Agoras is the cryptocurrency of Tau’s decentralized blockchain social network. If you haven’t heard about Tau yet, it is the first-ever platform that will be able to take the thoughts, advice, and knowledge of its users and update its own software in real-time by having its users write in languages that both machines and people can read and understand. This allows Tau’s logic-based AI engine to understand what people say on the platform, connect all users’ ideas and thoughts and perform the updates users really want, giving all users control over what the software does and how it evolves at any scale.
On Tau, your profile is called a Worldview. It holds all your ideas, thoughts and knowledge. You specify your thinking in logic based languages so that people and Tau can understand, which look very much like normal languages you write in every day. The consensus of everyone’s Worldviews is detected by Tau which gets turned into specifications for how Tau should work. Tau then updates its own code based on the specifications, bringing you the ability to create a new digital universe that you all control. The innovation of user-control will also be reflected in the Agoras cryptocurrency.
Cryptocurrency run by its users
The Agoras cryptocurrency will represent the value of everything you may want to sell or buy over the Tau network, from global knowledge to computer resources. By participating in discussions over Tau and updating your Worldview as a byproduct, you will be able to collaboratively and continuously influence every aspect of Agoras tokenomics, making it the first cryptocurrency fully run and amendable by its users.
Versatile utility of Agoras
The power of Agoras lies in the ever-growing assets of the Tau economy. As you participate in discussions over Tau, you grow the knowledge in your Worldview and can choose to make aspects of it accessible in Tau’s network. All of your knowledge will be available for you to monetize by selling and renting to other users, or even trading it for other assets in Tau’s economy.
Knowledge monetization on Tau will be much easier than the current conventional way of monetizing knowledge where you have to manually spend time giving elaborate consultations, or answering specific questions. Since Tau will detect that even a piece of your knowledge can be part of the solution to someone’s problem, it will allow you to intelligently combine the knowledge of multiple users to create solutions to significant and complex problems. This will guarantee that the acquired knowledge matches the buyer’s specifications 100%. You might not even be aware that you have a piece of knowledge someone is seeking, but you might still benefit from it because Tau will understand what knowledge is needed and can advertise the solutions to others who need it.
Selling knowledge will not be the only means to earn Agoras. You will also be able to make the resources in your smartphone, laptop, and tablet such as a CPU, hard drive, GPU, and memory available to trade and rent for Agoras and other assets in Tau’s economy. While selling a fraction of your CPU in traditional markets might be extremely challenging, in Tau’s economy, fractions of your computer resources can be monetized and combined with the resources of billions of people’s computer resources, easily surpassing the power of all the servers of the biggest tech companies.
On top of knowledge and computer resources, Agoras will be used in Tau’s derivatives market that will feature financial instruments such as futures and options, and a unique ability to receive risk-free interest without inflation in the Agoras token supply.
Automatically tailored deals
Because you can specify your personality to the network in a way that the system can understand, it greatly improves deal-making. Tau will be able to automatically represent you and operate according to your Worldview, taking into account your philosophies, ethics, and desires. This means it can automatically determine the best possible deals for you and provide you a competitive edge in the market. This feature, called Autonomous Representation, will enable you to automatically and intelligently bargain with your Agoras, computer resources, and financial assets.
For example, on Tau, you will be able to get a deal or outcome you desire without figuring out how to get it. All you have to do is tell Tau your desired outcome and it will instantly create a deal-to-deal pathway that will ultimately exchange the goods you have, for the goods you want. Tau’s platform’s revolutionary Logic AI engine can automatically and autonomously handle every transaction involved.
Tokenomics: Your needs taken into account
Transaction fees, consensus mechanisms, supply minting or burning, token-based voting mechanisms, and creative incentives for all users – everything in Tau’s economy can be invented, proposed, and reorganized by simply talking about what you would like it to be.
Your thoughts on how the world’s economy should function is in constant change, and as such, Agoras will ensure that its economics account for your Worldview, evolving with your wants and needs.
Learn more about Agoras and Tau
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