RE: Dew News - Folding @ Home - 1337 Coin - Ubiq - Rise
I did a little research into APX ventures today. There bitcointalk forum got shut down for some drama. I was really trying to figure out what APX was all about. So basically this is a comment in telegram.
"Hasan Aks
So the good things about apx is?
APX is big holder of UBQ. It's hard cap was reach with ico. People could buy 5000 ubq for 681 APX. Now ubq has risen to 90k sats."
SO it's not its own block chain but attached to the UBIQ blockchian, They will be releasing a sort of platform to rate and help projects gain funding. They reserve coins and buy back in and such. It's hard to explain but here is the sheet explaining it.
https://drive.google.com/file/d/0ByqyVzIU5PtFLXp2UGZPcUFYd1U/view
Hasan Aks
They will buy the coins back eventually?
Yes APX will buy and burn it
So APX hold 600k ubq and 75k for APX incubator
25k NDF and 300k will convert
I guess it works as an anti inflationary device too...idk man. it also has some very genius investors on bored.
SOoo screw it I will throw 40 bucks at it. DGAF bro!