Top Dapp APPICS Leaving Steem. So Steem Creates DeFi Hype While Powering Down Stake.
Recently, APPICS, the top Steem dApp according to StateOfTheDapps, announced that it's moving from Steem blockchain forever.
No, APPICS isn't coming to Hive as announced earlier. Probably, it didn't find both these chains could help scale up its operations. It seems, instant user onboarding and fast app was its utmost priority. So it decided to move to EOSIO based blockchain TELOS.
Telos Foundation has developed a special social media smart contract layer to accommodate the needs of APPICS on its chain. According to Telos Foundation, with this Telos has become one of the most social media app friendly blockchain platoforms.
Steem & Hive community will miss APPICS. May be, it could provide cross-posting but it won't be like actually being present on these chains. But Steem's loss is Telos's gain. Naturally, Telos community is happy to get APPICS onboard TELOS.
Now there isn't any game changing dapp left on Steem. After the exit of dapps like Splinternalds and APPICS, dlease and Steempeak are the top dapps presently working on Steem.
Since Steemit account was powering down all of its 28M SP, and has already moved about 25% of its SP to Binance Exchange, I was wondering if there will be some pump in STEEM price before it could be dumped!
Here comes the news of Steem and Just partnership.
What can be better than a DeFi hype these days?
So Justin Sun is going full on DeFi now.
JUST recently announced about launching a new protocol. JustSwap beta will be launched on 17th August with full official launch on 18th August.
JUST has announced partnerships with Bit Torrent (BTT), Tron (TRX) and Steemit (STEEM) ...lol, not a big deal as all belongs to the same family. Even other tokens are being lured to share and promote its DeFi protocol to get an easy listing on Poloniex Exchange 😁
It also managed to clinch a strategic partnership with Waves protocol. They are using Gravity Protocol as Oracle solution to inter-link both the blockchains for building DeFi together.
So far, all these new announcements and partnerships didn't help moving the prices of STEEM or BTT but it did pumped up JST, TRX & WAVES.
I don't know what kind of partnership it is with Steemit. Will SBD be used along with USDJ as a stable coin for DeFi? Will STEEM be used for liquidity or governance or something ...I don't have faintest of idea. Whatever it is, but if it works, I feel this is the only master stroke, that can save Steem if anything!
Thanks for doing this crypto news... I like to read your stuff!
Thank you Zoltan for appreciating this stuff!
lolz...very true. They'll dump hard.