What is Agoras Tokens?
Agoras Tokens (abbrev AGRS) is a decentralized cryptocurrency and application built on top of the intelligent Tau-Chain decentralized network. It was designed to be the coin of the natural and artificial knowledge for the online society. Its efficiency will allow users to craft well priced derivative markets that would enable market hedging, stable prices, and risk-free interest.
Tau-Chain is expected to become a highly reliable platform for developers by providing a reliable computing language with automated proofs. The proofs will make it easy for developers to create anything that falls within the apps category. From creating new search engines to marketplaces, developers will find it very easy to design and deploy.
The value of AGRS in the markets has been relatively good especially starting from mid-2017. From August 2015 to April 2017, the price of the AGRS oscillated between $0.14 and $0.09. However, everything changed in 2017 commencing from November when the value grew steadily and broke through the $1 mark in early December. By December 26th, the price had grown by more than 3700% to hit $3.48. This was the highest mark in its history.
Between December 2017 and March 2018, the price shot down to $1.36 following the announcement that Agoras Tokens was delisting from Bittrex. Indeed, this delisting appears to have dealt a severe blow to the coin as it accelerated further down almost hitting the $1 mark early September.
What is the problem that Agoras Solves?
While the blockchain technology has been around since 2009 and demonstrated that a lot of things could be accomplished through decentralization, numerous challenges have also emerged. This is why most cryptocurrency platforms that were designed after Bitcoin have largely focused on finding these flaws and addressing them. Here are the main problems that Agoras Tokens targets to address.
Centralized computational resources
Today, computation resources are monopolized by a few highly centralized players such as Google, Facebook, Microsoft, and Apple. However, outsourcing computational resources and data storage in such centralized data centers raises the risk of serious losses in the case of attack, arson, or other targeted problems. Besides, the cost of the computational resources is very high and out of reach for many small enterprises.
Poor uptake of cryptocurrencies by the society
Though it is true that many people know about cryptocurrencies today than any other time in history, the uptake and use have been very slow. A lot of people still hold the wrong perception about cryptocurrencies. The governments’ regular warnings that people should be extra careful with cryptocurrencies have only made the situation worse.
Some of the dangers that are associated with cryptocurrencies and that have made people stay away from them include high volatility, the threat of hacking, and poor acceptability of the cryptocurrencies in the conventional markets. Agoras Tokens network aims at addressing these concerns to help users change their minds and make cryptocurrencies part of their lifestyles.
Lack of ample cryptocurrency trading tools
While trading cryptocurrencies such as Agoras Tokens in the exchanges closely the forex markets, the factors that drive each are very different. Many people who are targeting to trade in the cryptocurrency markets often find it very difficult to analyze the market and make the correct moves at the right time for lack of proper tools.
The centralized nature of various exchanges and lack of cross-chain communication between blockchain networks makes gathering related information highly fragmented.
Poorly developed artificial intelligence
While the consensus algorithms have done a lot in ensuring that users in various networks always strike a balance when issues that need voting come up have achieved so much, the level of inefficiency is still very high.
For example, proof of stake (PoS) largely factors those who have a bigger stake in a network while proof of work (PoW) consensus networks are largely controlled by those who can generate high hashing power. What about those with smaller stakes? Does the opinion of others interested in the topic count?
How does Agoras Solve the problem?
To address the outlined problems, Agoras Tokens targets to use the following strategies. Though they indeed look very comprehensive, the community is worried that the development team is over-ambitious.
Decentralization of data management
To reduce the dependence on centralized parties for computing resources, the Agoras Tokens development team adopted a decentralized approach to reducing the risk of one point of failure. In their website, Agoras Tokens development team points that even a combination of unused processing power from individual computers and smartphones surpasses that generated by top giants with a great margin. The design for renting unused computational power is built on the Zennet project to allow nodes contribute their unused computing power for a reward.
The internet of languages
The development team points out that the computing industry does not have a single best language for all blockchain and online based applications. Therefore, it has started working on the Tau Meta Language (TML) that is expected to become the best for all. TML is intended to facilitate seamless communication as well as semantic translation between knowledge representation languages, programming languages, visualization, and domain-specific languages.
Scaling discussions with artificial intelligence
Discussions are very crucial in any niche because they help users exchange thoughts and opinions that help to generate fresh ideas. Today, discussions on a large scale especially in blockchain networks are highly inefficient. Even in social media, a discussion of 1000 people can be stressful. Tau development team poses one major question; what if it was possible to listen to all people in a discussion and understand what they are saying?
To make such an approach realistic, the team has opted to use the artificial intelligence. The platform is creating new features that will make it possible for a lot of people to hold discussions to get more knowledge from them. In theory, if the network can effectively capture what 1000 people discussed, it means more knowledge productivity. The community is waiting to see how the idea will be implemented.
Advanced financial tools
The Agoras economy is designed to house many players such as the knowledge owners, miners, exchanges, and hardware renters among others with varying needs. The financial tools will be provided for all the parties to gauge the parameters of interest and optimize return on investment (ROI). It will be especially crucial for traders in the crypto markets to understand the trends and trade profitably.
Business automation
The Tau platform team indicates that it wants to provide the wealth of knowledge gathered using artificial intelligence to help users automate their operations. This is targeted at pinpointing the actual point to aim and get the optimal sales for your enterprise for a competitive edge.
What makes Agoras better than it’s competitors?
For more than ten years since Satoshi Nakamoto introduced Bitcoin, the race to release new cryptocurrencies has intensified with no sign of abating. For people planning to join the cryptocurrency networks, picking the right network is never easy. Agoras Tokens network is one cryptocurrency that has stood out because of its commitment to unique features. Here are the main things that make Agoras Tokens a better than its competitor.
- The platform has been on the market for more than three years. This implies that most users consider it stable and not a risk to their funds. Many cryptocurrencies entering the market cannot be easily trusted because of associated risks. For example, the original developers of Burst coin disappeared and left the platform without an appropriate leadership. However, the development team at Agoras Tokens appears highly committed to helping grow the network.
- The Agora Tokens development team has a very clear development roadmap. Though the community has raised concerns that the project could be over-ambitious, the team is pushing on and targeting key milestones such as Knowledge networks, the Alpha version and beta version expected in the 2nd quarter, 3rd quarter, and 4th quarters of 2019 respectively. The roadmap extends all the way to 2020 when a fully knowledge economy that allows knowledge-cash transactions will be ready.
- The Agoras Tokens and Tau network are projected at a high potential niche. As trading, marketing, learning, medicine, and law among other components go digital, the demand for high-value knowledge is likely to keep growing exponentially. This demand is expected to spur the growth of Agora Tokens’ value in the long run.
- The Agora Tokens provides users with highly diverse products. This is crucial in delivering greater value to the nodes. For example, you will be able to buy computational power in the network, send value, and access knowledge base to help take your business to the next level once all the features are installed.
How can Agoras be categorized?
Agoras Tokens is a highly ambitious project that targets to redefine the blockchain and entire computing industry. The project outlines the roadmap of taking away the computing power from the centralized multinationals and decentralizing it to the nodes in their networks. It also targets to make the development of Tau Meta Language and knowledge base possible between 2018 and 2020.
What’s Agoras’s vision on Security?
When Tau network and Agoras Tokens development team started working on the platform, the most important consideration was security. The primary vision for security is to provide the most secure network for decentralized computational power trading and knowledgebase economy. This vision will be achieved through progressive platform analysis and update, use of smart contracts, and advanced cryptography.
Examples of Agoras’s use cases / applications
Many people coming to cryptocurrencies often ask; where can cryptocurrencies such as Agoras Tokens be used? Though digital coins are still considered to be at infancy compared to fiat currencies that have been in the market for decades, some of them have made huge inroads into the community with a lot of applications. Here are some of the use cases of Agoras Tokens.
- The Agoras Tokens are digital assets that can be traded in the exchanges. Like other coins such as Bitcoins or Ethereum, Agoras Tokens can be traded in the markets to optimize return on investment (ROI). To trade in the exchanges, the first step is identifying an exchange that lists Agoras Tokens and registering for a trading account. Then, pair the tokens with an appropriate coin and start trading by either selling or buying depending on the market movements.
- Use Agoras Tokens to invest or save your money anonymously. If you save funds in a bank account, a whole array of people and authorities can easily know about the details. Indeed, your savings can easily be frozen by court order if a legal battle hauls itself your way. However, Agoras tokens and your transaction details are encrypted to ensure that no one can easily pull out the account details. This implies that you can save funds and rest knowing that no one can access or freeze them except you.
- The perfect point for outsourcing developers. If you are looking for a developer, Agoras platform allows you to seek the best experts in your niche. Note that the operation is based on smart contracts that define the terms and conditions. When your application is completed and verified, the payment is automatically released to the developer. This implies that there is no room for the client to run away without paying the developer.
- The ultimate way to send funds across the globe faster and cheaply. If you want to send value from one part of the globe to another, using the bank comes with so many hurdles. In addition to lack of privacy, the process takes long, and the cost is very high because financial organizations are profit driven. However, Agoras Tokens provides users with a peer2peer platform that helps to send funds instantly anywhere across the globe. By eliminating the centralized organizations, the cost of sending transactions also comes down significantly.
- Use the Agora Tokens to pay taxes in jurisdictions that allow cryptocurrencies. While many countries were initially very skeptical about the use of cryptocurrencies, things have changed so much over the years. Even though they still have their demerits, cryptocurrencies such as Agoras Tokens have proven very effective in pulling the cost of sending funds low and addressing the problem of big data. Therefore, some countries and jurisdictions such as Singapore and the State of Arizona in the US are now allowing users to pay taxes using cryptocurrencies such as Agora Tokens.
https://coincheckup.com/coins/Agoras-Tokens
https://www.reddit.com/r/tauchain/comments/7pngv6/tauagoras_faq_updated_jan_2018/