Craig MacGregor is one of the founders of NavCoin - a globally successful cryptocurrency that was first launched in 2014.

Craig architected and engineered NavCoin's Private Payment system which uses the NavTech sidechain to store and transmit encrypted payment data. NavTech is one of the key innovations which propelled NavCoin onto the world stage.

Alex joined NavCoin as a protocol engineer in 2016 and they started to plan how to overhaul and expand the capabilities of the NavTech sidechain to facilitate additional advanced payment features like escrows and private exchanges.

While planning this, they saw it would require interoperability with other blockchains and resolved to make it a public platform not restricted to NavCoin specific applications.

Through this process, Valence was born.