POS terminals that merchants will use will be region based?
No,POS terminals wont be region based,there wont be any restrictions,and thats one of the Agate advantages. |
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How many transactions per second do you expect Agate blockchain to be able to handle?
Agate blockchain is expected to handle 1000 transactions per second.Also,good thing about Agate is that it will need only 1 confirmation for successful transaction because it runs inside iFiat Ecosystem. It is a bit weird that it will be only 1 confirmation needed, but if it is safe and works I'm happy and people will be happy  In most business transactions 1 confirmation should be fine because nobody is going to scam you for a cup of coffee. There will be more problems if it is still only 1 confirmation when it comes to much larger business transactions. Actually it will be possible to increase number of confirmation needed,for those that want extra security. Is that going to be option only for merchants,or for customers too? If for that problem I don't understand whether it's only for traders or customers too, it's better to just ask the manager to get the correct information How i understand it,its meant for merchants,as they will be able to set the apps that way to require multiple transaction cofnrimation,if they prefer it that way. |
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I heared that you might extend Presale.Is that true?
I think that's not bad idea at all,if that is true and you go for that,since market situation aint best at the moment,so better take more time.
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Do you plan to eventually move on your own blockchain,or Ethereum blockchain is good enough for your needs?
That is plan for sure,Agate is developing their own blockchain,that will be POS based.But that change will happen sometimes during 2019,probably in the first half,if everything goes well. |
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How many transactions per second do you expect Agate blockchain to be able to handle?
Agate blockchain is expected to handle 1000 transactions per second.Also,good thing about Agate is that it will need only 1 confirmation for successful transaction because it runs inside iFiat Ecosystem. It is a bit weird that it will be only 1 confirmation needed, but if it is safe and works I'm happy and people will be happy In most business transactions 1 confirmation should be fine because nobody is going to scam you for a cup of coffee. There will be more problems if it is still only 1 confirmation when it comes to much larger business transactions. Actually it will be possible to increase number of confirmation needed,for those that want extra security. |
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In your first page you claim that you will sort market volatility with Agate iFiat ecosystem.How you plan to do that,as volatility is keeping many people away from crypto?
Volatility is keeping many people away from crypto? I am sure that almost 100% of the people are part of crypto because of the crazy volatility. Yes,it attracts speculators.And crypto is not in the mass use,crazy low amount of people actually is in crypto.And it wont be unless that thing is sorted.End goal for crypto is not to be speculative asset,its to be actually used in everyday life.Blockchain technology is much more than exchanges and all that craze. I coudlnt agree more,thats why Agate iFiat system is important,as iFiat will be Agate stable coin.You simply need some stability in order to reach mainstream and mass use. iFiat will be pegged to USD,it will be something like Tether? Yes,iFiat will be pegged to USD ,in 1:1 ratio.But its been mentioned in the whitepaper that in the future we can expect other versions too,pegged to EUR,JPY and few other currencies. |
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How many transactions per second do you expect Agate blockchain to be able to handle?
Agate blockchain is expected to handle 1000 transactions per second.Also,good thing about Agate is that it will need only 1 confirmation for successful transaction because it runs inside iFiat Ecosystem. |
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I see that LBD will be your internal currency,how can we earn that?
Hi Pixote There are 3 main ways to get LBD: Creation: Creation of accounts on Lynked.World Platform, completing and authenticating profiles on the platform,Content creation (Blogs and Posts) Motivation:Referring and Onboarding others on our platform, sharing Posts outside the Lynked.Worldecosystem Participation:Participating in discussions, commenting on blogs,Participating in Surveys and polls I would argue that the best one is Creation: for the project.It helps project raise the numbers the most. I would add that Motivation can also be a very powerful way to support a project also.If you are influencer and have a big network you can promote the project on a larger scale then some normal average enthusiast by creating content. Well, in the end each participant chooses his own way  Yes,this is the good thing, that there is a way for everyone to earn LBD, with a bit of effort of course. |
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What are the differences between Loligo Private Sale and Public Presale?
Usualy private sale is for big venture investors and the minimum of investments is very high. Public presale is for all the investors and minimum of investment is not very big. In private sell periode sometimes the price can be negotiated, as it is not set because in general the buy is relatively large. In Public presale, there also huge bonus too, but not as much as that given to those who buy when private sell is still ongoing. Yeah,those are just diferent tyeps of sales with different bonuses.But good thing about Loligo is that all bonus tokens will be locked,no matter the sale phase,so noone will have big advantage at the start. |
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any different between agate and pay pal? and how about your debit card any different from other crypto debit card?
Regarding the debit card,i think that we all hope for lower fees,as thats what is keeping people away from crypto debit cards.I have one just in case,but i almost never use it,just because of all the fees. Yes, the fees can be quite steep and so people don't opt for crypto debit. Thats why Agate has good chances to disrupt this market with their own card,with more reasonable fees,and they will profit from that in the long run,with many users. I do hope they achieve this - do we know how low the fees will be? I just checked whitepaper,and those fees are not decided yet.Plenty of time left,i think that will depend on the market too,and competition. Thats is true,fees are not known yet,but we have some info about transaction limits,withdraw limits,ATM daily withdraw limit,max balance limits,so im sure that we will get fee info soon. Can you share that info? Write it here if it's not a problem. Here it is,easier to share pic,debit card details,so limits will depend on the KYC you go through |
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any different between agate and pay pal? and how about your debit card any different from other crypto debit card?
Regarding the debit card,i think that we all hope for lower fees,as thats what is keeping people away from crypto debit cards.I have one just in case,but i almost never use it,just because of all the fees. Yes, the fees can be quite steep and so people don't opt for crypto debit. Thats why Agate has good chances to disrupt this market with their own card,with more reasonable fees,and they will profit from that in the long run,with many users. I do hope they achieve this - do we know how low the fees will be? I just checked whitepaper,and those fees are not decided yet.Plenty of time left,i think that will depend on the market too,and competition. Thats is true,fees are not known yet,but we have some info about transaction limits,withdraw limits,ATM daily withdraw limit,max balance limits,so im sure that we will get fee info soon. |
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I really like this series of Agate Medium articles that are done by Rahul Kumar,they are very interesting informative,so please keep them coming! |
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How you plan to spend raised funds, what will be the focus after end of sale?
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How will Agate make money.What will be source of income?
Transaction fees will be main source of income I think. Fees will be small, but still when platform gets more popular, it should be enough. And add on that debit card, and there should be plenty of revenue. Exactly, there will be many sources of income. Fee form currency exchange, fee for POS terminals, fee for transactions, fee for ordering debit card and then fees while using that card. All these small fees will add up. |
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I see that there will be an option of shared mining,where we can mine 2 cryptocurrencies at the same time.Does that mean that we will be able to mine LLG and any other Loligo based cryptocurrency at the same time?
Hi Gwiazdooka for ecologic reasons, LLG will be mineable in the same time with ETH. work with mning pool is ongoing to plan the support Thank you Will we be able to solo mine or it will be need ed to join some public pool? Hi Klackalica sure YOu will be able to do solo mining However to secure a good start, mining will be allowed only to LOLIGO private nodes once ready, mining will be open to pools as first step, then to solo miners All mined tokens will be distributed to hoelders.Thank you Thank you Will there be some fee for mining on your private nodes? |
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When is staking planned to go Live?
Mainnet is planned for Q1 2019,so i thats when it Agate will switch to their own blockchain,and i guess thats when POS will begin. Hm,im not so sure that switching will happen during Mainnet reelase in Q1.Agate blockchain smart contract is scheduled to be relased in Q2 2019,so i think its most likely POS will start then,but maybebest to wait team member to clarify that part. I asked in their Telegram group regarding that, and they said it will be announced, so mayhe it's too early for exact date, or month. e may be 6 months away from that,even more,so its natural that they dont want to give any exact dates/months.Lets wait and see,one step at the time The team can possibly name if they already have some partner for the POS terminals. Those are just POS terminals, to be honest I don't think thats crucial info. |
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When is staking planned to go Live?
Mainnet is planned for Q1 2019,so i thats when it Agate will switch to their own blockchain,and i guess thats when POS will begin. Hm,im not so sure that switching will happen during Mainnet reelase in Q1.Agate blockchain smart contract is scheduled to be relased in Q2 2019,so i think its most likely POS will start then,but maybebest to wait team member to clarify that part. |
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Thanks for sharing that,an interesting article.For me,best reason is nr 1: Agate Blockchain: with its high speed and very low transaction fees, the Agate blockchain is way different from the rest. Completely decentralised and highly scalable, the blockchain has Smart Contracts for daily transactions with total reliability and security. A token generator engine and a block explorer to duly record every transaction with transparency are other added highlights.I think its incredibly important to have your own blockchain when you are dealing with something like ecommerce,so you are not dependant on 3rd party blockchains. It does make sense if you want to start your own economy. Though the development and maintenance costs are higher. I agree, but in a long tearm this will bring them a lot. What are some of the possibke benefits if having their own blockchain? Well they can set it up for their needs,they dont rely on the others.Cryptokitties were godo example how something so silly can completely fuck up whole network. |
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Since you are in private sale,rre there any restrictions when it comes to ICO participants?
Hi DiggerMan Residents (tax or otherwise), citizens and green card holder of the United States of America (USA) and its territories are forbidden from taking part in the Lynked.World Token Sale. Is this ban applies on some other countries? Hi BleedDFreak As stated, that ban applies only to citizens of United States. Interesting, I'm glad that thing has changed regards this issue since most projects have more countries on ban list. Is only USA forbidden or are there other countires? I dont get whats confusing in that answer there?Everything regarding restriction is clearly answered. |
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About LBD, we will be able to earn some by writing blogs. On what will depend if we get LBD for that? Quality of the content, or something else?
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