Presentation and definition of the crypto-currency AppCoins (APPC)
- Name of the crypto-currency : AppCoins
- Acronym : APPC
- Where to purchase AppCoins ? Binance
- Creation Date : July 2017
- White paper of AppCoins
- Web Site of AppCoins
That is it-that AppCoins ?
AppCoins is a virtual currency, decentralized, launched by Aptoide, a company that develops mobile applications. The goal is to disrupt the traditional application platforms such as Google or Apple Store by running a store alternative. The AppStore works on the technology of Blockchain and smart contracts. The final consumer is directly in contact with the developer, without any intermediary, thus avoiding that the private data and banking to be re-used. AppCoins runs on Android and includes already 200 million users across the world. The goal of this new network is to fight against the monopoly of the giants, the same way Bitcoin seeks to counter the traditional banking system. AppCoins, by eliminating the intermediary, offers a more transparent system and more effective, increased safety and reduced costs.
The system works thanks to the tokens AppCoins, which are tokens ERC 20. These tokens are distributed according to the ” cost of attention “. This concept is defined by downloading an application and giving him two minutes of attention. In exchange for these actions, the user will receive tokens AppCoins that they can use to make purchases within the application.
AppCoins uses a reputation system for developers that allows to classify them according to different statuses : Trusted, Unknown, or Critical. These notes are assigned to the developers based on their transaction history on the blockchain and allow the trusted users.