ICO Analysis:
AgatePublished on August 17, 2018
By Joshua Larson
Proof:
https://hacked.com/ico-analysis-agate/Team
Based in Sydney, Australia, the site list 16 team members including tthree founders.
Hamed Taghvaei- A serial founder of tech companies, including Drone Online, Myservo, King ICO and Business and Demand Group PTY LTD.
Hamid Ostad – Impressive resume. Since 2016, he’s been the Solutions Architect at BPay Group, a successful Australian bill payment company. He has seven years of experience as tech lead at Creative Digital Technology and five years Dev Manager at Gpayments PTY.
Ali Dorri – PhD candidate at UNSW studying blockchain. He seems to be a blockchain tech expert. No work history listed; his description says he’s worked with several successful blockchain projects already.
A few of the team members stand out.
Ehsan Jahandarpour – CMO. An influencer, he was ranked top 20 growth hacker in 2016 Forbes.
Ariya Chittasy – The website says he’s helped produce four startups over the last eight years, and twi of them are successful. Currently at Engenesis Ventures, where he “is working with visionaries and innovators to create tech-based companies that serve the world ”
Odette Abrenica – UI/UX Designer. She also has the same role at Engenesis.
Jaemie Dela Pena – Product Design Lead for Agate and Engenesis.
Asi Asgher – Project lead, also works at Engenesis.
There are six advisors – they look decent. J Brenton Smith was the VP & GM Asia Pacific & Japan business of Dell Software Group.
Verdict
There’s plenty to love about the project including a few unique, possibly groundbreaking ideas. However, there is also plenty of risk. Debit cards for one. Countless blockchain projects have come out with their ICOs talking about how they will have a debit card which can be spent with different cryptos all around the world, yet all of them have flopped so far.
Risks
Their Telegram channel is for announcements only. It’s going to be hard to grow a community around the token if they can’t talk to each other easily. Also seems kind of shady to not allow possible contributors the ability to ask questions in real time.
-1 The founders of Agate also recently founded an ICO launching business called King ICO. And most of the team is from a company called Engenesis which is a blockchain project incubator. This means there’s a possibility this team is not serious about making Agate, and are more into making millions of dollars doing ICOs.
-1 Laws/Regulations. It’s going to be really hard to get the proper banking licenses required to fully run the Agate platform world wide.
-2Growth Potential
According to the roadmap. Q1 of 2019 is when they will be hoping to get their proper banking licenses.
+1 The community seems to like this project, although some of the enthusiasm can be chalked up to their bounty/airdrop program. A large majority of ICO review websites give this project a 90+, or A ranking. And the Bitcointalk page is filled with enthusiastic supporters.
+2 If this succeeds, the sky will be the limit.
+1 Teams tokens will be locked up for 1 year.
+1 50,000 AGT must be staked in the future to run a POS node.
+2 GitHub is active and there are several beta demos of diff aspects of the platform.
+1.5 Several backers.
+2Disposition
High risk/ high reward. If they build everything they talk about in the whitepaper, and then get the proper banking licenses, this could moon.
+6.5/10
