Connect with us


What Makes CoinEx Stand Out? Founder & CEO, Haipo Yang Answers Users’ Questions



Q: Of the many ups and downs, CoinEx has gone through in the past four years, what was the most complicated challenge? How did you meet it?

Haipo Yang: Feeling lost was the most complicated challenge we had. We struggled to find the answers to many questions, including: What kind of exchange should we be? How do we realize this? Does the future look good for the crypto industry? Personally, I felt lost, but the team was even more so. Many start-up teams will be able to relate to this. Fortunately, we pulled through.

In my view, the most crucial thing when we face such a challenge is to have faith. We must believe that blockchain could change the world, that we could find a suitable direction for growth, that the team will grow stronger, and that the market will usher into a bright future. I’ve also kept improving myself in different ways to study CoinEx’s strategic goals and identify the right path while sharing my thoughts with the team.

Q: As we all know, you aim to turn CoinEx into a mainstream exchange. In your view, what is needed to achieve this goal?

Haipo Yang: Yes, my goal is to help CoinEx grow into a great exchange, as well as the infrastructure of the blockchain world. To achieve this goal, we need to build a strong, global team. On the one hand, CoinEx should provide safe, stable, simple, and easy-to-use products to meet the demand for crypto trades among investors. On the other hand, in the inherently globalized blockchain market, we need a global team for promotion in different markets so that CoinEx will be available to users in more countries and regions.

Q: Right now, most investors are only concerned with their immediate profits while ignoring their long-term interests. What is your suggestion for such investors? Why should they choose to purchase and hold these tokens over the long run?

Haipo Yang: Investment is a highly specialized field. We all know that one needs to learn how to swim before jumping into the pool. However, most people have had no training before diving into the investment market. Throughout the years I spent in investment, it has become clear to me that the failure rate of short-term trading, especially highly leveraged trades, is staggeringly high, and only a few extremely gifted investors win the game. For most people, long-term investment promises a higher success rate. However, this is not to say that you can sit back and relax after making a purchase. Instead, we need to stay updated on the developments of the target project. More importantly, we should embrace new developments and concepts that keep popping up with an open mind and capture the latest crypto trends by adjusting our investment portfolio.

Q: There must be an experienced team behind all the great features of CoinEx. Could you talk about your team and their background?

Haipo Yang: We do have rich experiences in the crypto industry. In the early days, I had worked as a software engineer at Internet giants like Tencent. After going into the blockchain space in 2014, I had been involved in the development of mining machines, mining pools, cloud hash rate services, wallets, exchanges, and public chains. To me, security and the relevant background are always a priority. As a result, CoinEx has never suffered any major security breach. I started my own company in 2016. Most of our staff are recruited and trained by me personally, and many of them have a strong background in their field. Over the years, the team has been fast-growing. Right now, CoinEx is powered by a team of more than 200 employees across the globe, over 60% of whom focus on products and R&D.

Q: After the launch of many games that support cryptos, will CET offer more support for games?

Haipo Yang: I have strong faith in the prospect of GameFi because games and blockchain make for a perfect combination. Last year, we built CoinEx Smart Chain (CSC), which adopts CET as its built-in token. To expand the CSC ecosystem, we have launched investment and support programs worth $50 million, with a focus on DeFi and GameFi. As the CSC ecosystem continues to develop, the value of CET will also grow higher.

Q: What sets CoinEx apart from the many exchanges out there?

Haipo Yang: If I was asked to summarize CoinEx in a few simple words, my answer would be secure, easy to use, reliable, and global. As the biggest threat in the crypto world, security is the top concern of CoinEx. Keeping your assets secure has always been our No.1 priority. Meanwhile, CoinEx is also striving to create products that are easy to use. We aim to offer improved user experiences and meet users’ needs for crypto trades across the board. Additionally, to ensure that each asset listed on CoinEx meets our listing criteria, and to provide reliable options for users, CoinEx conducts extensive reviews for all assets on its platform. In the inherently globalized blockchain market, we have continued to localize our products so that they will be accessible to every person in the world.

Q: Do you plan to create a CoinEx wallet where we can hold/stake CET and become long-term holders?

Haipo Yang: Apart from storing CET on CoinEx, we recommend using ViaWallet, which is a decentralized wallet developed by the CoinEx team that supports multiple cryptos. It allows users to manage multiple in-wallet assets on a single application. On ViaWallet, you can store and stake CET to get more benefits. Moreover, you can also tap into projects in the CSC ecosystem. In the future, as the CSC ecosystem matures, there will be a lot more scenarios where CET can be used.

Q: As a CET holder, I’d like to find out more about CoinEx’s launchpad.

Haipo Yang: The launchpad is a key product on any exchange. However, we are also very careful because investment involves great risks. To this end, we have made tons of preparations to make sure that the projects we launch promise high quality. What I can tell you is that launchpad is coming soon

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.


Why Gold Is Beating Bitcoin In 2022



Bitcoin continues to underperform as a general “risk-off” sentiment has investors driving toward gold as a safe haven asset.

Not Risking It

Concerns about the Russo-Ukrainian war continue. The U.S. inflation struggles at a four-decade high and Fed rate hike fears prevail. The uncertainty extends to the world economy as a recession is expected instead of a recovery. The IMF’s managing director Kristalina Georgieva called it “a crisis on top of a crisis.”

“The war is a supply shock that reduces economic output and raises prices. Indeed, we forecast inflation will accelerate to 5.5 percent in advanced economies and to 9.3 percent in emerging European economies excluding Russia, Turkey, and Ukraine. ” The IMF stated last week.

Reuters recently quoted Commerzbank analyst Daniel Briesemann, who talked in a note about the factors that have “lent buoyancy to gold in recent days,” mentioning the “strong buying interest on the part of ETF (Exchange Traded Fund) investors” and news about the Ukraine war.

“Russia appears to be preparing to launch a major offensive in the east of the country – that is generating considerable demand for gold as a safe haven,” the analyst said.

This summarizes the “risk-off” sentiment at the moment. As expected, equities suffer as investors are selling risky assets and purchasing the ones negatively correlated to the traditional market. Thus, the crypto space is struggling alongside de stocks market and gold is rising.

Bitcoin Outperformed By Gold

Data from Arcane Research’s latest weekly report notes that it has been a gloomy year for the “digital gold.” In the first three weeks of 2022, Bitcoin sank 25% and it is still down by 18% in the year despite its slight recovery.

Similarly, Nasdaq records a 19% decline in the year, having underperformed against bitcoin “by a small margin,” notes the report, adding that “This is surprising given that bitcoin has tended to follow Nasdaq, albeit with higher volatility.”

The general fear over geopolitical and macroeconomic uncertainty has given gold the safe-haven asset spotlight once more. The asset outperformed all the other indexes seen below with a 4% gain.

Physical gold outperforming “digital gold” in 2022 | Source: Arcane Research

Meanwhile, the currency market is performing with “the same risk-off patterns.” The Dollar has been proving its “risk-off” dominance as the US Dollar Index (DXY) is up 7%. The Chinese yuan has taken a hit over concerns about the country’s “zero-covid” policy –which creates issues for the global supply chain– and the slowing down Chinese economy. In contrast, investors have been running to the US Dollar for safety.

Bitcoin supporters usually refer to the coin as “digital gold” alleging it is a safe haven asset, and this narrative had held well while BTC had been “uncorrelated with most other major asset classes,” but the tide is shifting with the 2022 scenario as investors are rather placing the coin “into the risk-on basket”.

A previous Arcane Research report indicated that bitcoin’s 30 -day correlation with the Nasdaq is revisiting July 2020 highs while its correlation with gold has reached all-time lows.

A pseudonym traded noted that “As Bitcoin adoption goes on and more institutional investors enter the market, the correlation of BTC and stocks becomes more and more tight. That is a paradigm that the crypto world struggled to come to terms with in the past but is now more real than ever. A healthy stock market is good for Bitcoin.”

Meanwhile, the general sentiment of traders seems to be bearish, with many saying that the coin could visit the $30k level soon.

Bitcoin trading at $39k in the daily chart | BTCUSD on

Source link

Continue Reading


Attendees talk the future of NFTs



The crypto community headed to Nassau in the Bahamas this week for the inaugural Crypto Bahamas conference.

Like most conferences, panels fill up the agenda and on Wednesday the topics at Crypto Bahamas ranged from NFTs to crypto in sports and to asset allocation in Web3. During one particular conversation, titled Evolution of NFTs: Culture, Utility and Regulation, panelists had some insightful musings on the NFT market.

To put the Crypto Bahamas conference into context, Sam Bankman-Fried’s cryptocurrency exchange FTX moved its headquarters from Hong Kong to the Bahamas in Sept. 2021. It recently inked a multi-year partnership with Anthony Scaramucci’s investment firm SkyBridge Capital, and its events arm SkyBridge Alternatives, or SALT. They jointly presented the conference.

That’s why the NFT panel consisted of multiple perspectives from Tristan Yver, head of strategy at FTX U.S., Joseph Doll, attorney at Fenwick law firm, Roham Gharegozlou, the chief executive officer at Dapper Labs, and Sarah Hammer, the managing director of The Stevens Center for Innovation in Finance at The Wharton School. Zack Guzman, writer for the Meta-owned newsletter platform Bulletin, moderated.

Gharegozlou pointed out how new the NFT market truly is when “most people have only been thinking about it for a year and a half,” making valuations “very immature.” As the CEO of Dapper Labs, the company behind NBA Top Shot,  Gharegozlou recognized that “utility, rewards and the how you value and NFT is primarily based on the strength of that of the community.”

He added that a good way for an NFT collection to build a strong community is to have multiple tiers of scarcity. In the case of NBA Top Shot, at the higher price end there is extreme scarcity, but there are also millions of “common” moments so that people can “get their first NFT and see how it feels without breaking the bank.” 

Tristan Yver echoed that the current valuation and pricing model for NFTs is based on a collective perception on value based on the amount of people willing to buy an asset for a certain amount. He anticipated a “movement away from this consensus view to a more unique singular view where people buy things that resonate with them rather than what resonates with a larger community.”

Joseph Doll chimed in to say that “communities need to be thoughtful about democratizing access.” There are some “massive” barriers to entry to certain projects, he said, including not being early enough or not having enough capital at the time. He questioned, “That’s not what crypto is about, right? It’s kind of about the exact opposite of that.” Democratization, he suggested, can come in the form of derivative projects at better price points.

Another important point brought up by Yver was the reality of scams, especially on Discord and Twitter. He said that “we need to move past security aspects to be able to really bring in the next large mass of users.” He recommended talking among family and friends or asking a Discord moderator to make sure “you click the right link when minting that NFT” because “wallet security sucks right now.”

Gharegozlou even said that Elon Musk, the new owner of Twitter, should use Web3 to fix Twitter’s fraud problem, just as Discord should use Web3 authentication and verification as well. “Once NFT’s are the sort of identity bridge across all these different social networks, identity and assets, authenticity, provenance,” then the system can be more resilient he added.

When asked what “main alpha” the audience should bear in mind, Doll said to engage with and be part of these NFT communities even if it’s “scary,” because getting scammed is a “part of the journey.”

Sarah Hammer, who leads the Cypher Accelerator at Wharton business school, said that the school is launching an incubator specifically for NFT projects in partnership with Dapper Labs because the “NFT model is a business model for the future.” She emphasized that the greatest way to grow and innovate in the space is to increase education efforts in order to get more people learning and working together.

Related: Goldman Sachs reportedly eyes FTX alliance with regulatory and public listing assistance

Recently the Bahamian government allowed residents to use digital assets, including the world’s first central bank digital currency, or CBDC, to pay for taxes in 2022.