AppCoins Frequently Asked Questions before the ApCoins ICO

There are a bunch of crowdsales out there, many happening right this moment. In fact, at the time this article is written, around 81 crowdfunds and ICOsare live all around the world. Each of them is unique, different in their own way.

The AppCoins protocol is set to take a giant step for the App Economy, attempting to become the backbone for decentralized worldwide transactions and the language that app stores, developers and manufacturers can openly speak.
Development of this exciting new technology will take time, sweat — probably tears, too — and effort, but we are dedicated to making our vision a reality.Join us.
AppCoins comes with a bright ambition, to make crypto-payments a simple and effortless process, powered by the state of the art technology which is based on high autonomy, safety, and efficiency.

The path to building such revolutionary system can be both exciting, challenging, and even confusing at times. However, with the amazing support of our constantly growing community, we are able to progress further and get inspired every day. To give back, we are sharing 10 frequently asked questions (and answers) which will, hopefully, clarify some things to our new and existing supporters:

I am a US citizen. Can I participate in the ICO?

It’s a worldwide ICO, but national laws apply. It’s up to the investors to check locally whether or not they can invest.

What’s the maximum token supply?

The maximum token supply is 450 Million APPCs, but only 160 Million will be for sale.

What happens to the tokens (if) which are left unsold?

The unsold tokens will be burned. In parallel, a proportional percentage of the Foundation, Aptoide, ICO Advisors & Team, and bootstrap will also be burned. This means that the hardcap is in reality $15.3m, and that value is corresponding to 40% of all tokens available.

Is there a minimum investment stake?

Yes, the minimum investment is approximately 0.033 ETH.

Does this ICO require KYC?

Yes, there will be two types of KYC. For investors under 5.000 USD there will be a Light KYC process where personal information will be required (first and last name, gender, date of birth, nationality, country of residence, passport/national id number). For investors over 5.000 USD we will have a Full KYC process where an additional scan of the passport or national ID card will be necessary.

Why do you require a KYC process?

The ICO is being issued from Singapore. The KYC / AML for larger investors is needed to be totally within the regulations and laws.

The aim of KYC is to prevent theft, fraud, terrorist financing and money laundering. It helps us ensure that our clients are not involved in any of the above, hence the service provider won’t get in trouble with the regulators.

Which cryptocurrencies are accepted during the sale?

Since AppCoins is an ERC20 token and the token distribution is done instantly by smart contract, we can only accept ETH.

How can I participate in the AppCoins ICO?

To participate in the AppCoins ICO, head over to https://www.appcoins.io once it opens on December 13th and follow the instructions. All you need is an Ethereum wallet compatible with ERC20 tokens. Please do not send ether (“ETH”) directly from cryptocurrency exchanges, use only an ETH and ERC20 compatible wallet.

What will be the token allocation?

During the crowdsale process there will be an allocation of a part of the total amount of AppCoin tokens. The remaining will be used later on to leverage the bootstrap phase of the AppCoins platform by rewarding users, developers and OEMs; to create the App Store Foundation; to reward key contributors to the ICO and the platform; and Aptoide for the initial support and contribution.

Do we receive the actual tokens during the sale?

After validating your eligibility as a user to invest in AppCoins’ pre-sale, you will need to transfer the Ethers from your Ethereum wallet. The Ethers transfer cannot go over $5,000USD, which is the cap for small investors during the pre-sale. After transferring the Ethers, you will receive a confirmation email stating the amount transferred and the number of AppCoins you will be receiving. The AppCoins ERC20 Token will only be issued after the official sale, so you don’t receive them at the moment of the investment (pre-sale). After the sale ends, all pre-investors will automatically receive the tokens that they bought in their Ethereum wallet.

In the future, how will the app store user be able to buy AppCoins?

A user that wants to buy AppCoins (eg: to top-up games) can use different methods acquire those AppCoins:

Tokens can be bought through exchanges. Meetings with several exchanges are being held to that purpose and will be announced in the pre-sale website. These partnerships will ease token purchases and will avoid the use to insert duplicated KYC information and get liquidity in the exchange process.

A partnership with Kyber was signed (https://blog.kyber.network/kyber-network-to-collaborate-with-appcoins-powered-by-aptoide-b5fcd9556703), and therefore users will be able to use other tokens to convert into AppCoins “on the fly”.

Partnerships with pre-paid cards providers are being conducted to be able to provide pre-paid cards with AppCoins in countries in SEA (Indonesia, Malaysia,…) and South America (Mexico, Brazil…).

I’m not seeing the APPC tokens in my wallet. How can I add them?

You need to configure the token using these details:  Address: 0x1a7a8bd9106f2b8d977e08582dc7d24c723ab0db Decimals: 18 Token Symbol: APPC

How can I invest?

Just head over tohttps://www.appcoins.io/sale and follow the instructions. If you require any help, let us know on our Telegram channel.

On which exchange it will be listed?

It will be in the beginning of 2018. We’re still negotiating with the top-10 exchanges and should have more news about this until the end of the year.

I can’t see my APPC tokens and haven’t received any confirmation. What went wrong?

Probably there was a problem with your token purchase. In any case the ETH should have been returned to your wallet. If you require any further assistance let us know on our Telegram channel.

Is there a bounty program I can join?

Yes. Stakes are distributed every week, on Saturday. Please get in touch with Sylon, our bounty manager, on Bitcointalk.

Can we transfer AppCoins immediately after purchase?

No, only after the ICO. The tokens are received but they are locked to avoid a parallel market . They will be unlocked a few days after the end of the sale.

Is there a vesting period for team tokens?

Yes there will be a vesting period for the team tokens. We will announce it shortly.

How can I purchase via Coinbase?

It isn’t possible to puchase tokens from Coinbase, as it isn’t compatible with ERC20 tokens. So the procedure of purchasing ETH from coinbase would be:

1. Buy ETH on Coinbase. 2. Transfer to a compatible wallet such as MyEtherWallet. 3. Send ETH from MEW to the deposit address as per the appcoins website procedure.

What is AppCoins Hardcap and Softcap?

Hardcap is 60,120 ETH and Softcap is 8,361 ETH.

What is the cost of each APPC token?

The crowdsale smart contract locked the price of each APPC token will be as following:

1 APPC = 0,0003339 ETH

This calculation was done on November 3rd, 2017 at 11:00am UTC having a price of ETH at $299 USD. We can only recommend that you purchase ETH as soon as possible in case you don’t have it, to avoid higher investment costs in the future, since analysts predict a continuing rise in the value of ETH. It is natural that some potential investors may feel in disadvantage for paying more USD for the same amount of tokens than the investors of the pre-sale, where the ETH had less value.

However, if those pre-sale investors would keep the ETH instead of investing in APPC, they would have exactly the same amount of tokens, which means there was a cost of opportunity in buying APPC with ETH.

We might set a discount in the first days of the sale. The discount is meant to reward the investors that decided to invest sooner than later. The value of this possible discount is not yet defined and will be announced in the following days.