Blockcast.cc’s Interview with Founders of EOSDAQ- We Believe in EOS!

Blockcast: Hi Seihyun, Hi Peter, Welcome to Blockcast! This is the first time that we are doing a double interview, I’m very excited! First of all, can you guys do a brief introduction on yourselves? Your experiences, and how you got into the blockchain industry.

Seihyun: Hi, great to be here. I’m Seihyun Jeong. I studied Computer Science at USC and Hanyang Univ. I worked in Head-up Display Software development at Hyundai Mobis for 2 years. After realizing the blockchain technology was aggregation of all computer science fields, I analyzed and invested various kind of projects from the tech perspective. Finally, I convinced myself to dive into blockchain with expertise in software development.

Peter: Hello, my name is Peter Kim. I studied economics at New York University. I had worked in Risk Management at Citi for 3 years (1 year in New York and 2 years in Korea). While thinking to make a career switch to Fintech, I started investing in cryptocurrency. I found out that there is a connection between cryptocurrency and blockchain and also felt that blockchain could possibly revolutionize the financial industry. I wanted to be part of this exciting upward trend. 

Blockcast: I know that you two started a crypto exchang named EOSDAQ. Please introduce your exchange to our views, what you aimed at and maybe the road map too.

Seihyun: EOSDAQ is an on-chain DEX (decentralized exchange) built on the EOS blockchain. EOSDAQ supports fast and safe trading of EOS native tokens. All transactions are executed on the EOS blockchain, which guarantees transparency, security and stability.

Peter: Starting off as EOS-native DEX, EOSDAQ pursue becoming the world’s leading DEX. For this, we plant to accommodate sister chains within EOS and other chains, including BTC and ETH, in the near future.

Blockcast: What are the challenges EOSDAQ faces? How you plan to solve them.

Seihyun: One of the challenges we are facing is the low liquidity in the whole cryptocurrency market. In the short-term, we are now conducting airdrop events 2 to 3 times a month. However, for the organic growth in the long run, providing a safe and fast exchange service in a stable manner is more important than anything else. Therefore, now is actually a good time, when the market seems a bit stagnant, to hone our fundamentals as DEX and prepare for the next step. So, we are now in the process of automating our processes behind the scene in order to minimize human errors.

Peter: Well, another challenge might be that EOSDAQ has dependency on the EOS blockchain. However, over the past 6 months, the EOS blockchain has stabilized significantly, and we have not seen any other blockchain that can accommodate an exchange service better than EOS.

Blockcast: What is your views on the current crypto market? Korean market?

Seihyun: Cryptocurrency is the representative of Blockchain service which has an economic value with very natural cycle. Last year the overall crypto market experienced a sharp and now entering into the bear market. The crypto market is borderless, and Korean market is moving parallel with the global crypto market. Korea-based Blockchain companies in various fields including funds, exchanges, platforms and DApps are now starting to acknowledge their own identities and objectives. I do believe these entities will accomplish milestones step by step. Numerous projects will penetrate to real life in the near future, and the Korean market can, once again, become one of the leading markets with qualified DApps on the back of token holders and government.

Blockcast: Anything else you’d like to share with our viewers?

Seihyun: For those who may not be as familiar with EOS as other blockchain such as Ethereum, Bitcoin, Ripple, etc., I would like to point out the very basic components of EOS. EOS blockchain has the most potential for the real-life application. Its TPS (Transactions Per Second, currently at 4,000) certainly differentiates EOS from other blockchains. Ultimately, what really makes EOS prominent is the flexibility of its community, which enables to find solutions for the issues that have not been resolved yet. In the very center of the whole blockchain ecosystem, stands EOS as one of the industry’s pioneers, and we believe that numerous solid projects will start to prosper based on the EOS blockchain soon.

Blockcast: Thank you, Seihyun. Thank you, Peter. All the best to you and EOSDAQ!