It's 1. a regular app; plus 2. a shortcut to get into that app that can be accessed with one swipe from the lock screen; plus 3. a lock-screen widget that displays if the phone fell asleep while the app was in the foreground; and finally, 4. a separate "lock-screen embedded pseudo-app" (sort of like the Camera one you get to by swiping left on the lock screen), which you get to if you tap the "Remote" Mission Control button without first unlocking the phone. This last view allows people to still use your locked phone to pause the Apple TV it's controlling, if you're not there to unlock it for them.
It's too bad that no third-party app on iOS can achieve this same level of integration.
Ideal is the device is instantly unlocked when I pick it up - which is also the reality I have as an Android user, but you can experience this on iOS as well with jailbreak mods. And with widgets it's then zero swipes to get to my lightbulb controls, which is just sweet.