TI Rating Report: APIS
APIS is a node operating platform deployed on Ethereum Mainnet, formally beginning in Q4 2017. In the cryptocurrency network, masternodes act as "servers" and relay transactions as well as occasionally process other specialized tasks. Users in a masternode can receive masternoding rewards periodically in the form of the cryptocurrency specific to the masternode.
The intention of APIS is to provide a platform that enables various types of users to have simple access to a two-tier incentivized network (masternode network). As disclosed, APIS launched its services in 2018 that support Web, iOS, and Android devices.
$APIX is the primary token of the APIS platform issued on Ethereum, which allows users to access the blockchain products on the APIS platform. On the APIS ecosystem, users can swap $APIX to APIS mainnet token ($APIS) at the rate of 1:100, in order to own APIS Mainnet Masternodes and PoS Mining Nodes and get block rewards.
TokenInsight gives APIS a rating of CCC, with a stable outlook.