AppCoins is a new ICO that I’m taking a closer look at.
Is this new token really worth your time and investment or should you stay clear of AppCoins?
If you are searching for a detailed review about Appcoins, then continue reading for more details.
I have been following this new token, and I can give my honest review.
AppCoins is a new digital currency that targets app store users. Currently, AppCoins has more than 200 million users. It gives users the power to purchase, increase their safety and to unleash the monetization ability, especially for app developers. Blockchain technology has made people aware of the untapped potential of decentralizing business operations. That is why AppCoins has disrupted all other app stores that are mobile.
AppCoins want to revolutionize the economy of the apps using digital tokens and blockchain. It is a project undertaken by the Apitode app store. App developers can now be able to pay their users using AppCoins. Users can also be able to make in-app purchases using AppCoins.
The centralized app market is inefficient because of the many middle-men who are between developers and users. A good example is when app developers decide to pay publishers due to their advertisements, it will be hard for them to distinguish between actual and fake users of these downloads. Most Smartphone users are discouraged to make in-app purchases because of the higher costs.
AppCoins aims to solve these problems eliminating these middle-men by creating a blockchain for App stores based on the open protocol. But it is mainly targeting Android users. It will remove several limitations that are facing the App economy. It will be used by developers to market their apps or games in App stores. They will also be able to make instant payments to other users. If you want to know more about AppCoins, then continue reading this AppCoins review.
Problems Solved by AppCoins
There has been an increase of Smartphone users in the recent past. It implies that app developers will be making more money than they are making now. AppCoins was designed to solve some of the challenges that are discussed below;
App developers were forced to hire middle-men to promote their creations. AppCoins came to eliminate these brokers so that the cost of the app or game reduces considerably.
-Reduced access to various in-app purchases
Most Smartphone users are not able to buy using the apps on their phones because of limited options available for payment. It reduces the income for developers and increases their cost of operation.
-No transparency when approving apps
There is no universal method used to confirm and identify who developed an app or game. Most app developers suffer when their app or game are blocked due to unknown reasons by the App store.
How does AppCoins work?
As stated above, the founders of this cryptocurrency intended to use blockchain and smart contracts to solve the problems experienced by app developers. This is a universally accepted language for the app economy.
AppCoins usually pays App stores and hardware manufacturers in a flawless and low-cost environment. It also encourages in-app purchases even if they do not know how the traditional payment methods used to work. They can obtain AppCoins from their fellow users to pay for apps or games without going to their bank accounts.
There are some processes that developers and users can employ for them to trade using this cryptocurrency as listed below:
-There are no advertising intermediaries that are allowed on this platform; fees are only paid the manufacturer of the hardware and the App store. Otherwise, the users and developers transact in a low-cost and seamless environment.
– The AppCoin system works differently from what many people may expect. It is the user who installs an app from a developer who earns and developer deposits money in AppCoins
– Most developers build a reputation on this platform by the history of their transactions
-It helps to boost in-app purchases, and this generates more revenue for app developers.
AppCoins are based on the Ethereum blockchain technology. It has made developers enjoy low advertising cost, fewer or no intermediaries, and good payment solutions. Meanwhile, AppCoin users continue to enjoy high-quality apps and easier payments.
AppCoins looks like a strong ICO since it’s an existing business with an app protocol plus it has a strong team behind it. When it comes to ICO’s one of the most important things is not just the idea/concept/business/coin but it’s actually the team behind it. Have they delivered projects before and do they have experience to make AppCoins work? I believe they do because the team has been behind/involved with other successful ICO’s and coins.