AppCoins (APPC) is a relatively new ERC20 token that burst on to the scene a week ago. Despite the sea of red in the cryptocurrency market, APPC has been moving positively, making 25% gains over the past 24 hours.
From the official website at https://appcoins.io/en,
"What is an AppCoin?
AppCoin tokens (“APPC Tokens”) are ERC-20 compatible tokens distributed on the Ethereum blockchain pursuant to a related ERC-20 smart contract. AppCoins is meant for use in the AppCoins blockchain platform to perform transactions in the app store ecosystem."
AppCoins is developed by a well-established team of developers from Aptoide, a third-party platform for distributing apps on Android devices. Think of it as a less controlled Google Play Store that gives a broader range of app access. Having said that, Google traditionally warns against using third-party platforms for downloading apps - with good reason. Third-party platforms can be prone to availing apps with malicious code - adware, spyware, and worse. AppCoins will act as a sort of decentralized, trustless method of proving the quality of apps available on the platform, ranking developers for their trustworthiness. For more details on how this will work, have a look at their official website.
Additionally, AppCoins will serve as a currency for paying developers and for in-app purchases, with a greater share of revenues going to developers than Google Play. It will also serve to reward users for consuming advertising. Users can transfer funds in AppCoins peer-to-peer instead of using a controlled, centralized system, as well.
Aptoide is a well-established team that has been in the Android space for years now with over 200 million active users. Soon, Aptoide will implement the beta open-source program for using AppCoins on the Aptoide platform. The current buzz for AppCoins could be in anticipation of the launch of the beta program.
Due to the relatively low market cap and total circulation of about 240 million tokens, AppCoins has a great deal of potential. It could be an excellent buy at the moment.
*This is not professional trading advice - just my opinion!
source:
https://appcoins.io/en
image source:
https://medium.com/@appcoins/appcoins-the-new-blockchain-based-protocol-for-the-app-stores-26b6efdc88e7
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