Knnit Speaks to Anndy Lian, Singapore Blockchain Expert on “The Purpose of 2nd Tier Crypto Exchanges”

Knnit Speaks to Anndy Lian, Singapore Blockchain Expert on “The Purpose of 2nd Tier Crypto Exchanges”

  1. Can you tell us more about yourself?

My name is Anndy Lian. I have been active in the blockchain market since 2017. I had my first bitcoin in early 2010 when they are worth much lesser basically. Right now I spend most of my time advising governments and also acting as the Chairman (Asia) for Decent Foundation based in Switzerland and Chairman (Singapore) for Korean eSports Industry Association. I am also a book author for Blockchain Revolution 2030.

 

  1. In your view, do second-tier crypto-exchanges do enough to differentiate themselves? Do they have unique selling points? What do they offer that bigger exchanges don’t?

Top few exchanges seem to have everything, not much left for the second-tier and small exchanges so they are working/ struggling especially hard, just to survive. The only advantage they have compared to the big brothers is they are too small to be on the radar so they can be more “wild”. You seldom see a coin goes 100X on big exchanges but it’s still happening on second-tier and small exchanges. However small exchanges close down every month so users who like to “gamble” will choose the second-tier exchange over the big ones.

 

  1. What, if anything, can second-tier exchanges do to differentiate themselves? Do you expect such exchanges to succeed in introducing unique features in the future?

Yes, they need to have a new model, their own models, the first in the industry kind of model to succeed. However, new model also means high uncertainty and risk. You do it well you become Bitmex, you do it wrong Fcoin is your example.

 

  1. Does the crypto system really need smaller, second-tier exchanges? What role do they serve, if any?

Yes, smaller, second-tier exchanges are like the catfish in the sardines, more players mean more competition, more competition brings more innovation and better services. Those newcomers they are standing on the shoulders of giants, they can build their exchanges on the most neat and efficient manner, they can try new features more freely, respond and adjust to the market faster.

 

  1. Do you expect to see consolidation in the cryptocurrency exchange sector in the future? How much consolidation?

It’s already happening:

1) Many exchanges are opening their branches abroad, sometimes they do it themselves but more times they collaborate with local exchange partners( eg. OKEx & OKEx Korea).

2) Small/New exchanges are opening/switching their businesses on/to big exchange’s cloud services so they can start easy and cheap, when they grow big they can even get investment from the big exchanges.

3) Big exchanges are also collaborating more and investing in other exchanges eg Binance investing into WazirX India.

 

  1. What other observations do you see in the crypto exchange market?

New crypto exchanges will pop up now and then. Those who inspired to start an exchange will go to companies like ChainUp, HyrdaX, SHIFT etc. Some trends were possibly be revived such as DAPP Gaming Store and Decentralised Exchanges (DEX) in the mid of 2021 too. I am keeping a close lookout on these possibilities. In the nutshell, crypto exchanges are here to stay and here to make more noises for the crypto and blockchain communities.

To learn more about blockchain, you can visit Anndy Lian at his website (http://www.anndy.com) and follow him on Twitter (https://twitter.com/anndylian).

This interview is brought to you by KNNIT and Blockcast.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Anndy Lian评论“后币安时代下Coinmarketcap的全新评价体系”

Anndy Lian评论“后币安时代下Coinmarketcap的全新评价体系”

Blockcast.cc:大家好,欢迎来到Blockcast.cc的区块链行业专访。我们每周都会链接加密货币和区块链行业专家,给您带来最新最独到的行业解析。今天对话的是我们的老朋友Anndy Lian,他是政府间区块链顾问,知名畅销书作者以及行业媒体评论家,并且在东南亚,日本,韩国以及最近在斯里兰卡都非常活跃。距离我们上一次的专访已经有一段时间了,很高兴再次邀请他来做客。

你好,Anndy,很高兴与你连线。我是Blockcast.cc的记者John

我看到您近期在Cointelegraph的文章中发表了关于Coinmarketcap最新交易所排名的评论, 这个事件近期确实广受关注且备受争议,您的观点很犀利,所以我们希望跟您进行进一步的访谈,就Binance对Coinmarketcap的影响方面听听您更多的看法。

(图片来源:Cointelegraph)

首先,您认为交易所和排名平台上的数据总体上是否准确且值得信赖?

Anndy Lian:你好John,很高兴认识你,谢谢你的来电。

首先,我们都有个共识就是交易所所公示的数据并不完全真实地反应它的真实情况,因为如果数据都没有水分的话,那比特币的市值将应该达到一万亿美元(只是说)了才对。目前各个平台都有自己的排名权重分配和评判标准,主要是基于交易量,但这还不够准确,因为交易量可以刷,这也就是为什么CoinMarketcap会采取全新的评价标准的原因。就出发点来说,我认为是可以理解的。

 

Blockcast.cc:话虽如此,您认为网站流量是取代交易量的最好指标吗?你个人认为对交易所进行排名最有效最可信赖的方法是什么?

 Anndy Lian:我认为CoinMarketcap将交易所的网站流量纳入排名的评价体系是一个很好的尝试,但是正如我公开评论的那样,仅仅是这样还不够好,不够客观公平。CZ在Twitter上也提到了,他说此次仅仅是个开始。

话虽这么说,但其实就排名标准而言没有一种所谓的最有效的方法,也不存在一种最公平合适的指标,只有不同标准下的不同结果。交易量可以刷,网站流量也一样,即使是添加了诸如不重复访客数,跳出率,停留时间等变量,也还是可以对其进行操作的。可提高的空间还是很大的,CoinMarketcap可以做的更好。

例如将地理位置因素考虑进来,这只是我个人观点下的一个例子。因为美国和欧洲用户比较习惯与使用web端,所以网站流量的评判标准是很合理的。但是像亚洲市场,特别是中国韩国市场,很多用户都是用app端来进行交易的,这反映在当前交易所排名中,就可以理解为什么拥有更多中国用户的Huobi(排名第18)和OKEx(排名第6)的排名相对比较低了。当然我可能是错的,我只是从第三方的角度来看。

(图片来源:Coinmarketcap)

我相信面对此次的市场反应,CoinMarketcap未来一定会对当前的评价方法和权重模型进行修订。首先,交易量还是一个很重要的数据,但是要想办法建立新的模型来尽可能准确地获取真实的交易量,例如去除掉对冲数量。还可以更多地借鉴传统金融市场中的一些做法,以使排名更公平公正,有借鉴意义。

 

Blockcast.cc:交易所收购交易所评级平台是否会影响平台的中立性?

Anndy Lian:老实说,对于交易所而言,拥有一个评级平台并不是个最优的决策,尤其是在行业的早期阶段。如果单纯地从投资角度来看的话,那么无疑Coinmarketcap是一个好的投资标的,但如果从业务角度看的话,质疑和争议无可避免。此次的排名之所以饱受批评,并不是因为大家认为币安实力德不配位,而是质疑CoinMarketcap在被币安收购之后是否还能够维持它的中立性。

对于Binance和Coinmarketcap而言,他们必须不断地继续探索,以确保两家公司之间的独立性。人们将继续猜测并散布更多谣言,但是未来取决于Binance和Coinmarketcap的后续应对策略,让我们继续拭目以待。

 

Blockcast.cc:那币安掌舵Coinmarketcap对行业会有积极的影响吗?

Anndy Lian:对于Binance我一直有持续的关注,我在Twitter上也和CZ互相follow了彼此,因此我也阅读了很多他发的文章和见解。以我粗浅的理解,我认为币安(Binance)收购Coinmarketcap也有它积极的方面。

如果抛开中立性不看,币安和Coinmarketcap都是行业内最头部的机构,强强联手,在信息数据共享和交叉检验方面,会有一加一大于二的效果。不同的背景和立场将能够帮助他们共同成长,并为行业带来全新的发展和机遇。

 

Blockcast.cc:我们注意到您在Twitter上的置顶信息,是关于2020年的愿望清单:1)帮助更多的公司加入Blockchain, 2)启动一个可以帮助区块链社区的新项目, 3)深度参与一个全球top 20的项目, 4)打造一个CMC top 50的新代币。可以就这个部分跟我们分享一下吗?

Anndy Lian:这只是我的一个新年愿望清单,给自己立几个小目标。这些年我一直在做很多不同的尝试,我投资过公司,自己经营过公司,也创立过一些公司,运营过新加坡最古早的智库,也做了很多政府关联的工作,今年我希将更多的精力放在区块链行业,更深入地参与到其中去,利用自己的资源和能力来帮助好的项目或平台发展。也许CZ在看完这篇专访后会雇佣我(笑)。

 

Blockcast.cc:哈哈,您还有其他update要与我们的读者分享吗?

Anndy Lian:近期我受邀担任了瑞士DECENT基金会(亚洲)主席。很遗憾由于COVID19,我尚未访问他们的技术开发中心。DECENT成立于2015年,拥有成熟的技术和商业模式,我很期待将它引入亚洲,介绍给更多的行业伙伴。

最后希望COVID19疫情可以尽快得到控制,愿我们Blockcast.cc的读者们都保持健康。

 

Blockcast.cc:谢谢Anndy抽出宝贵时间接受我们的专访,希望很快能在首尔见到你。如果要与Anndy Lian互动,可以通过访问www.anndy.com或访问他的Twitter: https://twitter.com/anndylian

 

 

原始资料:https://blockcast.cc/interviews/anndy-lian%e8%af%84%e8%ae%ba%e5%90%8e%e5%b8%81%e5%ae%89%e6%97%b6%e4%bb%a3%e4%b8%8bcoinmarketcap%e7%9a%84%e5%85%a8%e6%96%b0%e8%af%84%e4%bb%b7%e4%bd%93%e7%b3%bb/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Anndy Lian Interviews Nischal Shetty, Founder of WazirX “We are creating a new crypto revolution!”

Anndy Lian Interviews Nischal Shetty, Founder of WazirX “We are creating a new crypto revolution!”

Blockcast: Good morning folks. I am Melody, Managing Editor of Blockcast.cc. We have been monitoring the crypto market in India for quite some time. On our end at Blockcast, we are also working with a few Indian communities and projects. Today, we have two experts in this interview. The first expert is Nischal Shetty. He is the Founder and CEO of WazirX Exchange and Crowdfire. He is also a Forbes 30 under 30. Then we have Anndy Lian, an intergovernmental blockchain advisor and Chairman of DECENT Foundation. Anndy today will help to facilitate this interview. 

Good morning guys.

Nischal: Good morning Melody and Anndy.

Anndy: Good day Nischal and Melody. 

Blockcast: Hi Nischal, can you tell us more about yourself before we go into the more serious blockchain and crypto topics?

Nischal: I’m the Founder, CEO at WazirX. It is India’s largest and most trusted cryptocurrency exchange with more than 400,000 registered users with an average app rating of 4.6. We have recently gone global.

I’ve also founded Crowdfire, a social media management tool with 20 Million users
after an all-night coding session. I’m India’s top Blockchain influencer on Twitter with over 60K followers. I’ve also been featured in Forbes ‘30 under 30’ list. I’m on a mission to involve everyone in the blockchain revolution.

Blockcast: Tell us more about WazirX India. What is your unique selling point and what do you stand for?

Nischal: We started WazirX with the aim to involve Indians into the blockchain revolution. WazirX is India’s largest and most trusted cryptocurrency exchange with more than 400,000 users with an average rating of 4.6. Few key points:
● Our mobile apps are the highest rated
● Within 20 months of building WazirX, we became the first Indian exchange to be
acquired by the world’s biggest one
● Instant INR deposits and withdrawals available 24×7
● Smart Token Fund (STF) – helps non-traders participate in crypto. STF helps you
choose smart traders who will manage your crypto investments for you. This feature
has shown good initial response from users.
● Highly liquid spot exchange with the lowest fee in India
● Prior startup experience of the WazirX founding team, the fact that I’m the top crypto
influencer in India

Anndy: Hi Nischal, can you share with us about your partnership with Binance and our friend CZ? I see that Binance has placed a lot of efforts in different countries and India is one of the main highlights in my own opinion. 

Nischal: WazirX has become the first-ever Indian exchange to be acquired by the world’s biggest one, and it’s a big deal. This is a historic moment and a beacon of hope for the entire Indian cryptocurrency ecosystem. Everyone in India feels more confident about crypto now due to WazirX’s acquisition. WazirX continues to run as an independent brand of Binance. I continue to run and grow WazirX with my team. We’ll continue to innovate and bring in more improvements in WazirX. My plan is to grow WazirX even further and make crypto accessible to everyone in India.

Anndy: Your mission for WazirX in India is indeed future thinking and daring. My involvement with several government bodies have also given me some insights in India too. We know that India has opened up a fair bit for cryptocurrency. Your government is actively building regulations around this. Can you give us a brief update on the situation? How friendly is the banking system actually?

Nischal: Thanks Anndy, this is a good question. Cryptocurrency trading was never illegal in India. However, recently the Supreme Court struck down the Indian central bank’s banking ban on crypto. The verdict is historic and positive for the ecosystem. Crypto exchanges including WazirX have enabled banking channels for INR deposit
and withdrawals. With banking channels now open, it has made it easier for Indians to enter crypto. Due to the banking ban, Indians had to use P2P which was successful for WazirX but banking channels will be even more successful as it’s more convenient for users.

Anndy: Blockchain technology has been mature in India, do you invest in blockchain projects and which project in India do you see has the biggest potential to be the next unicorn?

Nischal: We need more startups that focus on India related problems and solve them through Blockchain and Crypto. Recently, WazirX and Binance announced a $50 Million USD ‘Blockchain in India’ fund to invest in Indian projects and startups focusing on solving problems through blockchain technology. Besides investing, we also look forward to partnering with traditional funds who believe in blockchain, and provide mentorship and support to student organisations and universities who want to set up blockchain technology incubators. We plan to help every entrepreneur trying to solve a problem with blockchain technology.

Anndy: I always see that blockchain and cryptocurrency have an interlinked relationship. But many said that cryptocurrency will grow but not blockchain. I don’t agree on this statement, what about you?

Nischal: I agree with you. Blockchain and Cryptocurrency are two sides of the same coin. It’s like the Internet (Blockchain) and Crypto (website). Usefulness to the public is derived only when both exist. When crypto grows, blockchain grows too, vice versa.

Anndy: Adoption for blockchain technology is slower than most projected. Do you think the adoption rate will increase and in which areas do you see the growth in?

Nischal: I think in the next 2 to 3 years crypto will go mainstream. It has already started disrupting payments, and will soon disrupt the supply chain as well. Most importantly, crypto can help the unbanked with financial inclusion.

We hope to see much more innovation in the Indian crypto ecosystem such that it solves India specific problems.

Anndy: Bitcoin is the leader on Coinmarketcap as we all know. Do you think there will be another coin that will go close to take over their position in the market?

Nischal: There won’t be another Bitcoin as it’s a decentralised asset class which is owned by the public. If it was a private entity then you could have thought of having alternatives. However, there are thousands of utility tokens and there will be millions of utility tokens eventually. These are crypto with specific use cases such as ETH which is used on Ethereum Blockchain, WRX which is used in WazirX for trading incentives etc

Anndy: Many are bullish on #Bitcoin, just for fun, how much do you think Bitcoin will be at the end of the year? $50,000? 

Nischal: If you look at the history of Bitcoin halving until now, you’ll see how it’s pushed its price up. Bitcoin halving just happened last week, and this event will add greatly to the momentum for 2020. Bitcoin is a global asset class, and it will be exciting to see how far up it goes now.

Moreover, Bitcoin was created in the 2008 financial crisis. Due to the COVID19 pandemic, we’re in the middle of another one. Crypto is showing signs of stability compared to the traditional stock market.

Bitcoin is slowly becoming a popular investment option in global economies with high inflation.

Anndy: The artificial inflation mechanism of the #bitcoin halving of block rewards will no longer have an impact on the price of the cryptocurrency when all 21m are in circulation. Well, we can look at this again in the later part of the year. 

Blockcast: Guess it is my turn to ask a few more questions before we end this interview.

Nischal: Sure Melody, go ahead.

Blockcast: Can you share some of your advice on crypto trading and speculation for the readers?

Nischal: Do research about a project before you invest in it. Read up the project’s whitepaper, the stage of development it is in, about the founders and their prior experience.

Blockcast: Last but not least, can you share an inspiring quote for our Readers?

Nischal: Crypto is getting started, and we are in the early stages of the revolution.

We are creating a new crypto revolution!

We are all early adopters, and it’s upon you to educate your friends and family about the crypto ecosystem. Keep busting misinformation around crypto and win!

Blockast: Well said Nischal. Thanks for sharing with us. We need to work together in these early stages to grow the crypto industry. 

Nischal: Thanks for your kind words Melody and thank you Anndy to facilitate this interview.

Anndy: It is my pleasure. I believe WazirX will be the gateway for crypto South Asia. “Stay local and be international.”

I hope to see you soon when COVID19 crisis is more controlled. There are many collaborations to be forged and a lot to chat about on DECENT can help in the process. 

Nischal: Thanks a lot, see you soon.

Blockcast: For more information about WazirX, you can go to https://wazirx.com/

 

 

Original Source: https://blockcast.cc/interviews/blockcast-exclusive-interview-with-nischal-shetty-founder-of-wazirx-we-are-creating-a-new-crypto-revolution/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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