Agoras is a decentralized marketplace for digital goods and services that runs on its own cryptocurrency, AGRS. It was founded by the Agoras Lab in 2017 with a vision to create an autonomous market economy based on blockchain technology. The platform currently supports purchases of virtual items such as skins or game currencies, as well as digital assets like artwork and music files.
At the core of Agoras is the use of smart contracts which enable users to securely store their data and make transactions without relying on third-party intermediaries. All payments are made using AGRS tokens which can be purchased through exchanges such as Bittrex or Poloniex. Transactions are fast and secure due to being powered by Ethereum’s blockchain network.
The Agoras Marketplace has several key features making it stand out from other online marketplaces:
1) Zero Fees – Unlike traditional ecommerce platforms, there are no fees associated with buying or selling products via the marketplace; all transactions occur directly between buyer and seller without middlemen taking commissions along the way
2) Trustless Environment – Smart Contracts allow buyers & sellers to interact within a trustless environment where both parties can agree upon terms before any transaction takes place
3) Decentralized Governance – ADA (Agora Decentralized Autonomous Organization), governs governance decisions taken around rules governing interactions between traders in order for them unfold smoothly 4) Verified Listings – As each listing must be verified before appearing publicly available amongst other listings ensuring quality control over what type products/services appear in searches 5) Secure Payment Processing – Payments take place directly between buyer & seller allowing funds exchange hands safely at low cost compared traditional payment methods
