CoinEx 4th Anniversary | You Ask We Answer with Founder & CEO Haipo Yang
To celebrate CoinEx’s 4th birthday, we have a special AMA event on Twitter with CoinEx Founder & CEO Haipo Yang. Almost 300 questions were collected, and here are some the answers to them.
All selected askers will be share 10,000 CET for rewards. Congratulation!
1. @SeeFodeeee: 4 years in the market, you must have gone through many ups and downs. What was the most complex challenge that CoinEx had? And how did you manage to overcome this challenge?
Haipo: 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.
2. @Habib58270459: Currently most investors only care about profits, and ignore long-term benefits. So can you give them some advice why they should buy and hold CET?
Haipo: 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.
3. @AHSANHA77075995: Your project has great features. There must be an experienced them behind it. Can you talk about your team and their experiences?
Haipo: 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.
4. @Pa53796879: After many games that support cryptocurrency have been announced, is there a chance that there are games to gain more support for CET?
Haipo: 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.
5. @Theclassic303: There are many exchanges now. What is the uniqueness for CoinEx?
Haipo: 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.
6. @Cenrips13: At some point, they will implement ways to stake or farm to generate CET. I’m very interested in that.
Haipo: 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.
7. @Cryptolearn2020: Do you have plan to introduce launchpad for CET holders? If yes, when will it happen?
Haipo: 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.