Successive financial crises have eroded people’s confidence in the banking system. The blockchain offers an alternative to the traditional financial system. Indeed, with the decentralization of exchanges and cryptocurrencies, a new world is opening up. Decentralized finance (DeFi) platforms are now essential when it comes to breaking free from the constraints of the traditional banking system. Thus, the need for renewal grows day by day. It is in this sense that AgoraBank has chosen to position itself at the forefront of this banking revolution. Indeed, it is writing a new page by combining institutional services and cryptocurrencies on the same platform. Enter the bank of tomorrow today.
A team of multidisciplinary experts
The bear market has pruned the blockchain universe by effectively eliminating less reliable projects. This gloomy context is a reminder of the importance of knowing the team behind the project by ensuring that it has the necessary resources. Therefore, a team with proven and recognized skills is the first guarantee of reliability.
Thus, AgoraBank is made up of a team of 30 people, which relies on experts with well-known, world-renowned skills. Its members have at least 10 years of experience in their respective sectors: finance, entrepreneurship, blockchain, DeFi, etc. For good reason, they manage several companies around the world, notably in Luxembourg, Paris, Madrid, Dubai and even in Switzerland.
To be more specific, the AgoraBank team are:
- Financial experts in auditing, trading and taxation. Guillaume Antier, co-founder of AgroBank is one of them. He is a trader and entrepreneur specializing in finance for ten years and a virtuoso of Asset Management. Pierre Bechmann is also one of the experts in this category. He has a solid financial background acquired in Luxembourg.
- Experts in DeFi and blockchain among which is one of the co-founders of AgoraBank. This is Benoît Courtois, who has ten years of experience in banking and finance. This entrepreneur and consultant is specialized in blockchain and DeFi, in particular on their uses and their implementations.
- A chartered accountant and auditor still in activity with more than 30 years of experience.
- Two business lawyers with more than 15 years of experience at the Paris Bar.
- Managers of two investment funds, one traditional and another on cryptos.
It is a team that participated in the creation of trading platforms and the first crypto-banks. She also perfectly understands the challenges of Web3 and is determined to lead this new banking revolution. ” We checked all the boxes of the prerequisites of a good crypto project for users to form a community inside the project », declares Guillaume Antier, co-founder of AgoraBank.
AgoraBank, a 3.0 bank already operational
It must be said that many projects appear on the market without being operational. AgoraBank is a 100% operational and audited platform, the development of which was done with own funds. This was also made possible thanks to the mastery of technology internally, while making it a point of honor to comply with the legislation. On the regulatory level, the bank 3.0 works with the market leaders for all the services available on its platform in order to offer the most security to its customers.
AgoraBank, the bank of tomorrow starts today
AgoraBank is a decentralized bank (or bank 3.0) whose objective of the platform is to make banking decentralization accessible to everyone. To do this, it combines traditional finance, DeFi and blockchain.
AgoraBank responds to the technological challenges of its time. It is at the crossroads between the services of a neobank, a crypto bank and a decentralized exchange platform (DEX).
Furthermore, AgoraBank places the user at the heart of its ecosystem. He is no longer the traditional customer who submits to the law of his bank in omerta. With AgoraBank, users are real players in the banking system. It is a decentralized bank that belongs to its users.
The era of disintermediation with AgoraBank
The blockchain has the advantage of eliminating unnecessary intermediaries. For this, we can count on AgoraBank’s complete offer, which provides access to all traditional banking and DeFi services by eliminating unnecessary third parties. Indeed, there is no need for the approval of a central authority to validate transactions as in the traditional financial system.
This is why AgoraBank has chosen partners that correspond to its decentralized universe, among others: Metamask and Ledger with their 100% decentralized and non-custodial wallets.
Thanks to the blockchain, AgoraBank offers itself a speed of execution and a reduction in transaction costs unlike the current banking system. In addition, all operations are traceable there, being all registered in the blockchain. Bank 3.0 is therefore intended to be immutable and transparent. As a result, smart contracts govern transactions on AgoraBank and ensure their settlement in complete security.
In addition, AgoraBank services are accessible via the Internet at any time from anywhere in the world. This 3.0 bank thus represents a huge opportunity for the entire unbanked population. Indeed, the World Bank estimates the percentage of people without access to traditional financial services at 24%, or about 2 billion people on the planet.
Users at the heart of the AgoraBank ecosystem
The crypto-bank places the user at the center of its ecosystem. This is confirmed by Benoît Courtois, co-founder of AgoraBank: ” AgoraBank places the user at the center of its ecosystem by giving them back the power “.
Thus, it guarantees the security of the funds of the users who are the only holders, which is a real break compared to the traditional financial system. Indeed, within it, banks and financial institutions have absolute control. They have a monopoly on the funds that are deposited in their establishments. This form of management gave rise to several abuses that led to financial crises.
This era is therefore over with AgoraBank which operates without holding the funds of its customers. In the same line, the platform has a decentralized governance (DAO) within which its users decide on the development of the bank in complete freedom.
In addition to controlling their funds, users also have control over their data. They can therefore manage their assets from their decentralized wallets with complete confidentiality.
A new model that is fairer and more equitable for all
AgoraBank’s remuneration is intended to be transparent and fair, unlike that of the traditional financial system, which is much more opaque. The redistribution of income is indeed engraved in the code. The platform allows each user to benefit from products and services with transparent fees and commissions that are redistributed fairly.
The DEX, to which access is free, allows, for example, to earn commissions on the swaps carried out. Users deposit cryptocurrency cash which can be instantly redeemed by other users. They have the ability to earn money like brokers without upfront investment or legal liability. It should be remembered that brokerage is one of the most profitable activities in the traditional banking sector, more so than retail banking or investment banking.
The platform also has a decentralized trading solution (trading 3.0) spot and futures. It allows you to generate income on crypto trading. Users can already trade over 50 cryptocurrency pairs.
The Agora Adventures solution, on the other hand, rewards user engagement in the community. It confers a grade of citizen whose evolution is made according to the investment. Rank confers benefits such as reduced fees for using the platform.
Additionally, the platform token is deflationary in nature. More clearly, the number of tokens available is limited to 300,000,000 AGO over time. There will be no token creation in the future, which will allow the token to be deflationary thanks to the burning mechanism integrated into the code. This explains the AgoraBank whitepaper available on his website.
A new platform to match their ambitions
AgoraBank wants to simplify the user experience, which is why it has just launched its new blockchain platform. Its long-term vision is to position itself as a reference in terms of decentralized crypto banks, a platform of the type one-stop-shop where users will easily find traditional and DeFi financial services.
Therefore, it has a well-rounded roadmap that includes among others, launchpad, payment cards, crypto borrowing and tokenization of the stock and real estate market.
Bank 3.0 has more than one trick up its sleeve. The platform which is deployed on both the BNB Chain and the Ethereum network (multi-chain) offers many use cases for its AGO token such as cashback, staking or even DAO. In addition, AgoraBank will soon launch its mobile application on the Playstore and the Apple Store.
To conclude
AgoraBank modernizes the operation of the traditional financial system to the delight of crypto-enthusiasts. By bringing them into Web3, it gives control back to its customers for greater freedom thanks to the blockchain. AgoraBank has given itself the means for its revolution. Benoît Courtois spells it out well: “ AgoraBank provides a revolutionary decentralized banking platform. We are building the bank of tomorrow by simplifying and making DeFi and blockchain accessible to everyone. Thus, AgoraBank is already firmly rooted in the 3.0 era.
Developing a platform that brings together institutional banking services and crypto platform services within the same application requires a great deal of experience. The team behind the project has been working discreetly for several months. Without marketing or advertising, it has already successfully raised funds of 2 million euros, directly on its platform. You can enjoy all the features of AgoraBank through its new platform available on its web page.
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