In recent years, most people have lost faith in the traditional banking system and numerous centralized exchanges (CEX) due to successive financial crises and default risks associated with centralization. Blockchain technology gives the opportunity to modernize the current system. Indeed, the rise of decentralized finance (DeFi), which combines traditional finance and blockchain technology, is revolutionizing the financial industry. Rapidly expanding, DeFi has already become essential in the cryptocurrency sector as it promotes broker-free transactions through its decentralized exchange platforms. Blockchain technology therefore has the potential to meet the need for innovation in the banking sector. In this context, AgoraBank breaks the codes by creating a new avant-garde model, the decentralized bank (Bank 3.0), capable of radically changing the banking system by leveraging the blockchain. It succeeded in positioning itself in just a few months as a pioneer of the decentralized banking revolution. AgoraBank has created a decentralized banking platform that combines institutional banking and cryptocurrencies. Discover the bank of tomorrow now.
A team of world-renowned experts
The bear market has rid the blockchain world of some projects that were very unreliable. This situation has reminded consumers that it is essential to be well informed before investing. It is especially important to pay attention to the team behind the project to verify that it has all the necessary human and technological resources. A team of professionals with proven and recognized skills is the first guarantee of the reliability of a project.
The team behind AgoraBank consists of 30 experts with globally recognized skills. Each of the members has at least 10 years of experience in their field. Multidisciplinary, the banking 3.0 team consists of professionals from different sectors such as finance, banking, entrepreneurship, blockchain, DeFi, etc.
These experts have the experience of managing large companies around the world. They play a key role in structures set up in particular in Luxembourg, Paris, Madrid, Dubai and Switzerland. The AgoraBank team includes:
- Financial experts in auditing, trading and tax, such as Guillaume Antier, co-founder of AgoraBank, and Pierre Bechmann. Mr. Antier has been an entrepreneur specializing in trade and finance for ten years. He is also a specialist in asset management. As for Mr. Bechmann, he has solid expertise in finance, acquired in Luxembourg.
- DeFi and blockchain experts like Benoît Courtois, another co-founder of AgoraBank. Mr. Courtois is an entrepreneur with more than ten years of experience in banking, insurance and finance. He is also a consultant specializing in blockchain and DeFi, particularly with regard to their multiple applications and implementations.
- A chartered accountant who is also a very active auditor with over 30 years of experience.
- From two corporate lawyers who have more than 15 years of experience at the Paris Bar.
- Managers specialized in the management of investment funds in euros and cryptos.
AgoraBank team members have experience building trading platforms and early crypto banks. As a result, the AgoraBank team fully understands Web3’s challenges to drive the new banking revolution. Co-founder Guillaume Antier explains: “We checked all the boxes of the requirements of a good crypto project so that users can form a community within the project“.
A 3.0 sofa that already works
You should know that many projects are presented to consumers without being functional. AgoraBank distinguishes itself from the competition because banking 3.0 is already operational with an audited platform. The latter, which was developed with our own resources, was launched within a few months thanks to the experience of the AgoraBank team, which has the technology in-house. In terms of regulation, the bank 3.0 works with the biggest players in the market for all the services available on its platform and can thus offer the greatest security to its users.
One goal: to make banking 3.0 accessible to everyone
AgoraBank’s goal is to give consumers today access to all products and services of the bank of tomorrow. Banking 3.0 facilitates access to blockchain technology and DeFi for the general public. For this, it has developed a unique blockchain platform that combines traditional finance and DeFi.
AgoraBank addresses the technological challenges facing the current banking system. It is positioned as a crossroads between the services of a neobank, a cryptobank and a decentralized exchange (DEX).
In addition, the consumer has access to all AgoraBank services anytime, anywhere via the internet. So decentralized banking is a huge opportunity for the unbanked population.
AgoraBank wants to give all these population groups easy access to banking services. According to the World Bank, approximately 1.4 billion people in the world, or 18% of the total population, do not have access to traditional financial services.
A banking platform that eliminates unnecessary intermediaries
One of the great benefits of blockchain technology is that it eliminates unnecessary intermediaries. Thanks to the decentralization enabled by blockchain technology, AgoraBank offers a complete service including traditional banking services and DeFi without the intervention of unnecessary intermediaries.
For example, the consumer does not have to have his transactions approved by a central authority before they are validated. This is the opposite of the traditional financial system or centralized exchanges that hold their customers’ funds and control all transactions. Thanks to its decentralized system, AgoraBank aims to restore user confidence, which has been shaken by numerous crises and financial scandals in recent years, especially after the many bankruptcies and closures of banks and centralized trading platforms.
To facilitate the removal of unnecessary middlemen, AgoraBank is working with like-minded partners in the DeFi and blockchain industry.
In addition, blockchain technology enables the AgoraBank platform to execute all transactions instantly while drastically reducing costs. Traceability and transparency are also guaranteed, as all transactions are recorded and accessible in the blockchain.
Finally, transactions on the 3.0 banking platform are governed by smart contracts, allowing them to be carried out in complete security. All this enables AgoraBank to position itself as a decentralized, transparent and secure bank.
A fully user-driven ecosystem
AgoraBank has decided to put the user at the center of its ecosystem. With the banking platform 3.0, the user is no longer the traditional customer who is forced to submit to the law of his bank without any possibility to challenge the decisions it has made. He is now a real player in this new banking system because he has real decision-making power. In this regard, Benoît Courtois, co-founder of AgoraBank, says: “AgoraBank puts the user at the center of its ecosystem by giving power back to them“.
In the decentralized banking system, users are the sole owners of their money through their cryptocurrency wallet. It is a radical way to break from the traditional financial system in which banks and institutions have absolute control over the funds deposited.
AgoraBank revolutionizes the traditional system as it works without holding the assets of its users. At the same time, it has decentralized governance (DAO) in which clients have the power to decide on the development of the bank. Finally, users have full control over their data and manage their assets confidentially.
A bank that offers a fairer and more equitable model
At AgoraBank, remuneration is transparent and fair, unlike the opaque model of the traditional financial system. Platform revenue redistribution is governed by rules written in the code. AgoraBank users can benefit from various products and services with transparent and fairly redistributed fees and commissions.
On the AgoraBank DEX, which is accessible for free, users can recover commissions thanks to the swaps performed. They have the option to deposit cash in cryptocurrencies that other users can trade instantly. They can also earn income like brokers, with no initial investment.
In addition, AgoraBank offers its clients decentralized trading (trading 3.0) in spot and futures. These have more than 50 cryptocurrency pairs available.
Bank 3.0 also offers the Agora Adventures solution to reward users’ involvement in the community. This solution provides a degree of citizenship whose evolution is based on the involvement and participation of the user. The different grades offer different benefits, including reductions in operating costs on the platform.
Finally, the platform has its own token which is deflationary. Specifically, the supply of tokens is limited to 300,000,000 AGO and the code includes a fire mechanism. All this is included in the white paper on the website of decentralized banking.
AgoraBank launches its new platform
To simplify the user experience, AgoraBank has just launched its new blockchain platform. The platform is a “one-stop-shop” that allows users to easily and quickly find all the traditional and DeFi financial services they need.
It must be said that AgoraBank wants to be a long-term reference in the field of decentralized crypto banks. With this in mind, the platform has a busy roadmap that includes: payment cards, launchpad, crypto lending, and tokenization of the stock and real estate market.
Bank 3.0 has deployed its platform on both the BNB Chain and the Ethereum network (multi-chain). She made sure to equip her AGO token with many use cases, namely: cashback, staking and DAO. Finally, AgoraBank will soon launch its mobile application on the Play Store and the App Store.
AgoraBank is modernizing and democratizing the traditional banking system to the delight of cryptocurrency enthusiasts and the general public. By applying Web3 and blockchain functionality to this system, clients can take full control of their finances. Bank 3.0 AgoraBank has given itself the means to carry out this banking revolution. Benoit Courtois said: “AgoraBank offers a revolutionary decentralized banking platform. We are building the bank of tomorrow by simplifying DeFi and blockchain and making it accessible to everyone“. This statement shows that AgoraBank is already firmly rooted in the 3.0 era.
It takes a lot of experience to develop a platform that combines institutional banking services and crypto platform services in one application. The bank 3.0 team has been working in complete discretion for several months now. Without marketing or advertising, the team has already managed to raise 2 million euros, directly on its platform. To take advantage of all the features of AgoraBank, you can access the new platform on the web page.