Topic: 💰 [ANN][ICO][AGT] 💰 AGATE - Paypal for crypto currencies 💰 - page 204. (Read 521865 times)

This kind of cross platform support would be great!

Good thing you have a legal team. It surely isn't cheap, bit it's what you need in this circumstances.

Agate will be connected to our credit/debit cards?Like PayPal?

Yeah im sure you will cover everything,and consult legal department.You gotta be careful.

Thank you for your support 
Our legal team and lawyers are already on it.

I really like your idea, but I think you have to do lot of work, getting permissions from regulatory authority would not be easy

If you want to to invest equal or more than $7500 USD (~$10,000 AUD) worth of any coin.
Know your customer (alternatively know your client or ‘KYC’) is the process of a business identifying and verifying the identity of its clients. The term is also used to refer to the bank and anti-money laundering AML regulations which governs these activities. Know your customer processes are also employed by companies of all sizes for the purpose of ensuring their proposed agents, consultants, or distributors are anti-bribery compliant. Banks, insurers and export creditors are increasingly demanding that customers provide detailed anti-corruption due diligence information.

If I'm understanding well, Agate is essentially a platform which will provide a sort of gateway of liquidity between major assets and dollars. I see there are so many other functions planned, but still didn't get the whole picture.

EDIT: I've just read an answer you gave on thread a few posts earlier which is actually giving a wider picture.

Yeah its a smart thing to do your due diligence and check everything before investing.

Ok,so there is no AML at all ,right,no matter how much someone invest?

Thank you for detailed answer,seems like you covered everything

Seems like a very interesting project,everything that is trying to make crypto more convenient to actually use in everyday life has my vote.Gotta check WP abit more and then ill come back with questions.

There is a KYC process in place for order bigger than $7500 USD include private sale which is minimum $50,000 USD

Do we have to go trough any special procedures for private sale,like AML?

Appreciated so much  

Please let us know if you have any questions or need additional information about the Agate project

lets discuss Private regarding Private sale please fill this google form and will contact you soon. >> https://goo.gl/jrdeSu

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.
 

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!

What will be the main AGATE  source of revenue?

Thats true,good exchanges take time,not easy to get listed on them

Well said,
thanks for comment, TBH Agate never wants to be PayPal we want to create a safe, easy , cheap and practical ecosystem to expand and shift cryptoeconomy to next level, but to make it more digestible  for general public some user suggest to use this flag:)