AgoraBank Ushers In The Future Of Banking

15 November 2022, 23:37 GMT+0000
Updated by Petar Jovanovic
16 November 2022, 19:30 GMT+0000

The traditional finance industry has long been under the control of centralized corporations like banks, insurance companies, stock brokers, etc., which operate as exclusive, profit-focused middlemen that people cannot access financial services. 

This overly centralized system has led some of these institutions to operate with impunity, which has even resulted in some financial crises. Over the past few months, the entire crypto industry has been shaken by numerous financial crises – notably following multiple failures and closures of centralized exchange platforms. 

However, blockchain technology has ushered in an era of hope through decentralized, people-focused crypto banking, and AgoraBank has leveraged this technology to introduce the bank of the future (bank 3.0).

With decentralized banking, customers do not need their transactions approved by a central authority before they are validated, while centralized exchange platforms hold their customers’ funds and therefore have control over all their transactions. Through its leading decentralized system, AgoraBank aims to restore user confidence in the crypto industry. 

AgoraBank is a decentralized banking platform built with blockchain technology. This means that the platform is owned and governed by the people who use it. 

This solves the earlier discussed problem of over-centralization in financial institutions. AgoraBank also combines already established banking services and more recent crypto services to offer its users a range of financial services. 

The founding principles of AgoraBank are decentralization and user ownership. Hence, AgoraBank users are able to take part in platform expansion, decision-making, and profit sharing.

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AgoraBank combines traditional banking and decentralization in a single application. The platform enables users to integrate cryptocurrency with their regular finance and purchase, loan, borrow, trade, exchange, or build careers with financial assets without the need for any middleman. The future of banking is here.

The decentralized bank for everyone

AgoraBank is a crypto bank that offers users the benefits of traditional banking and decentralization from the comfort of their homes. Traditional banks offer several financial services, but they are often limited by location and centralized governance. 

Also, their position as middlemen prevents customers from having direct access to financial services. This results in unequal access to financial services and has created an unbanked global population of over 1.4 billion people who have no access to the traditional financial industry.

Watch the AgoraBank trailer here:

AgoraBank addresses this problem by effectively eliminating the middleman, which will allow customers to access banking services at any time, from anywhere in the world, regardless of who they are. ​​This creates an immense opportunity for everyone not only to access financial services but also to have an equal chance of benefiting from them.

Traditional banking and cryptocurrency services in one application

AgoraBank was built by a diverse team of qualified professionals who combined their extensive individual experiences in traditional finance and cryptocurrency to create an inclusive, decentralized banking platform. It offers users the best of both worlds. By registering with AgoraBank, users can enjoy the following services:

AGO Token

The AgoraBank native token (AGO) enables users to access several features, like an exchange, governance, etc., on the platform. It runs on the BNB Chain and the Ethereum network and has smart tokenomics that balances supply and demand. 

Anyone can buy AGO tokens from the initial coin offering (ICO)  to become an AgoraBank stakeholder. 

AgoraBank Debit Card

AgoraBank offers users a free debit card to enable them to transact in a way that they may already be familiar with. This provides a diverse means for users to transact and makes it easier for average people to begin using the platform. They also get exclusive benefits such as cashback on transactions from the AgoraBank Debit Card.

AgoraBank Trading Tool 3.0

AgoraBank Trading Tool 3.0 is an easily accessible and easy-to-use decentralized trading system that enables both beginners and professionals to trade profitably. Users can just connect their wallet with no KYC verification and gain all-day access to more than 50 crypto trading pairs.

Decentralized Exchange (DEX) Services

AgoraBank DEX supports numerous crypto coins and allows the buying, selling, and swapping of these coins at a low cost. Users can invest in, buy, and sell crypto assets (by card or transfer) to make a profit or maintain their crypto holdings based on their preferred investment strategy. 

Wallet Interoperability

AgoraBank allows users to create or access crypto wallets that carry out on-chain and cross-chain transactions. This maximizes the reach of financial services available on the platform.

Decentralized Autonomous Organisations

Traditional banks have centralized management, which reduces transparency by creating an intermediary between users and financial assets/services. 

Users of Agorabank are part-owners of the platform, and they can form Decentralized Autonomous Organizations (DAOs) to vote on policies that will guide the operation of the bank.

Unique benefits of AgoraBank 

AgoraBank also offers unique benefits in addition to the services already described. Some of them are highlighted as follows: 

  • Users can become Agora Citizens and enjoy citizen rights like Agora NFT, Airdrops, Early Access, and VIP status, etc.
  • Users can participate in Agora Adventures to gain XP (experience points), which can be converted to cryptocurrency.
  • Invite people to invest in AgoraBank and earn a referral bonus of up to 45% commission from their decentralized exchange transactions and up to 9% on their ICO investment.

Click here to become an AgoraBank citizen.

Disclaimer

Any third-party hyperlinks and banners don’t constitute an endorsement, guarantee, endorsement, warranty, or recommendation by BeinCrypto. Cryptocurrencies are highly volatile. Do Your Own Research before using any third-party services or considering any financial action.