AppCoins is poised to transform the app economy by leveraging the power of Ethereum blockchain and smart contracts. By addressing key pain points such as high fees, lack of transparency, and advertising fraud, this open and distributed protocol offers a circular model that sustains value within the app ecosystem. Developers, advertisers, and users all stand to benefit from a decentralized platform that promotes trust and efficiency. With multiple app stores acting as oracles, and a unique Proof-of-Attention system ensuring genuine user engagement, AppCoins aims to become the universal currency of the app world. Dive in to explore how this innovative protocol is reshaping mobile experiences for the better.
What is AppCoins?
AppCoins 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. As a higher share of the advertising and IAP revenue is kept within the app ecosystem, more value is retained in the app economy. Being an open protocol, it theoretically provides more transparency and trust. Multiple app stores can implement and benefit from this, and stakeholders will have to contribute to its development and adoption. Furthermore, API integration will streamline implementation.
Integration Across Platforms
AppCoins integrates app stores, users, developers, advertisers, and OEMs. This system is app store agnostic, existing across different mobile platforms (Android & iOS). The different app stores act as oracles of the smart contracts, which are associated with each of the platform’s core transactions. This system creates a trust layer for the economy, obviating the need for intermediaries. AppCoins aims to become the universal language of the app economy.
Proof-of-Attention System
The protocol also includes a so-called Proof-of-Attention system. Users, app stores, and OEMs receive tokens through the Proof-of-Attention concept as a reward. Developers that want to advertise their apps can be sure that the user has installed and used it. The users reinvest their tokens via in-app purchases, theoretically creating a virtuous loop that boosts the AppCoins economic growth.
- Link to the Source Code: GitHub
- Chat: Telegram
- Announcement: Medium
- Source: Official website
Token Market Data
Understanding the market data of AppCoins is crucial for potential investors and users. Here are the key statistics:
- Current Price: $0.0028
- Market Cap: $0.00
- 24h Price Change: 0.42%
- 7d Price Change: 14.64%
- 30d Price Change: 61.75%
- 24h High: $0.0028
- 24h Low: $0.0028
- All-Time High: $4.4942 (2018-01-10)
- All-Time Low: $0.0007 (2023-08-02)
- Circulating Supply: 0.00
- Total Supply: 239,805,531.28
Purpose and Utility of AppCoins
Addressing Key Problems
The AppCoins crypto token is focused on the app economy and aims to revolutionize in-app purchases and mobile advertising using blockchain technology. The token's purpose is to provide a more transparent and secure way for developers to monetize their apps and for users to make purchases within those apps.
AppCoins aims to solve the problem of high fees and lack of transparency in current in-app purchase systems. By using blockchain technology, AppCoins provides a decentralized platform that reduces the need for intermediaries, thereby reducing fees and increasing transparency. The token also aims to address the issue of fraud in mobile advertising by providing a more secure and transparent system for advertisers, developers, and users.
Utility Within the Ecosystem
AppCoins are primarily used to provide access to specific products or services within the AppCoins ecosystem, which includes in-app purchases and mobile advertising. By using AppCoins for in-app purchases, users can benefit from reduced costs and increased transparency, as the token eliminates intermediaries and streamlines the transaction process.
In the context of mobile advertising, AppCoins can be used to reward users for engaging with ads, creating a more engaging and interactive advertising experience. Additionally, AppCoins can be used to pay for services and fees associated with the platform, further enhancing its utility.
Unique Features and Benefits
AppCoins can offer unique features and benefits, such as:
- Accessing Services: AppCoins can grant holders access to services or features within decentralized platforms, such as a decentralized file storage network where users may need tokens to store or retrieve data.
- Incentivizing Participation: AppCoins can be used to incentivize user engagement and contribution within decentralized ecosystems. Users can earn tokens by performing specific actions, such as providing computing power, validating transactions, or creating content.
- Governance and Voting Rights: Some AppCoins confer governance rights, allowing holders to participate in decision-making processes within the respective projects. This can include voting on protocol upgrades, changes to network parameters, or resource allocation.
- Discounts and Rewards: AppCoins may offer discounts on services or provide rewards to loyal users, encouraging adoption and retention while fostering a sense of community within the ecosystem.
Tokenomics and Distribution Model
Token Supply and Distribution
The tokenomics of AppCoins involves various elements, each with its specific characteristics and functionalities. These elements include tokenomics, allocation, vesting schedule, distribution mechanisms, governance, transparency and compliance, market strategy, and community engagement.
- Total Supply: 239,805,531.28
- Circulating Supply: 0.00
Allocation and Vesting
The allocation of AppCoins is the division of the total token supply among various stakeholders like the founding team, advisors, community, and public sales. The way tokens are allocated must align with the project's long-term goals.
A vesting schedule ensures long-term commitment from the team and advisors by defining when and how allocated tokens become available for sale, often after a 'cliff' period, followed by gradual release.
Distribution Mechanisms
The distribution mechanisms for AppCoins can vary significantly based on the project's objectives and specifics. Popular approaches include Airdrops, Initial DEX Offerings, Security Token Offerings, and various reward mechanisms like mining and staking.
Governance and Transparency
If AppCoins have governance functionalities, a clear framework is essential. It should outline how token holders can propose, vote on, and implement changes, underlining a commitment to decentralization. Transparency and compliance are crucial for the token distribution of AppCoins, ensuring that the distribution is lawful and transparent. Legal consultations are often necessary, and every distribution step should be transparent to the community.
Market Strategy and Community Engagement
The market strategy for AppCoins includes planning for liquidity provision, exchange listings, and potential partnerships. These decisions will affect the token's utility and value in the marketplace. Engaging the community is key to the project's success.
Inflation Control Mechanisms
While the specific tokenomics and distribution model of App
