Steve Nabil Lauritsen on Cryptonovae’s multi-exchange aggregator

0:01I'm Ashton Addison from event chain for investment pitch media in the crypto Coin Show and today on blockchain interviews we have Steve nabel lauritzen the board member of crypto Novae Steve welcome to the show and thanks for taking the time to be here thank you for having me it's a pleasure you're very welcome I'm excited to dive into crypto Novae your team has some

0:21really interesting things going on right now and this is the time to shine so let's just kick it off with starting with an overview in the focus of crypto Novae and what are the main problems that your team is solving for okay so you're familiar with exchange right or old Traders here and we can all agree that to trade in crypto you need to be in multiple exchanges to really

0:44take advantage of liquidity and the various opportunities out there now we're not really feeling it like that but this is a barrier of Entry this is something that for a Trader from Financial you know the traditional Financial Market from his perspective it's more time that I need to spend in you know learning how to um trade uh Traders love volatility so

1:10wherever they find volatility and liquidity they will go trade right we set the game they play it now we aim to remove this barrier of Entry by offering a software that simplifies create analysis execution and management not only that it does it in an interface that traditional Traders from the traditional financial markets are familiar with this will create a

1:34standard in multi-exchange trading software and I mean at the same time we're not forgetting of our own crypto Traders right we are offering functions that are some would say complex but they're so simple and so intuitive that when it comes to you getting to know crypto no way it's very easy it's just click click click you know so yeah definitely that

1:56that is exciting Stephen yeah you're right there is it is a barrier to entry to have all these different exchanges some of the trading pairs are only on certain exchanges you have to do separate logins and credentials for all of these and then never mind having centralized exchanges and decentralized exchanges as well um so to build an aggregator that can

2:15simplify that definitely saves a lot of time and I like that you mentioned also traditional Finance investors and Traders because that is something that is continuing to grow in the industry right now and they're used to traditional platforms so and so this is something that is needed in the market right now and I know that there are a few other you know Dex aggregators and

2:36multi-exchange kind of platforms that are in the works is there something about crypto Nova that makes it unique or gives it a competitive advantage in this time of building a multi-exchange platform okay I mean as far as we know right important uh no one has tackled the issue the way we are which is focusing on Simplicity right this is a software on your computer which removes all the

3:02risks Associated to going on the world wide web and you just click click that's our point right it's all about double clicks the platform is so intuitive it just has no Shadow at the moment as far as we're aware definitely and early on in the state in the stages of the project I know you're just launching uh right now are you looking to incentivize user adoption

3:27um more in the marketplaces as you're growing the tools or are you also just foreseeing because of a great product Market fit that there will be a lot of organic adoption sorry I missed you there and I missed part of the question can you repeat this no problem I was just saying in terms of the user adoption in the early stages because I know you're just launching are

3:45you incentivizing users to become early adopters or are you also expecting a lot of organic growth just based on the product Market fit growth is a bit of a self-fulfilling prophecy here where we aim to offer a software that has such high standards that once you're using it you will not only want to recommend your friends but you have absolutely no reason not to use

4:07it right we'll dive into it a bit later in terms of what are the costs and associations with the token right but if we can reduce your costs of trading why wouldn't you do it it's one more you know cost one more loss let's say in your p l it affects your performance it could be the difference between the winning year or losing you definitely and I like that you mentioned

4:32the the crypto Nova EA token I've been researching into it in terms of other exchanges you know Finance has their Finance token you're saving fees kucoin has a cool coin uh shares token where you're saving fees primarily is that something similar that has been built into the crypto Nova platform and if so what are the other functionalities as well of of the a token and how does it

4:53work within the crypto Novae platform cool I mean yes each exchange has their token what we're trying to do is create a unifying platform right so AI starts at first of all you'd get you know a free subscription when you're a token holder you'd get discounts and you have staking rewards and this is where it gets a bit more interesting right with your staking rewards you'd get a re-bage

5:19on the fees that you generate on these exchanges you can utilize both let's say BNB on bit on binance get your trading fees reduced and at the same time get a rebate on your trading fees for using AI token in our software so I mean it's a win-win scenario at the same time you know in our Marketplace EI tokens will not just give you a discount but it

5:47will remove all the commissions associated with both buying and selling right so there's multiple uh benefits within the the ecosystem or the crypto no way software definitely and I just wanted to touch further on the marketplace as you have mentioned a couple times in terms of having this aggregator do you still you know you still have to have accounts on each of these exchanges

6:10and then it just sort of Aggregates it in and is the marketplace being able to access different exchanges or are there other things in the marketplace as well I keep losing you Ashton I'm sorry no problem you hear me yep

6:37I seem to be having connection issues all of a sudden no worries you want me to re-ask the question please do sure so Steve you mentioned the marketplace a couple times there I'm curious to dive into that a little bit further in terms of is the marketplace just accessing all of these exchanges or are there other functionalities and products that are

6:58available in the marketplace as well okay the marketplace is not just accessing the exchanges of course there will be indicators that users can create and sell but at the same time we will be creating indicators and selling them in the marketplace right there will be Bots and there will be I mean trade managers there will be and these are going to be

7:21open software at the start so the users that buy these can you know add functions themselves let's say I don't know let's say you have a trade manager right and and we set up a trade manager that is fairly simple has four take profits multiple stop losses a trailing stop and the time-based cancellation order um you acquire this this uh trade manager and you'd like to add what say

7:48you alerts and at the same time a function that your stop loss equals the previous uh take profit levels you can profit by adding this software to the marketplace you know and this is how you know we just keep growing that's really interesting so it sort of Open Source where if people have built their own softwares you can have that in a Marketplace potentially earning yay

8:16I'm guessing uh to be able to sell products as well as buying other people's products exactly saving on the commissions very cool and can you give a a glimpse of just in a snapshot of just where you're at right now I know you're launching uh you know around now but there's all these other products you're having you know what is the timeline like for right

8:38now and and maybe in the next six months where do you expect to be I mean in six months we expect to be already uh ready for lunch I mean already launched If we're honest we expect I mean we're brushing up on the final details we're kind of you know making sure the code is audited properly making sure everything is set to standard and works right and

9:03everything is just click click and this is I mean we expect somewhere within the next four months five months to be able to to fulfill it definitely and I know that you already have been working on some major Partnerships and getting investors already pre-launch as well can you touch on the details surrounding that if possible of course we have many Partnerships and

9:27like you know Works already established right I mean we are uh we are multi-exchange trading software right um at the same time I mean I can't mention specifically because of for NDA reasons for these Partnerships are but there are two that I'm really excited about and and these are you know more linked towards the the cross-exchange liquidity Gateway part of the crypto no

9:52way um one of them one of the Partnerships is a bit of a two-way street with a blockchain based liquidity Gateway um we're all very excited about it we can't really divulge too much but we expect to to announce this shortly um the other Partnerships comes more from a traditional Market background um it is one of the largest liquidity providers and market makers in this

10:16space at the moment and I mean we expect them to help us grow into the liquidity gateway to the exchanges that you know retail Traders should be able to so enjoying on a day-to-day basis when they're trading not just the heavy institutions right definitely I'm glad that your team is also focused on the retail Traders and smaller Traders and investors and also that

10:44you're focused on liquidity because as as an aggregator that's going to be super important especially if you're trading lower lower multi uh market cap coins as well so I'm excited to follow along for those Partnerships and fair enough that you can't release it yet I know your pre-launch and you have a lot of Partnerships in the works so I I will wait for that

11:05um now I just wanted to touch once more on your Revenue model I know that you have a subscription you mentioned but there's also the marketplace and part of the revenue model is a b2c but also B to B so seems like you have multiple revenue streams going on maybe you can touch on you know where do you see the primary focus is or do you just see being able

11:26to service all of these different kind of consumers okay I mean the b2c model is quite clear right there is a subscription fee for those that do not stake guys and out of this subscription fee we of course there is a rebate to Yaya token holders on the B2B side

11:52I mean liquidity is King right this is this is the power of the crowd when we're unifying we're creating this standardization in the industry we kind of have a more bargaining power we say this bargaining power leads to rebates on the fees so part of the rebates go to the Traders part of the rebates go to crypto Novae and again this is kind of like an Ever Spinning Wheel because

12:15these rebates are then used to to burn tokens right so it's it's an ever-evolving Revenue model okay good to know thank you for that and I know you're pre-launched but in terms of the long-term growth and success of crypto Novae what do you see as being some of the main factors in determining you know getting to be a part of that mainstream adoption as the multi-exchange

12:40aggregator I would love to say user at the option but I don't really believe user adoption is the case here I think it goes more hand in hand with with leads and and reach um if we are a success it means that our software really delivers a really easy experience uh Flawless for Traders so there's absolutely no reason why someone would not use it and that's why I say

13:08you know not exactly user adoption rather leads and reach definitely good answer and on the flip side what kind of challenges do you foresee having to overcome as you continue through the growth I mean standardization has as a flip side right it's it's a bit of a blessing and a cure it's not entirely in our hands we need to work closely with

13:36exchanges we need to uh have these discussions where I mean we're already in discussion with various exchanges right but we need to go to all of them and and make them understand how they have to focus on developing a trade execution engine while we focus on developing the front end and the whole trade analysis tooling and trade execution and management tools right

14:02that's no not an easy fit definitely and that is a feat but once it is done then uh I think good things will come your team's way um now for the viewers that are looking to follow along uh for the launch and you know learn more about the marketplace and and the aggregator what's the best way for them to get into the community and to learn more of course through our social media we

14:26try and engage always uh with everyone through Discord I mean we have multiple languages well the team speaks multiple languages so just come join us you can find all our links in cryptonova.com uh Beware that it's the.com domain there have been some issues already so yeah just find us on social media we're reachable sounds great Steve I will leave the

14:50website link and the socials in the description box below as well for the viewers thank you so much for taking the time for the interview all the best with the upcoming launch and let's follow up in the near future thank you Ashton have a good one