Re: 💰 [ANN][ICO][AGT] 💰 AGATE - Paypal for crypto currencies 💰
Some questions:
1) Has Agate got any VC funding or is it 100% crowd funded?
2) Are there any partnerships with non-crypto companies, banks etc. as this is a finance based company?
3) Why go for another blockchain instead of say develop a sidechain on ETH itself. Developing a new blockchain significantly raises the entry barriers and slows down adoption?
4) What's the basis of saying, "Labelled as PAYPAL OF CRYPTOCURRENCY BY +100,000 strong community members". Is the product already launched and used by 100,000 members?
1) Has Agate got any VC funding or is it 100% crowd funded?
2) Are there any partnerships with non-crypto companies, banks etc. as this is a finance based company?
3) Why go for another blockchain instead of say develop a sidechain on ETH itself. Developing a new blockchain significantly raises the entry barriers and slows down adoption?
4) What's the basis of saying, "Labelled as PAYPAL OF CRYPTOCURRENCY BY +100,000 strong community members". Is the product already launched and used by 100,000 members?
1) Has Agate got any VC funding or is it 100% crowd funded?
Yes two crypto fund backed Agate so far,(one is us base)
2) Are there any partnerships with non-crypto companies, banks etc. as this is a finance based company?
Yes , in particular there is a contract with a passive card issuer and another one with a financial institution to settle fiat fund in user's bank account
3- Why go for another blockchain instead of say develop a sidechain on ETH itself. Developing a new blockchain significantly raises the entry barriers and slows down adoption?
initially some of the module has been built on Etherium blockchain where transaction is not instant and it's so costly for micropayements, then built on Waves Platform where due to limited number of coin, transaction cost get expensive as Waves coin increased in value ($16 in Dec 2017) and finally they decided to run their own chain with instant transaction and almost free transaction cost to allign with project goal and to mainstream crypto payments.
4) What's the basis of saying, "Labelled as PAYPAL OF CRYPTOCURRENCY BY +100,000 strong community members". Is the product already launched and used by 100,000 members?
we aim to get 100k user soon , but to answer your question we've most of crypto community after reading our white paper or check the product consider Agate as PayPal for crypto currency there is also an article regarding this
https://youmeandbtc.com/news/the-agate-blockchain-is-like-paypal-for-cryptocurrencies/
I hope I answered your question, but please let me know if you have any other question.
There is no such a thing as 100k community members. It's only the telegram group with 100K members that are 90% face IDs. Please watch for these fake and cash grab projects. I've been burnt before
Of course there is not 100k members and that some are fake, it is like that in crypto, but that just shows that a lot of people was interested and is in the project.News channel has 18k members, are those fake too?
