－Opportunity
Q：What was the motivation to start?
A：I first became interested in cryptocurrency at an early stage when attended training for a call center. That experience led me to want to create a decentralized wallet that wouldn’t require holding users’ funds.
－Business Model
Q：What are the benefits of using this?
A：There are two major benefits to using this platform.
First, the transaction fees are low. In general, cryptocurrency exchanges are divided into two types: CEX and DEX. While we use a DEX-based exchange, ours is a hybrid model that combines the best aspects of both CEX and DEX. Our transaction fees are roughly 50% lower compared to other exchanges, making them very affordable. Globally, the number of DEX-based exchanges is on the rise, and trading volume has been increasing annually, showing that it is still an area with growth potential. DEXs have been emerging since around 2020, with volumes climbing each year. Our trading interface is designed to be as simple as possible, making it user-friendly and we offer language options in Chinese, English, Korean, and Japanese, so Japanese user should find it easy to get started. The main feature of a DEX is that it allows users to trade directly with each other using blockchain technology, without the need for a central administrator. With our exchange, transactions are available at about half the typical transaction fees. Additionally, it is compatible with cryptocurrency is losing assets due to scams or weak wallet security. We are confident in the security of our platform, and it has recently passed a passed a thorough audit by a third-party organization.
ｰGenerating new valueｰ
Q：How can I trade?
A：You can use it simply by connecting with an existing wallet.
Q：What kind of devices can I use?
A：You can use PC and smartphone browsers, and we plan to develop an app in the future.
Q：Is it possible to do an IOC?
A：As of now, it is not available.
Q：Please tell me which currencies are available for trading.
A：You can trade anything available on the Bitcoin and block chains of Ethereum. In the future, we plan to enable trading for assets on the Solana block chain as well.
Q：Please provide the trading volume per a day.
A：It has been about a month since the service started, and the trading amount and volume are steadily increasing daily. There are approximately 740 trades, with a daily trading volume of about $837,500.
Q：How will the existing app will evolve in the future?
A：KYEX is a cryptocurrency hybrid exchange platform built on ZetaChain, a Proof-of-Stake blockchain. KYEX aims to combine the user-friendly interface of centralized exchanges with the decentralized backend of platforms like dYdX. This platform focuses on self-custody of user funds, non- intermediary deposit and withdrawal processes, and on-chain transparency, seeking to address challenges faced by both centralized and decentralized exchanges.
Q：What do you think about the future of virtual currency?
A：Currently, in Singapore, the ride-hailing app ‘GRAB’ can be used for taxi fare payments. I believe that in the future, it will become increasingly mainstream in various fields in Singapore. I also think it will spread in Japan as well.
Q：If you have any appealing points or features for users of the app, please let me know.
A：KYEX solution (KYEX) is a solution that combines both ease of use and security. The core design of KYEX revolves around off-chain order books and on-chain settlements, creating an efficient market through mechanisms seen in traditional financial platforms. Compared to others, the transaction fee of 0.5% is half of what is typically charged.
In short, while other companies charge fees at each tier, KYEX allows transactions with a single fee.
ｰEvery day is a new challengeｰ
－What the next goal is
Q：Finally, please tell me about your future goals.
A：As for our future goals, it has been about a month since we launched our service, and we are seeing daily increases in both transaction amounts and volumes. DEX exchanges are the future of trading platforms. We aim to be within the top 50 DEX exchanges globally. Currently, we are engaged in promotional activities through social media and other channels, and we plan to continue expanding this platform through various initiatives in the future.
－My encounter with Mr. ZHANG
I met Mr. ZHANG (CEO) in 2017 during a training session for a cryptocurrency call center in the Philippines. At that time, I was impressed by the passionate energy he exuded towards the cryptocurrency business. As time passed, when I reunited with him, I learned that he was in the process of creating a cryptocurrency exchange. Instead of simply reusing existing systems, he had developed a new system that fused traditional elements with innovative features. When I actually tried it out, I found it to be very user- friendly. They are currently considering expanding into Japan, and I strongly sense the potential for further growth in the cryptocurrency business as they continue to evolve with an eye towards entering the Japanese market.