They know exchange.

Innovative Digital Asset Trading Platform. Building Future Community-based Ecosystem

TOPSIX Lab prepared 2 versions of this interview. Just scroll down and select, which one is "yours". Short version - 1 min read and full version - 7 min read. We highly recommend to read it all.

SHORT VERSION (1 min read)

Сurrent crypto currency exchanges still has a long way to go. We hope that we can provide a comprehensive trading platform for our investors and users with focus on transparency, reliability and the speed of trade execution, which is our ultimate mission. By holding our tokens, our investors are entitled to get benefits from our platform. Our core team have 20 developers, which is just 1%-2% of some other exchanges. We are planning to launch three exchanges globally, Singapore, Canada, and the U.S.

Our investors don’t control our roadmap, we just provide a timely status. I do believe that overall market will be gradually moving into the proper regulatory framework with clear guidance and reporting requirements from local regulators, like what happened in Japan. In my point of view, the combination of crypto and blockchain technology is definitely promising. Get back to crypto and blockchain, it’s evolved extraordinarily fast already. I believe that it will be used widely.

FULL VERSION (7 min read)

Please explain idea of your project and which problem in real life it can solve?

Based on my experience in financial market for more than ten years, I have noticed the great importance of transparency, security, stability, and efficiency in the market. Due to the lack of these features, current crypto currency exchanges still has a long way to go. Thus, how to architect our trading platform based on the above features is our key purpose that drives us moving forward. We hope that we can provide a comprehensive trading platform for our investors and users with focus on transparency, reliability and the speed of trade execution, which is our ultimate mission.

Economic of tokens. How token will be used and why people will need your tokens?

By holding our tokens, our investors are entitled to get benefits from our platform; it can be used for transaction mining, paying commission fee and sharing in up to 80% of the platform’s transaction fee revenues.

What are your advantages compare with the competitors and why your algorithm is better?

With many years of Wall Street finance experience in building trading platform, our team is well versed in trading market and compliance requirements and know how to incorporate them in the system design and deployment. So, from the background and experience perspective, this would be one of the significant differences between our team and other platform teams – they would typically come from Internet and social media platform with website and community development background. In terms of algorithm, we are offering multiple protocols for the ease of connectivity based upon different user needs. We currently support RESTFUL and Web Socket APIs. Soon we will support standardized FIX connection and SBE high-performance interface which is more geared towards institutional users/traders with better streaming data and settlement process with other financial market players.

Which projects are your competitors and who do you think the strongest one?

There are quite a lot of crypto currency exchanges in the market now, I regard some of them as our competitors, not everyone, since very few of them work very well for the users and investors. Actually, there are two key problems that most exchanges suffer from, one is the technology barrier, even some exchanges attract lots of volume to their trading platforms, but they cannot handle such huge volume, which is a big issue. Hence, only people who has in-depth knowledge about trading system, they can build a robust system. The other is the token economics, controlling liquidity very well is another challenge that all the exchanges need to deal with. While the price decreases significantly, how to prevent the token price from collapsing, that is a very serious problem. So, for now, in my mind, CoinEx runs quite well so far. We aim to be another one.

Will you put your CODE into the GitHub and will your project be Opensource?

We have published API on GitHub.

How long did you work under the Project and how long the team is working with each other?

Just started from April, but we built up the team from our trust. Let me tell you something you may not believe, for the first few months, none of our team members were paid. They are all elites from Wall Street, with very stable and enviable jobs. And they just gave all these things up and joined me to take such a huge risk, just because of trusting us and the future of the project. So, you definitely can say that, our team is new, but built upon trust and beliefs.

How many code-developers will make CODE?

Our core team have 20 developers, which is just 1%-2% of some other exchanges, but our team has been definitely collaborating and working efficiently to support our whole system

Roadmap. What is going on? Are you in frames of Roadmap or faster or later than this? Do you have exact results which can be shown as a success?

We are planning to launch three exchanges globally, Singapore, Canada, and the U.S. In such an “Either make it or break it”industry, crisis happens all the time, but we lay out the global blueprint and move forward. What we expect to build up, is not just for a moment, we are aiming to build to last.

If during the job you are bumping up with the insurmountable obstacles, what will you do? Do you have PlanB?

We always have a PlanB. Working in such a “high-risk, high reward” industry, PlanB is our backup strategy to mitigate risks and protect our investors.

If during the work your team will find much more perspective solution, who will be different from the previous idea of the Project, what will you do?

For the whole roadmap, we are very clear and do actions step by step from the beginning, nothing will be different. But specifically, we learned a lot from upgrading our website indeed. We do have lots of experience and confidence in building trading systems, but we underestimated the difficulty and the importance of building a comprehensive website system, especially for the user experience. Website development have lots of detailed design that affect users’ experience somehow. So, we are continually working on the development of our website.

Do you have marketing plan of promotion project/product when it is ready?

We have lots of resources and channels to promote our platform, we both have traditional media resources and digital media resources. These resources do not only come from ourselves, but also come from our investors, which is our greatest resources and helps us a lot. That’s why we care about all our investors and put their needs first.

What actions do you plan to involve huge amounts of new users and push them use your product instead of Centralized competitors?

We have launched two rounds of “Referral Reward” Program, which we hope to drive lots of new users to our platform. Also, our trading system is based on traditional large-scale trading architecture, which is different to most competitors, so that users will have a smoother and more efficient trading experience.

How do plan to organize interactions with your main investors (VC)? Will they control RoadMap weekly, for example, or helping to some other things daily? I mean not in Financial or Investing way.

For the main investors, they don’t control our roadmap. We provide a timely status update and make sure they are on the same page as us.

Why do you think, so strong investors (VC) are investing to the Project, and why they choose you?

Our roadmap is designed and laid out based on the current status of crypto market. Based on market analysis, our trading platform is architected by seasoned Wall Street executives and financial professionals with in-depth exchange and trading experience, instead of technologists which is often the case. Also, we plan to align the business setup with a robust security exchange in anticipation of potential regulatory requirements. This would differentiate us from our competitors.

What do you personally think of the development of the total Crypto market?

The current status of crypto market is still a mess. This market is highly fragmented yet still evolving. There are many forms of localized competition. Some exchanges are involved in crypto capital raising, broker trading, and other services. These exchanges have limited market depth and liquidity, lack of clear regulation framework and guideline. But I do believe that overall market will be gradually moving into the proper regulatory framework with clear guidance and reporting requirements from local regulators, like what happened in Japan. That is also the reason why I left Wall St and built up this trading platform.

Do you think that after some time, every person will use Crypto and Blockchain, like now everybody using Personal Computer or Smartphone? Why do you think so?

In my point of view, the combination of crypto and blockchain technology is definitely promising. It has several unique features, which didn’t exist before, such as decentralization may boost financial freedom globally. Irreversible and traceable features can also support asset security. Maybe it’s not likely going to be as general as smartphones, however it will still be used widely someday in the future.

Please tell me 5 the most respectable and strong persons in the Crypto community? Do you know them personally or only by interview and articles?

There are lots of prestigious influencers in the Crypto community that invests in us. Some of them are our advisors, I know them personally for sure, like Diddy Carter, Bobby BooShay, etc. And some of them just heard about us, and have promoted us through interviews and articles, which I appreciate a lot.

What's missing in Crypto industry for the big money to come from the biggest investors (like Buffet, Wall Street and so on) all over the world?

Just like I answered in the previous question, the current market is still fragmented and evolving.

What's missing in Crypto industry for the total acceptance of all people in the world? What should happen with Crypto products to be widely used by the most people in the world?

Actually, I think it takes time. Looking backward, all innovative ideas or matters take time to be accepted by people, so that’s extremely normal. Get back to crypto and blockchain, it’s evolved extraordinarily fast already. I believe that it will be used widely.