AppCoins integrates app stores, users, developers, advertisers, and OEMs. This system is app store agnostic, existing across different mobile platforms (Android & iOS). The different app stores act as oracles of the smart contracts, which are associated with each of the platform’s core transactions. This system creates a trust layer for the economy, obviating the need for intermediaries. AppCoins aims to become the universal language of the app economy.
The protocol also includes a so-called Proof-of-Attention system. Users, app stores, and OEMs receive tokens through the Proof-of Attention concept as a reward. Developers that want to advertise their apps can be sure that the user has installed and used it. The users reinvest their tokens via inapp purchases and this would theoretically create a virtuous loop that boosts the AppCoins economic growth.
2017 Q3 Aptoide supports AppCoins
2018 Q2 Open Source reference implementation
2018 Q3 AppCoins Software Foundation
2018 Q4 Pre-load Tier 1 OEMs
The companies strategy completion requires engaging 4 to 6 app stores like Aptoid. However, there is no information about the willingness of such app stores to implement AppCoins If there is a significant economic effect from the implementation of the token, other app stores will go along the path of Aptoid.
The project can be characterized as the part of Aptoid's roadmap. The main benificaries of ICO are Aptoid's shareholders. A minimum viable product (MVP) is not presented. The business model of the project is trivial and quite typical for its sector - it does not provide the company any competitive advantages, it is easily replicable. Regarding the AppCoins ICO (chapter 7), 40% of all tokens generated will be offered in pre-sales with significant (30%) discount. Hard cap ICO makes up 15.3 million USD. However within two rounds of financing parent Aptoide raised to date $5 mln. The financial forecasts provided by the project are unrealistic (the breakeven point occurs within 6 months).
AppCoins supported by Aptoide Team so team remenurations is include in previous Aptoid's investments.
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