We are realising the true power of blockchain and with time it is going to be improved exponentially. Now smart people around the world are coming together to make this world a better place for living. Even a small step is appreciated by the people. This is what makes the blockchain and its big community a wonderful place. AppCoin is a project in the same direction meant for the mobile application users. Giants companies like Apple and Google earns a lot of money by preinstalling their apps on the devices. That is why centralised repos makes it highly inefficient not only for general public but also for developers. There are a lot of intermediate entities that comes in between to take their cut and reduce the potential severely. According to a survey only 5% of the people make in-app purchases because of the costs and inefficiency.
AppCoins is a project on the blockchain that helps to eliminate the dependencies and providing us a much stable and efficient app economy. There is a similar platform already called Mobius but it only targets the decentralised applications. But AppCoins works in a different way by creating distributed protocols.
How It will work?
A person who want to advertise its application on the app store will pay to the store based on the number of downloads it generated and 85% of the advertising amount will be given to the user in the form of AppCoins. The bad thing is that these tokens can only be used for in-app purchases. It creates a really robust architecture which will promote the users to do in-app purchases and ultimately will provide value to the developer’s work and all. There won’t be any centralised interactions. There is a lot of things going on behind the curtains with strong business logic and overall improvement of technology.
What are AppCoin Tokens?
These are the ERC-20 tokens that are distibuted on the ETH blockchain. It can only be used for the transaction but only in the Application store eco-system.
The Idea seems great to me with huge potential market. This is definitely worth a look.
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