Hello.
Last posting briefly explained the ROI and investment value of APIS.
Now let's look at what functions will be implemented in APIS platforms.
If you read the white paper carefully, the world that APIS is going to implement has a wide and broad field. One of them is the mineral system. Many people seem to be wondering what a mineral system is. To make it easier to understand, you can think of minerals as the gas of ethereum. In eth, gas is needed to transmit eth or ERC-20 tokens. However, to use gas when it is sent from here, it is applied to some fee concept. Commissions are charged so much if the sender wants to send them quickly. On the other hand, If you do not think about the time needed for transmission, that's a small fee. By default, an eth token shows that some money is needed for transactions.
Think about the mineral system in APIS.
In the white paper, APIS will only have some APIS in its own wallet and produce minerals over time. This concept reminds us of how POS works. You can transfer APIS to other wallets or exchanges with minerals that occur over time. Every transmission has a different characteristic than the ETH that needs money.
I thought again.
Will these mineral systems be necessary only for transmission?
My conclusion is no. APIS plans to create DAPP to form an ecosystem of APIS in the fourth quarter. In the case of the ETH, there are thousands of DAPP's. Those DAPP's have to pay a certain amount of commission each time they send information or value in token. The fee is expected to be greater than expected. But the case with APIS is different. Unlike the ETH, it will naturally charge minerals and develop the ecosystem. Some companies develop at a certain cost. And there is a company that develops it at no charge. What technologies are more economical and can produce higher value outcomes? I think the latter. Initially, the role of the platform is to innovate in order to develop an ecosystem at a higher quality. I strongly believe that APIS will be the backbone of this innovation.
One might think that the mineral system is just a reduction in fees. But if you look at the broad eye, the mineral system is innovation itself. I think the mineral system will be at the center of the development of the ecosystem that I mentioned, and at the same time we will be able to explore other areas. When these systems are established, there may be a big shift in the crytpo currency market. I believe that APIS creates a more advanced crytpo currency market.
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