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What's the difference between appcoins and other apps like coins.ph that serve to buy game cards as well?
Coins.ph is simply a payment app. AppCoins is a blockchain based protocol. First of all its a cryptocurrency (APPC token). Second, it encapsulates an entire economic system that should boost the app economy growth and efficiency. While AppCoins offers a payment solution as well, I would say these are operating in a completely different level. So much so, that, In fact, apps like Coin.ph can even potentially become AppCoins compliant, and serve as a UI for AppCoins. AppCoins operates at a much more infrastructural level. Hope that answers your question. |
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Is there a minimum amount so that we would be able to participate in this?
Yes. It depends on the eligibility group you belong to: Users: 10 USD Developers: 100 USD Partners (OEMs): 100 USD |
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How do we qualify eligibility in the pre-sale?
This video explains the conditions: https://www.youtube.com/watch?v=yhtd6e0Zj4UAlso note that the pre-sale closes in a few hours (11:59 PM GMT). But let us know if you have any further questions. |
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Okay, so since most of the questions I came through from the pages of this thread were very interesting, can I ask. What benefit do users/gamers get from this?
Users can gain an APPC token incentive to pay attention to new apps. They are rewarded for their attention with tokens that they can use to conduct in-app purchases. This allows for many users to experiment with certain premium features/items. It also allows for users from developing economies to participate in the app economy, since a lot of users in those countries are limited by banking restrictions, which will be minimized through the blockchain. |
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Regarding whitelist registration, why isn't it open to everyone who is interested in applying?
Our objective with the presale was twofold: 1. To reward the Android community which has been using Aptoide for a long time. That way all of these people/companies could benefit from a 30% discount on the token price early on. 2. To help generate awareness about AppCoins amongst Android players: users, developers and OEMs. Since AppCoins is a utility coin, these stakeholders need access to tokens so they can conduct transactions. |
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Will there be a step-by-step procedure or a tutorial in which newbies would be able to learn of how your application works?
Yes, everything will be explained. However, we should note that AppCoins will not be an application per se. It will be the protocol for app stores (which may themselves be apps). But there are not yet plans to have an AppCoins app. |
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Just wondering about aptoide, do they have direct connection to your project or its just giving you a support?
Aptoide has a direct connection. Most people behind AppCoins are currently part of the Aptoide team as well. Also, Aptoide will be responsible for the initial implementation of the AppCoins protocol, until the foundation is setup. |
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Is there a KYC at the end of the token sale?
Yes |
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Its a competition of google play? If its the purpose of this project well i guess it will have to be a long way, due to the popularity of google play. Though if selling cards is one of your ways of earnings, it should be inexpensive.
I have a few questions: - When will ICO Start and End? - How Much total token supply and what is token Price? 1. We still don't have the dates defined, but they will be announced shortly. 2. 450 Million Tokens each valued at 0.10 USD. |
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We need an alternative to google play. It is very good that appcoin is taking that challenge head on. Google can not just be everything, there must be powerful competitor from cryptosphere and to be honest, I love what you are doing at appcoin!
Let us not forget apple store, but if this does let us say even just 10 percent of Google play or apple store transactions. That will be enough to have more growth i personally think. This will be an alternative from playstore and appstore. I wonder what will be appcoin's edge compared to those app store? AppCoins will not be an alternative to Google Play or Apple Appstore. It's merely a protocol based on the blockchain. Those two big players can theoretically become AppCoins compliant if they see value in it. |
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How are the advisors getting compensated?
They will get a percentage of the tokens. That percentage will be a part of the ones allocated to the "key contributors", as you can see on the crowdsale document, page 52: https://appcoins.io/pdf/appcoins_crowdsale.pdf |
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Who are your competitors in this space on blockchain?
I guess that, currently, the only competitors are Basic Attention Token (BAT), which were the inspiration behind our Proof-of-Attention model. But, as we've been saying, our use cases are wider (we cover also in-app transactions and app approval). Additionally, their focus is web, while our focus is mobile. |
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What made you guys decide to use blockchain?
How'd you guys come up with this idea anyway?
We believe that these three processes: mobile advertising, in-app transactions and app approval could benefit a lot from transparency and decentralization. Blockchain is currently the best (only?) solution. |
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does that mean we are gonna have an decentralized app store where things like google store wont happen.
and anybody can upload their app ?
Aptoide has those characteristics, but that's something specific of Aptoide. While AppCoins is supported by Aptoide, these are two different projects with different goals. AppCoins' goal is to decentralize the mobile advertising, in-app purchase transactions and app reputation/approval. So it doesn't actually deal with the content itself, only with metadata. The content is still the responsability of each app store. Aptoide is the only app store that has a decentralized social model - but the AppCoins protocol does not force that at all. |
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Security wise, Appcoin apps will be safer than mainstream stores because Appcoin is based on blockchain which mean there is no central server to attack. Attacker will need to attack all the nodes connection!
Add to that the fact that some Android app stores, such as Aptoide, are also partially decentralized in their own architecture (in terms of content upload). By adopting/supporting AppCoins a further step is taken towards decentralization since a lot of apps/ads metadata is moved to a transparent ledger. |
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I've been really supportive of application that supports other applications. However it doesn't take out the point that being an independent company, how would you be able to connect your "application" to other applications let's say STEAM CARDS for Steam?
The priority now is mobile, and in particular Android. Other platforms, such as Steam/PC/Consoles is something to consider in the future. The concept of AppCoins is useful for several types of apps across industries and platforms, but the focus is mobile for now. |
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Its a competition of google play? If its the purpose of this project well i guess it will have to be a long way, due to the popularity of google play. Though if selling cards is one of your ways of earnings, it should be inexpensive.
AppCoins is not actually competing with Google Play. As a protocol it can even potentially be adopted by them (in theory at least). Aptoide, however, is in direct competition with Google Play, has has been since 2009, and have been quite a successful challenger. |
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I was reading your whitepaper and I saw that we could actually purchase game cards in your app. Moreover, would your application serve as an online wallet also, increasing and decreasing based on the value of btc?
Yes, that has been asked a few times. You're right, value fluctuations will be a problem, and we're working on that. Other ICOs are facing similar obstacles, and there are several possible solutions on the table being discussed internally. |
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I have been using aptoide app for a long time to download my favorite app that i cannot download from another sites , looking at this project is more interesting , it will be a good project , .
Hmm, how could you find that App in aptoide instead in Google play? is their any app that is not available on Google store? Can you name the app that you are not able to download on Google play. There are quite a few apps that are not available on Google Play. Just a few days ago UC Browser was removed from Google Play. Popular apps such as Snaptube have also been removed from Google Play. That's one of the reasons behind AppCoins. We believe that blockchain can bring transparency to these app removal/approval processes. |
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If ever I were to purchase game credits through your app, and if ever I cashed in a huge amount of btc, do you have a trusted escrow? And could you mention the company of this escrow so that we may verify?
Token Market are managing our token sale process, so they will be responsible for returning the funds to the participants in case its necessary. |
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