Appcoins: A Smart Investment Move?

AppCoins (APPC) is a project that aims to decentralize the in-app payment economy and create a universal digital advertising protocol for mobile devices. It is an application-specific token that can be used to incentivize behaviour to raise money for app development. AppCoins was built by the Aptoide team, an alternative Android app store launched in 2009 by Alvaro Pinto and Paulo Trezentos. As of its latest reporting, Aptoide has over 800,000 apps available and is used by more than 200 million people worldwide. AppCoins' APPC tokens are ERC-20 compatible tokens running on the Ethereum network. The project completed a blockbuster ICO in 2017, raising $15.3 million.

AppCoins' potential to disrupt traditional industries

AppCoins (APPC) is a project that aims to decentralize the in-app payment economy and create a universal digital advertising protocol for mobile devices. It seeks to incorporate blockchain technology into the mobile internet transaction system.

AppCoins has the potential to disrupt traditional industries in several ways:

Decentralization of the In-App Payment Economy

APPC provides a decentralized payment system linked to mobile applications and app distribution. It aims to reduce third-party intermediaries and middlemen, who often inflate the price of apps. By moving the mobile app ecosystem to the blockchain, AppCoins can introduce transparency and provide incentives for both users and developers. For example, a transparent dispute system and a ranking system for developers based on trustworthiness can address issues with the current slow and inefficient app approval process.

Improving App Advertising and In-App Purchases

AppCoins addresses the fragmented and expensive nature of mobile app advertising. It creates a standard that allows developers to easily advertise to new users, with proof-of-attention ensured by blockchain technology. This reduces concerns related to fake identities, double attribution, or repudiation. The AppCoins advertising model involves developers paying for user attention, with users receiving 85% of this value in their wallets, which can then be used for in-app purchases. This model can make advertising more accessible and transparent for developers.

Standardization and Trust in Reviews

App tokens, also known as utility tokens, have the potential to revolutionize the review system across various industries, including food, travel, and services. Blockchain solutions can address the issue of centralized control of review sites, where reviews can be tampered with or deleted. With an app token, users can earn tokens by downloading a food review app, for instance, and their comments will be validated and delivered intact. This removes bias from reviews, benefiting consumers and honest businesses.

Open Platforms and Crowdfunding

AppCoins also has the potential to disrupt traditional funding models for open platforms. Instead of the traditional model where developers raise money from private investors, AppCoins allows developers to use blockchain to track a scarce token (an "appcoin"). Developers can sell or give away this token to people who want to use or support the development of the service. This new crowdfunding model challenges the concept of equity and provides an innovative way to fund open platforms, rewarding users for their contributions.

AppCoins' role in decentralising the in-app payment economy

AppCoins (APPC) is a project that aims to decentralise the in-app payment economy and create a universal digital advertising protocol for mobile devices. It seeks to add a decentralised solution to the established mobile internet transaction system by incorporating blockchain technology.

AppCoins will allow users to make decentralised in-app payments linked to mobile applications and app distribution. It will also enable developers to advertise and monetise their apps on one platform. The project will introduce a standard protocol for all developers to advertise their games or apps in the app store, with the aim of improving the current slow and inefficient app approval process.

The AppCoins APPC tokens are ERC-20 compatible tokens running on the Ethereum network. Tokens can be earned by users in exchange for watching advertisements or downloading and trying new apps, and can then be used for in-app purchases. The price of each in-app item is stored on the blockchain through the developer's private signature, and developers will receive 85% of the in-app purchase transaction.

AppCoins also provides a wallet app that allows users to receive, store, and send digital currencies securely. The AppCoins Wallet supports 31 languages and offers an easy installation process. Users can earn up to a 20% bonus in AppCoins Credits for in-app purchases.

By moving the mobile app ecosystem to the blockchain, AppCoins aims to bring transparency and provide incentives for both users and developers. It addresses issues such as advertising, in-app purchases, and developer/app approvals, aiming to create a trustworthy economy without intermediaries.

AppCoins' benefits for developers and holders

AppCoins (APPC) is a project that aims to decentralize the in-app payment economy and create a universal digital advertising protocol for mobile devices. It is an open and distributed protocol for app stores based on the Ethereum blockchain and smart contracts. It redesigns app advertising, in-app purchases (IAP), and app approval flows through a circular model.

Benefits for Developers

• Reduced third-party involvement: AppCoins seeks to reduce the number of third-party intermediaries and middlemen, who often inflate the price of apps.
• Improved app advertising: AppCoins will create a standard that allows developers to easily advertise their apps to new users in exchange for their attention. This will be more cost-effective for developers as the platform uses blockchain technology, ensuring proof-of-attention and eliminating concerns of fake identity, double attribution, or repudiation.
• Streamlined in-app purchases: AppCoins will provide a cross-platform solution for billing and purchasing digital items within apps, using its APPC token. This will simplify the process for users and developers, allowing for easy payments and transactions.
• Enhanced app approval process: The current app approval process is often slow and inefficient. AppCoins will introduce a new trust model for developers based on their past transaction history, stored on the decentralized blockchain. This will result in faster and more efficient app approvals.
• Increased transparency: By moving the mobile app ecosystem to the blockchain, AppCoins will bring greater transparency to the entire system. This includes transparent dispute systems and ranking systems for developers based on trustworthiness.

Benefits for Holders

• Decentralized payment system: AppCoins provides a decentralized payment system linked to mobile applications and app distribution. This gives users more flexibility and access, especially for those without traditional banking services or online payment methods.
• User incentive programs: AppCoins offers incentive programs where users can earn up to a 20% bonus in AppCoins Credits for in-app purchases. This encourages user engagement and spending within the app ecosystem.
• Easy integration with existing platforms: The AppCoins Wallet app allows users to receive, store, and send digital currencies seamlessly. It is available in 31 languages and supports various payment methods, including bank cards and PayPal.
• Enhanced security: AppCoins utilizes blockchain technology to ensure safety, transparency, and scalability. It employs authentication frameworks, Merkle Tree-based structures, and Address Proxy Contracts to improve security, reliability, and scalability.
• Potential for wider adoption: With the continued growth of the app economy and the increasing number of smartphones, AppCoins has the potential to gain wider acceptance among users. This could lead to rapid growth for the project and the APPC token.

AppCoins' impact on the app approval process

AppCoins (APPC) is a project that aims to improve the app approval process by decentralising the in-app payment economy and creating a universal digital advertising protocol for mobile devices. The project seeks to add a decentralised solution to the app approval process, making it more transparent and efficient. The current approval process is often slow and inefficient, with lengthy procedures that affect developers' and users' trust.

AppCoins will incorporate blockchain technology, creating an open and distributed protocol for app stores based on the Ethereum blockchain. This will remove intermediaries and create incentives for end-users, developers, and app stores. AppCoins will introduce a new trust model for developers, ranking them based on their past transaction history stored on the blockchain. There will be three different reputations for developers in the ecosystem: "Trusted", "Critical", and "Unknown". This "chain of trust" will improve transparency and provide users with more information about developers' trustworthiness.

The AppCoins team believes that moving the mobile app ecosystem to the blockchain will make it fully transparent and incentivise users and developers. The project has the potential to positively impact the app approval process by improving transparency, reducing intermediaries, and providing a more efficient and secure system for all involved.

AppCoins' future prospects and challenges

AppCoins (APPC) is a project that aims to decentralize the in-app payment economy and create a universal digital advertising protocol for mobile devices. It seeks to add a decentralized solution to the established mobile internet transaction system and add its token as a payment option for in-app purchases.

Future Prospects

AppCoins has a developed product and a large user base of over 200 million users. The project has an experienced development team and a marketing team knowledgeable about the app store niche. AppCoins will allow developers to advertise and monetize their apps all on one platform. The team has been successful in meeting roadmap goals, which instills confidence in the project.

Challenges

AppCoins is not an original idea, and the blockchain space has seen limited success in linking cryptocurrencies with apps. Cryptocurrencies have yet to reach mainstream adoption, making it difficult to attract users willing to transact with the APPC token. AppCoins has not attracted major app store partners, and there is a risk that the biggest app stores will remain centralized or build their blockchain solutions. The APPC token's market cap has dropped significantly since its launch, and it has faced liquidity issues. The project also relies on Ethereum, which may need to adopt fixes to improve scalability.

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