That is true that APPICS is built on the SMT System which runs on the Steem Blockchain. In order to have enough Bandwidth power to operate the APPICS app on the Steem Blockchain they need to hold Steempower. Only if the APPICS SMT Account holds enough Steempower only than the app will run smoothly. That means as more Users will join APPICS and it becomes more successful the more Steempower they need to run the app smoothly therefore the whole Steem Ecosystem profits from it - a perfect win/win situation!!!
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How does this happen if the SMT still do not come out ??? in the post they talk about ERC20 so I think they took it out on the ETH blockchain
Only the ICO Event is running on Ethereum so lets say only the distribution part of the tokens. The final App will run on the Steem Blockchain and all ERC-20 Tokens will be converted to SMT system as soon that thing is ready to launch!!!
Yes, I've already read a comment from @appics, thank you very much for your clarification, I'm glad to hear that