💰 [ANN][ICO][AGT] 💰 AGATE - Paypal for crypto currencies 💰

[descuri]

What will be your main source of income,as running AGATE will surely cost money

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!

Whoa this really is a quite extensive response! Thanks for taking the time to clear it up!

[AndreaTheGiant]

What will be your main source of income,as running AGATE will surely cost money

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!

Whoa this really is a quite extensive response! Thanks for taking the time to clear it up!

 have seen onepagers that are shorter than this

[Dr. Van Nostrand]

Do we need to go through KYC?

[frazeer]

This proejct has its own advantage and benefits that really cater the needs of its potential market  - AGATE works as a comprehensive (all inclusive) crypto infrastructure for everyday banking merchants transaction, boost the highest transaction speed and low cost transaction fees is their advantage.  A gateway to connect millions of developers, users, and in-store and online mechants to the cryptocurrency.  Expecting more marketing activities to social media sites to reach the potential investors and end users.

a very nice summary - you should make a review of the project, to support them, maybe even gain some bounty.

[EDVED]

why did you put "Paypal for crypto currencies" in the title? What kind of similarities to paypal do you have?

PayPal for crypto currencies is the title which community consider for Agate, while if you check this project you'll see it has far more capability and potential than what PayPal providing in fiat economy at the moment, but to make it easier to understand for general public as Agate would facilitate the crypto payment in a very cheap and fast way and more importantly without volatility for merchants and can be integrate with almost all e-commerce platforms and online websites they people call it paypal for crypto.

You took the name just to make it easier to understand the purpose of this platform. This is a good marketing move

But its also important to explain to people thats its not exactly PayPal and what are the differences,and team is doing good job so far regarding that,one of the most active bitcointalk teams i saw lately,kudos for that.

Teams often ignore bitcointalk in favor of Telegram,and i think thats big  mistake,there are plenty of people who still prefer this type of communication.

I understand why teams prefer Telegram, so many people are there and humor and it seems more accessible, but I agree, bitcointalk shouldn't be ignored.

We are welcoming Agate community on all social media platform include BitconTalk where most of members are  crypto expert, out of 421 post only on project ANN page over 130 comment has been posted by team but we try our best to be even more responsive.

The community definitely appreciates the teams efforts. It's just that here the discussions can be really fruitfull so maybe someone from the team can stop by here and there and post some news or answers.

Thanks for comment , TBH Forum in general is not the best place to announcing news as it will get lost in thousands of comments and discussions,  hence either blog or Telegram News Channel can be much better place for people who specifically are looking for updates and news, BTW few very very very exciting news will be publish next week (just waiting for legal confirmation) ,so please make sure you follow Agate news channel in telegram.


Telegram Channel :   https://t.me/AgateChain

Well forum may not be the best solution for publishing news but a lot of people are simply accustomed to forums ... anyway thank you for your efforts and answers here.

And Telegram is even worse! Sure, this forum might not be the best place, other social media places like FB and Reddit would be better but it's all cool.

Viewed from today's perspective, all of these social networks simply have to be represented, the second one is more appropriate ...and what somebody prefer more or less is the other thing

[Jeremija]

Will people be able to dispute transactions,like on PayPal?

Be careful what you wish for, that is a pure cancer.It would turn this into a mess and bring so much restrictions...

I agree, they do not need such ''features''.

[Gash]

Will people be able to dispute transactions,like on PayPal?

Be careful what you wish for, that is a pure cancer.It would turn this into a mess and bring so much restrictions...

I agree, they do not need such ''features''.

I like the scenario in which u send funds to a recipient then get nothing back not even a kiss, and afterwards get into an argument with recipient dude, dispute the transfer and charge the payee 2x the sum involved in a transaction concerned. Not only u get ur monies back but even make monies off recepient's dishonesty. This should be incorporated into future prospectus for this coin whoever is responsible for it.

[DOBARLOSZAO]

What will be your main source of income,as running AGATE will surely cost money

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!

Whoa this really is a quite extensive response! Thanks for taking the time to clear it up!

 have seen onepagers that are shorter than this

Ha ha, true 
Thank you for your detailed answer!

[ArceriBau]

Do you have some kind of video about the project?

You can go and check the Agate chain channel by clicking on here YouTube

But the list is still empty... or I missed something

[chungaLunga]

Do we need to go through KYC?

Why do everyone want KYC?

[babyBaba]

Will people be able to dispute transactions,like on PayPal?

Be careful what you wish for, that is a pure cancer.It would turn this into a mess and bring so much restrictions...

I agree, they do not need such ''features''.

I like the scenario in which u send funds to a recipient then get nothing back not even a kiss, and afterwards get into an argument with recipient dude, dispute the transfer and charge the payee 2x the sum involved in a transaction concerned. Not only u get ur monies back but even make monies off recepient's dishonesty. This should be incorporated into future prospectus for this coin whoever is responsible for it.

That's an interesting way of looking at it.

[djimiHendrix]

I see that you already raised $1 million ,was that from private sale round?

No it was from a crucial investor.

[masterCookie]

I see that you already raised $1 million ,was that from private sale round?

No it was from a crucial investor.

I guess someone really believes in the project

[positiveoutlook]

I see that you already raised $1 million ,was that from private sale round?

No it was from a crucial investor.

I guess someone really believes in the project

All that from just one investor? If you get a couple more the the hard cap will not be a problem.

[unchained5498]

Seems very interesting, I will keep an eye on this project!

This will go big believe me!

I sure hope so, because the whitepapper is great!

[UncleT]

Seems very interesting, I will keep an eye on this project!

This will go big believe me!

I sure hope so, because the whitepapper is great!

I love the idea. I know it's not really a crypto paypal, but anything in that region works for me.

[inv3stor]

I see that you already raised $1 million ,was that from private sale round?

That was from initial investors, private sale is running now, everyone can invest minimum $50,000 USD

[Blackladder]

I see that you already raised $1 million ,was that from private sale round?

That was from initial investors, private sale is running now, everyone can invest minimum $50,000 USD

What is the bonus in private sale?

[DtpNumbered]

Can US citizens participate or we are not allowed?

[HiLander]

Will the tokens sold in private sale be locked?If yes, how long will be that period?