Cryptoexchange

Ep. #24: Decentralized CryptoBanking with Alex Wearn (CEO Aurora/IDEX)

Aurora is a decentralized financial platform with IDEX, a hybrid decentralized exchange, as its first product. Subsequent products will include margin lending on the hybrid exchange and a stablecoin to support the Cryptocurrency bank (called Decentralized Capital)

Our guest for this episode is Alex Wearn, CEO of Aurora DAO. He has previously worked with IBM and Adobe and is a graduate of Kellogg School of Management.

Tune in to hear about:

  • Alex’s background, introduction and journey in crypto
  • What is Aurora? (Decentralised financial institution)
  • Problems with the current financial system that Aurora is trying to address
  • Concept of free banking
  • Bundling of stable coins: https://www.tokensets.com/
  • 1st product of Aurora ecosystem – IDEX which is a hybrid centralised/decentralised exchange
  • Decentralised aspect – custody and settlement
  • Centralised aspect – dispatch of trades to the blockchain
  • Liquidity providers / market makers on IDEX?
  • Key challenges during setting up IDEX and how they were overcome – acquisition of users, operating on Ethereum network
  • Fee structure on IDEX
  • ETH gas prices – https://ethgasstation.info/
  • Understanding Mempool (pending transactions) – https://99bitcoins.com/what-is-bitcoin-mempool/
  • Margin lending on IDEX
  • 2nd product of Aurora ecosystem – Cryptocurrency bank (Decentralised Capital)
  • Stablecoin (Boreals) and how it’ll work
  • AURA token – staking token of IDEX network
  • IDXM token – membership token (3 years of free trades) to bring forth revenues for the company
  • Daily trading volume – highest was about 20-25m, average is 3-7m
  • Aurora’s roadmap
  • Views on the Blockchain and Cryptocurrency ecosystem in general
  • Website: https://auroradao.com/
  • Twitter: https://twitter.com/Aurora_Dao
  • Discord: http://bit.ly/AuroraDiscord 

Ep. #17: Cryptocurrency Aggregator with Sharan Nair (SVP Marketing & BD CoinSwitch)

CoinSwitch is a Sequoia backed cryptocurrency aggregator. A cryptocurrency aggregator allows users to buy and sell multiple cryptocurrencies across various exchanges without creating multiple accounts while getting to choose the best prices across exchanges.

Sharan is currently the Senior Vice President of Marketing and Business Development at CoinSwitch. Prior to this role, he was the Vice President of Marketing and Communications at Unocoin, one of India’s largest fiat to crypto exchanges.

Tune in to hear about:

  • Sharan’s background, his work with Unocoin  (a fiat to crypto exchange in India) and how he started working at CoinSwitch
  • CoinSwitch – is an exchange aggregator supporting 300 coins and 45000 exchange pairs where users do not need to create accounts at multiple exchanges and use the CoinSwitch platform to get access to best pricing
  • Current exchanges integrated on Coinswitch: ShapeShift, Bittrex, Changelly, KuCoin, Changer and Cryptopia
  • Roadmap: Integrate with IDEX, a decentralised exchange and the challenges with integrating with a decentralised exchange
  • End-to-end customer journey for using Coinswitch
  • Coinswitch’s business model
  • CoinSwitch’s customer base and its distribution across the globe
  • CoinSwitch’s roadmap
  • CoinSwitch’s value added services such airdrop tracker, tax calculator etc
  • Business risks for CoinSwitch
  • Sharan’s view on the Blockchain and Cryptocurrency ecosystem in India
  • Twitter