This is a quick blog post explaining the uses of the Agorz token.

The native currency on the Agorz application is the Agorz Token. It is the primary medium of exchange.

The Agorz blockchain allows users to store their tokens in a wallet. The token is built on the Etherium blockchain and will be distributed at the ICO. The Agorz Token is necessary to conduct transactions within the application. Agorz GOZ Tokens are based on ERC20 tokens, which are standardized tokens and use their functionalities for GOZ tokens. Therefore, once a service provider or customer makes a transaction between them, we can create a smart contract with GOZ Tokens and then transfer with our coins from customer to service provider.

In this case, the Agorz platform will have owner crypto hot or cold wallet to receive the fees between all transactions. For instance, customer pays 100 GOZ Tokens to Agorz, we should set the fee as 5 GOZ Tokens, and then the service provider can get paid 95 GOZ Tokens from that transaction throughout the smart contract.

Smart contract functionalities

It supports freeze, unfreeze, refund, defrost, transfer, receive, and set address. And it supports safeMath, getInvestments, getFreezeTokens and getNumberInvestors.

Also it has burning functionality for investors to get their funds back when we won’t reach hard cap, consequently granting users access to system infrastructures based on package terms.

Agorz Tokens will be created prior to the ICO, and they will be capped, meaning we are not able to create any more in the future.