What are some main problems that you plan to solve with Agate?
This is what their website says:
Lack of comprehensive solutions that can support all aspects of a true cryptoeconomy.
Shortage of white label solutions to allow developers to build their own DApp or DAO on a strong, reliable infrastructure.
Highly volatile crypto market.
Slow speed and high transaction fee and exchange rate.
Expensive and environment unfriendly mining method Proof of Work (PoW).
The number of merchants accepting cryptocurrency in comparison to the total number of traditional merchants is very low.
User-Facing Problems
Lose the value of users’ crypto assets in poor exchange markets.
Slow transaction speeds, taking from a few minutes to days to settle a transaction.
Managing several different coins and tokens that need different wallets.
Merchant-Facing Problems
Merchants are unsure which currencies to accept.
Business suppliers may not use cryptocurrency.
Slow transaction settlements; many providers take days to pay the merchants.