6th of April, 2018

Dear Community,

It is time start with Q&A session second round and get those answers out. It was a long list of interesting and exciting questions you posted via Reddit! We divided the answers into two different posts.

Let’s go!

PARTNERSHIPS

Q: blockhive pilot ILP had issues and at some point, there was a statement that there were problems with the Agrello ID solution that have delayed the process partially. Were the problems fixed and did you make a plan how to not face such issue with future pilot projects? Aside from that is the partnership still healthy? A: The partnership is fully healthy. The first ILP was a test for not only our technology but for ILP as a funding structure. The small following was not solely because of some issues with our technology. New ILPs will have a much more fluid and usable Agrello ID tech.

Q: It was mentioned that there are many candidates for the tokenote.io in the pipeline, can we have some information of how many customers were attracted by it by now? A: We cannot share this information at this point. We will announce any new partnerships via blog post. Please stay tuned.

AGRELLO SOLUTION/PRODUCT

Q: What kind of storage solution is currently being utilized and planned to use for storing the templates or another type of signed and uploaded documents — is Agrello considering a blockchain solution or traditional cloud storage. To make the contract fully immutable they need to be stored on the blockchain and Agrello isn’t developing such solution as far as we are aware, so can we expect a possible partnership with the likes of Storj, Filecoin and so on? This was already mentioned on the starter roadmap, it was a clear sign such solution would be needed, what is the current status, do you have any development on it? According to the roadmap video, the uploading and signing documents platform should be available in the start of 2018, according to the latest KYC video it was shifted to early Q2, it should mean you have already covered this part or is it still subject to be changed? A: Currently decentralized storage solutions are still very experimental and have scalability issues. While we are considering them, we are also looking into novel cryptographic ideas on how to keep information in the cloud and process them while they are totally encrypted. Immutability, in this case, is provided by blockchain. Still, in this case, the unlikely possibility of destroying or damaging data exists. We are still looking into viable solutions. We start off with already proven cloud solutions supplemented by our own server systems and we will have the possibility for enterprise clients to use their own storage solution.

Q: On the current stage do you see any big challenges going forward and how do you plan on overcoming them? A: Mass adoption is definitely a challenge. That is why we are putting together world class growth hacking and marketing team to push through the barriers.

Q: Will Agrello token usage support fractions of it as BTC/ETH do or only whole tokens? A: Fractions will be available as well.

Q: Smart legal contracts can improve upon existing contracting practices by incorporating external data sources to provide real-time status about the performance of obligations and automating various legal, business, and operational practices such as giving notice of breach, issuing an invoice, and making payment.” Is Agrello developing own Oracles solution or it will use an external one, is this already in progress and can we expect it with the first part of the solution? A: We are looking at Oracles as part of our pilot projects. We are open to external providers to fulfill the role of Oracles and are looking into the maturity of existing solutions. Availability of Oracles will be driven by the priority of the relevant features.

Q: Can we expect a working product this year? Is Agrello first creating the product working 100% and then choose a platform to work with? Or is it searching for a platform to build on? A: Agrello ID and the platform for several features like digital singing, encrypted file sharing and logging into other services is projected for launching in summer. Smart contract technology development will hopefully have its first fruits in fall.

Q: Are you having any plans to release a new document that encapsulates the current product framework with the new technologies that were added over time? A: Yes, this is already in work. We will be releasing a next volume of the whitepaper, which will describe a deeper technical solution for concepts from the whitepaper published before.

Q: During the AMA in October 2017, Hando Rand gave this reply: “Our demand for tokens for the project will not acquire delta with lower prices than the sale, but slightly higher. Exact economics are still prepared.” When can we expect to see the exact economics? A: Not yet, we will share any update regarding this via our tech blog.

Q: Are you considering national currencies/EURO gateways to make the asset less volatile against ETH/BTC? A: We will have national currency gateways in our products, to top up DLT.

Q: Can the team give a date in stone when Agrello will be on any platform? As I understand Agrello still needs to find a platform? A: We have already integrated several customers, there will be more. Please check our blog frequently.

Q: Do you plan to make Agrello KYC technology available for desktop devices? A: With the platform launch and first services it is already available with desktop pc devices, however, a webcam is required.

Q: Will there be any bonuses for the users of the platform, like discounts based on usage or access to premium services? A: We are working on such incentive mechanisms.

Q: Is Agrello considering issuing any patents over SAC development? A: Currently no. In the patent we disclose the details, we prefer to keep the details and know-how private.

Q: Can we expect a sudden increase in upcoming product news? Related to it is the reason behind it connected with staff shortage and do you intend to expand it as of related positions? A: A bigger development team does not always mean quicker product releases. What we build is on a very high complexity level and it just takes time to get it together the amount of development staff at this point is less relevant. More product news will come in May.

Q: Could you point possible areas in which you can see your technology being used first massively? A: Accommodation, hire/leasing, IoT, mobile parking, finance services.

MARKETING & COMMUNITY

Q: How exactly are you going to market your product? Give an example. A: Product launch event; product promotion in different conferences; participation and Agrello promotion in hackathons; visibility package in technology and first-tier publications.

Q: Will the marketing campaign started as promised in the video — Q1 and if not, why the target wasn’t met? What will be the target audience of these promotions? A: We did not start a marketing campaign in Q1 as we worked with partnership projects and product development. We will focus on marketing campaign after we have finalized internal testing phase and a launch of our product.

Q: What is your general take on exchanges listing, the community is interested if you intend to start applying/paying for new exchanges after your platform is live and if that was the reason to not take any actions up until now, so these improvements will only serve as a mean for a wider exposure of your utility token? A: We are not excluding this, but no news regarding this atm.

Q: How is Agrello looking to the future? A: Answered by the blog post at 30th of March.

Q: What is the current status of the roadmap, there are few big points that are promised to be delivered in Q1. A pilot project with employment agreements, a pilot project with rental agreements and Enterprise Universal APIs. Also are there APIs only enterprise-wise or they can be used for all kind of applications? A: Answered by a blog post at 30th of March.

To be continued …

To learn more about Agrello’s other partnerships and projects, existing and upcoming, stay tuned here, subscribe to our newsletter, and join us on Twitter, Telegram or Linkedin.

Agrello Team