Everything you need to know about AppCoins Credits [Updated]
AppCoins Credits (APPC-C), also referred to as APPC Credits, are a virtual currency created by AppCoins that allows users — even the unbanked ones — to make online transactions, including in-app purchases (IAP).
Users can earn APPC-C without having or needing a bank card. To find out more about APPC-C, how to use and earn them, take a look at some of our frequently asked questions below:
Why AppCoins Credits were created
AppCoins’ mission is to give more flexibility and access to its users, especially to users that do not own a bank card or have access to online payment methods.
As part of the plan, AppCoins Credits were designed to promote and enforce the circular economy. Credits cannot be cashed out or converted into FIAT, which means they never leave the ecosystem. This creates a win-win scenario for both users and developers.
How to earn AppCoins Credits
There are six ways in which you can earn AppCoins Credits:
1) By giving an app 2 minutes of your time
To promote and monetise their products and increase user engagement, developers can create campaigns that reward users if they download and spend at least two minutes of attention in their app.
This concept is called ‘Proof-of-Attention’ (PoA) and it allows users to automatically receive credits into their AppCoins Wallet, which can then be used to make in-app purchases. Users are able to enjoy this feature up to three times a day. A user has to wait 24 hours before they can take advantage of PoA again.
2) User Incentive Programs
Our User Incentive Programs allow users to earn up to up to 25% of bonuses — in the form of AppCoins Credits — to spend and make further in-app-purchases. For every purchase a user makes, they are rewarded with a bonus. The amount of AppCoins Credits that the user receives depends on their in-app spending level.
3) Referral Program
In early October, AppCoins released a new Referral Program which allows users to invite up to five friends and earn $2.00 worth of AppCoins Credits per invite. Find out exactly how it works.
4) Special AppCoins Programs
During special times of the year, such as Christmas, Valentines, Carnival, Aptoide rewards users with AppCoins Credits — if they install specific apps and games, that is. Such programs are announced on our Facebook and Twitter channels, so make sure to follow us to learn when they go live!
5) Send AppCoins Credits
Users are able to send AppCoins Credits to anyone with an Ethereum wallet. This feature was formerly known as ‘Peer-to-Peer Transfers’.
Users can Top-Up their AppCoins Wallets using a PayPal account or a credit card. It’s that simple!
6) Ask Someone to Pay
Last, but not least, this payment method allows users to ask for funds by sharing a link with the person that will make the Top-Up. This is especially important for unbanked users; who can easily and safely ask their parents/adults for their favorite gaming items.
How to use AppCoins Credits
Inside the Aptoide app store, users can earn and spend their AppCoins Credits in the following bundles:
- ‘Featured AppCoins Apps’ (Earn and Spend AppCoins Credits)
- ‘Earn AppCoins Credits’ (Earn credits by giving 2 minutes of attention)
- ‘Use your AppCoins’ (Spend your AppCoins Credits)
Are AppCoins Credits safe?
AppCoins Credits, as well as AppCoins, are on the blockchain; meaning every transaction can be tracked and is open for the public to see. Thanks to blockchain technology, AppCoins has been able to introduce three fundamental concepts: Safety, Transparency, and Scalability.
AppCoins improve security, reliability, and scalability by using authentication frameworks, Merkle Tree-based structures, and Address Proxy Contracts.
What does the future hold for APPC-C fans?
Our team has been working non-stop to improve our product and bring new apps to our platform. For the latest information on the AppCoins universe, check out our bi-weekly AppCoins News Update (ANU).