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Author Topic: 💰 [ANN][ICO][AGT] 💰 AGATE - Paypal for crypto currencies 💰  (Read 521790 times)
Samson_bbl
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September 28, 2018, 07:35:40 AM
 #2881

How much money has been dedicated or allocated to legal department? I think this will be important detail for Agate so be able to do all that is intended.

5% is allocated for legal and compliance, since this is important segment, would this be enough?

I think thats just estimate,and should be enough,but im sure if its needed,team will use extra funds,but no point locking too much funds for that purpose.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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andrewduk
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September 28, 2018, 07:39:29 AM
 #2882

There could be many reasons why people would want to open a dispute. AGT is paypal for crypto currencies, can they dispute the transaction with Agate?
snowcommander
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September 28, 2018, 08:01:18 AM
 #2883

What will be the cost of POS terminal for merchants,will they pay some fixed fee,or it will be monthly?

You will be able to buy mobile/handheld POS for 3900 AGT,while desktop POS will cost 5000 AGT,but price can change,depending on AGT value on the market,and i think that you will be able to buy with AGT and other currencies from your iBucket wallet.

This is very good, having multiple options and handheld POS for smaller retailers and businesses too.Is the price tied to AGT so it will fluctuate? If that is the case it is better to think ahead and buy know while it is early.

It is an interesting concept to have both versions of the POS available. I think the merchants will be happy about this.

Given the needs of merchants, it is good that there are two options available.

It should definitely attract more customers from the merchants perspective.
STUNTMANMAJK
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September 28, 2018, 08:23:40 AM
 #2884

How much money has been dedicated or allocated to legal department? I think this will be important detail for Agate so be able to do all that is intended.

5% is allocated for legal and compliance, since this is important segment, would this be enough?

I think thats just estimate,and should be enough,but im sure if its needed,team will use extra funds,but no point locking too much funds for that purpose.

It important that they can be flexible with this and spend extra founds if needed.
Dr. Van Nostrand
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September 28, 2018, 08:48:29 AM
 #2885

There could be many reasons why people would want to open a dispute. AGT is paypal for crypto currencies, can they dispute the transaction with Agate?

Since all transactions are happening on the blockchain and both sender and reciever can track it,there wont be any dispute mechanism.
PuryLock
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September 28, 2018, 09:02:38 AM
 #2886

There could be many reasons why people would want to open a dispute. AGT is paypal for crypto currencies, can they dispute the transaction with Agate?

Since all transactions are happening on the blockchain and both sender and reciever can track it,there wont be any dispute mechanism.

Is it going to be possible to get refund,for example if we buy some product,and we dont like it,and we want our money back?
cmdr1
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September 28, 2018, 09:50:05 AM
 #2887

There could be many reasons why people would want to open a dispute. AGT is paypal for crypto currencies, can they dispute the transaction with Agate?

Since all transactions are happening on the blockchain and both sender and reciever can track it,there wont be any dispute mechanism.

Is it going to be possible to get refund,for example if we buy some product,and we dont like it,and we want our money back?

So once the transaction is done there is no way to get a refund?
Gwiazdooka
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September 28, 2018, 10:01:24 AM
 #2888

There could be many reasons why people would want to open a dispute. AGT is paypal for crypto currencies, can they dispute the transaction with Agate?

Since all transactions are happening on the blockchain and both sender and reciever can track it,there wont be any dispute mechanism.

Is it going to be possible to get refund,for example if we buy some product,and we dont like it,and we want our money back?

So once the transaction is done there is no way to get a refund?

There will be refund option, but in Agate case it will be very cheap. In the standard transactions both sender and reciever loose decent amount of money, while in Agate case it will be only 0.01 AGT.
loloos
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September 28, 2018, 10:13:08 AM
 #2889

as you can see on the main page we already made an agreement with a well known card issuer , however as per road map , it supporting USD as the main currency and can be spend any millions of store world wide, one important difference in comparison of similar project is it's instant (please read WP)
frazeer
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September 28, 2018, 10:47:55 AM
 #2890

There could be many reasons why people would want to open a dispute. AGT is paypal for crypto currencies, can they dispute the transaction with Agate?

Since all transactions are happening on the blockchain and both sender and reciever can track it,there wont be any dispute mechanism.

Is it going to be possible to get refund,for example if we buy some product,and we dont like it,and we want our money back?

So once the transaction is done there is no way to get a refund?

There will be refund option, but in Agate case it will be very cheap. In the standard transactions both sender and reciever loose decent amount of money, while in Agate case it will be only 0.01 AGT.

Not sure how it works, but if you lose only that small amount it is worth it Cheesy
positiveoutlook
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September 28, 2018, 12:38:16 PM
 #2891

There could be many reasons why people would want to open a dispute. AGT is paypal for crypto currencies, can they dispute the transaction with Agate?

Since all transactions are happening on the blockchain and both sender and reciever can track it,there wont be any dispute mechanism.

Is it going to be possible to get refund,for example if we buy some product,and we dont like it,and we want our money back?

So once the transaction is done there is no way to get a refund?

There will be refund option, but in Agate case it will be very cheap. In the standard transactions both sender and reciever loose decent amount of money, while in Agate case it will be only 0.01 AGT.

Not sure how it works, but if you lose only that small amount it is worth it Cheesy

But maybe that amount of cases will be very small. People tend not to refund often when there is some fee in the process.
DOBARLOSZAO
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September 28, 2018, 02:21:55 PM
 #2892

There could be many reasons why people would want to open a dispute. AGT is paypal for crypto currencies, can they dispute the transaction with Agate?

Since all transactions are happening on the blockchain and both sender and reciever can track it,there wont be any dispute mechanism.

Is it going to be possible to get refund,for example if we buy some product,and we dont like it,and we want our money back?

So once the transaction is done there is no way to get a refund?

There must be refund option, we must be able to cancel some transaction for justified reason.
dimaVODKA
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September 28, 2018, 02:35:54 PM
 #2893

There could be many reasons why people would want to open a dispute. AGT is paypal for crypto currencies, can they dispute the transaction with Agate?

Since all transactions are happening on the blockchain and both sender and reciever can track it,there wont be any dispute mechanism.

Is it going to be possible to get refund,for example if we buy some product,and we dont like it,and we want our money back?

So once the transaction is done there is no way to get a refund?

There must be refund option, we must be able to cancel some transaction for justified reason.

IT was mentioned and explained that there will be refund option,as you may get faulty product etc,so refund option in Agate will be more convenient than in classic way.
Avdogado
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September 28, 2018, 02:38:14 PM
 #2894

There could be many reasons why people would want to open a dispute. AGT is paypal for crypto currencies, can they dispute the transaction with Agate?

Since all transactions are happening on the blockchain and both sender and reciever can track it,there wont be any dispute mechanism.

Is it going to be possible to get refund,for example if we buy some product,and we dont like it,and we want our money back?

So once the transaction is done there is no way to get a refund?

There will be refund option, but in Agate case it will be very cheap. In the standard transactions both sender and reciever loose decent amount of money, while in Agate case it will be only 0.01 AGT.

Any more info how will that refund mechanism actually work?
Mladiornitolog
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September 28, 2018, 02:41:30 PM
 #2895

How much money has been dedicated or allocated to legal department? I think this will be important detail for Agate so be able to do all that is intended.

5% is allocated for legal and compliance, since this is important segment, would this be enough?

I think thats just estimate,and should be enough,but im sure if its needed,team will use extra funds,but no point locking too much funds for that purpose.

It important that they can be flexible with this and spend extra founds if needed.

Team obviously knows how much funds will be needed for possible issue.They are working on bank license for more then 5-6 months already and that is already in motion, so pretty sure that after ICO adjustments will be made if needed.
BobtheUnion
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September 28, 2018, 02:45:27 PM
 #2896

How many transactions per second do you expect Agate to be able to handle?
Charuga
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September 28, 2018, 02:47:03 PM
 #2897

How many transactions per second do you expect Agate to be able to handle?

I guess the same amount of transactions as Etherium can since Agate is on Etherium blockchain.
BoycieBuahaha
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September 28, 2018, 02:48:10 PM
 #2898

How many transactions per second do you expect Agate to be able to handle?

I guess the same amount of transactions as Etherium can since Agate is on Etherium blockchain.

You must be right, but what will happen when ETH switches to POS, will that affect Agate?
aalmina82
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September 28, 2018, 03:20:06 PM
 #2899

There could be many reasons why people would want to open a dispute. AGT is paypal for crypto currencies, can they dispute the transaction with Agate?

Since all transactions are happening on the blockchain and both sender and reciever can track it,there wont be any dispute mechanism.

Is it going to be possible to get refund,for example if we buy some product,and we dont like it,and we want our money back?

So once the transaction is done there is no way to get a refund?

There will be refund option, but in Agate case it will be very cheap. In the standard transactions both sender and reciever loose decent amount of money, while in Agate case it will be only 0.01 AGT.

Not sure how it works, but if you lose only that small amount it is worth it Cheesy

But maybe that amount of cases will be very small. People tend not to refund often when there is some fee in the process.

Refund transaction  cost is  not negligible,as it adds up during lets say 1 year.Somewhere i read that refund rate for online shopping is between 30-40%,there is alot of money lost.So this cheap Agate refund is certainly big advantage.
PuryLock
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September 28, 2018, 03:29:36 PM
 #2900

There could be many reasons why people would want to open a dispute. AGT is paypal for crypto currencies, can they dispute the transaction with Agate?

Since all transactions are happening on the blockchain and both sender and reciever can track it,there wont be any dispute mechanism.

This dispute mechanism is often abused on paypal by scammers,so im glad that option wont be available on Agate.
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