Appics: The First SMT Created Token...Article From Cointelegraph
Is Appics a Facebook threat?
At this moment, the biggest threat to Facebook is most likely...Facebook.
That said, it is interesting to see so many who feel blockchain is the answer.
There was an article on Techcrunch that talked about this...
This is essentially nonsense. For now. Its fundamental flaw is the fundamental flaw of most grandiose decentralized blockchain notions; they are too much, too large, too megalomaniacal, too soon. They want to supplant the entire existing order, whether it be money, the entire financial sector, democratic governance, social media … or, really, pick a field of human endeavour, there’s probably some white paper outlining a token-based decentralized wholesale replacement for the way things are done now.
Dear blockchain people: stop it. I like big thinking as much as anyone, but in practice you don’t change things by overthrowing them. You won’t blow out a torch that’s been burning for many years with your new Big Bang. Instead, in practice, you start small, with a tiny cohort of enthusiasts, and you iterate — sometimes for a very long time — before you get any traction that the wider world notices at all. You do not, repeat not, gather a band of adventurers together in an inn to immediately form up and charge The Wall.
https://techcrunch.com/2018/03/25/towards-a-world-without-facebook/
I guess this author never heard of the STEEM blockchain.
Fortunately, the Appics team did. They are the first to create a token that is going on the STEEM blockchain. They initially were going to use the SMT for their ICO but the delay in that protocol led the to use ERC20. Either way, they will be on the STEEM blockchain.
Cointegraph.com picked up on this. In an article today, it stated this...
APPICS looks set to be on a collision course with big players such as Facebook and YouTube – especially when it comes to issues surrounding censorship and advertising.
This is a mighty high bar to set for a new application. The advantage that Appics has is the success on STEEM is already proof that what they are proposing can work.
What is exciting about this project is they are really gearing towards the mobile market. This is something that is huge. The average time spent on social media is two hours a day. Mobile usage is exploding especially as the 3rd world nations come online.
Censorship is a big topic these days. The advantage that Appics is proposing is the ability to engage in social media without censorship from Big Brother. Zuckerberg is really creating a mess for the traditional social media realm by bringing these issues to the forefront. Of course, Google/YouTube finds themselves in the same boat.
Another aspect of Appics is that it is truly to be open to anyone.
APPICS seems to understand that ease of use will be vital to its success, and so it aims to make the platform and its cryptocurrency element accessible to the masses without any need for an upfront financial contribution.
https://cointelegraph.com/news/social-media-app-to-reward-users-for-their-time-with-cryptocurrency
This is crucial. While many like to tout the get rich quick schemes, people who are seeking to get away from the tyranny of Facebook are not looking at that. They are looking to participate in something they can get into easily and voice their concerns. This cannot be done on Facebook.
Without seeing all that Appics has to offer, it is hard to say what kind of dent they will put in the Facebook empire. Remember, Instagram is owned by Facebook and, as I understand it, Appics is designed to go after that market.
The ICO is on the 28th for those interested in it.
Also, they are offering tokens for those who help spread the world.
If you would, my referral code is:
https://ico.appics.com/login?referral=lP9RYxGg
You can earn tokens for linking to your STEEM account and/or Facebook/Twitter.
If you found this article helpful, please give it an upvote and resteem.
To receive the free basic income tokens you are entitled to and help end world wide poverty, please click the following:
Picture by Google Images
If you really think about it, Zuckerberg/FB did a huge favor to the decentralization and anti-censorship movements with the Cambridge Analytica fiasco. His timing could not have been more perfect!
We should be thanking Zuckerberg! LOL
Absolutely @techwizardry.
This is making news all over the place. The MSM is on the story...granted they are looking to blockchain for the answers but some of the tech sites I visit are. It is the beginning stages of what could be a long discussion.
Now if STEEM would only solve the onboarding problem, we might see some major sign up activity.
Hard to take advantage of this when 200 people a day are approved for accounts.
I thought they opened up the signup process a bit more. Are they still manually approving accounts?
I call Wizard. Do we have a healer?
Ranger here
If a cleric with no faith can still heal, I'm in!
@freedom bought 6.3 Million XAP during the presale a few months ago. I will be happy to accumulate a more moderate amount if I'm lucky. The goal of 2018 is to accumulate as much SMT as possible.
I wonder if having STEEM will help on the sites that are developing tokens using SMTs.....or does it not matter...
LOL 6.3 XAP is out of my league too....
But it is an interesting idea, start to accumulate whatever SMTs come out.
Maybe. According to the SMT whitepaper. The STEEM SMT is a required votable asset for every post/comment. So they may choose not to support the STEEM SMT in their individual UI, but STEEM can be earned regardless.
I was really hoping for some of these tokens like @appics and @onstellar to take advantage of a reasonable airdrop and "influence sharing" as mentioned in the SMT white paper, but they seem more focused on building their user base outside of the Steemit community. That is ok with me. Some tokens will want to leverage the existing user base. Some will want to silo and do thier own thing. Ultimately I believe the most successful SMTs will focus on a fair distribution of the initial tokens and take full advantage of the SMT protocol features like Automatic Market Makers, Influence Sharing, and a consensus level SMT ICO contract. Whatever approach they go with they will ultimately need to acquire the STEEM SMT to have the bandwidth to power their dApps on the blockchain. I really don't think many Steemians or FUDsters have really digested the SMT whitepaper to really see whats going on. I have no idea which SMTs will be successful, so I plan on accumulating all of them I can. The good, the bad and the ugly.
Onstellar is another SMT?
I missed that one....I will have to research that more....
Thanks for the 411.
Yes, @flauwy did a post about it a week ago. I feel less confident about it than appics.
I am with you about the SMTs and people not understanding....I think you are right...maybe 5% of the people on here read the SMT white paper.
Talking about these two tokens, imagine when there are 100 or more different tokens on this blockchain created using this....all of them needing STEEM for bandwidth. And as much as these two projects might be nice, what if a household name decides to use this protocol? How many people is that...potentially hundred of thousands of followers, maybe even millions?
SMTs could really be huge.
But really the author isnt far-off. Like, there needs to be some kind of chill. Right now there's a whitepaper for a decentralized anything you can think. Most ill-thought. We're still going to get there, people. But, for God's sakes, careful steps!
Just now learning about appics. Good info!
Read my warning about appics first. They have been banning people on Telegram that has asked deeper questions about the project. They didn't show any passion for the project. They have no previous experience in this area. Read the other critical comments too below my blog post. Appics will have moderators that will control what gets shown. They will have more power than the rest in voting weight. Be sure to educate yourself and see a working product before investing.
I definitely agree. I am naturally slow to invest in something before it's proven.
Thanks for share experience front us
That's exciting. We've been hearing about SMTs for a while now, but haven't seen any come on board. That would be a huge step for them, and for Steem.
How is that going to work? They're using ERC20, but they're switching to Steem?
That is my understanding.
They are taking payment for the ICO in ETH but they will switch blockchains....
That is what I read anyway.
Interesting. I haven't heard of that. Intriguing though. Can't say I'm sad that it's coming to the Steem blockchain though. It's going to be the first step to increasing the value.
Do you know if we will XAP( i think this is the ticker for appics) tokens for holding Steem? I thought I heard that once but have not been able to confirm. It would be awesome if we did.
According to their white paper, they set aside 12M XAP for Steem holders. Of course, Vice claimed the same thing and reneged on it.
So I am not sure what the plan is for XAP. I would believe, since they are on this blockchain, they will carry through with it. It will only help to lure Steemians to use the app which will only make it more popular.
But that is just a guess...other than the white paper, I heard nothing else about it.
Thanks for the reply. I hope we get some.
What does appics have to do with SMTs again? They were going to do one but then they just created their own chain?
They didnt create their own chain...that was Vice.
Appics was going to do SMT for their ICO but went ERC20 because of the delay. They are going to move to the STEEM blockchain once it is complete.
oh nice... So many technologies to try and keep up with. It can be daunting.
Thanks for giving us the heads up on how to earn some tokens. You should cite your source regarding the first image.