Explore AgoraBank: A Pioneer CeDeFi Bank of the People


Decentralized Finance (DeFi) is a popular new concept of blockchain technology that was inspired by the autocratic tendencies of established Centralized Financial Institutions (CeFi) such as traditional banks, insurance companies, etc.

East DeFi The solution is becoming widely accepted due to the explosion of crypto usage. However, most DeFi platforms lack the advantages that established CeFi institutions have developed over the years, such as validation and physicality.

AgoraBank is a crypto bank that combines the advantages of CeFi and DeFi (aka CeDeFi) to give users the best of both worlds from the comfort of their homes. Enjoy these benefits here.

A decentralized bank with traditional banking

AgoraBank was developed by a diverse team of highly experienced professionals who combined their extensive individual experiences in the traditional financial industry and cryptocurrency to create a comprehensive platform for financial services.

Through blockchain technology, many crypto platforms known as dApps (decentralized applications) have recently proliferated in the technology and finance space. This has created peer-to-peer financial services for people and reasonably decentralized the financial world.

However, the easily accessible nature of blockchain technology means that it can be exploited by fraudsters, reducing trust in crypto platforms.

AgoraBank combines the legitimacy of traditional banks and decentralization in a single application. Built with BNB and Ethereal support, is a fully decentralized blockchain platform that distributes ownership and management among users.

However, unlike other dApps, which can only have an e-money license, AgoraBank is an audited platform with a banking license. This makes it a legitimate decentralized platform that people can trust with their money.

In addition to legitimacy and decentralization, with AgoraBank, users can integrate cryptocurrency with their regular finances and buy, lend, borrow, trade, exchange, or build careers with financial assets without visiting any bank or broker.

Watch the AgoraBank trailer here:

AgoraBank DeFi Features (Crypto Banking)

crypto wallet

AgoraBank allows you to create or access your crypto wallet(s), allowing you to manage digital assets and services. The platform also promotes purse interoperability to improve access to broad financial services both on and off the chain.

Sheet AUG

This is the native token of the AgoraBank platform. With support for multiple blockchains like BNB and the Ethereum network, this token allows users to access various crypto benefits like assets, exchange, governance, etc., on the AgoraBank platform.

Created by experienced financial experts, the tokenomics of currency allow it to remain valuable or even increase in value. For example, only a limited amount of the token (300 million units) will be released to avoid oversupply that drives down the value.

Visit the site to participate in the initial coin offering (ICO) and get AGO to become a stakeholder on the platform.

decentralized exchange

AgoraBank supports numerous Crypto currencies and allows the buying, selling and trading of these Crypto currencies at low cost. This allows users to access decentralized exchange services, which are similar to the stock market or foreign exchange services offered by traditional banks but based on crypto assets.

Users can buy and sell crypto assets when their values ​​change for profit, or they can simply exchange one coin for another preferred coin for any reason. They can also invest in crypto assets for future profit.

decentralized governance

This is the main difference between traditional banking institutions (CeFi) and modern blockchain financial institutions (DeFi). Traditional banks have centralized management, and this creates an intermediary between users and financial assets/services, which limits transparency.

AgoraBank leverages decentralization and peer-to-peer transactions to give users a say in how their financial assets are managed. Agorabank users are co-owners of the platform and can form Decentralized Autonomous Organizations (DAO) to vote on the policies that will guide the bank’s operation.

CeFi Features of AgoraBank (Traditional Banking)

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AgoraBank Debit Card

Unlike other decentralized finance platforms, which are completely app-based, AgoraBank offers users a digital app and a debit card, a banking tool they should already be used to from traditional banks. This provides various means for users to bank and makes it easy for average people to start using the platform.

Saving

Unlike some crypto platforms with erratic currencies, AgoraBank has a smart tokenomics, which maintains the value of the platform token. This and the fact that the platform is designed for banking allows users to use their wallets on the platform as a savings account if they want.

Loans and loans

This is a financial service normally offered by traditional banks that can physically verify the parties involved, but Agorabank cleverly integrates this feature with decentralized technology. Through peer-to-peer transactions or decentralized exchange, users can lend or borrow from the platform or other users, with AgoraBank acting as a trusted intermediary.

Other benefits of AgoraBank

  • Become Agora Citizen to get citizen rights like Agora NFT, airdropsearly access, VIP status, etc.
  • Take part in Agora’s adventures and convert your XP (experience point) into cryptocurrency.
  • Invite people to invest in AgoraBank and earn up to 45% commission on your decentralized exchange transactions and up to 9% on your ICO investment.

Disclaimer

All information contained on our website is published in good faith and for general information purposes only. Any action that the reader takes on the information found on our website is strictly at their own risk.