Announcement: APPICS' Dual Blockchain Solution

in #appics5 years 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
Sort:  

💥⛵️🚀🙌🏽

💥🚀😁

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

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

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

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!

Coin Marketplace

STEEM 0.19
TRX 0.14
JST 0.030
BTC 60035.79
ETH 3187.54
USDT 1.00
SBD 2.45