The next-gen blockchain platform Agate has been developed to focus on multiple use cases; it primarily mobilizes crypto-holdings and spending by offering state-of-the-art crypto-payment solutions. With AGATE iFiat ecosystem at the core of its blockchain, for the first time in blockchain history, a payments platform will provide a stable cryptocurrency that can be used as a default payments medium that knows no global boundaries.
Agate aims for the mass-adoption of cryptocurrencies, providing a gateway for its users to make millions of everyday banking transactions simultaneously on its platform while enabling merchants, retailers, and online stores to adopt crypto payments as a preferred mode of payment.
While the existing micropayment solutions are inefficient in terms of settlement speed or liquidity of tokens, Agate offers incredible transaction speed of over 17 million transactions per day with real-time blockchain settlement of fewer than 3 seconds. With simple payments UI powered by AI and Machine Learning technologies, users on Agate platform can deposit, hold and make payments in over 17 cryptocurrencies, making it easier for them to manage their crypto holdings in a centralized wallet. With the present support of 5 significant cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple, a full release of the platform is expected in Q4 2018. By then Agate commits that the user-friendly wallet app will seamlessly support over 17 cryptocurrencies with a complete CryptoEconomy infrastructure.
In addition to this, Agate’s wallet is powered by an advanced AI Engine and Agate’s Trading Bot that equips users to trade and manage their crypto assets while enabling them to realize the highest possible gain from their holdings.
Let’s understand the various aspects of Agate’s Multi-Cryptocurrency Wallet:
– Multi Cryptocurrency Wallet, a Store of Value:
Allowing users to transact in over 17 cryptocurrencies within a streamlined platform, Agate’s wallet is powered by its own decentralized exchange and users on the wallet app can immediately convert their crypto holdings into iFiats within Agate’s ecosystem. An iFiat is a cryptocurrency pegged against fiat currencies rendering it to be highly stable and has a fixed conversion ratio of 1:1 with the underlying asset at any point in time. An essential aspect of Agate’s blockchain is that while the iFiat tokens in circulation are fully redeemable, users can make payments using their cryptocurrencies or iFiats which lets merchants or users send and receive money instantaneously on a real-time basis. Additionally, users can load their cards or withdraw their holdings to a bank account where the balance is instantly updated after the transaction is entered.
– Agate’s AI Engine:
While wild fluctuations are the very nature of cryptocurrencies, influenced by Andrej Karpathy, Tal Perry, and Christopher Olah’s methodology, Agate’s AI team developed an AI Engine that is integrated with Agate’s multi-cryptocurrency wallet. Agate’s AI Engine uses a machine learning and decision making algorithm to train itself by identifying the trends of a fluctuating market and advising users on the platform about the best time to invest in cryptocurrencies (bull market) or to convert their crypto holdings into iFiats (bear market) for users to receive the highest possible gains.
– Agate Trading Bot:
In markets with extreme fluctuations, experts, traders, and crypto enthusiasts capitalize on such volatility to make a quick profit. Integrated with Agate Trading Bot, Agate’s Wallet allows users to load multiple assets into Agate’s platform that enables them to gain the highest dollar value from cryptocurrency trading. Users are allowed to set various rules for the trading bot to automatically execute trades when the conditions are met. While trading requires a dedicated exchange, Agate’s integrated Decentralized Exchange (DEX) facilitates simple exchanges of any coins to any available wallet in the Agate user app. With access to live feeds, users are excused from the cumbersome process of managing many crypto holdings at multiple dedicated wallets and are allowed to hold them in a centralized place, allowing them to gain the highest value from the integrated technology.
While focusing on micropayments, Agate offers a sophisticated architecture that resolves the core problems of the payments industry. Unlike the traditional CryptoEconomy, Agate with its multi-pronged approach provides more optimal ways for users to spend their crypto assets while enabling merchants with simpler and stable ways to embrace the blockchain technology and accept crypto funds as a preferred mode of payment.
Find out more about the project on their website. You can also read the white paper here.
Media contact:
Name: Hamed Taghvaei
Email: [email protected]
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