» » “We’re Creating New Rules for the Crypto Market” – Anti Danilevski, Kick Ecosystem CEO and Founder

“We’re Creating New Rules for the Crypto Market” – Anti Danilevski, Kick Ecosystem CEO and Founder

“We’re Creating New Rules for the Crypto Market” – Anti Danilevski, Kick Ecosystem CEO and Founder

The KickEX cryptocurrency trade, celebrating its first anniversary, is already between the sixtieth and seventieth rank for hottest buying and selling platform in keeping with CoinMarketCap. Throughout this time, the platform has grown from a easy startup to an efficient ecosystem, bringing collectively over ten merchandise and consistently increasing. We spoke with Kick Ecosystem CEO and Founder Anti Danilevski to listen to extra concerning the firm’s successes and future plans in addition to focus on the present state of affairs on the cryptocurrency market.

Q: Anti, your trade is a newcomer to the market, but it already made the highest 100. Not each crypto trade manages to make such a leap. What’s your secret? Inform us your technique.

A: All we’re doing is making a high quality product. KickEX started its growth two years earlier than its launch not like most different “exchanges”, which have been made on the spot, with none concrete planning, understanding how the market works, and what merchants want. We have now a strong basis consequently, which might be simply and methodically constructed upon after launch, and that’s precisely what we’re working exhausting to do. Our structure is constructed on microservices, which lets you develop a product in any course and offers you alternatives that different exchanges don’t but have. Nearly all different exchanges function utilizing a monolithic construction, the place any change requires weeks, if not months and even years, of growth. For instance, it will take us just a few hours so as to add new tokens, whereas for a lot of of our rivals it will take as much as a number of months, and that’s contemplating that they wouldn’t even be capable of help tokens with any sort of particular economics in any respect. That was the unique plan, to take a position extra time, cash and sources within the growth part in order that we might develop quickly after launch, which is what is occurring now.

Q: Change tokens made an actual leap this 12 months. Some have elevated in worth by greater than 10 instances. I do know that your platform additionally has its personal token. Inform us extra about it.

A: Change tokens are particularly common amongst holders and it’s clear why: there’s an trade behind every token, an actual product with actual worth. Change tokens have actual makes use of, and this is essential for token worth. Among the many 1000’s of tokens that may be traded, solely a very used for one thing aside from speculative buying and selling. The precise use of a token ensures its demand so, because the person base grows, the quantity of people that wish to purchase it grows, too, and the value quickly follows. When KickEX got here out of beta, KICK token elevated by 82 instances, now corrected to x30 from the January 2021 worth. This occurred particularly as a result of the trade’s person base grew considerably this spring. That’s if we’re speaking about trade tokens, however this doesn’t imply the token has to remain that approach perpetually. I’m all the time searching for methods to crack the present methods in order that what we create works successfully by itself and has a cumulative impact. That’s why, very just lately, we swapped the token out and changed the outdated good contract with a brand new one. This allowed our token to launch a hyper-deflationary mannequin and run new options that weren’t beforehand accessible to our customers. For instance, staking. KICK token holders routinely obtain a proportion of every KICK token transaction made on the blockchain in keeping with their share of token possession. That’s, the extra KICK tokens a person owns, the upper proportion of distributed tokens they obtain every time somebody transfers or trades their KICK tokens on decentralized exchanges. For tokens held by customers on the KickEX trade, the staking part and distribution can be launched inside a month, and anybody holding KICK tokens on KickEX will obtain what’s known as “token redistribution” for on a regular basis that they haven’t obtained them prior to now.

An computerized burning characteristic has additionally been added to the brand new KICK token contract. Thus, every KICK token transaction burns 5% of the switch quantity. This can be a mechanic that not solely additional incrementally will increase KICK token possession amongst its holders by lowering the general quantity of cash in circulation, but additionally makes the KICK token hyper-deflationary.

What’s extra, over Three million tokens have been burned because the starting of July. This implies the variety of tokens in circulation is regularly lowering in quantity, leading to a rise within the token possession price amongst holders. As such, there are fewer tokens day-after-day and their worth, within the eyes of the customers, is growing. This mix of trade economics, token-staking, and computerized burning is the brand new starting for trade tokens, and all present KICK holders or those that be a part of us now, nonetheless at an early stage, will quickly be congratulated.

Q: Are you planning to launch margin buying and selling? That is extremely popular in the meanwhile and fairly in-demand available on the market.

A: KickEX is at the moment a spot market, however margin buying and selling has already began being developed. It’s nonetheless within the analysis & design part as a result of we wish to make it higher than anyplace else and safer for merchants. Proper now, on different cryptoexchanges is simply playing – truly, it’s not margin buying and selling, however actually, largely it’s a primitive binary possibility.  It’s not actual margin buying and selling. Our ambition is to do it the best way it’s applied within the grownup world of economics, not the best way it’s carried out all over the place else, with the aim of bankrupting merchants and taking their cash on a relentless and common foundation. We plan to launch a beta model of margin buying and selling by the tip of this 12 months.

Q: Inform us concerning the new merchandise popping out earlier than the tip of the 12 months.

A: Crucial growth is the cellular functions for iOS and Android, and it’s so necessary as a result of 80% of our site visitors comes from cellular units. At the moment, the iOS model is being examined privately by a small focus group of 150 customers, because of the limitations of the TestFlight testing service. I personally consider that we have now a real masterpiece on our fingers, and the suggestions from customers fortunate sufficient to be in that group has been nothing however optimistic and confirming that we made an incredible app! Over time, these variations can be a lot larger than your typical buying and selling app, they are going to change into superapps, in the perfect China and Asia cellular tendencies. The aim is to cowl all of the wants that customers of digital property might need in order that they wouldn’t want anything however the Kick Cell Superapp. This contains information, chat, widgets, cold and warm wallets, portfolios, alerts and notifications, staking, token promoting, and extra.

Q: Inform us concerning the firm’s plans general. What are you going to deal with within the subsequent 3-5 years?

A: This can be a very lengthy stretch of time in relation to cryptocurrency. Issues are altering quickly, and there are a lot of instructions by which the business can develop additional. I primarily see growth transferring in direction of cryptocurrency regulation, authorities cryptocurrencies, and the digitalization of companies and their property, which is very related for Russia. We’re trying on this course. We’re taking a look at buying and selling shares and securities with the required licensing, after all. We plan to make our personal blockchain, which can be appropriate for enterprise, and never only for miners and hypothesis. I don’t know any blockchain like that and up to now, none like that exist, which isn’t adequate for us. We’re contemplating funding rounds with plans to carry our firm to IPO standing.

Q: Now let’s discuss concerning the market as a complete. I’m going to ask the query that completely everyone seems to be dying to ask, “When can we count on development?”

A: The value of any token is dependent upon both the show of the product or the tens of millions poured into promoting and hype. KICK is the primary case and all the time has been. All tokens or cash that pour cash into promoting however haven’t any product will deflate when advertising and marketing investments cease, and that’s certain to occur in the end. In our case, we’re taking the developmental route slightly than simply creating hype and pyramid schemes. This is the reason development must be anticipated with the event of our enterprise, as KICK is an trade token. Ought to there be 1,000,000 energetic customers on the trade utilizing KICK, reaching the moon received’t be the tip of it. That is going to occur it doesn’t matter what, as our viewers is consistently rising every day. Time works in our favor, particularly coupled with the deflationary token mannequin. However like with every part else, solely the affected person and people who perceive how the token financial system works, who consider in us and help us, can be selecting out their supercars. Speculators who purchase KICK and look ahead to claims the subsequent day are unlikely to get their fortunately ever after, and this is applicable to cryptocurrency buying and selling normally, not simply to our token. Sadly, these are the bulk up to now; the business as a complete has not but matured and has not but discovered how you can make investments for the long run.

Q: Do you consider these consultants who predict that Bitcoin will attain $250,000 within the subsequent two years, or are expectations set too excessive?

A: I can settle for that, however we’re at the moment in a interval the place one tweet from Elon Musk or one other assertion from the Chinese language authorities can carry every part crashing down once more. Till the market matures and learns to react soberly to those sorts of tweets or statements by the authorities, the present stage of volatility will proceed to be unpredictable and harmful. If in case you have your individual cash that you just aren’t afraid to take a position into one thing for just a few years, and also you perceive completely nicely that issues won’t go your approach, I consider that Bitcoin ought to match the invoice.

Q: What ought to newcomers to the market do: promote cash, purchase cash, wait?

A: First-time buyers make hype-purchases, that’s, on the peak, after which when a correction happens, they often panic and promote, dropping their cash. I like to recommend novices to not panic, to check initiatives earlier than shopping for their cash or tokens, search for these which might be low, and by no means make hype-purchases. If there may be hype available on the market, and everyone seems to be shopping for one asset, then there’s a 90% likelihood that you just’re getting in too late, and that rocket is about to land. It’s best to search for property which have an actual product and the place there’s a token or coin that has an actual use. That’s the reason trade tokens are so promising: merchants purchase them to pay commerce commissions and scale back their very own commissions, and after they pay for his or her trades, these tokens are often destroyed. This results in the depletion and shortage of trade tokens, which, in flip, positively and completely will increase their worth. Despite the fact that trade tokens will not be securities and will not be funding devices, many individuals purchase them for resale. In our case, KICK has the identical use, plus it is usually a deflationary token in and by itself, and is at the moment on the draw back. I believe the selection is apparent, however once more, this isn’t funding recommendation.

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