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
WHY US
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.
Liquidity Issues
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.
