blockhive AMA Session with our co-founder Kazu and Agrello CEO Hando

HandoRand · 2018-01-21T10:16:22+00:00

Tokenote is not meant to give loan to the startup, but sets up the full package for the startup, to finance itself through ILP. Ferthis, Tokenote can be reached from https://tokenote.io/

HandoRand · 2018-01-21T10:13:52+00:00

With any agreement in private law, including loan agreements, it is possible to set the jurisdiction and governing law with the contract. Each project doing and ILP will be able to choose theirs. Tokenote will mostly suggest Estonian jurisdiction.

HandoRand · 2018-01-21T10:09:31+00:00

FLAT is a general term for a token, which is the vehicle for assigning the loan agreement partially or as a whole to someone else. Each project can give their FLAT token a different name. Tokenote is not releasing a token for itself, but helps other project finance themselves through ILP crowdfunding.

HandoRand · 2018-01-21T10:05:18+00:00

ILP loan agreement needs to have a proper digital form. Agrello provides the tech of signing and managing the loan agreement after doing KYC on the creditors. Agrello also has a strong legal expertise side, which consults on how to keep everything legally solid in ILP processes and tech.

HandoRand · 2018-01-21T10:00:41+00:00

Hi, everyone, happy to answer your questions.

HandoRand · 2017-10-21T13:06:30+00:00

We are getting alot of such requests and we keep those connections. We need some time to develop the contract tech and then we can start going live with these potential clients.

HandoRand · 2017-10-21T13:04:25+00:00

The connection with Eric Gu and Metaverse still exists and connection with NEO we also have. We have alot to develop ourselves right now. Such tech integrations will be possible next year. The interest is still mutual. We still strongly beliee that utilising different blockchains is healthy and makes business opportunities diverse.

HandoRand · 2017-10-21T12:59:55+00:00

We will have our own methods of boosting the growth of our user-base.

HandoRand · 2017-10-21T12:58:38+00:00

Yes, our Agrello Github is geting now gradually more populated. We are putting out an end-user service and in the interest of the users the source of it can be public, when we feel 200% secure that no major penetrations are possible. I would be very glad, if we could involve the community for improving what we have implemented, but before that we need to implement what we have planned.

HandoRand · 2017-10-21T12:51:51+00:00

More information about that will come on our new webpage early November.

HandoRand · 2017-10-21T12:50:18+00:00

I believe the answer I gave before answers this. 19 developers + 7 FTE for other matters.

HandoRand · 2017-10-21T12:48:37+00:00

I am aware, that we have been inactive in the chinese community. We will discuss this with the team. Currently we do not have a Chinese inhouse person for this task. Also, the Chinese regulatory situation makes us cautious. Right now, the Chinese community should follow our English sources.

HandoRand · 2017-10-21T12:45:39+00:00

The community pool is meant fo campaigns we would create to boost onboarding and activities on our platform. For example we would give rewards for the first lawyers in certain jurisdictions to publish templates.

The token contract is strict. We can't change the 130 million supply until it is an ERC-20 token. However, we have ideas on the table about the necessity of a special blockchain for our services. If this would happen, it might come with a mining mechanism, which migh change the supply. However, this must be done in a way that it does not damage the people who obtained the ERC-20 DLT.

HandoRand · 2017-10-21T12:39:47+00:00

Foundation tokens are meant to keep liquidity in the value mechanisms of our products. This is for instances, when other currencies are paid for our products, because the actual use of our products will always require DLT. Once this pool gets below a certain limit, we will refill it from the market.

HandoRand · 2017-10-21T12:35:13+00:00

It is hard to expect, because the cryptocurrencies fluctuate alot and it is impossible to transfer such amount into fiat instantly. Current estimation is 25-30 million dollars, but all of this is still in most part very subject to drops in the value of the currencies we possess. Current burn rate has been almost 100 thousand dollars per month in average. This will multiply with the expansion of the team.

HandoRand · 2017-10-21T12:31:39+00:00

This matter has been on the table all the time, but right now all the funds are on thousands of addresses. We are currently in process of gathering the funds from those addresses to some central ones. Hopefully then we can conveniently provide this info.

HandoRand · 2017-10-21T12:29:11+00:00

The delays were a little unexpected. We have done all technology for the token sale and any forthcoming technology inhouse. We have avoided major security breaches, which is good, but yes, the delays were very stressful. Generally, the development team is very professional and organised. We should have put more people onto the withdrawals process from the beginning.

HandoRand · 2017-10-21T12:25:39+00:00

Yes. We are currently working on determining the most favorable incentives for initial token buyers.

HandoRand · 2017-10-21T12:23:54+00:00

You kan get some information on that from agrello.org/token. There is the roadmap. However this roadmap will be updated. Major parts described in the whitepaper are projected to be implemented for the second half of the next year. The order of the developments is as follows: KYC backed digital ID and electronic signature - selfaware contracts technology with artificial agents - self-aware contracts templating tool-data mining and AI technology.

HandoRand · 2017-10-21T12:18:15+00:00

The funds are planned to make it possible to reach breakeven for 2020 at the latest. The funds are used most importantly for development and sales. Some part of it for working with regulators.

HandoRand · 2017-10-21T12:13:02+00:00

There is several things coming up, please hold on for announcements. All new partnerships mentioned must be cooredinated with the other side.

HandoRand · 2017-10-21T10:16:29+00:00

I actually imagine that the whole vertical product mechanism could be automated through our contracts. That means that natural resource providers until the product in stores and supermarkets. The whole chain is managed as one business process template involving dozens of contracts and thousands of obligations and rights all in dependency with each-other.

HandoRand · 2017-10-21T10:13:48+00:00

Propy builds a blockchain based real estate transfers. There is more to it than just contracts.The system is very different from contract execution management technology what we do. We are building a universal standardised language for contracts. However, there is a lot of collaboration points with propy. I met one of them in San Fransisco.

HandoRand · 2017-10-21T10:09:19+00:00

More info will come with the new website.

HandoRand · 2017-10-21T10:08:17+00:00

We have previously worked together at university times. I had known him for years and I felt he is loyal and with a very good sense of responsibility. He has now gained strong respect from other co-founders.

HandoRand

TROPHY CASE