app!

Thank you!! Keep crushing it. 🙌💓

Posted using Partiko Android

This sounds like a great solution 😉 glad You guys haven't waited 3 weeks to come clean eheheh ❤️ now what about the tokens we got during the ICO?

Posted using Partiko Android

Hey Sergio! The tokens will be swapped in a 1:1 ratio once the custom blockchain solution has finished development!

And since You have been waiting for this for so long and have been working in the background... when this new update and solution will be released (soon?)

Follow the money :) Decentralisation does not matter. Eos is fantastic. We love Huobi and Bitfinex. Keep it up 😅

Posted using Partiko Android

Alhamdulilla! Awesome!!
We have waited so long for this announcement. Now time to go🚀🚀

@toushik, thank you so much for your support AS ALWAYS! We're ready to GO! 🚀

No idea how this will all play out but great to see the innovation and combination between blockchains which I expect we will see a lot more of going forward. Love the project and a great step forward.

Thank you very much! 🙌

So happy to read this, what an amazing direction you take here, hail to your advisors

Posted using Partiko Android

Sounds really innovativ. Resteemed :-)

Vielen Dank! Das freut uns zu hören!

Right on Everyone! This is pretty awesome. I am going to start using Appics!

Great to hear, @yogajill! Let us know if you have any questions at all!

Interesting, but I’m a little unclear on a couple points... is Appics just using blockchains for the token balances & transactions? It seems from the reading that neither a Steem or EOS account is required. Are the content & application going to be a “normal” centralized database?

Will users currently posting through their Steem accounts have the option of not cross posting to Steem? As the formats are so different, I’d actually prefer to separate out the apps and only mirror posts manually if I choose to.

  ·  3 months ago (edited)

Hello bryan-imhoff!
Thanks for your feedback.

There is no centralised database, all the voting, reward-distribution and staking mechanics are performed directly on the Steem blockchain using Steem-engine. Regarding cross-posting, there will be a specific tag for each post and if a user doesn't want to have the post show on Steemit, he can simply tick a box and it won't show on the Steemit interface.

Thanks for the reply, glad to hear the cross post will be optional! But again, just trying to get the model clear in my head. Rewards, voting, staking, all recorded on chain; but is the content? Obviously if I choose to cross post to Steem it will create a Steem post, but where is the content natively created in the Appics App by non Steem account holders being hosted? On Steem, EOS, a EOS-IO sidechain, or on a standard database? Being so photo centric as Appics is, this isn’t a huge deal I guess since photo hosting has always been off chain, but I’m just curious about the structure.

Yes!!!

🙌 🙌 🙌

when will this become active?😍
When are we going to start seeing all the changes on the app. And when do the token holders start to register their steem account names?😊😊

Hey @ced000!
The bounty- / customer-platform will reopen this week. Then, investors will be able to register their steem usernames to receive their tokens there after the token swap.
The blockchain solution is still in development and will be integrated automatically with future app updates!

This is a great way forward, nice work.

Posted using Partiko Android

This is great news. Excited for the upcoming update.. way to go @appics

Thank you! 😁

How long is the wait for approval?

Posted using Partiko iOS

Never mind. I found where to download the test flight app.

Posted using Partiko iOS

Hey @shainemata, let me know if we can assist you further with installing the app or answer any questions!

good

Congratulations @appics!
Your post was mentioned in the Steem Hit Parade in the following category:

  • Comments - Ranked 7 with 63 comments

No plans for an onboarding solution? Like incubation accounts?

@appics, thank you! Great news!

Posted using Partiko Android

Wow, that's some breakthrough and good news... #LoveAppics

Posted using Partiko Android

Thank you, @zylad! 🙌

Great to see some progress! Can't wait to start using the real thing.

Thank you, @czechglobalhosts! We're also excited for the future and happy to have the community with us on the journey!

I couldn't be happier. I love Appics and want it to revolutionize social media as it is. Very glad to see that you have decided to stick with steem.

Hey @blind-spot! Thank you for your kind words, glad to hear you are excited about this solution - we also can't wait!

Wow this is great news guys !

Posted using Partiko iOS

Thank you! 🙌

This is really exciting news for me... I love @appics so much and this news made my days... Thanks for staying on this blockchain.. Now waiting for all new updates... I am already a user of @appics.. Is there anything i have to do now for next update?? I am little bit confuse...

Hey @priyanarc,
Thanks for the kind feedback! We appreciate it!
There is nothing you need to do, the changes will be introduced in future app updates. You will be notified in your Testflight app (on iOS) or in your google play store (on Android)

Way to go @APPICS !! Great idea and awesome that you guys found a way around SMTs. Good luck for the future 😃

Hey @justdentist! Thank you very much, we appreciate it! Best of luck for your future as well.

No doubt that EOS is the great and fast growing blockchain. But thanks to @appics still stay to the steem Community.

Posted using Partiko Android

Yes, we're merging the best of BOTH worlds! Thanks for your feedback!

This is gonna be huge! Can’t wait.

Posted using Partiko iOS

Thank you 🙌 yes we're so excited as well!

Hey guys, look at what @threespeak is doing with incubation accounts. I feel like this should become the standard for any Steem dapp going forward. Login with your Google account to earn crypto? You can't make things more easy for normies than that.

Anyway, I love what you're doing with the project. The onboarding has been an issue for every dapp developer though and @threespeak is showing us the way to solve it. So let's make @appics even greater, I really want this project to succeed. :)

Hey @tamiil! Thanks for your feedback! threespeak sounds like a very interesting solution, we'll check it out!

Yes, that's what I like to hear. :) It deserves being looked into. And if it turns out it won't work for you, at least you know for sure.

Finally! This is great news. I was wondering about my appics tokens already.

So could you please explain me what should I do?

I have Appics tokens just waiting. As I understand because of this alliance we will be able to trade the APPICS tokens and also to put them to work within our Steemit Accounts?

So if there is anything I must do, please let me know.

Great News!

Hey @theghost1980! Thank you very much for your feedback, glad to hear you are so excited!
As investor, there is nothing you need to worry about.
After our token swap, you will receive steem-based tokens in your steem account.

Our customer platform will go back online this week, there you'll be able to specify your steem account prior to the swap and then you will receive your steem-based appics tokens later on in your steem wallet.

@appics

The conversion is performed through a gateway

This means the platform is not going to be a decentralized solution ?
It should be fairly easy to use a decentralized solution to address this scenario.

Glad things are moving forward with Appics. Is the Appics token pegged to Steem or is it its own volatile asset?

Hey @daveonarrival! Thanks for your feedback!
You are correct, it will be an EOS-based token that is actually pegged to a STEEM token.

Congratulations @appics! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You distributed more than 1000 upvotes. Your next target is to reach 1250 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Congratulations @appics! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

The Steem community has lost an epic member! Farewell @woflhart!
SteemitBoard - Witness Update
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

cool!

i am very much happy that finally bear market is over and i hope steem coin and eos does great.

Nice Project Guys

Posted using Partiko Android

Welcome back Appics

OMG, the best news in a long time. I have been waiting for Apppics since DAY ONE of your original announcement. Incredible how Steem-Engine was able to do what Steemit wasn't. Great choice to combine Steem and EOS and peg the XAP token. This is going to be fast and very useful. And we will be able to get started soon, like next week or so?

Hey Flauwy! Thanks so much for your kind feedback. The custom blockchain solution is still in development, we're so excited as well!

So happy to see you guys able to really get the forward progress that you'd been held back from all this time.

I feel like you've always been the only Steem app that understands marketing and the value of it. One question, so now when a user posts to Appics will appics be it's own closed system or will those posts still show up on all the Steem frontends?

Hey @midlet! Thank you for your feedback - much appreciated!
In the future, users will have the option to have their posts reflected on steem frontends (since we're still connected to the steem blockchain) or if they'd rather have the posts show up ONLY on appics. It will be up to you!

That’s awesome! Thanks 😊

Awesome! You guys convinced me to finally download this app. I’ve been to slow to adapt lol

Posted using Partiko iOS

Hey @travelersmemoire! Good to hear that! Let me know if we can assist you in any way!
To receive the download link for Android, please email us your google play store email address to [email protected], we'll need that to invite you!

Great thinking out of & breaking the box! @Appics team!
I’m rooting for your success! 👍🏼

Posted using Partiko iOS

Hey @nigelmarkdias! Thank you very much! This success is shared with everyone in our APPICS Family too!

👍