This token belongs to a platform that wants to take the work and the expense out of owning a masternode. Traditionally, to create a masternode investors need to have a large number of coins, and they will also need to learn how to use a VPS in order to run the node.
This often takes a good deal of time committed, not to mention the knowledge required to do so. What's more is that masternodes can be prohibitively expensive. A Dash node, for example, will cost an investor hundreds of thousands of dollars for the 1,000 coins required to run it, and you can't get started unless you have all of them up front.
If however you instead invested in this token you would be able to purchase a share of a Dash masternode along with other investors in the same boat as you. Then you would receive payouts based on your share, which is how many tokens you have purchased. This gives even investors with only a small amount of seed money the ability to earn from highly desirable nodes they may not have otherwise had access to.
Keep reading to find out more about whether or not you should make an APIS investment. This article will go over several key points that you should consider before making a commitment.
The selection of exchanges upon which one can buy APIS is pretty tiny. This little token does, however, have a surprising amount of volume going on though, and the available choices should be adequate enough to make a trade. Bitcoin is the largest trading pair here, but there's also enough liquidity in Ethereum to support a trade if you'd prefer to use that.
This is an ERC20 token, and investors will need to find an Ethereum based wallet to store their funds in. It's never a good idea to keep your investment on an exchange because this is the most common place where investors lose funds! It's very easy to have your login information stolen. Do yourself a favor and get a real wallet like Meta Mask or even a hardware wallet like a Ledger to protect your money. Make sure to make a backup of your wallet too in case you ever lose access to your wallet.