What Is Dappsy (APP)?
Dappsy is a social network platform on the blockchain network that aims to connect cryptocurrency users and communities. The platform aims to provide value to projects and platform users by enabling them to connect with each other. According to the whitepaper, Dappsy looks forward to adapting to decentralization to develop its platform. Dappsy wants to implement strategies that would provide platform users with comprehensive knowledge on the early stages of a project.
High costs for promotion on centralized social networks hinder investment prospects. These centralized social networks often bar users from exerting control over their own personal data. Stringent rules regarding the documentation and legitimacy of a cryptocurrency project demotivate platform users from taking up new ventures. Dappsy aims to create its social network platform in a way that allows quick connections between platform users and projects while also protecting user data.
Dappsy seeks to undertake thorough auditing procedures to make sure that the cryptocurrency project is legitimate so that investors can be protected. The Dappsy platform provides opportunities to projects that join its network which include verification of project currencies, providing funding for projects, and assistance with reaching out to a serious and reliable audience base. On the other hand, platform users’ concerns are addressed through Dappsy by:
Finding legitimate projects
Communication with other investors concerning new projects
Anonymous communication methods
Providing instructional materials for a clear understanding of projects
Creating opportunities to fund new projects
Enabling investors to create and promote new projects
APP (APP) is the native token for the Dappsy platform and its primary currency. The developers of APP envision the token as a currency that challenges the idea of how a social network functions. Holders of the APP token can benefit from a 0% cost to advertise projects on the Dappsy platform. Payments can be made on the Dappsy network using the APP token only. Holders can also use the APP DEX to trade new tokens. The APP token’s value increases or decreases based on its use as a currency.
History of Dappsy (APP)
APP was launched in August 2021. Dappsy was founded by Klajdi Toci and Dionis Shahaj.
