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RE: Announcement: APPICS' Dual Blockchain Solution
Help me understand
Let me know if I'm getting these points right.
- The Appics app is simply interacting with the Steem blockchain.
- 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?
- 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?
- EOS has no part of the app. EOS only becomes a part of the conversation when wanting to convert from STEEM to EOS.