Bitcoin IRA: Initiating Coverage of APPX (Apptrade)
Apptrade is a profit sharing marketplace, described as “the stock market for apps” but instead of supporting one project, users can support multiple projects and have all the compliance and tracking automated via bitshares. The temporary tokens APPX.WARRANT representing the Apptrade master tokens, known as APPX will start to trade on the OpenLedger DEX immediately after the minimum threshold of 1 million USD has been achieved during the 61 days of the Apptrade Initial Token Offering (ITO) on February 28th, 2017.
Similar to how Ether tokens were issued during a crowd sale, then redeemed into Ethereum (ETH) on a 1 to 1 basis once their network was launched, the temporary token APPX.WARRANT will convert 1:1 to the Master Apptrade token APPX, once the Apptrade network goes live.
The estimated timeframe for conversion of WARRANT.APPX to the final asset on a 1:1 basis, will occur in 12 months post token crowd sale or earlier if the project is ready and tested ahead of schedule.
The OpenLedger Decentralized Exchange (DEX), the platform acts as the foundation for a Decentralized Conglomerate; an ecosystem of interlinked and mutually-supporting companies. By using the Graphene toolkit, crypto companies can develop applications or services on top of the framework.