At this moment in time, the mobile app market represents a huge industry which is actively developing, with new apps of all kinds appearing on a daily basis. However, access to apps is often provided through mobile app stores controlled by big companies which take a big share from the sales, due to the centralized architecture of these stores.
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App developers to regain their freedom
To help change this and grant Android app developers their freedom and the ability to keep their entire profit margin, the DAO PlayMarket 2.0 will be released.
The main goal of the store is to create a decentralized, and sustainable model meant for app developers, users and investors, while also introducing a new, unified standard for tokenizing mobile applications.
Some of the main advantages associated with the DAO PlayMarket 2.0 include, but are not limited to: allowing android app developers to issue their very own tokens, and hence implement them via the built-in ICO platform; making the platform resistant to censorship, while also storing information on the blockchain thus allowing access from anywhere in the world; integrating a decentralized cryptocurrency exchange platform with an open API; having the ability to pay for apps and in-app purchases via digital currencies.
By launching the tokenization system for the mobile app market, the PlayMarket 2.0 project will help developers raise funds for their new application ideas by issuing tokens and selling them through Initial Coin Offerings. This way, those who contribute can take advantage of cheaper app-services, be paid dividends for their contributions and more. Not only this, but the platform architecture will also assume a lock-resistant access to applications of all kinds.
To help kick-start the project, the team behind PlayMarket 2.0 is also launching their very own ICO. 75% of the 3 million PMT tokens will be distributed through the ICO, and the raised capital will be invested into the marketing program, meant to promote the platform. Purchasing tokens in the ICO will allow investors to become co-owners of the DAO PlayMarket Foundation.
While a lot has been achieved so far, the following months will bring onwards a couple of more developments, such as the issuing and distribution of the PMT tokens in November 2017, website upgrades, the release of the android app store, start of DAO voting in June 2018 and more.