12th April, 2018

Dear Community,

Many of your questions found an answer by our first Q&A blog post last week, but there is more! And now is time to add the missing piece for the puzzle.

Here we go!

PARTNERSHIPS

Q: Does Rivetz partnership mean that Agrello solutions will come with the requirement to install additional software before using them or the solution will be integrated into Agrello applications? A: Rivetz is preparing it’s SDK so it can be embedded in our technology.

Q: Is there any chance the E-residency ESTCOIN be released as an ILP? A: We can not say yes or know, time will show.

Q: How can you describe the current interest of local and foreign companies in Agrello, is it growing exponentially or is currently limited mainly to the announced partnerships? A: Yes, we have a queue of customers looking for integration, we select ones that reveal beauty and strengths of our technology, gradually we will move to other customers too. We have many projects in pipeline, which we cater yet. As we have very novel technology, each client needs more attention. Our development team is fully booked for months. Once the API is clean and the system totally stable, we can initiate mass deployment. This hopefully happens in summer.

AGRELLO SOLUTION/PRODUCT

Q: From the AMA on 21th of October 2017 Sergei Brezetsky answered that Agrello is planning to introduce its own blockchain based on Ethereum in next 3–6 months, we are currently in the 5th month since that post. Has Agrello continued on the declared intention of introducing own blockchain? If yes, what are driving factors for that move and when can that introduction be expected by the community? Such blockchain will mean own wallet, token migration, exchange wallet replacement for support of the new wallet and token security audit when we can get details on these? If this is the scenario can we consider that this was the reason for Agrello to manually process transaction up until now and delaying passing security audit or it is due to the safety to introduce MVP (with the platform) to pass utility test? In case there won’t be own blockchain what was the reason to quit that idea, will Ethereum be enough to handle Agrello operations or you are considering any alternatives? On the second explanatory video of KYC application Hando has already said that Agrello is researching on other blockchain possibilities, this looked to me like it denies the own blockchain statement or it’s something like a KIN approach to use multiple blockchains, one for financial transactions and other for exchanges for example? A: We are still working on our Platform and the blockchain. We investigate different scenarios of using agents with blockchain in the real world(business) and it takes more time to introduce our solution as it has been expected from the beginning. Basically, it’s our top priority direction. Right now, it’s not a time to think about the token audit, as we are still using Ethereum blockchain. Agrello community will be informed as soon as possible. Good point to get fresh news — check out our blog. At the end of Q1 we introduced technical update, which actually shows our progress and some of our plans: https://blog.agrello.org/tech-blog-q1-update-349ded870190.

We are researching different blockchain solutions. Ethereum transactions not always the best choice, because of transaction’s price and time of execution. Currently, we are are working on implementation of another provider, which is fully enough for our current requirements and even give some other extended possibilities in comparison to Ethereum. Meanwhile, we are able to use different blockchain solution for different projects. Stay tuned, soon we will write more about it via blog post.

Q: In the blogs you are mentioning that every service will cost certain amount of Agrello token, could you please explain to us where and how will be DLT be used in the Agrello ID application? A: DLT will be needed for signing documents, using the API we provide and for using the contract templates. The payment will be supplemented with conventional currency gateways.

Q: Have you finished designing the token economics?A: This is still in work and is prone to change even if we launch it, as it would also need some testing.

Q: Can Agrello assure it’s original contributors that the circulating supply will never be changed?A: Circulation supply will not be changed, unless it is something that the major part of the community requires it and it makes economic sense.

Q: When do you plan to push changes to the master branch, which is the major milestone after which source code will be made transparent?A: We do not have in plans open sourcing our core logic to the public, as this is important IP we keep to be profitable. However we will be releasing some code — like for 3rd party integrations, some tools we use that could be helpful for everyone. Great portion of source code will be released in the future in terms of blockchain smart contracts.

Q: Recently first atomic swap between ERC-20 and BTC token has took place, such technology allows ease of access and will for sure benefit mass adoption, is Agrello considering such options — example BarterDex of Komodo platform?A: Atomic swap is a very new concept. We are looking into it. Nothing to announce on that at the moment.

Q: How far are we from the moment when Agrello could be considered as one of the safest and most legally acknowledged crypto assets?A: We are already preparing certification based on European eIDAS regulation. This process would take at least a year.

Q: What is the current headcount in Agrello and has the burn rate increased significantly since the October 2017 AMA where Hando stated that the current burn rate was almost 100 thousand dollars per month in average? A: Since October, both of the metrics have doubled.

Q: Knowing the issues that blockchain related exchanges face, can’t Agrello be proposed as an all-in solution to manage the user verification processes? A: Yes, it can be. We are currently working on that and would be delighted to solve this issue for the exchanges, because then users do not have to make KYC in every different exchange.

MARKETING & COMMUNITY

Q: What is the current status of http://www.agrello.io becoming the official live webpage of the company? Why haven’t you integrated the old one up until now and leave only one? A: http://www.agrello.io is our official website that we use for our communication, the page will be updated constantly based on our solution and case stories. There are technical reasons for what we still keep the old website opened, concerning tokensale platform and withdrawals.

Q: What value do you see in having a community and what do you expect from the community? A: Support Agrello in our social media channels (share/comment/give feedback) & follow/share our news; pilot/lead ideas & testing our platform (check the blog post: https://goo.gl/6NXcvd); self-initiative communication in our channels (share/talk about relative content, share your know-how to newcomers etc..)

Q: Are there any news regarding the public official auditing? A: Not atm

Q: Based on the whitepaper Agrello main goal is to make SAC available to everyone, currently we see an approach where only big companies and organisations are targeted and standalone individuals are disregarded? Do you think your product can become sustainable if there is no community behind it? A: We have not discarded individuals. Pilot projects help us to improve and test our product in an efficient way.

Thank you for all the question you posted on Reddit! We were delighted to see so many comprehensive questions and your thorough understanding of our project. Next Q&A session will follow at the end of Q2, stay tuned!

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Agrello Team