Hello and welcome to this blog post about AppCoins APPC White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the AppCoins APPC white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the AppCoins (APPC).
I can ensue you that, you will be able to understand every bits and pieces related to AppCoins (APPC) after going through the AppCoins APPC white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
AppCoins APPC White Paper
AppCoins APPC white paper will be going to provide you, all the information that is needed to get started with AppCoins (APPC), including the inspiration for creating, the problem it is trying to solve and the solution proposed by AppCoins (APPC).
“The app economy has three main problems:
1. Advertising. Relies on many inefficient middlemen, increasing the cost of user acquisition for app developers, reducing transparency and generating fraudulent transactions. Nowadays, only 4% of the app downloads are triggered by advertising.
2. App monetisation and in-app purchases (IAP). Still not massified and can be costly. IAPs rely on payment methods and flows that are not accessible to many users. Especially in emerging markets where the transactions costs are high, with significant margins being taken by payment processors and other FinTech middlemen. Currently, only 5% of users purchase items in apps.
3. App approval. Inefficient process related with users’ cybersecurity and apps quality assurance that is currently being handled by each centralised app store with non-transparent flows and policies that affect developers’ and users’ trust.
The solution is AppCoins, an open and distributed protocol for app stores based on the Ethereum blockchain. It proposes to move all three flows to the blockchain.
This removes intermediation and redistributes the value released in a way that creates incentives for end-users, developers and app stores alike. In advertising, the protocol guarantees not only that the users install apps but that they pay attention to it for at least 2 minutes.
AppCoins calls this Cost Per Attention (CPAt). The value invested by the developer in CPAt is used to award users with AppCoin tokens. IAP will grow with users using their earned AppCoins or by purchasing them through exchanges.
App approvals are made universal and more transparent through a developer reputation system. The reputation is tied to the financial transactions on the public ledger and is auditable.
A dispute system will be created so that AppCoin owners can vote to rank developers. The AppCoins business model will have a considerable impact on the app economy.
It enables a transition towards a circular economy, reusing value that was previously drained by intermediaries. For now, the AppCoins protocol will focus on the Android market, which has 81.7% of market share.
The first app store to integrate the AppCoins protocol is Aptoide. With over 200 million active users, 4 billion downloads and 6 years on the market, it is one of the biggest third-party Android app stores. Aptoide projects that more than 1.3 billion users will use app stores powered by AppCoins in 5 years.”
White Paper Link: AppCoins APPC White Paper
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