APPICS is a next generation, reward-based social media APP that lets users monetize the time and creativity they spend on social media. Users are in control of their information and transactions. Users who spend their time and creativity, posting and voting on content are the source of revenue for any social platform. The users are like the engine of the network. Unlike on any other popular social media site, where 100% of the platform’s value goes to the shareholders, APPICS enables all users to earn a fair share, as well as influence in the network, through a cryptocurrency reward-token (XAP).
A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
APPICS re-distributes the value of contribution in a social network and aims at rewarding those who contribute the platform, by posting OR finding and liking valuable content. Unlike on any other popular social media platform where the average user only earns “virtual likes” as a form of appreciation, on APPICS users earn cryptocurrency directly from the “likes” of their peers.
APPICS provides a slack room and telegram chat, where users can ask any questions regarding cryptocurrency, blockchain technology or anything else regarding APPICS and receive instant support from the community. Furthermore APPICS has a help-center, “Coin Kitchen”, which offers premium support and consultation for companies and foundations.
APPICS makes use of blockchain technology. Every time the “like” button is used, coins are created which turns every user of APPICS into a human mining machine and instead of paying the miners who secure the network, APPICS pays the people who post, comment and like.
The APPICS token is a cryptocurrency that can be traded and exchanged for any other currency, like Dollar, Euro or Yen. You can also spend your coins within the APP, transfer them to another user’s account wallet or simply hold on to them.
The more coins you hold, the more power you have. The weight of your account determines the impact of your „like“, as well as influence on the platform. Holding Appics coins also increases your own visibility. But most important as the platform grows, so grows the value of having power on that platform.
Each category has a representative in the field, an experienced social media user who has built a reputation and audience on other social media platforms, namely a social media influencer.The influencer’s votes will have a large weight on the rewards due to frozen funds being put into their account wallets. They will be able to judge content and give advice within their specialized category and act as a moderator, filtering valuable content, as well as bringing their existing audience to APPICS and allowing their followers to benefit simultaneously.
On APPICS not every “like” is equal. The more APPICS coins an account holds, the higher its level of influence and subsequently larger the weight of its vote. By earning or buying APPICS coins a user increases his ability to reward others and gain control in the affairs of the platform.
Every user who creates an account on APPICS automatically creates their integrated secure wallet. The wallet stores the tokens. You can keep them as savings or transfer them over to an exchange platform and turn them into liquid cash or any other cryptocurrency.
Every like turns into a vote and the total determines the value of a post. Every like has a weight to it, depending on the coins held by an account.
Unlike on any popular social media site where 100% of the created value goes to the shareholders, APPICS aims at creating a social network where the rewards get distributed among all contributing parties in a fair way. APPICS gives 65% to the content creator and 25% to the people who “like” content and interact on the platform. The remaining 10% will go towards sustaining the network of a social-influencer based economy and scaling of the platform.