Agate
- Company typePrivate
- Founded2017
- HeadquartersNorth Sydney, Australia
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
Agate firmographics
Firmographics- Name
- Agate
- Legal name
- Agate
- Website
- https://agatechain.org
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Agate industry classification
Industry- Product category
- Blockchain Payment Infrastructure
- NAICS
- Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service) (FSAMAEAI)
Keywords
Where Agate is headquartered
LocationHeadquarters
- HQ city
- North Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Agate business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- AGT Token Sale: Initial Coin Offering (ICO) with 318,500,000 AGT tokens (65% of total supply) sold at 1 AGT ~ $0.076 USD. Soft cap of $2M, hard cap of $24.2M. Pre-ICO minimum contribution $60, max $60,000.
- Transaction Fees: Fixed transaction fee of 0.01 AGT per transaction on the Agate blockchain. Designed to prevent spam attacks while enabling micropayments.
- API Suite Fees: Pricing schedule involves different API call limits where customers deposit minimum AGT tokens as credit and continue depositing while using the system.
- Token Generator Fees: One-off cost of 50 AGT coins for generating reissuable or non-reissuable tokens through the token generator engine GUI or API.
- POS Terminal Fees: One-off fee in AGT token plus small monthly fee in AGT for terminal maintenance. No lock-in contracts or exit fees.
- Card Loading and Virtual Goods: Commission from instant card loading onto virtual or physical debit cards. Commissions from selling virtual goods (phone charge, iTunes, Google Play, Skype credit) on POS terminals.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | One time | ICO Token Price |
| Transaction based/ take rate | Pay-as-you-go | Transaction Fee |
| One time/ perpetual license | One time | Token Generator |
| Subscription | Monthly | POS Terminal |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels10 records
Agate product offering
Product offeringCore offering
Agate (AgateChain) operates a proprietary decentralized blockchain platform with 12 interconnected modules (mobile wallet apps, merchant app, physical POS terminals, payment gateway API, e-commerce plugins, iFiat stable-token ecosystem, token generator, AI trading bot, block explorer) that enables instant crypto payments settled in fiat-pegged tokens to eliminate volatility for users, merchants, and developers. The AGT utility token powers transaction fees (0.01 AGT), token issuance, POS maintenance, and API usage across the ecosystem.
Product overview
Agate is a complete decentralized blockchain cryptoeconomy platform consisting of 12 functional modules unified by the AGT token. The core infrastructure includes the Agate Blockchain (proprietary high-speed, low-fee blockchain with Proof of Stake mining and smart contract capability) and the iFiat Ecosystem (fiat-pegged stable tokens like iUSD that eliminate crypto volatility). User-facing products include a Multi-Currency Mobile App (supporting Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple with 17+ coins planned) with integrated AI Trading Bot for optimal exchange rates, and an AI Engine providing ML-driven trading recommendations. Merchant solutions include the Merchant Mobile App (enabling instant fiat-value receipts within 3 seconds, handling 6,000 transactions/minute) and Physical POS Terminal (with NFC support, 0% fees, and borderless operation). Integration products include the Payment Gateway API and E-commerce Plugins (11 platforms including WooCommerce, Shopify, Magento, covering 76% of online stores). The API Suite provides white-label solutions for developers, and the Block Explorer enables public transaction tracking. All modules are interconnected through the AGT token, which fuels transaction fees, token generation, POS mining, and API access.
Differentiator
Problem solved
Functional benefit
Brands
- AGT Token: Cryptocurrency token powering the Agate ecosystem with over ten sustainable utilisation and revenue streams
Products and services
- Agate Blockchain A proprietary decentralized blockchain platform designed for instant payments without volatility risk, featuring high transaction speed, very low fees (0.01 AGT fixed), scalability through microblocks and key blocks, smart contract capability, Proof of Stake mining, and a built-in token generator engine. Serves as the foundational infrastructure for the entire Agate cryptoeconomy ecosystem.
- iFiat Ecosystem A fiat-pegged cryptocurrency ecosystem where stable tokens (iUSD, iEUR, etc.) operate on the Agate blockchain to resolve volatility issues. Each iFiat unit is backed 1:1 by corresponding fiat currency, enabling real-time, economical transactions while protecting value for users and merchants. Initially runs on iUSD with planned additions for EUR, GBP, JPY, and AUD.
- Mobile App for User A multi-currency cryptocurrency wallet application allowing users to deposit, manage, and transact with multiple crypto assets (Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple). Users can instantly convert crypto to iFiat tokens at optimal exchange rates using the AI engine or manually, and spend funds via virtual or physical debit cards at over 30 million stores worldwide.
- Mobile App for Merchant A merchant-facing mobile application that enables merchants to accept cryptocurrency payments instantly without bearing market fluctuation risk. Merchants receive the exact fiat value in their wallets within three seconds, supporting up to 6,000 transactions per minute. The app integrates with the Agate iFiat ecosystem.
- Physical POS Terminal A hardware point-of-sale terminal available in mobile and physical store variants, featuring borderless global usage, 0% transaction fees, instant 24x7x365 settlement, secure blockchain-based transactions with traceable TX IDs, no lock-in contracts, NFC/RFID contactless payment support, and virtual goods sales capability.
- Payment Gateway API An open-source REST API available on GitHub that enables anyone to create a cryptocurrency payment gateway within the Agate iFiat ecosystem. Allows online merchants to accept cryptocurrency payments through simple integration, resolving concerns about market fluctuation and integration with traditional online shops. Targets over 76% of online stores through plugins for top ten e-commerce platforms.
- API Suite (White-label) A comprehensive REST API Suite designed as a white-label solution for income generation and customer acquisition. Features multi-function security patterns and allows anyone to use Agate as infrastructure to build custom applications. Includes a token generator engine for creating reissuable or non-reissuable tokens for ICOs, gift cards, loyalty programs, or fiat-pegged tokens at a cost of 50 AGT coins.
- AGT Token The native utility token of the Agate ecosystem with a total supply of 490,000,000 AGT (318,500,000 AGT offered for sale at 1 AGT ~ $0.076 USD). Token operates on the ERC20 Ethereum blockchain standard. Used to pay transaction fees (0.01 AGT per transaction), token generation (50 AGT), POS mining (minimum 50,000 AGT to participate), API Suite credits, and monthly maintenance fees.
Quantifiable outcome
- Settlement in less than 3 seconds vs traditional systems taking days
- +4 more outcomes
Companies that use Agate
Customer profileSegments4 records
Ideal customer profiles3 records
Agate technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration17 records
AI capability5 records
Feature6 records
Agate partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor.
- EngenesisminorPortfolio company with branding visible in Agate's backed by section. Hamed Taghvaei serves as Business Commercialisation advisor on Engenesis Startup panel.
- IntercashminorPartner in backed by section, potentially involved in card/international payment services.
- BlocketominorPartner in backed by section, potentially related to card/financial services distribution.
- AM Advisory PartnersminorAdvisory partner in backed by section providing advisory services to Agate.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Agate competitors and assessment
Company assessmentDirect peers
- Ripple: Ripple's XRP Ledger and RippleNet directly target the same cross-border and merchant crypto-payments use case as Agate, with very low per-transaction fees and near-instant settlement. Agate explicitly cites Ripple as an architectural influence for its consensus and block-time design.
- Stellar Development Foundation: Stellar is a payment-optimised blockchain with built-in anchor/token issuance features (very similar to Agate's iFiat and token generator). Both target remittances and merchant settlement with stablecoin-style assets.
- BitPay: BitPay is a crypto payment processor that lets merchants accept Bitcoin and stablecoins with instant fiat settlement — the exact pain point Agate's iFiat + POS terminal is built to solve. Same target customer (merchants), same product wedge (eliminate volatility).
- Coinbase Commerce: Coinbase Commerce offers crypto payment acceptance with stablecoin settlement and e-commerce plugins/integrations, directly overlapping Agate's payment gateway and 11 e-commerce plugins.
Broad incumbents
- Circle (USDC): Circle issues USDC, the dominant regulated USD stablecoin, and runs payments/treasury infrastructure for businesses. Overlaps with Agate's iFiat stablecoin model and merchant settlement value proposition at a much larger scale.
- Tether: Tether's USDT is the largest fiat-pegged token globally and is the de-facto settlement asset for crypto commerce. Agate's iFiat is a conceptual analogue at a vastly smaller scale, with native blockchain integration.
- Crypto.com: Crypto.com combines a crypto wallet, a Visa debit card usable at 30M+ merchants, POS/payment processing, and its own chain (Cronos). Agate's wallet-plus-debit-card-plus-POS bundle mirrors the same multi-product crypto-payments strategy.
- Paxos: Paxos is a regulated blockchain infrastructure platform issuing PAXG, USDP, and running Binance's BUSD, plus enterprise settlement APIs. Direct overlap with Agate's white-label API Suite and fiat-pegged token positioning, but with NYDFS regulation.
Emerging players
- Binance Pay: Binance Pay enables merchant crypto acceptance with zero fees across the Binance user base — directly threatening Agate's 0% merchant fee pitch and using BSC as the settlement layer rather than a proprietary chain.
- Solana Pay: Solana Pay is a low-fee, near-instant crypto payment protocol with merchant plugins and stablecoin settlement (USDC). It is a newer-generation competitor to Agate's payment gateway with a much larger developer ecosystem and higher throughput claims.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights6 records
Customer concentration
Agate social profiles
Digital presenceAgate financial estimates
Financial estimateRevenue estimate
Valuation estimate
Agate leadership team
Management profileNumber of profiles
Profiles13 records
Agate funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Agate M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Agate
What does Agate do?
Agate (AgateChain) operates a proprietary decentralized blockchain platform with 12 interconnected modules (mobile wallet apps, merchant app, physical POS terminals, payment gateway API, e-commerce plugins, iFiat stable-token ecosystem, token generator, AI trading bot, block explorer) that enables instant crypto payments settled in fiat-pegged tokens to eliminate volatility for users, merchants, and developers. The AGT utility token powers transaction fees (0.01 AGT), token issuance, POS maintenance, and API usage across the ecosystem.
Is Agate a public or private company?
Agate is a private company. It is classified as venture growth investor backed and is currently operating.
When was Agate founded?
Agate was founded in 2017. It employs 11 to 50 people.
Where is Agate based?
Agate is headquartered in North Sydney, Australia, in the Oceania region.
How does Agate make money?
Six revenue lines are on record. AGT Token Sale is the primary driver. The others are transaction Fees, API Suite Fees, token Generator Fees, POS Terminal Fees and card Loading and Virtual Goods.
Who are Agate's main competitors?
Direct peers on record are Ripple, Stellar Development Foundation, BitPay and Coinbase Commerce. Broad incumbents are Circle (USDC), Tether, Crypto.com and Paxos. Emerging players are Binance Pay and Solana Pay.
Does Agate have an API?
Yes. Agate Gateway API is an open-source REST API that enables anyone to create their own payment gateway within the Agate iFiat Ecosystem running on Agate blockchain. The API Suite is designed on REST API standard with multi-function security pattern, serving as both an income generation stream and white-label solution for AGT token holders and partners. Pricing involves different API call limits with minimum AGT token deposits as credit. The comprehensive API Suite also includes a token generator engine that lets individuals, businesses, or developers create customized internal digital currencies or tokens for ICOs, gift cards, loyalty programs, or fiat-pegged tokens. Token generation has a one-off cost of 50 AGT coins, with fixed transaction fees of 0.01 AGT after issuance. Developer documentation is at github.com/AgateChain.
What industry is Agate in?
Agate's product category is Blockchain Payment Infrastructure. Its primary akta.pro industry code is FSAMAEAI, Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service). Its NAICS code is 523210 and its SIC code is 6200.