APX is an experimental blockchain project based off the same token standard as Ubiq (which is also the same as Ethereum’s) — ERC-20. This experimental project was produced by APX Ventures, a company offering blockchain solutions. When APX launched its ICO on Bittrex in summer 2017, it raised just under 1,200 BTC, making it one of the most successful Ubiq spin-offs currently available. Read more about Ubiq here. APX does not represent any sort of equity or profit sharing of APX Ventures, although the company is supporting and developing the cryptocurrency. The APX ecosystem consists of mining contracts, a crypto review platform, and an APX burn program. The burn program buys back APX from operation gains, and then “burns” it (aka destroying it). This means, the better that APX does, the less of it that is available (and likely, the more it will be worth). This is also part of a strategy to prevent the value of APX from fluctuating too much.
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