Exchange

Ep. #44: Stablecoin adoption through E-Commerce with Dan Shin (Terra)

We speak to Dan Shin, Co-founder of Terra (https://terra.money/). Prior to Terra, Dan is most notably known for being the Founder and Chairman of TMON (http://www.tmon.co.kr). TMON or Ticket Monster is a Unicorn out of South Korea which was started in 2010 and had a mobile first approach to e-commerce.

Now Dan is launching a stable coin that aims to drive adoption through his experience and networks in the e-commerce industry.

Tune in to hear about:

  • Going on the mainnet and what that’s like (funnily, we spoke a couple of hours after Terra hit mainnet)
  • Different kinds of stable coins why Terra took the algorithmic route
  • How Terra is trying to drive REAL ADOPTION
  • How Terra maintains price stability and the role that Luna token plays in that
  • What is Seigniorage and how Terra is benefiting from it
  • Go-to market strategy through Terra Alliance comprising Carousell (https://sg.carousell.com/), Qoo1o (https://www.qoo10.sg) etc. + incentives to use Terra
  • How the user journey for using Terra token would look like on e-commerce platforms
  • Tech aspects – Building on Tendermint (https://www.tendermint.com/), on boarding validators
  • Dealing with Regulatory aspects including the failed Basis project (https://www.basis.io/)
  • Partnerships with Tomochain (https://tomochain.com/), Klaytn (https://www.klaytn.com/) etc

Ep. #22: Cryptocurrency Exchange & P2P Marketplace with Rahul Raj (CEO Koinex)

Our guest for this episode is Rahul Raj, CEO and co-founder of Koinex (https://koinex.in/). Koinex is one of India’s leading cryptocurrency exchanges and peer to peer marketplaces which is backed by leading investors such as Pantera Capital (https://www.panteracapital.com/) and Beenext (https://www.beenext.com/).

Rahul is a graduate of the Indian Institute of Technology and has dabbled in various startups and social entrepreneurship initiatives before starting Koinex.

Tune in to hear about:

  • Rahul’s background and intro
  • How Koinex (India’s first KYC compliant multi currency exchange) came about
  • Why Koinex initially decided to have only fiat to crypto pairs for all cryptocurrencies
  • Customer journey for transacting
  • Different steps involved in setting up a crypto exchange
  • Three important pillars of setting up an exchange: scalability, security, customer support
  • Other factors to consider while setting up an exchange: UI/UX, liquidity, ecosystem development
  • Building an exchange in house vs. using a white label solution/third party integrations – pros and cons
  • Where does an exchange source their crypto from?
  • How Koinex built liquidity on the platform
  • Highest daily trading volume that Koinex saw – USD 265m
  • Why BTC was trading at a premium in India
  • Reserve Bank of India’s (RBI’s) current stance on crypto and way going forward
  • How the crypto-exchanges responded to the RBI directive
  • Koinex Loop (https://koinex.in/loop) – the crypto marketplace
  • Improvements of Koinex Loop over LocalBitcoin and LocalEthereum
  • Challenges with Koinex Loop as far as fiat is concerned
  • Koinex’s roadmap and plans beyond an exchange
  • Views on the Blockchain and Cryptocurrency ecosystem in India
  • Projects beyond Koinex that Rahul is excited about: Ethereum, BAT

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