What's AppCoins?
Image Source: AppCoins
AppCoins (APPC) is an open & distributed protocol for App Stores using blockchain technology and smart contracts.
AppCoin (APPC) tokens are the new currency of the app economy that ensures trust without the need of any third party.
The App Economy is booming and according to various reliable sources, it's set to reach a annual value of 6 trillion dollars. That's 10 times bigger than the worth of all the cryptoassets right now. And AppCoins is targeting this Trilliondollar market and it's intending to capture the whole revenue of the app economy through the AppCoins protocol.
More than 3 billon people have smartphones at the present. That's half the population of Earth.
The number of users will double by 2020 and the app economy revenue will double too. The time spent on mobile games and apps is increasing and an average user spends about 300$ on app purchases every year.
The economy is growing more and more everyday but the app economy is currently facing a lot of problems which is hurting it's growth progress scale. Google Play Store and Apple Store have created a monopoy over the app economy but they haven't solved any of the problems faced by the app users and developers.
Some of the the serious problems stifling the app economy are:
Difficulty for In-App Purchases: The third party payment gateways take a lot of time to process and they also charge a lot for the app purchases made by the users. It discourages the users to make app purchases and decreases the app revenue.
Inefficiency of mobile advertising: There are too many third parties between the
users and app developers which reduces the transparency and profitable returns for the developers to pay off for their hard work.The App Approval process is outdated:Fake clone apps somehow manages to get into the App Stores and scammy, fake clone apps somehow makes their way into the App Stores. It is also difficult to verify the identity of the
developers.
AppCoins aims to solve all of it.
It removes all the intermediaries and provides a decentralized platform for in-app purchases, introduces transparent app approval system based on public blockchain and it also provides a platform integrated easy payment solution for developers.
Also, Appcoins will be used in Aptoide platform which is one of the largest Android App Stores.
It already has a userbase of more than 200 million users and it has garnered over 4 billion app downloads.
It has over 12,000 developers in it's platform including the top ones like Gameloft and Zeptolab.
Its network has 70 corporate partners including Telecom companies like Xiaomi, Oppo, Meizu and Vivo.
Blockchain technology has been targeting & disrupting various industry monopoly of existing centralized systems.
With the introduction to AppCoins and Appcoins platform, It seems now that the App Economy market is the next one...
Learn more about it here : AppCoins