An Update on Tauchain & Agoras (Exchange Listing + Interview Questions)
Agoras is getting listed on a new exchange.
Tauchain is a blockchain that doesn't have its own coin just like the Internet, but Agoras is a project that is designed to be built on top of it, hence the existence of Agoras Tokens. It's the only closest way to be able to invest in Tau. The demo is coming soon, but the blockchain itself will only come into fruition in year 2020 or later, so this is really more of a notice for those who are interested to support the project at this relatively risky stage.
For your information, this project has one of the fairest distributions in the space as the team behind it only reserved 3% of the total supply for themselves. At the moment, it's available on Bitshares / Openledger under AGRS (make sure it's the correct asset if you're looking into it).
The new exchange that Agoras will be listed is at https://www.bcex.ca on 18th of September 2018. The announcement can be found here. There's also another recent community update that can be found here.
Interview questions.
Tauchain is certainly not a project that is easy to comprehend at first. If you have any questions after going through the available materials, feel free to drop a comment or two and I might include it in the written interview that I'm planning to forward to the team soon. Thanks in advance!
Also, feel free to drop by the group's Telegram channel: https://t.me/tauchain.
Resources.
If you have no idea what Tauchain is about but interested to get to know more about it, check out these links:-
Tauchain's website: http://idni.org
My introduction on Tauchain: https://steemit.com/blockchain/@kevinwong/what-is-tauchain-and-why-it-could-be-one-of-the-greatest-inventions-of-all-time-part-1
My Steem witness post that includes a focused consideration of Tauchain as part of a long-term plan: https://steemit.com/witness-category/@kevinwong/running-for-witness-embracing-the-crypto-life-tm
More articles can be found through the following Steem accounts: @trafalgar, @dana-edwards, @rok-sivante, @capitanart, @flis (part of the Tauchain team), and @karov (also part of the Tauchain team).
Always do your own research.
Wow 2020? That's a REALLY REALLY long timeline for a cryptocurreny.
haha, yes. but i can wait for this one :)
Ethereum will not have sharding until 2020.
It already has a value of $1.36, I believe it will rise after being listed to these exchanges. I will vote for this and also I am going to study the material to get an overview and better understanding of this coin. Thanks for sharing.
Well new exchanges could also mean the opposite, maybe some early investors are looking to liquidate huge amounts immediately, so be well aware of the risks involved. Feel free to ask any questions, drop by the telegram etc. Thanks for the interest btw!
Nah, why would early investors liquidate now when these same early investors could have done so in December, or January, or February of this year? Not to mention over Bitshares this whole time if it was really that urgent? Although I do sort of agree Bitshares never offered enough liquidity to sell very much so if someone has a large amount that is different.
I think early investors selling now is possible but defeats the purpose of it all. That is to buy low and sell high. So if they invested truly early and didn't sell when the price was 3 times higher than now then why do it now?
Will be interesting but I don't expect a lot of early sellers to sell. Even more if Ohad releases a demo of the current code base. The more early investors understand what Ohad is working on the harder it becomes to think now is time to sell compared to Jan 2018 or Dec 2018.
Hopefully though people who want to sell are able to do so easily. They dump and it's cheap AGRS for us all.
You have been a tau chain supporter for as lng as I have followed you.
since I am newbie, any and all projects get me excited :-) but since I am lazy I would have to muster up some energy to take a look into it ......
it looks like that AGRS token are nearing their maximum supply level. Could be a good thing for the price.
AGRS is currently an OMNI asset under the Bitcoin blockchain and there's no mining going for it. It's already at the max of 42m supply, but yeah part of it may be reserved for maintaining the actual chain (at least where Agoras is concerned I think) when it's out. It'll be a product of community discussion during the Alpha or Beta stage.
Knowing the fact that it cost more than a dollar for a coin which has no support from any exchange with big name it sounds like a little bit overpriced for me. Though like many, I don't understand the deep side of this project but I'm interested nonetheless. Maybe I should get some when the price is adjusted.
And if you think it is over priced and you sell then someone who understands what is being attempted can buy it for cheap. Feel free to sell to those who do understand.
Errr, I don't have any yet as of now.
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In that case you can take the chance to wait for the price to come down. I don't know who bought in before I did but I can't sell at the current price and market cap. People likely to sell at the current price probably bought in when it was around 50 cents? So yes it's a profit of maybe 2x or perhaps 3x?
If it goes back down to 50cents what it means is more chances for a diverse community to buy it. It's a great opportunity and one of those rare 1000x opportunities we saw with Ethereum or EOS or Bitcoin in 2009.
I think this will become increasingly clear once people see what the tech can do. Right now only programmers and people who spent years studying it can understand but hopefully our blog posts help it some.
The only similarity I can relate the current Tau with 2009 Bitcoin is, they are both hard to understand when they are/were cheap.
What are some of the biggest questions you have?
Simple, all the explanation about Tau is on theory/concept base. I need a practical picture like how the Tau is going to help the masses to reach consensus in a efficient way? Thru some algorithm yes, but how particularly? Is it a bunch of people discussing a same topic just like what we do here on Steem or Reddit and there is a bot behind keep calculating the latest consensus?
I just need to know how exactly this is going to be achieved.
Cool got it :)
I will stay away until we see what happens once a few exchanges pick it up. I dont think it will take more then few weeks to come to a solid decision as to what will happen after it starts getting traded.
Im sure there are some holders that are waiting to unload after the 2 year timeline news.
You would have to ask why these holders did not unload in Feb or Jan 2018? And if they just got in this year then yes it makes sense. I do think there will be selling but if you compare the market cap of AGRS to similar projects then you can see Tron, Neo, Tezos, all near or above 1 billion market cap.
If I take the most conservative estimate then I expect around $8 a token. This is conservative and that would be a market cap of "$336,000,000". That is around the market cap of Lisk, Decred, Nano, Bytecoin, Dogecoin, etc. So we are talking top 20-30 market cap for a price of $8.
Why would someone sell at a market cap of $42,000,000 or so? Of course I could be totally wrong as I cannot read the minds of buyers and sellers. So don't take anything I say too serious. I just think looking at the metrics if AGRS is even a little bit successful the price can be much higher than this due to there being only 42,000,000 tokens and even less will be liquid due to the reward bonus for not moving tokens.
What is questionable is what will the demand be? Even if there isn't a whole lot of selling it doesn't mean people understand what Tauchain even is.
The last sentence says it all and frankly 2 years from something tangable is just too long.
I mean you are talking Tron and Neo that are long term projects that really have no current wide spread use case, having such massive market caps, while you didnt mention that Steem has a use case, and has SMTs in the works that have the potential to instantly change the face of the internet in the short term....
Now contrast that to Tau...
The fact of the matter is: The market is stupid. Short term Steem potential, massive-250mil market cap.... Tau long term potential, massive-?market cap
Thats why i say we wait.
If the markets cant understand the potential of Steem then they sure as hell cant understand Tau.
Steem has been promising communities since late 2016 and SMTs since 2017 if I remember right. These things take a long time even for Steem.
What I'm saying is that while Steem is like Reddit, Tauchain is going to be like Google+Facebook. It's going to have social features as well but only much much better technology than that which powers Steem.
If you want you can compare Tauchain to EOS but even that would be unfair. Nothing else exists in the crypto space which is similar to Tauchain tech. So truth is Tauchain should be 1 billion market cap if we go on tech. I am conservative because I know community is what matters not the tech.
So while Tauchain has novel tech it still has to develop a community around it which I think it can do but it takes time. So I compared it to Lisk, which is where I think the market cap could and should land in the next few months based on community. If the tech works then things can grow very fast to the Tezos level in terms of market cap.
Tezos with all it's legal problems is still nearly a billion dollar market cap. Why? On novel technology alone really. Btw I agree the market doesn't make sense. Steem should be over a billion market cap but you are right the market seems to think long term on one hand but then speculators are focused only on short term.
Well said the last sentence.
I will also say if the price of AGRS does dump to really cheap then I can't wait to buy it. Under $1 seems to be like a deal and if it gets to 50 cents again like it was in 2017 I would think it's undervalued because of the progress made on the code base.
At 50 cents it's cheap enough to use dollar cost averaging to buy some each week.
Well in the long term you might be right, the problem is that people, that support projects like that dont like seeing red, no matter how sure they are, for an extended period of time. Just go back to Steem at 3usd months after launch and seeing 0.07 months later....
The difference is Steem was already released as a product (beta) when this happened. Tauchain beta isn't released yet so people have some reason to hold on the roadmap rather than sell before seeing what they actually bought.
Total speculators might sell but there was a better time for speculators to do that. It's like why would a speculator choose now to sell Ethereum vs 6 months ago?
Maybe because Eth had its "moon" period and cant have any more noticeable gains outside the normal market trends?
A speculator is an opportunist and just like SMTs will make Steem have some market non specific gains in the short term imo and then a selloff before stabilization on a higher price but below ATH i assume same thing will happen with Tau once it starts trading extensively at the start.
I did some research. It will be very hard for people to sell through OKEX if they are US citizens. US citizens are specifically excluded. No reason is given by OKEX as to why because they have strict KYC even for non US citizens.I think OKEX gives non US (mostly Asian) investors and speculators a chance to buy into AGRS at cheap prices.This post turned out to be incorrect. BCEX is not the same company as OKEX.
This is both good and bad. Good because it means maybe US customers can use it but bad because the exchange is shady with almost no transparency about how it's run or who runs it or if it's regulated. It's an exchange but it doesn't seem to be the safest exchange and will like to see AGRS on more exchanges than BCEX.
BCEX does have good volume and is easily confused for OKEX.
With the revolutionary powers of Tauchain to be considered, Agoras should be a major hit once fully launched
Hopefully! Feel free to ask any questions you have in mind!
Probably something for you to put in your disclaimer is that OKEX only works for certain countries. US citizens are specifically excluded from withdrawing from this exchange. The exchange has some of the most strict KYC in the industry (even more strict than Coinbase, Bittrex, etc)The above appears to be incorrect. My own stupidity here. But I do think BCEX is a bit shady as no one knows who runs it or how it works as it's not very transparent. If anyone knows more feel free to let us know.
OKEX? Or you mean BCEX? Or are they the same??
(agrs is getting listed on bcex)
Whether it is the same company or not they both follow the same policy of blocking US and some other customers. So what I said about OKEX seems to also apply to BCEX. If you try to sign up they require a phone number (non US phone number). If you do manage to create an account then there is the chance they will do KYC before you can withdraw and block you if you're a US citizen.
There may be a way around this for US customers but I don't know the details to say how it works. So if any US customers have used this exchange feel free to post your experiences.
References
https://www.abitgreedy.com/bcex/
My mistake. I thought they were the same company. Website looks very much the same in terms of layout too.
Oh if that's the case, at least there's openledger/bitshares.. why they have such weird measure is beyond me..
It always bothers me when I see a mysterious organization (non transparent) yet willing to do KYC but at the same time refusing to accept US customers?
If they are going to go so far as to do KYC in the first place then they already are complying with regulations so what is there to lose accepting US customers at that point? So the policy would only make sense if there were going to be no KYC. Then it's a decentralized exchange or is it centralized? If decentralized then it's even more confusing and if it's centralized they need to be more transparent before I can recommend any serious person trade on it.
But yeah at least it's an exchange and hopefully it's enough to get AGRS back on Coinmarketcap.
Are you on any discord group? We can chat over there instead of in the comments box. Can I ahare my discord id?
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I'm on discord, but I'd prefer to keep communications around here if possible :)
No problem mate... I will be in touch!
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I am mesmerized by the potential of Tauchain in the area of knowledge and connectivity (harmony). Agoras is a must for those who can afford to support such a visionary project.
Thanks for the info. I am definitely picking this up
What are some of the biggest questions you have about the project?
Agoras to invest in Tau and 2020 ... this means that crypto is not going to die in 2018 at least :p
Lol. But really, nothing has fascinated this much before so i'm looking forward to it no matter how long it takes :)
Hats off to you bro ... you are stunning :o
Thank you for this update.