The best of the Oct. 20th AMA

Last week, Agrello held a 24 hour AMA on their Reddit channel that resulted in a very engaging and successful dialog between the Team and the Community. Nearly 100 questions were posted in the week preceding the event, which was very valuable for the team to see what our community is concerned about!

Agrello CEO Hando Rand during the AMA

Here’s a selection of some of the best ones!

The original whitepaper was very academic and focused on the rental use case. It seems you are now becoming more adaptive and focusing on business opportunities. Are you planning a revised whitepaper or vision document? How are you improving on the original whitepaper?

The use-case in the whitepaper can still stay, because the tech projected there is meant to cover all other use-cases. However, I agree, it would be good to provide some business focused document projecting the plans of business development. That is true, to be a healthy business, we need to adapt with market situation and opportunities constantly.

Explain DELTA token functionality with more clarity and how its token value will be protected? When a user uses a contract template created by Agrello and not a third party, and the tokens are purchased from the exchange for its use, what happens to the token after use, and to whom does it go to? What is your role in helping establish Estonia as a Blockchain Hub?

This article describes the token model. Templates posted by Agrello will probably be with a lower fee or even for free, as this is not the main purpose of Agrello’s activities.

In Estonia we are very well connected with the legal community and authorities. We are active in a new initiative to steer the regulation in a better direction for cryptographic assets in Estonia and the European Union. We are also connected with accelerators and VC investors, with whom we have plans to boost blockchain startups. We are also acquiring a bigger office the next year, which would also host other interesting blockchain projects here in Tallinn.

How many devs are there on the team now?

19 full time working people.

Why switch focus to do the kyc thing? I feel like you guys trying to achieve many targets at the same time and i don’t think it’s efficient and the market agrees.

We could not find any global ID provider from the market. We have a very good tech and service provider for the KYC. With adding the ID and signature mechanism, this becomes complete. Contracts can’t be legally binding without it. Currently the team is focused on both, the ID part and Self Aware agreements. The ID part is crucial for also the smartness part. In reality the ID system build is not that resource consuming as we have a team who has worked on the Estonian digital identity and we know exactly what we are doing. Our focus on the contracts is not distracted and our progress is not delayed in any way.

Are you planning to improve your PR management and your marketing?

This matter is constantly under discussions internally. Our general plan is to switch to more product focused marketing and we are at the bring of releasing the first product module, which will bring more thorough marketing. We have successfully implemented the weekly updates to let you know about the happenings and updates within the week. We are also preparing a new website for the early beginning of November with new information and updated roadmap.

How long till beta completion?

We are finalising our Identity and digital signatures framework and it will be ready for integrations the next month. Public platform for blockchain based digital signing is projected for December. Self aware agreements development is already in progress, however it is some very complex technology. We will release more features of this technology since the very beginning of the next year. We believe that the core part of this development can be completed in the middle of the next year.

Does a company have to buy Agrello templates just once or several times?

Templates put up by the community will cost per use. The fee will be determined by the template creator. The idea is to create standard service package for the legal services industry. Such packages are not yet available in the legal services sphere.

How many company are you currently in discussion or approaching for applying Agrello’s smart contract into their business?

I can count 7 pilot projects in timeline and many other leads on potential customers of the ready made product. All our co-founders are in talks with some leads. I am not totally up to date with all of them.

If Agrello can be used with any coin, what is the incentive to buy DLT ?

Any other currency that is paid to use Agrello, will have its value transmitted into DLT.

All in all, it was a great exchange of questions and answers between Agrello and the community. The team has promised more AMA’s in the future, including another video broadcast. Stay tuned for more, and as always, thank you for all your support!

The Agrello Team