An innovative new decentralized platform is aiming to liberate Android app developers and consumers alike from the restraints currently put in place by Google Play with a sustainable blockchain-based economic model.
The Google Play Android app store is one of the most popular app marketplaces and distributes more than two million applications to more than two billion devices around the world, but suffers from excessively rigid curation and centralization.
Then follow us on Google News!
While the Android app market is known to be more open and less regulated than the iOS App Store, there are still a number of limitations placed on both developers and consumers. Google Play charges developers a fee of around $25 to place an app on the marketplace, while consumers are barred from accessing specific applications dependent on geographic region and cannot access ad-blocking applications.
The DAO PlayMarket 2.0 platform aims to solve these problems and more with a decentralized Android App Store that removes the barriers to entry that restrict developers, as well as providing consumers with the ability to purchase apps with cryptocurrency.
Liberating the Android App Ecosystem
The DAO PlayMarket 2.0 system intends to disrupt the tightly controlled Android app ecosystem by creating a fusion between an Android app store, an ICO developer platform, and a crypto exchange. The platform is set to establish a unified standard for tokenizing the mobile applications market by introducing a number of advantages over incumbent app markets.
Developers that release their apps via DAO PlayMarket 2.0 will be able to create and release their own tokens that can be used both within their applications or to secure funding for new projects via a built-in ICO platform. The DAO PlayMarket 2.0 platform also offers a far more attractive commission structure, charging just one percent commission on application placement as opposed to Google Play’s 30 percent.
Aside from providing consumers with censorship-free access to apps, DAO PlayMarket 2.0 will also allow them to invest in the development process of apps that appeal to them and earn dividend income from it. Users are also able to purchase apps with cryptocurrency, which is not currently possible in the existing Android app ecosystem.
DAO PlayMarket 2.0 will also host a built-in cryptocurrency exchange called PEX. This integration allows for fast conversion between currencies and tokens, facilitating peer-to-peer trading real time with streamlined tools and interfaces.
The DAO PlayMarket 2.0 ICO
Unlike many of the ICOs that are currently underway, the DAO PlayMarket 2.0 platform has already completed a significant amount of work. The DAO PlayMarket 2.0 already boasts a working alpha version of its decentralized Android app store and has created a cold wallet prototype and smart contract prototypes.
The DAO PlayMarket 2.0 platform is built on the Ethereum ecosystem and will be issuing an ERC20 standardized “PMT” token which can be purchased with a range of currencies cryptocurrencies such as BTC, ETH, ETC, LTC, and DASH. The total number of PMT tokens issued will be limited to three million, of which 75 percent will be distributed through the ICO, and 25 percent will be transferred to the project team.
The DAO PlayMarket 2.0 project has already attracted more than $350,000 from private investors during a closed funding round and boasts prominent investors such as prominent Chinese cryptocurrency investor Chandler Guo and Expert Systems founder Ilya Churakov.
According to the DAO PlayMarket 2.0 whitepaper, the platform will launch with more than 500 apps available. As DAO PlayMarket 2.0 is already working with over 185 development teams and holds more than a million contracts with private developers, it is clear that the platform intends to make a serious impact on the Android app market ecosystem.