Algobit (AGCoin) IEO on ChainX
About Algobit (Website : https://algobitcoins.com/)
What is Algobit?
Blockchain technology facilitates the exchange of value without the need for intermediaries, enables transparent interactions of parties through a trusted and secure network that distributes certified and auditable access to data, simplifying the existing processes lowering the costs and increasing the liquidity and capital efficiency of the trades.
We believe that financial inclusion should be available for all and developed a platform, which would help in solving typical problems a cryptocurrency asset owner faces like liquidity issues, Volatile rate fluctuations, and lower interest rates.
AGCOIN can be considered as a utility token within our community as it also acts as a means of exchange for the community members. Such token does not represent equity in the company, but will be backed by our guarantee of liquidity and price promise; hence, the value of the token should be positively correlated to the success of the project
Our proposed platform would help solve all the issues a cryptocurrency asset owner faces, as eventually we aim to create all business projects as trade-able assets and help entrepreneurs raise crucial finance to achieve their dreams.
Consider that you know that price of a cryptocurrency, say bitcoin would definitely increase in about 5–6 months, but currently you are facing a liquidity issue to pay off a vendor or want to buy a new asset class. Our platform gives you an option to mortgage the cryptocurrency on a nominal interest rate and immediately liquidate your assets. So your cryptocurrency assets remain safe for the tenure of the loan and liquidity issue is resolved.
Volatile Price Fluctuations
Cryptocurrency price may vary a lot causing significant gains or losses, at Algobit we understand that this and can guarantee you a 70% return, whatever be the price of your cryptocurrency asset. For example, in the above example, if you have deposited Cryptocurrency assets with us, hoping that the price will go up in near term, but unfortunately the prices fall from the initial levels, we have got you covered; our pool /community would cover your losses upto 70% of the initial investments with us.
Zero/No Interest Rates
Most of the Cryptocurrency assets are kept idle and do not earn by the way of interests. Although there are many projects and exchanges who provide options to stake or utilize your cryptocurrency assets to provide interests, either the interest rate is too low or the risk of investment is too high. We are providing a significantly higher interest rates on such deposits, as our underlying business model is earning higher rate of returns and all businesses are sustainable.
Algobit Defi Building Community Shaping Dreams
From time immemorial, the place of referrals and uni-level marketing cannot be overemphasized. The tradesmen and tradeswomen can succinctly imply the fact and the place of telling others about the good of a used product, this has been the way of the world, let’s take a brief look at what this implies.
Crypto currency is the simplest way to exchange money at a very low cost, anywhere in the world and at any time zone.
- Safe & Secure : When it comes to security, our encryption is second to none. We have a secured and safe platform for everyone. No cyber attacks, no hacks, no phishing, as we have developed the entire platform on Smart Contract. In addition we have employed the best cyber security team aimed to ramp up security for all users.
- Wallet : When it comes to storing and keeping cryptocurrency assets, everyone loves to have the best wallet possible. Keeping your security concerns in mind we at Algobit have developed the platform where your crypto assets gets stored in your own preferred wallet. At the same time you keep enjoying full benefit of our community development programme.
- Experts Support : Our customer care support service is available 24/7 and will be on standby to help and offer solutions to any glitches encountered during the course of the usage of our site or other services on our platform. Their professionalism will get the job done to the satisfaction of all.
- Instant Exchange : We have in the offing, the plan to create instant exchange, where our users can swap or change one crypto asset to another. With the exchange fee affordable and reasonable.
Algobit aims to disrupt the cryptotrading industry by lowering the
barrier to creating algorithmic trading models.
Jan — March 2021
- Start of Presale/beta version of website
- Launch of Algobit Defi token
- Building Community
- Launch of Loan against Assets (as collateral)
- Launch of interest on deposits
Apr — June 2021
- Final website/apps launched
- Launch of Staking part1
- Launch of our rate guarantee
- Launch of First Airdrop
July — Sep 2021
- Listing on major exchanges
- Launch of LOAN rating system
- Start of phase 2
- Launch of Final Airdrop
Algobit Defi Building Community Shaping Dream
You can participate IEO and check more details from this website (https://chainx.kr/)