Social media network APPICS aims to reward users for their online time by paying them in cryptocurrency. It's proposed that creators on the network would receive 65% of revenue generated from their content, 25% would go to users who support the content by liking it and 10% would be reinvested into the platform. Payments will be in 15 of the first smart-media tokens on the Steem blockchain. The company, which is raising capital with an initial coin offering, is also touting its no-censorship policy for content, putting it at odds with the likes of Facebook and YouTube.
Social media network APPICS aims to reward users for their online time by paying them in cryptocurrency. It's proposed that creators on the network would receive 65% of revenue generated from their content, 25% would go to users who support the content by liking it and 10% would be reinvested into the platform. Payments will be in one of the first smart-media tokens on the Steem blockchain. The company, which is raising capital with an initial coin offering, is also touting its no-censorship policy for content, putting it at odds with the likes of Facebook and YouTube.