What are AppCoins and How Do They Work?
If you are an app user, developer, store, or OEM, you might have heard of AppCoins, the cryptocurrency that aims to revolutionize the app economy. But what exactly are AppCoins and how do they work? In this article, we will explain everything you need to know about AppCoins, from its concept and technology to its benefits and features.
AppCoins: The New Standard for In-App Purchases and More
What is AppCoins?
AppCoins is an open and distributed protocol for app stores, using blockchain technology and smart contracts. It was created by Catappult, a company that provides a platform for app distribution and monetization through blockchain. AppCoins aims to create a universal language for the app economy that ensures trust without intermediaries.
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How does AppCoins work?
AppCoins works by enabling three main use cases in the app economy: in-app purchases, app advertising, and app approval. In each use case, AppCoins tokens (APPC) are used as the medium of exchange between users, developers, stores, and OEMs.
In-app purchases: Users can buy digital goods and services within apps using APPC tokens. Developers can receive APPC tokens from users and share them with stores and OEMs. Stores and OEMs can reward users with APPC tokens for their attention and loyalty.
App advertising: Developers can use APPC tokens to promote their apps on stores and OEMs' devices. Stores and OEMs can display ads on their platforms and devices and share the revenue with developers. Users can earn APPC tokens for viewing ads and installing apps.
App approval: Developers can use APPC tokens to submit their apps for approval on stores and OEMs' devices. Stores and OEMs can review and approve apps based on a transparent and objective criteria. Users can benefit from a higher quality and security of apps.
All transactions in the AppCoins protocol are recorded on the Ethereum blockchain, ensuring transparency, security, and immutability. The protocol also uses smart contracts to automate the execution of rules and agreements between parties.
What are the benefits of AppCoins?
AppCoins offers several benefits for all stakeholders in the app economy, such as:
Increased revenue share: Developers can get a minimum of 75% and up to 96% of the revenue from their in-app purchases, compared to the average 70% offered by traditional app stores.
Reduced mobile ad fraud: The protocol uses a new proof-of-attention model and blockchain technology to reduce the risk of fraudulent traffic and ensure fair attribution of ad revenue.
Boosted app discovery: Developers can reach more users across different channels and markets by integrating AppCoins technology once and distributing the same Android APK file in all platforms.
Enhanced user experience: Users can enjoy a seamless and convenient payment process with AppCoins Wallet, as well as earn rewards for their attention and loyalty. Users can also access a wider range of apps with higher quality and security standards.
Improved app distribution: Stores and OEMs can offer a more diverse and competitive app portfolio to their users, as well as generate more revenue from in-app purchases and app advertising. Stores and OEMs can also leverage the blockchain technology to reduce costs and increase efficiency.
AppCoins Wallet: Your Digital Wallet to Manage Payments
What is AppCoins Wallet?
AppCoins Wallet is a AppCoins Wallet is a digital wallet that allows you to manage your AppCoins tokens (APPC) and other cryptocurrencies. You can use AppCoins Wallet to make in-app purchases, earn rewards, and send and receive payments.
How to use AppCoins Wallet?
To use AppCoins Wallet, you need to download the app from the Google Play Store or the AppCoins website. You can also access the wallet from your browser using the Chrome extension. Once you have installed the app or the extension, you need to create an account and choose a username. You will also receive a recovery phrase that you should write down and store securely. The recovery phrase is the key to your wallet and your funds, so do not share it with anyone or lose it.
After setting up your account, you can start using AppCoins Wallet to buy, sell, and store AppCoins and other cryptocurrencies. You can also use the wallet to make in-app purchases in apps that support AppCoins technology. You can find a list of compatible apps on the Catappult website. To make an in-app purchase, you need to have enough AppCoins tokens in your wallet. You can buy AppCoins tokens with your credit card, debit card, or other cryptocurrencies. You can also earn AppCoins tokens by watching ads or installing apps that offer rewards.
What are the features of AppCoins Wallet?
AppCoins Wallet has several features that make it a convenient and secure way to manage your AppCoins tokens and other cryptocurrencies. Some of these features are:
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Safety: AppCoins Wallet is very safe, as it uses encryption and biometric authentication to protect your account and funds. You are also in full control of your private keys and recovery phrase, which means only you can access your wallet.
Easy installation: The app installation is very simple and intuitive. You just need to follow the instructions on the screen and choose a username and a password. You can also use the Chrome extension to access your wallet from your browser.
Rewards: The AppCoins Wallet enables users to get a bonus of up to 20% in AppCoins Credits to spend on in-app purchases for each purchase they make. AppCoins Credits are a non-transferable currency that can only be used within the AppCoins ecosystem. Users can also earn AppCoins tokens by watching ads or installing apps that offer rewards.
Your own language: The AppCoins Wallet supports multiple languages, including English, Portuguese, Spanish, French, German, Russian, Chinese, Japanese, Korean, Hindi, and Arabic. You can choose your preferred language from the settings menu.
In-app payments: The AppCoins Wallet allows users to make in-app purchases in apps that support AppCoins technology. Users can pay with their AppCoins tokens or other cryptocurrencies, such as Bitcoin or Ethereum. Users can also use their credit card or debit card to buy AppCoins tokens within the wallet.
Back up your wallet: The AppCoins Wallet allows users to back up their wallet using their recovery phrase or their Google Drive account. This way, users can restore their wallet in case they lose their device or uninstall the app.
AppCoins Price and Market Data
What is the current price of AppCoins?
The current price of AppCoins as of June 22, 2023 is $0.001814 USD, according to CoinMarketCap. This represents a 0.95% increase in the last 24 hours. The market capitalization of AppCoins is $435,046 USD, ranking it at #1686 among all cryptocurrencies. The 24-hour trading volume of AppCoins is $11.63 USD.
How to buy and sell AppCoins?
To buy and sell AppCoins, you need to use a cryptocurrency exchange that supports APPC trading. Some of the exchanges that list APPC are HitBTC and Uniswap v2. You can find more exchanges on our crypto exchanges page. To buy APPC on an exchange, you need to create an account on the exchange platform and verify your identity. Then you need to deposit some funds into your account using fiat currency or another cryptocurrency. Next, you need to find the APPC trading pair that matches your preferred currency and place an order. To sell APPC on an exchange, you need to follow the same steps but in reverse order.
You can also buy and sell APPC using Coinbase Wallet, which is a self-custody wallet that allows you to swap your ETH for APPC right in the mobile app or browser extension. To use Coinbase Wallet, you need to download the app or the extension and create an account with a username and a recovery phrase. Then you need to connect your wallet to the Uniswap app and swap your ETH for APPC. To sell APPC using Coinbase Wallet, you need to do the same but in reverse order.
What are the factors that affect AppCoins price?
The price of AppCoins, like any other cryptocurrency, is determined by the supply and demand of the market. However, there are also some specific factors that can influence the price of APPC, such as:
The adoption and growth of the AppCoins protocol: The more users, developers, stores, and OEMs that use AppCoins technology, the more demand and value for APPC tokens. The AppCoins protocol aims to reach 200 million users by 2023, which could boost the price of APPC.
The innovation and development of the AppCoins project: The more features and improvements that are added to the AppCoins protocol and wallet, the more utility and attractiveness for APPC tokens. The AppCoins project is constantly working on new updates and partnerships to enhance its ecosystem.
The competition and regulation of the app economy: The more competitors and regulations that challenge the AppCoins protocol and wallet, the more pressure and uncertainty for APPC tokens. The app economy is a highly competitive and regulated market, with players like Google, Apple, Facebook, and others dominating the scene.
The sentiment and speculation of the crypto market: The more positive or negative emotions and expectations that surround AppCoins and other cryptocurrencies, the more volatility and fluctuation for APPC tokens. The crypto market is often influenced by news, events, trends, rumors, and hype.
Conclusion
AppCoins is a cryptocurrency that aims to revolutionize the app economy by creating a universal language for app stores, using blockchain technology and smart contracts. AppCoins enables three main use cases in the app economy: in-app purchases, app advertising, and app approval. AppCoins offers several benefits for all stakeholders in the app economy, such as increased revenue share, reduced mobile ad fraud, boosted app discovery, enhanced user experience, and improved app distribution. AppCoins Wallet is a digital wallet that allows you to manage your AppCoins tokens and other cryptocurrencies. You can use AppCoins Wallet to make in-app purchases, earn rewards, and send and receive payments. AppCoins price is determined by the supply and demand of the market, as well as some specific factors that affect its adoption, innovation, competition, and sentiment.
FAQs
What is the total supply of AppCoins?
The total supply of AppCoins is 246 million APPC tokens. There will never be more than this amount of APPC created.
How can I get involved in the AppCoins project?
If you are interested in joining the AppCoins project, you can visit their website and follow their social media channels. You can also join their community on Telegram, Reddit, or Medium. You can also contribute to their open-source code on GitHub or report any issues or bugs on their support page.
What are some apps that support AppCoins technology?
Some of the apps that support AppCoins technology are Angry Birds 2, Coin Master, Lords Mobile, Gardenscapes, Homescapes, Township, Fishdom, Sniper 3D Assassin, War Robots, World War Heroes, Modern Strike Online, Pixel Gun 3D, Shadow Fight 3, Shadow Fight 2 Special Edition, Bomber Friends, Zombie Catchers, Cooking Fever, Hill Climb Racing 2, Jetpack Joyride, Fruit Ninja Classic, Cut The Rope 2, Cut The Rope Magic, King Of Thieves, My Talking Tom Friends, My Talking Angela 2, My Talking Tom 2, My Talking Angela, My Talking Tom, Talking Tom Gold Run , and many more. You can find a complete list of compatible apps on the Catappult website.
How can I contact the AppCoins team?
If you have any questions, suggestions, or feedback for the AppCoins team, you can contact them through their email address: info@appcoins.io. You can also reach out to them through their social media channels or their community platforms.
Where can I learn more about AppCoins?
If you want to learn more about AppCoins, you can visit their official website, where you can find more information about their protocol, wallet, use cases, partners, and roadmap. You can also read their whitepaper, which explains the technical details and vision of the project. You can also watch their videos, which showcase their features and tutorials. 44f88ac181
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