This is the next post at a place where we share analysis and opinions for interesting coins, tokens and pure gems in the vast landscape of the blockchain world. There's so many coins out there, but not a lot of free information (looking at you, paid groups) and analysis on them. The Scoop aims to change that by sharing and improving the data available for a given coin by focusing on evaluating instead of predicting.
They are tokens for use on the popular Aptoide app marketplace, which runs on Android and has been around since 2009. Tokens have three main uses: advertising, so paying users for their attention to ads, in-app purchases and app reputation. Aptoide already has OEMs waiting to take updates for token integration, so it's just literally a matter of delivering the product for adoption to begin for the already established 200 million downloads user base.
Intro paper:
https://appcoins.io/pdf/appcoins_one_pager.pdf
Roadmap
One can store APPC tokens in an ETH wallet.
Multiple whitepapers:
https://appcoins.io/#aic-Documents
CMC says ~100m circulating with a total supply of ~246m, but the whitepaper says 450m total.
Only 40% of the tokens were sold to the market, the rest were reserved for the business, ecosystem and 10% for the team.
Reference:
https://appcoins.io/pdf/appcoins_white_paper.pdf
CEO has a background in academia, COO has a law degree, lots of interesting profiles and the company is loaded with developers and business/marketing people.
Nice set of advisors too, folks from TenX, Ripple/Google, Shapeshift and a few others.
What motivates them?
10% pre-allocation for the team.
~154m cap with upwards of ~27m volume. Still room to grow for a project with it's potential.
We haven't heard of other appstores using crypto tokens, yet.
Using tokens within an appstore just makes sense.
Pros
Cons
Everything seems pretty solid, just focus on the integration and ensure it gets in Aptoide as soon as possible.
And be careful to limit the waste of consciousness an attention economy produces. It's not a positive thing for our society to have people watching ads all day.
Both Binance and Huobi claim significant market volume for it. That's big.
https://coinmarketcap.com/currencies/appcoins/#markets
Based on the FA, APPC looks like a low to medium risk with high reward potential if they continue to deliver and catch on. Picking it up under 11k sats would be bargain or around a $2.50 - $3 would be an upper entry while still expecting solid, crypto-style gains.
And that's your scoop!
