AgoraBank: The Future of Banking Starts Today
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As Decentralized Finance (DeFi) continues to gain momentum, it has become ever more challenging for the traditional financial sector to ignore its immense potential. Considered a beacon of hope for the world’s growing unbanked population, the opportunities offered by this emerging financial technology have left many industry experts questioning – Is DeFi the future of banking?
AgoraBank, a decentralized banking platform (banking 3.0) leveraging blockchain technology, integrates DeFi and traditional banking features to offer a user-friendly platform with extensive banking services.
The platform was built by a team of professionals with years of experience across various fields including blockchain, banking, finance, insurance, investment funds, trading, programming, tax, and asset management, to make decentralized banking and blockchain accessible to all.
Decentralization is the key principle behind the creation of the banking platform, with AgoraBank users being part owners of the platform. This allows users to participate in decision-making, platform expansion and profit sharing.
The Crypto Bank Accessible to All
Centralized finance (CeFi) institutions – like traditional banks – often operate with impunity and obscurity, which prompted the introduction of cryptocurrencies after some financial crises. The aim was to promote democracy and transparency in financial operations.
Watch the AgoraBank trailer here
Banking 3.0 offers customers financial services without the need for an intermediary – effectively cutting out the middleman. AgoraBank wants to revolutionize the banking sector by allowing customers to access banking services at any time, from anywhere in the world, regardless of who they are. This creates an immense opportunity for the unbanked, a global population of more than 1.4 billion people who, for bureaucratic reasons, cannot access the traditional financial sector.
Enjoy Centralized and Decentralized Finance Benefits
DeFi is an emerging concept where established financial institutions leverage blockchain technology to create decentralized applications that offer crypto users traditional banking services. AgoraBank was inspired by the need to eliminate the individual limitations of these concepts and combines them to offer the following services:
Decentralized Exchange (DEX) Services
Numerous cryptocurrencies are available via the AgoraBank DEX, which offers low transaction fees to buy, sell and swap a wide variety of tokens. This enables users to obtain DEX services similar to the stock exchange in traditional financial markets. Users can invest in, buy and sell crypto assets (by card or transfer) to make a profit or maintain their crypto holding based on their preferred investment strategy.
Decentralized Trading Tool
Whether a professional trader or someone new to trading, users can enjoy the benefits of decentralized trading (spot and futures) thanks to the AgoraBank Trading Tool 3.0. By connecting their crypto wallet (with no KYC required), users have access to more than 50 crypto trading pairs, 24/7.
AgoraBank Debit Card
With the AgoraBank debit card, users will be able to spend their crypto and transact in a way that they’re familiar with. Furthermore, the card offers exclusive benefits such as cashback on transactions.
The centralized management of traditional banks places a barrier between customers and financial services, reducing transparency. Through the AgoraBank Decentralized Autonomous Organization (DAO), users can participate in, and vote on, future developments.
The AGO Token
The AGO token – AgoraBank’s native token – runs natively on the BNB Chain, as well as the Ethereum network. Its smart tokenomics is designed to ensure an optimal balance between supply and demand. People can participate in the initial coin offering (ICO) and buy AGO tokens to become an AgoraBank stakeholder.
Users can create or access crypto wallets that carry out on-chain and cross-chain transactions. This is akin to the interbank operations of traditional banking tools like banking apps, ATMs, bank cards, and internet banking, etc.
A Unique Crypto Bank
In addition to the DeFi services explained above, AgoraBank offers users unique benefits. The first is Agora Citizenship rights, where those who wish to become a member of the community can enjoy benefits like airdrops, VIP status, early access to project news, etc. Users can also participate in Agora Adventures, which allows them to earn experience points (XP) that they can convert to cryptocurrency. Another benefit is the referral bonus where users who invite their friends to join the network can earn a percentage of their friends’ investments and transactions.
Click here to become an AgoraBank citizen.