Exclusive interview with InziderX CEO - a decentralized exchange digital asset
Aug 1, 2018 by Rico Wise
BASE.INFO team has interviewed the CEO of InziderX project. We have asked the most topical questions to get acquainted with the project and to learn the future plans of the InziderX team.
Please welcome, InziderX CEO
Please describe your company/project in 2 sentences.
InziderX is a decentralized spot leverage OTC market where you can exchange the top 20 digital assets privately and without verification. Transactions are done in between anonyms insiders, wallet to wallet using Atomic Swap. Liquidity is provided by a relay system based on the Lightning Network technology.
Why did you decide that blockchain should be the basis of your project?
We want the exchange to be independant of any external entity. The blockchain is the only way to acheive it. This way, the community will be in charge!
Why did you launch the ICO? Was it the only option to collect the funds?
Since we want to exchange to be independant, we want to avoid private interest. It's an exchange for the blockchain community. If the funding is private, the exchange would loose its credibility.
Briefly describe your team. Why these people became the engine of your project?
All the members of my team have specific qualification needed in the accomplishment of our project. Starting from coding skills to media relation. Some of the coders in my team have major experience into the forex world and a deep understanding of coding in that subject.
What are the main centerpiece and the highlight of your project? What will attract the investors' attention?
The exchange is decentralized. The atomic swap and the lightning network technology are the pillar of it. It give security against hacks (1.3 Billion since 2014!) and liquidity that miss current decentralized exchange as Bitshares. We are the new FX terminal whit all the tools needed for active and algorithm traders.
What are your thoughts about ICO marketing? Can it be really effective due to all the restrictions and other phenomenas?
Yes, ICO marketing is effective. Investors that have good judgment always see the opportunities. Restrictions are not yet fully defined, this is more a game then a reality.
Why is your project better than your competitors?
We are different. The philosophy of our project is community driven. As much as our exchange will be establish on the latest technologies and seeks to give elite traders the tools they need, we will implement a voting process so that the community have the last word on next development.
What are the major ways of monetization for your project?
The INX, our digital utility asset, is the tool we have put in place to finance InziderX Exchange.
Which markets are the most attractive for you right now? Do you take in consideration the USA and other countries with the legal restrictions for the crypto crowdfundings?
We feel that our major markets are in Russia and Asia. But obvisouly the whole Europe is also of major interest. We want to avoid trouble so we don't accept USA, Canada, Belize and Singapore investors.
Describe your project in 3 years? Will it change something in the world?
In 3 years, the InziderX Exchange will be establish with all the characteristics. From that moment, the blockchain community will have HIS exchange. It will change the world because this will be the first exchange that canno't be control by an external entity. This will be a real market, not a fixed price mecanism as we have right now.
https://base.info/news/exclusive-interview-inziderx-a-decentralized-exchange%20-digital-asset