What Makes CoinEx Stand Out? Founder & CEO, Haipo Yang Answers Users’ Questions
December 29 2021 - 8:02AM
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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
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