api engine 2013 11 25
DESCRIPTION
http://apiengine.co/ Over this Startup Weekend, APIEngine created an API service for developers that lets them easily connect multiple sources of data such as Twitter and Google Maps using one simply interface. More than just this, APIEngine uses an entirely new model to release this service as an "Open Source" project + at the same time, to monetize the use of this service with a token we call APIcoin. This powerful new model lets anyone host the APIEngine service and offer it to the world in exchange for APIcoin. Thus there is demand for these tokens and whoever offers the API cheapest to developers gets their business. This serves developers by lowering prices for API calls and at the same time pays hosting providers to maintain and improve the application. This is not a Startup or a traditional company. This is a Decentralized Application, which is total open source and all the monetization is done through its tokens. And this is a really profitable model too.TRANSCRIPT
It’s a Restful API, that aggregates APIs + IMAP
Open Source
Unique Monetization
What’s the Problem?Integrating APIs & IMAP is a headache.Bad Documentation / Data Normalization
APIEngine
Developer App
APIengine the Solution
Community Validation
2 Apps Developed
70,000 Impressions
15 Spec Downloads
10 Developers
Twitter + Google Maps in Minutes
Displays Tweets
Near You
Hot Space
Numbers in Billions
Competitors
New Monetization Model • Issue Tokens to Access the API• Distributed API Web-Hosted for Tokens• Bitcoin Integration in the Backend
Bitcoin Token System
Bitcoin Now $10,000,000,000 Network Value
Its More Than BitcoinMastercoin $100,000,000 Value in 100 Days
$800 per Bitcoin
$103 per Mastercoin
50% 50%
Starting APIcoins “Founder / Funders”
Dev APIcoins “Open Source Contributors”
APIcoinDistribution Method
One more thing…
$5,000,000 USD
DistributedApps.co
DAPcoin
APIcoin$500,000 USD
APIEngine Distributed Application
APIEngine.coDistributedApps.co
Angel.co/apienginecoTwitter.com/APIengineco
Github.com/LDEngine/Engine-Data-ModuleGithub.com/DavidJohnstonCEO/APIcoin-SpecGithub.com/DavidJohnstonCEO/DAPcoin-Spec