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Topic: 💰 [ANN][ICO][AGT] 💰 AGATE - Paypal for crypto currencies 💰 - page 202. (Read 521885 times)

copper member
Activity: 196
Merit: 0
promising project. in your road map, I saw that you are planning to obtain a bank license. Tell me, in which country?

I think they will get that in Australia as the project is based in that country.
Or they will use a country which has loose regulations in cryptocurrencies?
Waiting for the answer also from the team.
Aiming to be the PayPal of crypto should at least have that license.
Otherwise, this is just another project that wanted money from the community.

However most of team member based in Australia and India but for legal and taxation purposes company has been incorporated in Singapore where most if successful blockchain related and Fintech companies register in there as it has much relax regulation in this regard.

I would request to do more due diligence in white paper, all functional products, road map and team experiences and background to get more confident about the project, having high level and senior people from leading companies like Dell, Symantec and Google is not a easy task, not to mention "PayPal for cryptocurrencies" is a general terms to give a high level understanding for non-technical people I believe you as a professional can appreciate the project and how it can revolutionary make a positive change in crypto economy, Agate would have much more functionality than PayPal in fiat economy due to being decentralise and also being as platform for all developers to run their DApp on it, please make sure you follow Agate news channel and telegram group for very exciting news soon. Wink
https://t.me/AgateChain
https://t.me/agatechain_group


copper member
Activity: 196
Merit: 0
I really like the idea behind AGATE and it looks like team is very serious. Happy to support the project that will allow us spend crypto with such a low fees and so user friendly.
Do you have any bonuses on purchase available at the moment?

Great to hear that Smiley and thanks for support
if you mean bounty please refer to : https://bitcointalksearch.org/topic/bounty-agt-agate-bounty-1862000-usd-rewards-for-participants-4426676
but if you mean discount/bonuses on purchase , Yes currently private sale is running which has a minimum of $50,000 with 35% discount.

Oh, that is to much for me, what will be minimum in normal sale?

Do  you believe  $60 (~ 0.1 ETH) is too much for minimum sale?
copper member
Activity: 196
Merit: 0
promising project. in your road map, I saw that you are planning to obtain a bank license. Tell me, in which country?

Already applied for Australia and Singapore which then letting us to work with many countries, not to mention this types of banking license only needed Agate add purchasing crypto option in future and want's to directly work with card issuers but for current functionality it doe's not need to be a bank.
newbie
Activity: 65
Merit: 0
promising project. in your road map, I saw that you are planning to obtain a bank license. Tell me, in which country?
I agree with you. Hope this will be available to more country . I like the idea of this project.



Thank you, we also hope that we can expand the project in more countries.  Wink
newbie
Activity: 65
Merit: 0
why did you put "Paypal for crypto currencies" in the title? What kind of similarities to paypal do you have?


It was a good question, perhaps after a lot of research, we came to the conclusion that, as people have a better understanding of PayPal's function, it's better to use this word. But in fact, we can say that our project will be much wider and faster than PayPal.
newbie
Activity: 65
Merit: 0
i would like to participate in the bounty campaign for the romanian translation but i do not see any spreadsheet on the already allocated work. i thought i should ask here since i saw the dev online  Grin

Try the telegram channel as well, I hear it's really popular with projects.


Totally agree with you  Smiley

Please join us on telegram, this is our Telegram link
newbie
Activity: 171
Merit: 0
I really like the idea behind AGATE and it looks like team is very serious. Happy to support the project that will allow us spend crypto with such a low fees and so user friendly.
Do you have any bonuses on purchase available at the moment?

Great to hear that Smiley and thanks for support
if you mean bounty please refer to : https://bitcointalksearch.org/topic/bounty-agt-agate-bounty-1862000-usd-rewards-for-participants-4426676
but if you mean discount/bonuses on purchase , Yes currently private sale is running which has a minimum of $50,000 with 35% discount.

Oh, that is to much for me, what will be minimum in normal sale?
newbie
Activity: 65
Merit: 0
Interesting project - in which phase is it now? pre-ICO or ICO?


Well you can check this link for find out where we are on roadmap
member
Activity: 209
Merit: 10
What currencies would be supported on the platform?

Agate’s user app, user can deposit five crypto assents including BTC, ETH, LTC, BCH and Ripple. Up to 17 cryptocurrencies are in the development phase and are expected to be released in Q42018. Users are able to immediately and with the best global exchange rate convert any of their crypto assents to and IFiats (Ie. iUSD, iEUR etc).

Do you have application out yet?

There should be a beta version on Google play.
hero member
Activity: 2744
Merit: 588
promising project. in your road map, I saw that you are planning to obtain a bank license. Tell me, in which country?

I think they will get that in Australia as the project is based in that country.
Or they will use a country which has loose regulations in cryptocurrencies?
Waiting for the answer also from the team.
Aiming to be the PayPal of crypto should at least have that license.
Otherwise, this is just another project that wanted money from the community.
member
Activity: 102
Merit: 10
promising project. in your road map, I saw that you are planning to obtain a bank license. Tell me, in which country?
newbie
Activity: 168
Merit: 0
i would like to participate in the bounty campaign for the romanian translation but i do not see any spreadsheet on the already allocated work. i thought i should ask here since i saw the dev online  Grin

Doesn't hurt to try  Grin
newbie
Activity: 182
Merit: 0
What will be the main AGATE  source of revenue?

Currently there are 10 direct utilisation for Agate and in-direct potential  in enormous because as an platform or blockchain protocol thousands of developers and business can use Agate to generate their own tokens and run their very own crypto economy on Agate,
here I copied 10 direct utilisation from WP:

------
Unlike most newly generated tokens of ICOs in blockchain apps or software with no or only one income stream, one of the value propositions of the AGT token is that it has several revenue streams to ensure our token holders have a solid, continuous value-added token. While we always work to add as many as possible new strong income streams for AGT token, here are some examples for the current Agate token:

1.   All exchange orders between different cryptocurrencies have a fixed cost of 1.00 AGT
2.   Any trades by Agate Trade Bot at the time of execution would cost 1.00 AGT
3.   Although exchanging cryptocurrency to any iFiat token is free, if users want to load their cards or request bank transfers, Agate will charge them an equivalent of 1% of the transferred order in AGT token.
 
Code:
Example: Tim wants to transfer $500 worth of BTC to his card. He exchanged 1 BTC on the best exchange rate (1 BTC = 10,000 iUSD), and his iBucket would charge iUSD 500 (no additional exchange or transfer fee) in the next step; he wants to load $500 to his card.
As 1 AGT ~ $0.079 and 1% of $500 is $5, he needs 63.291139 AGT to authorise this order; so let’s say the value of AGT token increases by 10X, and each token is worth $0.79; to do so, he needs 6.329113 AGT to do the same, so it’s always better to buy and keep more AGT token to save more on Agate fees.

4.   In order to bootstrap the Agate iFiat ecosystem while there is no transaction fee to buy any item inside Agate iFiat Ecosystem, for example, customers can go to any Agate Merchant, either in store or online, and pay 100 iUSD to buy some things, and merchants will receive the exact 100 iUSD, which they can use to pay to their suppliers who are also in this ecosystem, or they may prefer to cash out their funds to their cards or bank accounts. This is when we charge them the equivalent of 1% of a withdrawal fee in AGT token (similar to when users load their cards).
5.   Ordering cards, POS terminals, printing paper rolls or any physical merchant’s accessories can be paid by AGT tokens; this would immediately add value to the tokens.
6.   Agate Token Generator, as described in its section, allows everyone to create their own customised tokens. To do this, they should pay a one-off fee of 50 AGT. This can be done through Agate Token Generator GUI or Agate API Suite.

7.   Any transaction, either inside iFiat Ecosystem or when businesses or developers create their own tokens, should be paid by AGT coin (like gas in Ethereum) which is 0.01 AGT.

8.   Once we switch to Agate’s main net from our existing test net, all AGT coins would be minable, and as we use the Proof-of-Stake (PoS) method in our blockchain, and miners needs to buy a minimum of 50,000 AGT coins or create a public mining pool in order to start mining, this also would highly increase the demand for AGT coin.

9.   Once our smart contract implementation is finished, in order to execute it in Agate, blockchain users need to pay in AGT coin.

10.   B2B income, by having a comprehensive API suite, the whole suite can be used as white-label platform for those, first, who have their own customers and want to avoid banking fees (e.g., big supermarkets or petrol station chains) or companies who have their own customer acquisition methods and go to market strategy or enterprises who want to integrate Agate with their existing environment and application or even ERP. While they can generate their own iFiat tokens to make sure there is no other token issuer, all operations inside Agate blockchain would work only with AGT token, and also they should buy a API call package for each request as in the pricing table below plus 50 AGT tokens for initial account setup fee, which we will waive for the first 50 companies to get the ball rolling!


Thank you for detailed answer,seems like you covered everything Smiley

Great to see that everything is so detailed and well thought off.Shows how good team and this project is, optimistic about the future of the project.

Always nice to see the team so dedicated to their project.
jr. member
Activity: 140
Merit: 2
What will be the main AGATE  source of revenue?

Currently there are 10 direct utilisation for Agate and in-direct potential  in enormous because as an platform or blockchain protocol thousands of developers and business can use Agate to generate their own tokens and run their very own crypto economy on Agate,
here I copied 10 direct utilisation from WP:

------
Unlike most newly generated tokens of ICOs in blockchain apps or software with no or only one income stream, one of the value propositions of the AGT token is that it has several revenue streams to ensure our token holders have a solid, continuous value-added token. While we always work to add as many as possible new strong income streams for AGT token, here are some examples for the current Agate token:

1.   All exchange orders between different cryptocurrencies have a fixed cost of 1.00 AGT
2.   Any trades by Agate Trade Bot at the time of execution would cost 1.00 AGT
3.   Although exchanging cryptocurrency to any iFiat token is free, if users want to load their cards or request bank transfers, Agate will charge them an equivalent of 1% of the transferred order in AGT token.
 
Code:
Example: Tim wants to transfer $500 worth of BTC to his card. He exchanged 1 BTC on the best exchange rate (1 BTC = 10,000 iUSD), and his iBucket would charge iUSD 500 (no additional exchange or transfer fee) in the next step; he wants to load $500 to his card.
As 1 AGT ~ $0.079 and 1% of $500 is $5, he needs 63.291139 AGT to authorise this order; so let’s say the value of AGT token increases by 10X, and each token is worth $0.79; to do so, he needs 6.329113 AGT to do the same, so it’s always better to buy and keep more AGT token to save more on Agate fees.

4.   In order to bootstrap the Agate iFiat ecosystem while there is no transaction fee to buy any item inside Agate iFiat Ecosystem, for example, customers can go to any Agate Merchant, either in store or online, and pay 100 iUSD to buy some things, and merchants will receive the exact 100 iUSD, which they can use to pay to their suppliers who are also in this ecosystem, or they may prefer to cash out their funds to their cards or bank accounts. This is when we charge them the equivalent of 1% of a withdrawal fee in AGT token (similar to when users load their cards).
5.   Ordering cards, POS terminals, printing paper rolls or any physical merchant’s accessories can be paid by AGT tokens; this would immediately add value to the tokens.
6.   Agate Token Generator, as described in its section, allows everyone to create their own customised tokens. To do this, they should pay a one-off fee of 50 AGT. This can be done through Agate Token Generator GUI or Agate API Suite.

7.   Any transaction, either inside iFiat Ecosystem or when businesses or developers create their own tokens, should be paid by AGT coin (like gas in Ethereum) which is 0.01 AGT.

8.   Once we switch to Agate’s main net from our existing test net, all AGT coins would be minable, and as we use the Proof-of-Stake (PoS) method in our blockchain, and miners needs to buy a minimum of 50,000 AGT coins or create a public mining pool in order to start mining, this also would highly increase the demand for AGT coin.

9.   Once our smart contract implementation is finished, in order to execute it in Agate, blockchain users need to pay in AGT coin.

10.   B2B income, by having a comprehensive API suite, the whole suite can be used as white-label platform for those, first, who have their own customers and want to avoid banking fees (e.g., big supermarkets or petrol station chains) or companies who have their own customer acquisition methods and go to market strategy or enterprises who want to integrate Agate with their existing environment and application or even ERP. While they can generate their own iFiat tokens to make sure there is no other token issuer, all operations inside Agate blockchain would work only with AGT token, and also they should buy a API call package for each request as in the pricing table below plus 50 AGT tokens for initial account setup fee, which we will waive for the first 50 companies to get the ball rolling!


Thank you for detailed answer,seems like you covered everything Smiley

Great to see that everything is so detailed and well thought off.Shows how good team and this project is, optimistic about the future of the project.
newbie
Activity: 182
Merit: 0
Interesting project - in which phase is it now? pre-ICO or ICO?

I think its ICO....
newbie
Activity: 210
Merit: 0
How much you expect to raise during the sale?

Pre-sales highest discount is %25 and no discount in Public sale below is the detail

PRE-SALES STAGE 1 21 AUG 2018 - 31 AUG 2018 25% DISCOUNT
PRE-SALES STAGE 2 1 SEP 2018 - 11 SEP 2018 20% DISCOUNT
PRE-SALES STAGE 3 12 SEP 2018 - 22 SEP 2018 15% DISCOUNT
PRE-SALES STAGE 4 23 SEP 2018 - 3 OCT 2018 10% DISCOUNT
PRE-SALES STAGE 5 4 OCT 2018 - 14 OCT 2018 5% DISCOUNT
PUBLIC SALES 15 OCT 2018 - 15 NOV 2018 NO DISCOUNT


This is a very useful info, thx very much!
newbie
Activity: 252
Merit: 0
What will be transaction fees, when all this conversions kick in? Fee will be in AGT right?

Transaction fee is always 0.01 AGT which currently is almost free ( $0.00076), in fact one the most interesting things in Agate project is very cheap transaction fee which let anyone to pay for items as cheap as $0.5 and still make sense. also as we mentioned in WP by increasing value of Agate up to 10X or even (hopefully) 100X more than today price still is very very cheap (i.e: if Agate price increase by 10X and become $0.76 then the transaction cost would be $0.0076 and if it increase by 100X the transaction cost would be $0.076 which still is nothing) hope I answer your question

So the fee is fixed independently of which value the token will achieve. Great Smiley
newbie
Activity: 266
Merit: 0
i would like to participate in the bounty campaign for the romanian translation but i do not see any spreadsheet on the already allocated work. i thought i should ask here since i saw the dev online  Grin

Try the telegram channel as well, I hear it's really popular with projects.
newbie
Activity: 266
Merit: 0
why did you put "Paypal for crypto currencies" in the title? What kind of similarities to paypal do you have?
newbie
Activity: 266
Merit: 0
Interesting project - in which phase is it now? pre-ICO or ICO?
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