AppCoins Redesigning the App Economy The first ICO serving 200 million users
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.
