My concerns with the Appics economics

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Circle jerk

I have rejoined the Appics blockchain recently and was abele to swap the APX tokens that I had left on Steem for the APX tokens on Telos. So far so good. But apparently, others are having problems with that swap, like @onealfa, which is or was a whale on Appics with over 400k tokens. His haven’t been swapped yet, which makes me suspicious.

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Soldier, one of the owners is making loads of money with her shots

Especially when you take a good look at what posts or maybe better the posts by who get the most rewards. It looks like the usual suspects once again. The Appics team, Soldier, Celestin, agent, and the ambassadors get major upvotes, by eachother. It’s really not that important what you post, but more or less if you’re part of that inner circle or not. The whales upvote themselves and eachother and make the distribution gap between the big accounts and the small ones bigger and bigger.

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Stefferetto, a whale getting bigger by the minute

Off course such an economy is not sustainable and drives the price into the ground, but I guess they don’t realise that.

And the there’s another concern, curation rewards are only 25 % and downvoting is not possible, so self voting is encouraged extremely by this.

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My biggest reward so far, my first post, it got some “Welcome back” votes

There sure is a lot of work that needs to be done to make this project a success. I will keep on posting there, just because I like photography, but I am not expecting to get big returns…

Sincerely,

Pele23
Pele23



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13 comments
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Thanks for sharing , I will download it and discover it.

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Ass and tits will always make money. I have never used this app and will never do. When project blank will be available I will shit post once again. For the moment most of my content is blog posts.

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Curious about project blank too, but I don’t consider photography as shitposting…

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In general I agree. Look at INSTAGRAM. How big it is, how many users it has, etc etc.
APPICS say they want to become Instagram 2.0

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Thanks for your concerns.
I'm curiuos why don't you use #appics tag on your post?

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Oh, I just forgot it really… Did you get your swap already?

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What these managers fail to realize is that the long term success of the project is good for even them. Humans though.

Posted Using LeoFinance Beta

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Was a big hassle to set it up again?
Also do have some appics, but I do need to create a new account or don't I?

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I used my old log in e-mail, reset the password and could swap my tokens. My old username wasn’t possible though…

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