What is agoric? All information about Agoric and tokens BLD, RUN

• Overview of Agoric
• What is agoric?
• Basic characteristics of Agoric
• The main advantages in using Agoric
• How to make money in Agoric
• The development team, the investor of the Agoric project
• Agoric's development roadmap
• Agoric . Token Overview
• What are RUN & BLD tokens?
• Basic information of BLD . token
• BLD . Token Allocation
• Where can BLD tokens be bought and sold?
• The future of Agoric and should I invest in BLD tokens?
• summary

Overview of Agoric

What is agoric?

Agoric is a smart contract platform that uses Proof-of-Stake consensus mechanism , is highly interoperable, and is built on Cosmos. Agoric allows developers to use JavaScript smart contracts to build and deploy DApps more quickly and securely.

Programmers will build smart contracts on-chain in a hard-coded JavaScript version of Agoric. Hardened JavaScript provides a secure and stable environment for developers to build, deploy, and operate decentralized applications, DEXs, and multiple NFT projects. 

This release will simplify programming on blockchain aiming to reach more than 10 million JavaScript developers worldwide. This opens up the possibility of connecting on-chain smart contracts and JavaScript. From there, the development time of DApps will be shortened, error-free and more efficient.

In addition, Agoric's programming model is supported by existing exchanges' own infrastructure, which allows for the construction of a standard computational financial library system with the ability to edit incrementally. exponential, similar to what has fueled the explosive growth of Node.js, React.js, and other JavaScript ecosystems.

Basic characteristics of Agoric

The architecture of the Agoric platform has three closely interlinked systems:

DApp economic system

This is a place for market participants to conduct cryptocurrency transactions with each other. Plus, it allows them to create digital assets (including NFTs), build new DeFi protocols, and connect DeFi components together.

RUN . protocol

This is the protocol that will play the role of minting RUNs - a stable currency in Agoric's economic model. All protocol fees, including transaction fees, will be paid in RUN. 

Staking system

With this system, investors can stake BLD and become Validators to ensure safety and smooth transaction on Agoric chain. In return, the Validators will receive a reward corresponding to their contribution to Agoric. 

For those who stake BLD to authorize Validator, but that Validator behaves badly, the amount of BLD of the original staked authorizer will be reduced. However, the delegators still receive a reward if the Validator does a good job. 

In addition, when staking BLD, the verifying nodes will have the right to participate in Agoric's on-chain governance system. 

All three systems will support each other to ensure smooth and stable economic activities as well as attractive rewards for everyone participating in this network.

Network participants include:

Validator : Those who will assume the role of validating transactions taking place on Agoric's chain. They will always be online to participate in consensus protocols and ensure the network is always secure.

Staker : This represents BLD holders who want to participate in the staking system to support on-chain security by staking their BLD coins. In addition, they can also become Validators and take over the functions of this object.

Market participants : Those who make transactions on Agoric and they have to pay the costs in RUN. Transactions that take place on-chain are measured, protected against spam, and processed quickly by the Agoric network's Validators. 

The main advantages in using Agoric

Agoric combines advanced technologies with Proof-of-Stake consensus mechanism to create a solid foundation for building DeFi, NFT projects…

Agoric series is quick and easy to guess

Agoric is built on the Cosmos blockchain , so transaction processing is fast and ensures that on-chain transactions are not changed or reversed. 

In addition, the platform eliminates transaction costs in NFT games, and makes it easier for users to calculate the price and urgency of such transactions.

The experience of programming and developing on Agoric is familiar, safe and easy to edit

JavaScript is one of the most commonly used programming languages ​​today. Therefore, JavaScript programmers can easily use the tools that Agoric provides to deploy DApps quickly. In addition, Agoric also adds security features, determinism-based processing, and asynchronous processing to JavaScript to meet the unique requirements of legitimate development. smart co. 

In addition, the Object-Capability security model provides a multi-layer defense system, helping to separate and isolate the risks that exist on DEX exchanges. This ensures safety for investors when making transactions on the DEX built on Agoric.

In addition, the high-level token standard ERTP (Electronic Rights Transfer Protocol) helps developers quickly build smart contracts. Agoric provides a library of tools to support a wide variety of digital assets and contracts, including fungible tokens, NFTs, and other digital assets.

Other advantages of Agoric

Leading DeFi Platform : Agoric offers familiar JavaScript libraries combined with a stable currency (RUN) and automated market maker (AMM) for a perfect platform. Developers can leverage the platform to quickly launch powerful DeFi protocols.

Scalability : As blockchain technology is increasingly developed, the PoS (Proof-of-Stake) protocol and on-chain governance mechanism must be continuously upgraded. By applying on-chain governance and economic mechanisms attached to the staking system, Agoric can easily scale up to meet future user needs.

Easy Connectivity : The Dynamic IBC protocol allows Agoric to use the assets, mortgages, and services of other blockchains easily and quickly.

The technology used in Agoric integrates the Byzantine Fault Tolerance (BFT) consensus protocol with Tendermint Core and a distributed virtual machine. This is to support the execution of advanced smart contract platforms and ensure that the system's crypto-economic model is sustainable.

Once the IBC protocol is enabled, projects can use Agoric's smart contract along with cross-chain functionality built into the platform. This opens the doors to multi-chain liquidity, providing users and businesses with new investment opportunities. Thanks to the support from the Cosmos Interchain community, the Agoric development team has been integrating IBC since launch.

How to make money in Agoric

Become a Validator

Users can participate in the form of being a Validator to receive rewards in BLD from the work they undertake such as: Validating transactions and participating in administrative activities in the chain. 

But if the Validator has errors in the validation process they will also have the amount of BLD they receive from donations. They are even penalized for not being online or participating in consensus verifications. 

In addition, validators with double-signed expressions or not participating in administrative activities with a certain percentage, will be removed from the Agoric system as transaction validation. 

Become a Staker

Users can stake BLD to a verification node (Validator) to authorize the operation of that node and receive BLD tokens as a reward. However, the difference in the Agoric project is that when the Validator has a behavior that affects the work, the Staker will be penalized to cut the amount of BLD they originally staked.

Use BLD to borrow RUN

Agoric allows users who have staked BLD to verify nodes that can borrow RUN. The amount of RUN they can borrow will depend on the amount of BLD received in the future from staking . This helps provide liquidity to Stakers and does not compromise the security of Agoric's system. 

In which, a part of BLD in total staked BLD will be locked, the rest will continue to create value and bring rewards to investors. To withdraw both the initial BLD and the reward, the user needs to pay the borrowed amount of RUN plus the loan interest to the system.

The development team, the investor of the Agoric project

Development team

Agoric owns a team of experts who have achieved many successes in the technology field as well as they have certain breakthrough products in the cryptocurrency market. Some prominent names are Mark S.Miller, Dean Tribble, Michael Jablon, Bill Tulloh, Brian Warner...

Investors

Agoric raised a total of US$36 million in 3 funding rounds. Agoric's latest funding of US$32 million was raised on 11/11/2021 from an undisclosed round. 

Some of Agoric's prominent investors are Polychain Capital, Outlier Ventures, Lemniscap, Rockaway Blockchain Fund, MetaStable, Figment, The Spartan Group, NGC Ventures, Compound, Placeholder, Chorus One and Acrew Capital...

Agoric's development roadmap

Phase 0 : Agoric will focus on setting up the network with BLD holders to launch the chain. Agoric's public chain is built using the Cosmos SDK – Cosmos' software development kit that is also used to build other chains such as Akash, Regen Network, Osmosis, and Celer.

Phase 1 : The project team will launch Agoric virtual machine, RUN token and protocol, Vault contract, and Agoric system's own automated market generator (AMM).

Phase 2 : Agoric allows smart contracts to be deployed on-chain depending on the governance rights of BLD holders.

Phase 3 : Agoric will add permissionless smart contracts. That is, the project will allow any developer to be able to deploy a contract on the Agoric public chain without an approval process.

Agoric . Token Overview

What are RUN & BLD tokens?

Agoric uses a 2-token mechanism including RUN and BLD. The Agoric project's private tokens help to connect internal transactions in the Agoric ecosystem with global markets, algorithmic resource markets and users.

What is RUN?

RUN is a stable currency pegged to USD. RUN provides an internal trading vehicle to promote trading activities within the Agoric ecosystem. 

All fees in the protocol will be paid in RUN including: Stable interest paid by RUN borrower, protocol fee paid by AMM user and transaction fee paid by smart contract user smart and DApp. 

The costs generated from these economic activities will be transferred to a reward Pool exclusively for future Stakers.

What is BLD?

BLD is a native token dedicated to staking to support economic activities taking place in the Agoric ecosystem. It helps to ensure the security of the chain and develop the economic activities of the network. BLD will reward Stakers and Validators. In addition, BLD has an administrative function, those who own BLD will be able to participate in the management system to guide project development. When on-chain economic activities reach a stable stage, these rewards will be gradually transferred to RUN.

Basic information of BLD . token

• Ticker: BLD
• Initial Supply: 1,000,000,000 BLD
• Total Supply: 1,250,000,000 BLD

BLD . Token Allocation

• Network Decentralization: 17%
• Foundation: 12.5%
• Community & Ecosystem: 5.5%
• Core Contributors: 18.6%
• Advisors: 3%
• Early Backers: 11.4%
• Operations: 12.5%
• Private Sale – 2 years lockup: 8.6%
• Private Sale – 4 years lockup: 3.9%
• Public Sale: 7%

The BLD token allocation schedule will be detailed in the figure below.

Where can BLD tokens be bought and sold?

The Agoric ecosystem has two tokens, BLD and RUN. However, investors can only buy BLD tokens on the market.

On December 29, 2021, Agoric will open BLD token sale on CoinList with 2 options as follows:

Option 1:

• Time: December 29, 2021, at 18:00 UTC
• Selling Price: US$0.8 per BLD . token
• Asset: Token BLD
• Purchase Limit: Min 100 USD, Max 1,000 USD
• Lockup: BLD tokens will unlock after 6 months from the date of sale or around June 29, 2022 and release linearly within 12 months
• Number of tokens: 45,000,000 BLD

Option 2:

• Time: December 29, 2021, at 23:00 UTC
• Price: $0.65 per BLD . token
• Asset: Token BLD
• Purchase Limit: Min 100 USD, Max 1,000 USD
• Lockup: BLD tokens will be unlocked on 11/1/2022 and released linearly within 12 months
• Number of tokens: 25,000,000 BLD

You may be interested : Top 3 potential projects to open token sale by the end of 2021 .

The future of Agoric and should I invest in BLD tokens?

The idea of ​​the project is to create a JavaScript smart contract platform that makes it easier for many JavaScript developers to access Agoric. At the same time, they can take advantage of the technologies and features that Agoric provides to deploy decentralized applications, DEX exchanges and many NFT projects that bring a lot of value to users. 

In addition, owning a team with rich experience in the field of blockchain technology, cryptocurrencies is also a plus point for Agoric.

On the other hand, the information that the project mentioned in the Whitepaper is only on paper and it is not possible to accurately assess the growth potential of the project in the future. If investors are interested in this project, they can follow the information from the official channels as follows:

Website | Twitter | Telegram | Discord | LinkedIn | Youtube

summary

Projects that are open to sell tokens on CoinList have received a great deal of attention from investors and Agoric is no exception. At the same time, Agoric has also affirmed its attractiveness when it has raised more than 36 million USD from many large investment funds. However, any investment has risks, so readers need to research carefully before giving an answer to the question "Should I invest in Agoric project?".

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