API Network Crowdsale to Advance Plug and Play API Marketplace
The API Network empowers developers to expand the functionality of their applications without the need to repetitively learn different proprietary APIs. Beginning at 11:00 A.M. CST on June 18th, the API Network will launch API Coin (XAP).
XAP will be the token in which the API Network marketplace transacts. The digital tokens will be issued using the Master Protocol, a secure layer built on top of Bitcoin that enables the creation of smart properties. A total of 3 million XAP tokens will be generated during the crowdsale which represents 30 percent of 10 million tokens total that will ever be issued. XAP will be released in stages based on volume, rewarding early participants with a significantly lower price for XAP.
Web service owners are incentivized to connect their APIs to the API Network in return for compensation in API Coins (XAP) for calls made to their web service APIs. Developers pick and choose APIs from the API Network marketplace as building blocks to their own applications. End-users begin playing with those applications and XAP are then rewarded to the web service owners bringing the API Network full circle.
Curtis Lacy, the API Network’s lead architect presents a bold mission statement.
"The goal of the API Network is to take all the APIs in the world, and provide a universal mechanism for querying them. APICoin (XAP) will provide a transparent and distributed way to compensate developers and service providers for their effort."
Curtis has served the past two years as Engine, Inc.’s Chief Technology Officer and has led development on several crypto projects backed by the BitAngels Network.
Engine, Inc. (http://engine.co/) is one of the first web services to plug in with the API Network’s marketplace. Engine’s API makes it possible for future applications to read, organize, and search all of an end-user’s messages between Gmail, Facebook, Linkedin, and 24 other platforms.
For more information, please visit API Network’s website at http://apinetwork.co/
Related News
With the goal of making all those programmers lives better, there is a new marketplace for programmers to find the APIs they need, its called the Plug & Play Marketplace. The initial list of APIs in this marketplace has just been released and includes large data sources such as Facebook, Twitter, Gmail and IMAP for email. In addition the API Network will feature Bitcoin centric APIs including the “Kozeni API” by Hive and Humint. Hive is known for its easy to use Bitcoin wallet for newbies and enthusiasts and available on iPhone and Android devices. The Kozeni API will be one of the first....
Storied Silicon Valley accelerator Plug and Play recently revealed its biggest batch of blockchain startups yet. As part of its fourth FinTech class, Plug and Play selected eight blockchain startups, and while the number alone is impressive, two things stand out about its new entrants. The first is a renewed focus on the bitcoin blockchain, and the second is the maturity of the companies, which include recognizable names with market-tested products. But based on conversations with multiple participants, these ambitious founders are looking for more than mentorships. If all goes according....
The Plug and Play Tech Center, yet another accelerator program, is searching for bitcoin-related startups in Silicon Valley, with ambitions to fund bitcoin startups all over the globe. The company, which brands itself as a "global accelerator", is holding its Expo Winter 2013 conference on 5th December. The half-day event will feature a number of bitcoin and financial technology (or 'fintech') startups, which are expected to pitch to investors at the event. Panelists. There will also be a panel featuring a number of members that are well known representatives of the bitcoin economy,....
Bitcoin wallet vendor Mycelium has announced the release of their new Bitcoin wallet and the launch of its crowdsale. This announcement was posted on Reddit and states that the new wallet shall be simply called Mycelium. The announcement claims that the new wallet has been equipped with a plug in API that will allow anyone to integrate their own services and features directly into the wallet. Prior to this, companies whose services run on Mycelium were usually added to the platform by its developers. But according to this release, with the new API businesses and developers will be able to....
"We're investing in about 10 bitcoin startups," Plug and Play's Scott Robinson revealed to an audience of investors at the recent Winter EXPO. The crowd in attendance saw a batch of fintech (financial technology) startup pitches, 11 of which had a focus on bitcoin. Robinson runs the bitcoin initiatives at Plug and Play Tech Center, a incubator and startup accelerator that has taken an interest in bitcoin startups as of late. Plug and Play's location in Sunnyvale, California is also home to the weekly Silicon Valley Bitcoin Meetup, which has 397 members and meets from 18:00 - 20:00 (local....