Agoras Token

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Discover Agoras Token's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Agoras Token?

Agoras Token (AGRS) is the dynamic digital currency at the core of Tau Net, a revolutionary blockchain platform that merges artificial intelligence (AI) and collective intelligence. It facilitates collaboration, innovation, and the exchange of ideas, enabling users to access and pay for products and services such as knowledge, computer resources, and financial instruments within the Tau ecosystem. Agoras is a utility token that plays a pivotal role in shaping decentralized AI and collective intelligence, with its tokenomics and utility evolving based on user input and collective agreements.

How is Agoras Token used?

The Agoras Token (AGRS) is a utility token that powers the Tau ecosystem, a decentralized blockchain network focused on artificial intelligence and collective intelligence. AGRS is used to facilitate various activities within the Tau network, including:

  1. Accessing Products and Services: AGRS can be used to pay for products and services offered by Tau, such as knowledge, computational resources, and financial instruments.

  2. Knowledge Sharing and Monetization: Users can buy and sell knowledge on the Tau network, with AGRS serving as the medium of exchange. This allows individuals to monetize their knowledge and expertise.

  3. Decentralized Infrastructure: AGRS enables users to purchase and sell decentralized storage and computational power, similar to other decentralized infrastructure plays.

  1. Smart Contracts and DAOs: AGRS is used in the creation and execution of smart contracts and Decentralized Autonomous Organizations (DAOs) on the Tau network, which are designed to be more accessible and transparent than traditional code-based systems.

  2. User-Controlled Tokenomics: The Agoras token allows the community to collectively shape the economic model of the token, enabling adaptability and innovation within the ecosystem.

Overall, AGRS plays a central role in facilitating collaboration, innovation, and the exchange of ideas within the Tau network, which aims to create a decentralized artificial general intelligence (AGI) system.

How do I store Agoras Token?

To store Agoras Token (AGRS) tokens, you can use wallets that support Omni Layer protocols. Some options include:

  • Hardware Wallets: These are the most secure option for storing your AGRS tokens.
  • Official Coin Wallet: This is a reliable choice for storing and managing your AGRS tokens.
  • Third-Party Software Wallets: These wallets provide additional flexibility and convenience for managing your AGRS tokens.

For example, you can use the Agoras: Currency of Tau wallet from MyEtherWallet (MEW) and Enkrypt, which offers a user-friendly interface for managing and interacting with the Agoras network.

How to buy Agoras Token?

To buy Agoras Token (AGRS) tokens, you can follow these steps:

  1. Choose an Exchange: Select a reliable decentralized exchange (DEX) or centralized exchange (CEX) that supports AGRS trading. Some popular options include Gate.io, Uniswap V3, Uniswap-V2, and ProBit Global.

  2. Create a Wallet: Download and install a Web3 crypto wallet (e.g., Metamask) or an App wallet (e.g., Trust Wallet) supported by the chosen exchange.

  3. Fund Your Wallet: Transfer the necessary cryptocurrency (e.g., ETH, BNB) to your wallet. This can be done by purchasing the cryptocurrency with fiat and then transferring it to your wallet.

  1. Connect to the Exchange: Connect your wallet to the chosen DEX or CEX. This typically involves clicking "Connect Wallet" on the exchange's website and following the instructions.

  2. Find the AGRS Trading Pair: On the exchange, find the trading pair for AGRS (e.g., AGRS/ETH, AGRS/USDT). If it's not listed, you can input the contract address to add it.

  3. Set Up the Trade: Enter the amount you want to trade and confirm the details. You will be prompted to confirm the action through your wallet.

  1. Monitor Your Transaction: Once the trade is complete, you can view the transaction details on a block explorer.

For more detailed instructions, you can refer to specific guides for each exchange, such as Gate.io.

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History of Agoras Token

The Agoras Token (AGRS) is a cryptocurrency that plays a central role in the Tau Net ecosystem. It was first introduced on February 25, 2019, and has since become a key component of the Tau product suite, which includes Tau, Tau Net, and Tau Live.

AGRS is designed to facilitate the exchange of knowledge, computer resources, and financial instruments within the Tau Net platform. Users can trade AGRS for various assets and services, and the token's utility and liquidity are expected to grow as the platform evolves.

One of the unique features of AGRS is its user-controlled tokenomics. The community of AGRS holders collectively decides on the token's behavior, including fees, minting and burning, voting mechanisms, and rewards. This decentralized approach allows the token to adapt to the needs of its users and ensures that it remains dynamic and responsive to the community's preferences.

AGRS has a maximum supply of 42 million tokens, with a circulating supply of around 18 million. The token's market capitalization has fluctuated over time, reaching an all-time high of $202.60 million and currently standing at around $35 million.

The Agoras Token is currently an ERC-20 placeholder token, which will be swapped for the future Agoras coin once the Tau Net mainnet is developed. Despite its fluctuations, AGRS remains an important part of the Tau Net ecosystem, enabling users to collaborate, innovate, and exchange ideas and resources in a decentralized and transparent manner.

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How Agoras Token works

The Agoras Token (AGRS) is the native cryptocurrency of the Tau ecosystem, which combines blockchain technology and artificial intelligence (AI). AGRS is designed to facilitate collaboration, innovation, and the exchange of ideas within the Tau Net platform. Here's how it works:

User-Controlled Tokenomics

AGRS token holders have the power to collectively decide on various aspects of the token's behavior, such as fees, token minting and burning, voting mechanisms, and rewards. This decentralized governance ensures that the token's economic model is shaped by the community itself, allowing for adaptability and innovation within the ecosystem.

Utility and Trading

AGRS can be used to access and pay for various products and services offered by Tau, including knowledge, computer resources, and financial instruments. Users can buy and sell computer resources like CPU, GPU, and hard drive space, effectively creating a supercomputer that can outperform traditional tech servers. Additionally, AGRS can be traded for other digital assets and used in Tau Net's derivatives market, which includes financial instruments like futures and options.

Knowledge Sharing and AI Integration

AGRS enables users to monetize their knowledge by sharing it on the Tau Net platform. The AI technology integrates user-contributed knowledge into a vast knowledgebase, which can be queried and logically reasoned over. This allows users to find solutions to complex problems by combining knowledge from different individuals. For instance, if someone is looking for steps to achieve a specific goal, the AI can combine knowledge from multiple users to provide the solution, and the contributors are rewarded in AGRS tokens.

Decentralized AI and Collective Intelligence

Tau Net aims to create a decentralized artificial general intelligence (AGI) by harnessing the collective knowledge of its users. The platform's AI technology transforms user-defined agreements into functional software using executable formal specifications, ensuring seamless updates and continuous evolution. This approach promotes rapid, bug-free development and eliminates bottlenecks, making Tau Net a leader in blockchain and AI development.

Token Structure and Future Development

The current AGRS token is an ERC-20 placeholder token, which will be swapped for the future Agoras coin once the Tau Net mainnet is developed. This transition will further enhance the token's utility and liquidity within the Tau ecosystem.

In summary, the Agoras Token (AGRS) is a dynamic digital currency that powers the Tau ecosystem, enabling users to collaborate, innovate, and exchange ideas while shaping the token's economic model collectively. Its utility extends to trading computer resources, knowledge sharing, and financial instruments, making it a key component in the development of decentralized AI and collective intelligence.

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Agoras Token's strengths

The Agoras Token (AGRS) has several strengths that make it a unique and promising cryptocurrency:

  1. Utility Token: Agoras is a utility token that powers the Tau ecosystem, allowing users to access and pay for various products and services such as knowledge, computer resources, and financial instruments.

  2. Decentralized AI and Collective Intelligence: Agoras is part of the Tau Net platform, which aims to create decentralized artificial general intelligence (AGI) by harnessing collective knowledge and intelligence from its users. This collaborative approach accelerates the development of AI and fosters innovation.

  3. Software as Sentences: Tau Net's Software as Sentences technology enables users to express software requirements in logical sentences, ensuring accurate and bug-free software development. This approach democratizes blockchain technology and promotes transparency.

  1. User-Controlled Tokenomics: Agoras token holders have the ability to collectively define the token's behavior, facilitating adaptability and innovation within the ecosystem. This user-controlled tokenomics allows for continuous evolution and improvement.

  2. Knowledge Sharing and Monetization: Users can monetize their knowledge by sharing it on the Tau Net platform, which integrates user-contributed knowledge into a comprehensive knowledgebase. This knowledgebase can be queried and logically reasoned over, driving innovative solutions to complex problems.

  3. Decentralized Infrastructure: Agoras enables the creation of a decentralized supercomputer by allowing users to buy and sell computer resources such as CPU, GPU, and hard drive space. This collective infrastructure surpasses the power of traditional tech servers.

  1. Financial Instruments and Risk-Free Interest: The Tau Net derivatives market features financial instruments like futures and options, and offers a unique ability to provide risk-free interest without inflation in the Agoras token supply.

These strengths position Agoras as a pioneering cryptocurrency in the fields of decentralized AI, collective intelligence, and blockchain development.

Agoras Token's risks

The Agoras token (AGRS) carries significant financial risks. According to risk analysis, AGRS is currently considered a high-risk investment. This assessment is based on factors such as the amount of money required to shift its price over a 24-hour period, recent changes in volume, and market capitalization. The risk gauge, which ranges from 0 to 100, indicates that AGRS has a lower score, implying higher risk.

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Did Agoras Token raise funds?

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Agoras Token’s team

  • Ohad Asor: Founder, logician, mathematician, programmer, and computer scientist. He attended university at the age of 13 and has about 30 years of experience in programming and mathematics.
  • Fola Adejumo: Known as "The Startup Superstar and Revenue Rockstar" and is involved in the development of Tau and Agoras.
  • Prof. Paweł Parys: Scientific Advisor, a scientist from Poland with a Ph.D. in computer science from the University of Warsaw, focusing on automata theory and connections between logics and automata.
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