Agoras is a smart currency, primarily a Tau-Chain application, that provides predictable and verifiable contracts. It will also provide access to multiple markets. Agoras is a decentralized P2P network that is programmable and is founded on ontologies and reasoning. Agoras’ objective is to facilitate the development of markets for derivatives, computational resources, and knowledge.

The first cryptocurrency that its users solely responsibly manage is Agoras ($AGRS). In other words, the Agoras token holders are responsible for determining the fees, token minting and burning, voting mechanisms, and rewards. Then, protocols are created based on all of the findings proposed and agreed upon by the Agoras token holders.

What is Agoras?

Agoras ($AGRS) is the first cryptocurrency that its users wholly manage responsibly. It is the digital currency of Tau Net, a user-run blockchain network. Tau technology, founded on the application of Logical AI, enables this unparalleled level of user control over the network and its tokenomics. This technology is a unique combination of a software specification language and a communication paradigm.

Background

Established in 2015, Tau Net revolutionizes blockchain and AI through its ‘Software as Sentences™’ methodology, which facilitates the development of executable, transparent software specifications.

Ohad Asor, the organization’s Chief Technology Officer, founded Agoras. Since 1995, he has worked as a software developer and mathematician at prominent technology companies. As its founder, he is presently overseeing the project’s development. Prior employment with GE Healthcare involved the development of software systems.

Fola Adejumo, who previously served as Maxbox VR’s CEO, is Agoras’s Chief Executive Officer (CEO). Fola, a venture expert, has accumulated millions in revenue and more than a decade of experience establishing global teams from scratch, bringing them to success. He has a strong foundation in product development, global manufacturing, sales, and marketing. He has collaborated with some of the world’s most prominent brands, including Walmart, Disney, Google, and NBC Universal, to create products and concepts on a global scale.

Karim Kaddeche, the VP of Research & Development, is a serial entrepreneur who established his first venture, GeoMicro, during the early.com era. Mr. Kaddeche was a pioneer and visionary in the geographically targeted ad space and an early proponent of location-based services. The US Navy, GE, AccuWeather, and DirecTV implemented GeoMicro’s web-based Geographic Information System. Karim co-founded L2 Drive, where he was the principal inventor of L2’s next-generation cloud data storage technology, after selling GeoMicro to the Descartes Systems Group (NASDAQ:DSGX).

Features of Agoras

Agoras is a network with a cryptocurrency developed over Tau, which allows the following features:

• Self-definition: Agoras, built on Tau technology, is software that allows users to operate effectively.
• Knowledge economy: Using Tau’s collaborative formalization features, knowledge owners and creators can offer their content for paid consumption, while knowledge seekers can easily find and acquire it.
• Computational resources market: Renting and renting out computational resources such as CPUs and disks enables cost-effective and efficient large-scale computations.
• Derivatives market: Agoras offers a no-middleman peer-to-peer derivatives market, allowing for risk-free interest without producing new currencies through zero-delta portfolios.

Agoras Vision

Agoras is committed to expediting the pace and effectiveness of human innovation and collaboration by establishing a more robust technological foundation that humanity can utilize to generate new resources. Tau is an essential, fertile environment for developing and expanding previously unattainable concepts. It is a new Layer One designed for the new era of human capability and software.

Technology is the determining factor in the availability of resources that humanity can utilize, and humanity requires unbounded opportunity and resources to develop. Tau will eliminate numerous obstacles to development and clear a path to the essential new knowledge of the future, thereby enabling greater participation and contributions to our shared objectives as a species. Tau will augment machines’ capabilities, making them critical in discovering resources and valuable knowledge. Some guiding principles for Agoras support the project’s vision. They include.

Tangible Innovation

Innovation is the main factor that stimulates growth. Technology should enable all individuals to innovate beyond what was previously considered feasible. Innovation should target the root cause of the issue. Innovation should have a significant real-world impact and application.

Effective Collaboration

Efficient collaboration is a necessity. The process of connecting human knowledge and software should be made uncomplicated and robust enough to advance humanity, ensuring that they are in a form that has the maximum utility to become more than themselves alone.

What is Tau-Chain?

Tau-chain, or just Tau, is a decentralized blockchain network allowing numerous users to govern its next version effectively and solely through creative social-choice mechanisms.

Tau is fundamentally based on logical AI. Logical AI, in contrast to machine learning, can specify the intended meaning of discourse and real-world knowledge and provide provably correct results. Tau’s logic-based engine can precisely self-construct intricate software from knowledge input. Tau updates its software to meet user specifications and merely specifies the functionality of any aspect of Tau, including its blockchain.

Logical AI is also capable of machine learning; however, it is significantly more advanced than machine learning-type AI because it can articulate its decision-making process. Meanwhile, machine learning AI is unsuitable for the precise development of any significant software, as it is limited to learning through examples.

There is an inherent likelihood that machine learning results will need to be more accurate. It can elucidate the results through examples but cannot demonstrate the rationale behind its decisions or provide evidence that its findings are correct. Users can give Tau global instructions, such as “Do not send private data over the network.” These instructions will impact the entire codebase, thanks to Logical AI.

How Does Agoras Work with Tau Technology?

Users of Tau indicate their desired features for the system, and Tau then automatically updates itself based on the consensus of its users. All users collectively govern the system by communicating in controlled natural languages, which are languages that both humans and machines can process. Examples of Agoras contracts with Tau Technology include.

Trade Agoras for Knowledge

User knowledge is an asset shared with the network and exchanged for Agoras ($AGRS) and other assets. Users’ thoughts and ideas exchanged over Tau Net will be incorporated into the world’s most powerful knowledge base, which can be queried and logically reasoned about. Tau Net will even recognize when a portion of a user’s information solves someone else’s difficulty and promote it to them.

For example, user 1 is looking for steps from A to D and is willing to pay 30 AGRS for this knowledge. User 2 knows how to get from A to B. User 3 knows how to get from B to C. User 4 knows how to get from C to D. Tau Network AI combines user 2, user 3, and user 4’s expertise and pays for it with User 1’s AGRS balance, then gives user 1 accurate information on going from A to D.

Trading Agros for Computer Resources

Selling: Idle computing resources in smartphones, laptops, and tablets, such as a CPU, hard drive, GPU, and memory, can be traded and rented for Agoras and other assets in the Tau Net economy.

Buying: In the Tau Net economy, billions of user devices converge to form a single supercomputer that can be rented using Agoras. The aggregate computing power of billions of individuals exceeds that of all the servers of the largest technology businesses.

Trading Agoras for Derivatives

Agoras and other digital resources can be utilized to trade in the Tau Net derivatives market, including financial instruments like futures and options and the unique ability to generate risk-free interest without increasing the Agoras token supply.

What is AGRS Token?

Agora’s token is an ERC-20 native token. AGRS is essential to the Tau product suite, including Tau, Tau Net, and Tau Live. Users can trade AGRS for items and services such as knowledge, computer resources, and financial instruments, thanks to contracts based on Tau technology, which will increase AGRS’s utility and liquidity.

• Token name: Agoras
• Token ticker: AGRS.
• Token: Utility.
• Total supply: 42 million AGRS.
• Circulating supply: 18 million AGRS.

Tokenomics

Agoras is leading the way in AI-based, user-controlled cryptocurrency. AGRS’ tokenomics and utility evolve to match its users’ collective desires, representing the entire purchasing power of all increasingly available assets in the system. Agoras users will be able to jointly and continually impact every part of its tokenomics, making $AGRS the first entirely user-driven cryptocurrency.

Then, Tau Net AI will determine what everyone agrees about how Agoras should act and decide that it will become deflationary by burning 50% of all transaction fees. This will reward active people on the network by redistributing 50% of all transaction costs among all active wallets holding the token. Tau Net will then automatically update the tokenomics to match the specification precisely.

How Do I Get AGRS Tokens?

• Go to Gate.io Exchange and create an account by entering your email ID and password.
• Set up your fund password by entering settings; this password will be asked during fund withdrawal.
• To buy AGRS tokens, you must complete KYC with the proper documents.
• After KYC, go to Spot Trade, search for AGRS, and select.
• After opening the new page, fill in the amount in AGRS or USDT you want to buy, and click the buy button.
• After a successful buy, go to the Wallet > Withdraw page.
• Here, select AGRS, and then enter the wallet address.
• It will ask you for your fund password, 2FA, and email code; enter them correctly and submit.
• Your AGRS will arrive in your wallet after a few confirmations.

Conclusion

Agoras is a Tau-Chain program that serves as a smart currency by providing predictable and verifiable contracts and multiple markets. Tau Net is a platform built solely by its users. They have a direct say in shaping Tau Net’s software based on their preferences. Tau Net represents all users collectively as it continuously evolves by calculating the agreed-upon software according to its users’ desires and creating its next update using a correct-by-construction method.