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RE: Steemit SMTs and How They'll Impact Steem's Value
I guess that they have the backing of the Steemit team, so that gives them a bit more validity. I just can't wrap my head around the purpose of introducing tokens when there is already a currency to promote posting. Is this for encouraging posting within a certain tag? I can't understand the motivation to get these coins or hold them, instead of instantly converting them to steem or SBD?
APPICs is an entirely different platform so their content will differ from Steemit. And each SMT can program their blockchain differently so it will differ slightly from Steemit. For example, some rewards will go back to the company for application costs. But there are a lot of different parameters they can program which will make them unique.
And you would want the APPICs coin if you're going to be using APPICs. Just like with Steemit, you need Steem to function on the blockchain. But if you're not going to be using APPICs, then the only reason to have the coins is as an investment.