Agoric PriceBLD

What is Agoric (BLD)?

Agoric (BLD) is a Cosmos-based proof-of-stake layer 1 blockchain designed to unlock seamless DeFi through a coordination layer known as Orchestration. The project's mission is to make web3 usable, composable, and automated for everyone. Agoric is built to solve fragmented liquidity by enabling users to execute actions across different blockchains with a single signature, an approach known as intents-based orchestration. The network's native token, BLD, secures the chain through proof-of-stake consensus and serves as the fee and settlement token for multi-block, cross-chain operations. BLD also powers governance, allowing holders to vote on fee parameters, surplus allocation, and network upgrades. Agoric launched its public chain on Nov. 11, 2021, and the project is developed by Agoric Systems, the core development company, alongside the Decentralized Cooperation Foundation (DCF) as its foundation partner. As of Q4 2023, the total supply was reported at 1,060,000,000 BLD, with a circulating supply of 649,159,296 BLD. The project continues to build out its orchestration infrastructure and cross-chain DeFi applications.

Key Specifications & Tokenomics

• Name: Agoric
• Ticker / Symbol: BLD
• Blockchain / Platform: Cosmos-based proof-of-stake layer 1 blockchain
• Consensus Mechanism: Proof-of-Stake (PoS)
• Contract Address: agoric1
• Official Website: https://agoric.com/
• Whitepaper: https://agoric.com/whitepaper
• Explorers: www.mintscan.io
• Category / Tags: Cosmos Ecosystem, Spartan Group, Coinlist Launchpad
• Total Supply: 1,060,000,000 BLD (as of Q4 2023)
• Self-Reported Circulating Supply: 699,532,162 BLD
• Circulating Supply: 649,159,296 BLD (as of Q4 2023)
• Max Supply: Not specified
• Token Sale: 25M BLD on CoinList, announced Dec. 22, 2021; tokens unlocked on or around Nov. 1, 2022, followed by a 12-month linear release
• Rating (CertiK): 3.8

Who created Agoric?

Agoric was founded by Dean Tribble, Mark Miller, Bill Tulloh, and Brian Warner. Dean Tribble serves as Co-founder and Chief Executive Officer and is known for his work in secure distributed systems. Mark S. Miller is Co-founder and Chief Scientist and was previously a Google research scientist. Bill Tulloh and Brian Warner are also listed as Co-founders. The team page on the official website lists Dean Tribble as Chief Executive Officer, Michael Jablon as Chief Operating Officer, Mark S. Miller as Chief Scientist, Iulia Mihailescu as VP of Marketing, and Niv. The project's organizational structure includes Agoric Systems, the core development company that leads protocol development and ecosystem growth, and the Decentralized Cooperation Foundation (DCF), Agoric's foundation partner.

How does Agoric work?

Agoric operates as a Cosmos-based proof-of-stake layer 1 blockchain that powers Orchestration, an automation layer for executing complex workflows across chains. Orchestration coordinates smart contracts, tokens, and time-based triggers to run seamless multi-chain operations with precision and control. Smart contracts communicate, coordinate, and execute across any blockchain through IBC and beyond, eliminating the need for manual bridging and reducing fragmented liquidity. The network employs an object-capability (OCAP) security model rooted in hardened security principles such as the Principle of Least Authority (POLA). Agoric's Hardened JavaScript technology powers MetaMask Snaps, expanding the wallet's capabilities to over 50 blockchains. This use of Hardened JavaScript also opens smart contract development to mainstream developers already familiar with JavaScript. Intents-based orchestration allows users to execute actions across different blockchains with a single signature, simplifying cross-chain interactions.

What makes Agoric unique and valuable?

Agoric distinguishes itself through several core innovations. It is among the first to introduce intents-based orchestration, solving for fragmented liquidity and allowing users to execute actions seamlessly across different blockchains with a single signature. The project's architecture is rooted in hardened security principles like the Principle of Least Authority and object-capability patterns, providing security by design. Agoric's Hardened JavaScript technology powers MetaMask Snaps, a feature that expands the wallet's capabilities to over 50 blockchains, showcasing the project's secure innovation in practice. By using Hardened JavaScript, Agoric opens up smart contract development to millions of mainstream developers already familiar with JavaScript, supporting developer adoption. The Orchestration layer provides automated execution of complex multi-chain workflows, true interoperability through IBC and beyond, and an object-capability security model that protects assets. Agoric's cross-chain DeFi command center, Ymax, unifies fragmented DeFi into a single control center where users retain custody of their assets and can see every yield source and protocol interaction.

What is Agoric used for?

BLD, the native token of Agoric, serves multiple essential functions within the network. It secures the Agoric chain through Proof-of-Stake consensus and contract stakes, ensuring resilient and trustworthy orchestration across chains. BLD executes transactions as the native fee and settlement token, powering multi-block, cross-chain operations with simple postage fees for users and funded purses for contracts. The token governs the future of orchestrated finance, enabling holders to vote on fee parameters, surplus allocation such as burns or yields, and network upgrades for sustainable growth. BLD enables staking, voting, and governance in the Agoric network, allowing users to stake and earn rewards while supporting the network's security. As an orchestration execution token, BLD allows users to pay lower transaction fees, and as a governance power, it lets holders vote on future developments to shape the platform's growth.

How Is the Agoric ecosystem developing?

The Agoric ecosystem is centered on cross-chain DeFi and orchestration infrastructure. Ymax is a cross-chain DeFi command center currently in Early Access that orchestrates capital across chains, keeps assets in user custody, and provides transparency on yield sources. Agoric's Hardened JavaScript technology powers MetaMask Snaps, expanding the wallet's capabilities to over 50 blockchains. The Orchestration layer serves as a coordination layer enabling secure, one-click cross-chain experiences, while IBC connectivity allows the network to connect to any blockchain through IBC and beyond. Agoric Systems is the core development company building user applications and driving adoption of the network, and the Decentralized Cooperation Foundation (DCF) serves as Agoric's foundation partner. The project continues to develop its automation layer for executing complex workflows across chains, coordinating smart contracts, tokens, and time-based triggers for multi-chain operations.

How to mine Agoric?

Agoric does not use traditional mining. Instead, the network relies on Proof-of-Stake consensus, where BLD holders can stake their tokens to help secure the chain and earn rewards. Staking BLD supports the network's security and enables participation in voting and governance. BLD is used to secure the Agoric chain through Proof-of-Stake consensus and contract stakes, ensuring resilient orchestration across chains even in volatile markets. Users who stake BLD can earn rewards while contributing to the network's security. Locked tokens may be staked, and BLD tokens received from staking are unlocked. To participate, users need to acquire BLD and delegate it to validators on the Agoric network. Staking also grants governance power, allowing holders to vote on fee parameters, surplus allocation, and network upgrades.

How to keep your Agoric Coin safe?

Keeping BLD safe requires attention to custody and security practices. Agoric's architecture is rooted in hardened security principles like the Principle of Least Authority and object-capability patterns, which are designed to protect assets. Users should store BLD in wallets that support Cosmos-based assets and consider using hardware wallets for additional protection. When interacting with cross-chain applications, users should verify that assets remain in their custody and authorize every action, as emphasised by the Ymax model where the platform never takes possession of assets. Every yield source and protocol interaction should be visible so users know exactly where returns come from. Users should also be aware that crypto markets are highly volatile and that Agoric's price has fallen significantly from its all-time high. Limited market activity and low liquidity have been noted, so users should exercise caution and conduct their own research before trading or staking.