AppCoins ICO – Legit or Scam? [Full Review]

If you’re looking for a review of AppCoins you’re in the right place.

I’ve been taking a closer look and now I’m sharing my honest AppCoins review.

Before I start…

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AppCoins Review

Today I’m learning more about AppCoins. This is a review of mine that is part of a much larger series where I am reviewing upcoming ICO’s. I’ve already put together reviews of Eros Coin, RegalCoin and USI Tech. You should check out those reviews to learn more about those cryptocurrency companies.

AppCoins is a cryptocurrency developed by an alternative app store, Aptoide, founded by Alvaro Pinto and Paulo Trezentos in 2011. This app store offers over 800,000 exclusive apps used by 200 million people all over the world. Since 3rd quarter of 2017 Aptoide has owned AppCoins as its digital currency. The headquarters of Aptoide and AppCoins is in Lisbon, Portugal but they also have offices in Shenzhen and Singapore.

If you want to reinvent economy for apps by using digital tokens and blockchain then you can find AppCoins at appcoins.io. This cryptocurrency can be used by developers to promote their games or apps in app stores. In lieu of giving attention to their app or game for two minutes, developers can pay the users in AppCoins digital tokens.

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Problems solved with AppCoins

The increase in number of Smartphones all over the world during next few years will not only increase revenue for app industry but also increase problems for the app based economy due to outdated features used in the mobile devices. Some of the main challenges tackled with AppCoins may include:

Ineffective marketing: The developers of an app or game are compelled to work with various middlemen, and advertising platforms to promote their creations. These intermediaries between the developers and end users increase the cost of their app or game.

Inaccessibility to in-app purchases: Many users of mobile devices do not purchase through apps due to various reasons either due to limited options for payment or lack of desire to make in-app purchases. It not only reduces the revenue of the developer but also increases his cost as he has to pay fee to many middlemen and the processors of the payment.

Lack of transparency in approval of app: App stores do not use any universal method to identify and confirm the developer of an app or game. So, the developer has to suffer great losses if his app or game is blocked by app store due to unknown reasons.

Working of AppCoins

The introducers of AppCoins have planned to use smart contracts and blockchain to resolve all the problems of users and developers stated above. App stores like Aptoide and others can use AppCoins as an open and distributed procedure as a new universally accepted language for the app economy. They used Ethereum Blockchain as a platform to help the developers and users to interact with each other as given here under:

AppCoins system do not consider advertising intermediaries but they pay fee to hardware manufacturers and app store or else the users and developers will make transactions in a low cost and flawless environment.

For instance, if a developer wants you to use his app then you will have to pay cost per install. Most of this fee will be used by developer to pay the fee of intermediaries, without giving any thing to the users. These things can work differently by using AppCoins.

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Suppose the developer fixes the cost per install for $1 to be charged from the users for installing his apps. The developer agrees to pay that $1 to the AppCoins. The AppCoins will give the user of app $0.85 and the developer will earn reputation which will help him in transacting his app across the app stores, even if he is new in this field. The information stored on blockchain of AppCoins will help in automatic approval of the app for all the stores.

AppCoins can also help in designing in-app purchases by using lesser number of intermediaries to increase the margin of profits for the developers. Moreover the developer has to pay lesser fee for accepting payments through AppCoins as compared to credit cards etc as cryptocurrencies are considered frictionless modes of payment.

Moreover, AppCoins also allows people to make in-app purchases even if they are not well versed with traditional methods of payment. They can get AppCoins from other users to make purchases without depositing them in their bank accounts or credit cards.

Conclusion for AppCoins

AppCoins is platform built on Ethereum blockchain and it is clearly a legitimate coin. I will be looking at making an investment into this coin either during the ICO stage or afterwards. If you want to do the same be sure to do your due diligence first.

Before you leave

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(This is a 100% free training)