The API is gonna link to Apple Google and Ionnomy.
What I don't know.....
Is this a bit of innovation or do other companies offer the same. I also heard that later the API is going to be made available to external devs to do there own thing
So in other words: Your Paycoin investment will finally pay off when ION goes to the moon thanks to the API being used by game developers all over the world. Soon.
Just one question: Why would all these game devs use ION in
their they're there games instead of Bitcoins or Dollars?
To be fair i'll answer this in an ideal world.
In an ideal world if ionomy was actually popular and had a huge user base a dev might want to run through their api to leverage the user base and advertising etc.
However none of that exists and its a big ask for 33% of your profit. The ionomy api has been stated to take 33% of your price and then split that over coin buying on exchanges (kinda like a floor program) and 66% to other things.
However its essentially just a layer on top of google play store and ios app store if and thats a big IF it doesn't get removed. Basically as a dev you pay apple 30% of each dollar for their store use and distribution point. Ionomy would like you to use their api so they can take another 33% (higher than apple) so essentially in the end you get 37% or 37 cents in the dollar.
Why you would use your talent to give over 50% to both apple and ionomy together is anyones guess. Apple i can see as the exposure and their store tech etc its obvious... ionomy... meh they really aren't giving you 33% of each dollar in value. Sure you could prebuy ion and hope 1/3 of that 33% goes back to you in profit gains but lets face it with the stakers etc there are lots of people waiting in line to take those.
Its a flawed model that hasn't been thought out and the costings quite high. If they were smart they'd run the api and scheme at a cost neutral point or 0 cost to get people first then slowly raise it when people see proper value if there is any. They have ico funds etc so no need to be greedy on more funds.
My opinion is the api no matter how great they think is just a link between ios/google purchases and sending some coins/money to exchanges to buy/sell. Regardless of how concrete it is it offers not much to devs and basically is run so that devs provide value to ion.
It'll fail spectacularly. When first released i suspect there will be a spike on buyers because everyone will want it to go ahead but it won't sustain itself. It'll drop off after a brief spike.