DeFi

ZKX founder Eduard Jubany Tur on perpetual futures, the growth of DeFi in Asia and how DeFi can democratize finance

Published

9 months ago

10 May, 2024

Eduard Jubany Tur, the founder of ZKX, a decentralized perpetual futures exchange on Starknet.

Last updated: May 10, 2024, 10:55 a.m. EDT | 4 minutes of reading

Eduard Jubany Tur, the founder of ZKXa decentralized and perpetual futures exchange on Starknetsat down for an exclusive interview with Cryptonews Podcast.

He spoke about the growth of the crypto industry in Asia, home to most of the early adopters, and the region’s key importance to the industry.

Tur also discussed the differences between crypto users in Asia and the rest of the world, noting that most people are nonetheless still on centralized exchanges rather than in DeFi.

It is currently difficult to get people to migrate to DeFi given its overall complexity, but there are clear solutions, Tur noted.

Crypto Growth Begins in Asia

While working in venture capital, Tur was based in Taiwan, which gave him a clear view of the Asian market, he said.

He has helped startup founders in various countries including Indonesia, India, Thailand, Korea and China.

Through this work, he was able to discover the strengths of each country and the specific issues each faces.

Notably, the data showed that “the bulk of crypto growth has historically come from these markets in Asia.”

Most of the centralized exchanges we know today and many projects originated in Asia.

And thus ZKX was born.

With a very interesting combination of real market knowledge, market gap 👉 To come up with an offer that no one thought of.

– ZKX (@zkxprotocol) March 3, 2023

However, what Tur and his colleagues found was that centralized exchanges were very successful in targeting users in emerging markets.

On the other hand, DeFi projects have not.

Cryptofolks in Asia are very different from the rest of the world

There are key differences between Asia and other parts of the world, Tur explained.

The first is demographics. Asia has a much younger population, whose purchasing power is also growing massively. They begin to have more disposable income to invest.

Another notable factor is that Asia has many more people who take risks. They are more willing to try new things and adopt new technologies.

“It makes a huge difference when it comes to overall crypto adoption,” Tur said.

However, each country also has its own unique characteristics.

For example, South Korea and Japan are huge markets for crypto. People here are more willing to hold coins for the long term and are often passive investors.

China, Hong Kong and Taiwan are moving more towards derivatives and leveraged trading. There are more risk takers here.

There has been a lot of discussion about Hong Kong on crypto Twitter. Hong Kong matters in Asia and global financial flows, here’s a thread to detail why you should keep an eye on Hong Kong if you’re in crypto 🧵

– Édouard (@0xEduard) February 24, 2023

The Philippines, Indonesia and Vietnam are also key markets where people have started farming new coins. People here may have less disposable income, but are still willing to invest and offer asymmetric bets in the ecosystem.

Additionally, some Asian governments have been relatively crypto-friendly, which has encouraged industry growth and crypto adoption.

That said, it is important to note that most of these users “are still very much oriented towards centralized exchanges”.

Getting people off centralized exchanges and onto DeFi

Millions of users are present on centralized exchanges, and only a few hundred thousand are actively trading in DeFi, Tur noted.

Changing this will require many improvements across the entire DeFi user experience.

A key element is account obstruction. It will provide users with a way to replicate Web2 experiences, but with the benefits of Web3.

There are a lot of interesting design possibilities around account obstruction that should really simplify onboarding, Tur noted.

Another key element is location. This involves providing products in local languages and adapting them to the needs of users in each particular area.

We connect traders around the world with multilingual support 🌐

Aim? To enable everyone to trade in their preferred language, no matter where they are 🤌

This brings us closer to our vision of providing equal opportunity to all in DeFi.

2/2

– ZKX (@zkxprotocol) May 4, 2024

Finally, DeFi has a developer-oriented culture. While this makes sense at the beginning of an industry, it’s time to move to a user-centric approach.

It is therefore necessary to create simple, understandable and attractive products that provide value to users. This way, new users will arrive on DeFi on their own.

This is the part of the cycle we will face in the coming years, Tur said.

Even the losers are rewarded

There is now a need for innovation that will push users towards DeFi, away from centralized exchanges.

A gradual improvement of infrastructure would not be enough. What is needed is innovation in user experience.

• Rewards eligibility increased from 10% to 50% of traders, meaning more traders will now dip their toes into the rewards pool 💸

• The top 3 PVL traders will receive the largest share of the token, while the other winners will receive an equal amount.

2/5

– ZKX (@zkxprotocol) May 9, 2024

Most trading experiences in DeFi are now boring, Tur said. They are just trading terminals without a dynamic and engaging experience.

Therefore, ZKX’s mission is to make trading social and gamified within DeFi, Tur noted. This may encourage users to start trading within DeFi.

ZKX, for example, held 30-minute trading competitions with three ranking categories: volume, profit and loss.

This means that even losses benefit from some incentives, because these traders also contribute to the health of the protocol, Tur said.

It’s a balance that the platform has strived to build: being a serious, scalable, reputable and trustworthy platform within DeFi, but still simple and fun.

After a few years of hard work on ZKX, we are finally proud to announce that the token will be available on 6.6.24. I am truly grateful for all the support received during this time and can’t wait to begin the journey! https://t.co/BDlync34Wt

– Édouard (@0xEduard) May 1, 2024

____

That’s not all.

In this interview, Tur also discussed:

his pre-crypto background and Web2 experience;
mining Bitcoin in 2014;
building geolocation and digital mapping services on the blockchain, now one of DePIN’s use cases;
why the team decided to create ZKX on Starknet;
30-minute ZKX trading competitions;
perpetual swaps and futures contracts, and how they differ from each other and from other trading instruments;
create user-centric platforms that cater to traders of all levels, encouraging engagement while ensuring accessibility.

You can Watch the full interview here.

__________

About Eduard Jubany Tur

Eduard Jubany Tur is the founder of ZKXa decentralized and perpetual futures exchange on Starknet.

His background in technology and finance has led him to address some of DeFi’s most pressing challenges, such as accessibility and user engagement.

With the aim of making DeFi more accessible and efficient, Tur has been at the forefront of integrating gamification into trading, improving the learning curve with innovative solutions.

Beyond that, Tur and ZKX also leverage Starknet for its scalability, advancing commerce with security and transparency and fostering community governance.

Fuente

DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

No spam, no lies, only insights. You can unsubscribe at any time.

Fuente

DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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