Sunday April 11, 2021
Bitcoin (BTC) $59,867.00   Ether (ETH) $2,148.96
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Industry Deal

Blockchain exchange Kyber Network to collaborate with AppCoins

Published by CryptoNinjas.net
10/30/2017
Blockchain exchange Kyber Network to collaborate with AppCoins

Kyber Network, a blockchain exchange, and payment service today announced a strategic partnership with Aptoide, one of the largest Android app stores in the world, boasting 200 million users and over 4 billion downloads to date. Within the scope of the partnership, all Kyber Network token holders will be granted exclusive access on November 6th, 2017 to the pre-sale of AppCoin tokens — a new cryptocurrency introduced by Aptoide.

AppCoins

Aptoide has noted in its white paper that conventional app stores are stifling innovation in three main ways: inefficient and costly advertisement; inaccessible in-app purchases for the mass market; and a lack of transparency and trust between developers and users.

With AppCoins, users can earn tokens through engaging with app advertising and then spend this currency on in-app purchases (such as game items). Customers who lack access to traditional payment methods today will gain a chance to buy items that were previously inaccessible. In addition, a blockchain ledger will record all developers’ reputation, increasing the reliability of apps in the marketplace.

AppCoins’ potential extends beyond the Aptoide platform because the tokens will be made compatible with all app stores. With that in mind, an App Store Foundation will be created to coordinate the development of the protocol and reference implementation under an open governance model.

Kyber Network and AppCoins integration

The integration between Kyber Network and Aptoide’s platform will allow app developers and users to transact AppCoins using any ERC20 tokens and ETH. For example, a user could pay in any ERC20 cryptocurrency while the developer can receive the payment in AppCoins.

The liquidity is guaranteed by establishing reserves in the network. This reserve will be initially owned and managed by Kyber Network; later, other organizations and individuals with significant token holdings will be invited to join the network, increasing the liquidity pool.

The fungibility of ERC-20 tokens and the ability to buy and sell any service on the Ethereum protocol stabilizes the volatility by means of liquidity. This means that more focus can be directed to the provision of services which is currently obfuscated by blind speculation.

A winning model

Through this partnership, Aptoide stands to benefit from more visibility and market penetration; Kyber Network members who do not own Appcoins will have the possibility to instantly and seamlessly execute in-app purchases as if they were holding the coin. This in turn significantly reduces marketing costs to increase the token usage and liquidity.

During the first phase of the partnership, both companies will focus on the integration of services. Kyber Network will hope to benefit from the vast network which Aptoide has established.

In the longer term, Kyber and AppCoins will work towards attracting more decentralized mobile application stores, providing the opportunity for both to scale.

102
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

‘Katalyst’ protocol upgrade and new KNC token model goes live on Kyber Network
Networks & Protocols

‘Katalyst’ protocol upgrade and new KNC token model goes live on Kyber Network

07/07/2020
Switcheo completes integration of Kyber Network liquidity protocol
Crypto Exchanges

Switcheo completes integration of Kyber Network liquidity protocol

12/24/2019
Crypto wallet Eidoo adds Kyber for in-app token swaps
Wallets

Crypto wallet Eidoo adds Kyber for in-app token swaps

12/16/2019
KyberSwap Android
Vendor Technology

ERC20 token exchange dApp KyberSwap launches on Android

08/20/2019
HTC blockchain phone EXODUS 1 integrates Kyber Network for token swaps
Vendor Technology

HTC blockchain phone EXODUS 1 integrates Kyber Network for token swaps

05/14/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
DEX liquidity provider PancakeSwap now available on SWFT Blockchain

DEX liquidity provider PancakeSwap now available on SWFT Blockchain

04/09/2021
XRP Ledger based exchange Sologenic launches its new DEX

XRP Ledger based exchange Sologenic launches its new DEX

03/31/2021
ICON blockchain core developers add integration with Polkadot ecosystem

ICON blockchain core developers add integration with Polkadot ecosystem

04/03/2021
Ubitquity teams with VeChain on blockchain-powered tools for the global title industry

Ubitquity teams with VeChain on blockchain-powered tools for title industry

03/30/2021
AllianceBlock brings its DeFi apps to Avalanche ecosystem

AllianceBlock brings its DeFi apps to Avalanche ecosystem

04/08/2021
Decentralized cloud storage aggregator ColdStack gets investment from Digital Finance Group

Decentralized cloud storage aggregator ColdStack gets investment from Digital Finance Group

04/09/2021
C.R.E.A.M. Finance's Iron Bank to bring protocol-to-protocol flash loans to DeFi 

C.R.E.A.M. Finance’s Iron Bank to bring protocol-to-protocol flash loans to DeFi 

04/09/2021
Smart contract platform Avalanche integrates The Graph to expand querying and indexing

Smart contract platform Avalanche integrates The Graph to expand querying and indexing

04/09/2021
NFT blockchain technology provider Arkane Network closes €1.55M seed round

NFT blockchain technology provider Arkane Network closes €1.55M seed round

04/09/2021
mWallet: ProximaX's blockchain-powered white-label mobile wallet

mWallet: ProximaX’s blockchain-powered white-label mobile wallet

04/09/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version