[ANN][ICO] 📱 AppCoins - The New Blockchain-Based Protocol For The App Stores 🔋

[BlockJohn]

Hello. As far I understand, the attribution will occur in the system only after the installed app has been opened in 2 minutes. But how can this be proved if smartphones are an untrusted environment? It seems to me that in this case the there will be a high level of fraud.

Greetings. You’re right, such an approach could lead to a high level of fraud, but in AppCoins has thought this point out perfectly! There will be PoA recommend in AppCoins protocol, which will allow the developer to make sure that the user really used the app for 2 minutes.

But there is no guarantee that the user is right or that the application store’s stub installed in the phone hasn’t been tampered.

The phone is an untrusted environment (for now, there are efforts to make it more trustworthy). No system that sits on the smartphone is 100% solid.
However, is a tradeoff between the benefits and effort of the attack vector.
To avoid fake attributions the proof-of-attention uses fingerprinting (Google Android Advertising ID, network IP,...) in the blockchain. This can also be used to avoid double attribution.
The attacker can workaround this detection system using mobile farms with multiple IPs, but the benefit of APPC (appcoins) that can only be used in games it's not enough. Because we cannot forget that the earned coins have to be used in games, it cannot be cashed out or exchanged among users. Only the bought APPC can be exchanged.

[Immer]

Hello. As far I understand, the attribution will occur in the system only after the installed app has been opened in 2 minutes. But how can this be proved if smartphones are an untrusted environment? It seems to me that in this case the there will be a high level of fraud.

Greetings. You’re right, such an approach could lead to a high level of fraud, but in AppCoins has thought this point out perfectly! There will be PoA recommend in AppCoins protocol, which will allow the developer to make sure that the user really used the app for 2 minutes.

But there is no guarantee that the user is right or that the application store’s stub installed in the phone hasn’t been tampered.

You’re right, that's why the server-side identifier will be checked by the application store with the help of a network ngerprint (this solution provides information about IP, routing information, etc.).

It’s a very interesting approach. And has this already been tested somewhere?

[slavonicpl]

Hello. As far I understand, the attribution will occur in the system only after the installed app has been opened in 2 minutes. But how can this be proved if smartphones are an untrusted environment? It seems to me that in this case the there will be a high level of fraud.

Greetings. You’re right, such an approach could lead to a high level of fraud, but in AppCoins has thought this point out perfectly! There will be PoA recommend in AppCoins protocol, which will allow the developer to make sure that the user really used the app for 2 minutes.

But there is no guarantee that the user is right or that the application store’s stub installed in the phone hasn’t been tampered.

You’re right, that's why the server-side identifier will be checked by the application store with the help of a network ngerprint (this solution provides information about IP, routing information, etc.).

It’s a very interesting approach. And has this already been tested somewhere?

Hi. As far as I know, various tracking platforms use this solution today. And if it works there, it will also work in AppCoins, personally, I don’t doubt it)

[selgus]

I can not sign up in your official site

[lorylore]

I can not sign up in your official site

It seems to work fine for me now.

https://appcoins.io/

Do take note that you have to confirm your email. If you still need more immediate help, do join the telegram group here as their respond rate is a lot higher.
https://t.me/appcoinsofficial

[lorylore]

AppCoins ICO Review.

1. Concept.

Industry: App economy

Similar projects: Mobius, Google playstore and Apple playstore

How is it different from other projects in the space?

You can use AppCoins across all the app stores that support it.
If a user clicks in an Ad, installs the app and gives two minutes of attention, he can earn coins to spend inside apps and games.
Fees being charged: The user has to pay fees on each Ether deposit to his account with App Stores and on checking out, i.e. settling his Raiden payment channel. Further fees may be the taxation done by the App Stores used to pay for their infrastructure.

VC Investors: Yes, during presale.

Market statistics:

The number of smartphone users is forecasted to grow from 2.6 billion in 2017 to nearly 4 billion by 2020 [3, 4].
36% of the world’s population is projected to use a smartphone by 2018.
The gross revenue of the entire mobile ecosystem was estimated to be worth +US$50 billion in 2016, growing to +US$88 billion in 2017, while the mobile app market is forecasted to reach US$100 billion worldwide by 2020 [5].
the annual revenue of the third party app stores matches Google Play’s in 2017[6]

[energycrypt]

Does anybody know how many tokens do the company's founders put on the ICO?

[superwallet]

Does anybody know how many tokens do the company's founders put on the ICO?

Good afternoon. In my opinion, 45 million APPC coins will be put on the ICO.

[rocketbit48]

All the readers of the forum. I’m wondering, will blockchain technology be implemented in an already running AppCoins application or will you create a new, unique platform?

[spacegt]

Hello friends and comrades. Tell me, how many coins can I buy for 1 Eth?

[termonator61]

Hello friends and comrades. Tell me, how many coins can I buy for 1 Eth?

Hello. If I recall right, for 1 Eth you can get 2 995 coins.

[deort]

Hello everyone. And what, can users settle up only in coins in AppCoins? Don’t you consider introduction of crypto currency?

[dayasinfo]

Greetings. Tell me please, will the parties have access to each other's personal data when carrying out a transaction in AppCoins?

[nicolasbit]

Good afternoon. Did I understand correctly that the funds that the developer plans to spend on the promotion of his application in the system will be blocked on a particular wallet? For what purpose will it be done, if it isn’t not a secret?

[lorylore]

AppCoins ICO Team.
Names, pictures and even links to social profiles like LinkedIn and Twitter: Yes

Founders have credentials in the area they are venturing into. Yes

Members who have already completed successful projects in the field of blockchain: No

Members experienced in blockchain: Yes

[alcoholbtc]

Friends, tell me, what is IAB? I just can’t find a key to this abbreviation.

[lorylore]

Friends, tell me, what is IAB? I just can’t find a key to this abbreviation.

In-App Billing (IAB), also called In-App Purchase, consists in the possibility for the user to
buy digital items inside an app or a game. Although those items are perceived to be bought
inside the App, the items are bought through the app store.
The need for the transactions to go through the app store were introduced as mandatory
by Apple App Store and then by Google Play. The conditions for the developer’s app to be
distributed is that all the financial transactions have to be managed by the app store.
The app store adds some value to this flow: 1) it may know the customer already and have
their payment data, thus easing the entrance hurdles for the user and providing a better user
experience, 2) it has the trust of the user when the developer may not have it yet and 3) it
develops the necessary technology, allowing the developer to focus on the app development.
Although IAB represents a market with a huge volume of transactions processed by Google
Play and Apple, there are still two big challenges.
The number of users with a credit card loaded in the store is still a minority. Only small
part of the world population has access to credit card. Alternative methods like pre-paid cards
are an approach but they are physical and depend on points of sale, therefore do not scale well.
On the other hand, some of other payment methods like carrier billing have prohibitive
margins that compromise the revenue share of 70% for the developer. In some markets, the
margin of the telecom operator varies between from 35% to 60% of the cost of the transaction.
The reasons given by the telecom operators are: 1) high risk of fraud that has to be compensated
and 2) the users may cannibalise the telecommunications balance so the margin has to pay that
possibility.
Providing the user has a proper payment method, there are still some risks that have to be
mitigated

[lorylore]

3. Blockchain Leverages.

Any previous activity related to the project: The AppCoins power app economy network will leverage on existing 200 million annual unique active users of the Aptoide app store.

Previous app/product: Aptoide app store.

Actual alpha, beta etc. available: No

Working product integrated with token: No

Partners: Indorse

[lorylore]

Blockchain Leverages.
GitHub presence: Present

Tokens: AppCoin ERC20 token will be used by the developers to advertise their Apps to the users. From every advertising investment inside the app store, 85% goes to the user. The user has to use those coins to buy items (in-app purchase) inside the apps and games, generating the return of the investment to the developers.

Smart contracts: Yes

Middleman being cut out: Revenue shares are redistributed away from unnecessary intermediaries to end-users and developers; to enforce payments between the developer and the other parties, which are the user, the app store and the OEM, the entirety of the funds that the developer wants to put available for the campaign is locked in a different wallet, which is where the smart contract for the campaign will be running.

Decentralization: The process of judging developers will be decentralized to allow users to punish dishonest developers who deliver apps with malware.

Transparency: Being an open protocol implemented as open source software, it gives the trust back to the industry and provides guarantees of data transparency to users.

Scalability:  Raiden Network will be used whereby users deposit their valuables (preferably Ether) with the store in a payment channel using smart contracts. The same happens for developers. And from this moment on they can utilize the micro-payments within the App Infrastructure. Compared to blockchain, not all the transactions have to be stored but only the latest receipts, i.e. the latest balance for both users, must be stored instead of all transactions. This solves the problem of storing huge amounts of old transactional data that is inherent in blockchain.

Lower costs: The only fees are for opening and closing the payment channel on the blockchain. For payments over the payment channel there are no extra fees. Once it is established micro transactions are possible without further limitations.

Speed: By using direct peer-to-peer (P2P) communication, transactions can be exchanged as fast as the underlying network between the two parties will enable it.

Database: Transactions are registered in the blockchain ledger to reflect the trustworthiness and reputation of a developer; the proof-of-attention (PoA) is stored in the blockchain.

Encryption: The partial anonymity of users is accomplished by using hash functions (like SHA256) in their stored fingerprints.

[lorylore]

For Appcoins ICO smart contract address. It can be found here
https://etherscan.io/token/0x1a7a8bd9106f2b8d977e08582dc7d24c723ab0db

So do take note and as the crowdscale draws nearer, it is very important to be more careful and protect yourself against scam.