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

[Pental]

What currencies would be supported on the platform?

Agate’s user app, user can deposit five crypto assents including BTC, ETH, LTC, BCH and Ripple. Up to 17 cryptocurrencies are in the development phase and are expected to be released in Q42018. Users are able to immediately and with the best global exchange rate convert any of their crypto assents to and IFiats (Ie. iUSD, iEUR etc).

Do you have application out yet?

Yes most of applications are ready you can check our Github rep and also download our User and Merchant apps (two seprate app) from google play or visit our website on the product section click on each item image to download it.

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[inv3stor]

An interesting new project, I see. I like the main concept behind it but I will have to read up on the whitepaper to see more details.

in case of any questions do not hesitate to ask

[inv3stor]

How much you expect to raise during the sale?

Pre-sales highest discount is %25 and no discount in Public sale below is the detail

PRE-SALES STAGE 1 21 AUG 2018 - 31 AUG 2018 25% DISCOUNT
PRE-SALES STAGE 2 1 SEP 2018 - 11 SEP 2018 20% DISCOUNT
PRE-SALES STAGE 3 12 SEP 2018 - 22 SEP 2018 15% DISCOUNT
PRE-SALES STAGE 4 23 SEP 2018 - 3 OCT 2018 10% DISCOUNT
PRE-SALES STAGE 5 4 OCT 2018 - 14 OCT 2018 5% DISCOUNT
PUBLIC SALES 15 OCT 2018 - 15 NOV 2018 NO DISCOUNT

[inv3stor]

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

There is a Agate Debit card and you can connect your bank account to the platform to receive fund not to purchase crypto, however the next level is when Agate get the financial licence we can simply ad buy-in option where users also can directly buy crypto.(that would send the AGATE coin price to the moon  )

[DOBARLOSZAO]

Where can I find a video about the project?

Since unlike other project we couldn't put all futures of Agate project in a 1-5min video we made a descriptive video which is under edit now and would be available in few days, you can access it either on website www.agatechain.org or youtube channel https://www.youtube.com/channel/UCeVi3Vc-Ocxxq0YWJ3pQYwA

I see everything is ready  thank you for sharing!

[Bacara]

Do we need to go through KYC?

Who need to pass the KYC?

If you want to to invest equal or more than $7500 USD (~$10,000 AUD) worth of any coin.

Do I need to pass KYC to participate in Airdrop or Bounty?

NO.

Awesome, this is really good that we don't have to bother with KYC from smaller investments and bounty

I tired participating in some tasks for Airdrop tokens and some of the options don't work properly yet.Like facebook ones, can you check if it is only me?

I agree, in this way will surely attract a large number of investors.

[GREATKINGRAT]

How much you plan to raise, what's soft cap and hard cap?

Soft Cap/Hard Cap: 2,000,000 USD/24,206,000 USD

Ok thank you,reasonable numbers.What will happen in case you dont sell all tokens,what you plan to do with them?

As per what we mentioned in whitepaper and website in oder to show our goodwill to Agate’s token holders all unsold token will burn by Smart-contract.

Great, that's the best way to protect the value of sold tokens

And most honest regarding the investors.

[majestymage]

i would like to participate in the bounty campaign for the romanian translation but i do not see any spreadsheet on the already allocated work. i thought i should ask here since i saw the dev online 

[Kvazimir]

When can we expect tokens listed on the exchange?And are you going for the major ones?

As per our legal team advise we can’t mention about listing in exchange what we can tell we always do our best for our users and Agate token holders

But you do plan to get on the exchanges after end of sale and token distribution,right?

Legally we can’t officially commit on sending Agate to any exchange before end of ICO, while you can assume like any other successful project what would be happen after ICO.

Why is that?

I guess that's what's written in WP, and something like that is understandable.

[descuri]

Interesting project - in which phase is it now? pre-ICO or ICO?

[Ranunculus2]

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

[UncleT]

i would like to participate in the bounty campaign for the romanian translation but i do not see any spreadsheet on the already allocated work. i thought i should ask here since i saw the dev online 

Try the telegram channel as well, I hear it's really popular with projects.

[Jeremija]

What will be transaction fees, when all this conversions kick in? Fee will be in AGT right?

Transaction fee is always 0.01 AGT which currently is almost free ( $0.00076), in fact one the most interesting things in Agate project is very cheap transaction fee which let anyone to pay for items as cheap as $0.5 and still make sense. also as we mentioned in WP by increasing value of Agate up to 10X or even (hopefully) 100X more than today price still is very very cheap (i.e: if Agate price increase by 10X and become $0.76 then the transaction cost would be $0.0076 and if it increase by 100X the transaction cost would be $0.076 which still is nothing) hope I answer your question

So the fee is fixed independently of which value the token will achieve. Great

[james7854]

How much you expect to raise during the sale?

Pre-sales highest discount is %25 and no discount in Public sale below is the detail

PRE-SALES STAGE 1 21 AUG 2018 - 31 AUG 2018 25% DISCOUNT
PRE-SALES STAGE 2 1 SEP 2018 - 11 SEP 2018 20% DISCOUNT
PRE-SALES STAGE 3 12 SEP 2018 - 22 SEP 2018 15% DISCOUNT
PRE-SALES STAGE 4 23 SEP 2018 - 3 OCT 2018 10% DISCOUNT
PRE-SALES STAGE 5 4 OCT 2018 - 14 OCT 2018 5% DISCOUNT
PUBLIC SALES 15 OCT 2018 - 15 NOV 2018 NO DISCOUNT

This is a very useful info, thx very much!

[killer9966]

Interesting project - in which phase is it now? pre-ICO or ICO?

I think its ICO....

[HiLander]

What will be the main AGATE  source of revenue?

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!

Thank you for detailed answer,seems like you covered everything

Great to see that everything is so detailed and well thought off.Shows how good team and this project is, optimistic about the future of the project.

[djuro74556]

What will be the main AGATE  source of revenue?

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!

Thank you for detailed answer,seems like you covered everything

Great to see that everything is so detailed and well thought off.Shows how good team and this project is, optimistic about the future of the project.

Always nice to see the team so dedicated to their project.

[buraz]

i would like to participate in the bounty campaign for the romanian translation but i do not see any spreadsheet on the already allocated work. i thought i should ask here since i saw the dev online 

Doesn't hurt to try 

[aravanahaeva]

promising project. in your road map, I saw that you are planning to obtain a bank license. Tell me, in which country?

[TimeTeller]

promising project. in your road map, I saw that you are planning to obtain a bank license. Tell me, in which country?

I think they will get that in Australia as the project is based in that country.
Or they will use a country which has loose regulations in cryptocurrencies?
Waiting for the answer also from the team.
Aiming to be the PayPal of crypto should at least have that license.
Otherwise, this is just another project that wanted money from the community.