Listen to this articleBelow is our recent interview with Mathieu Sicsic, Co-founder at Cryptonovae:
Q: What is CRYPTONOVAE? Could you tell us something more?
A: Cryptonovae is an all-in-one cryptocurrency trading ecosystem, with the core piece being our multi-exchange trading software for centralized and decentralized exchanges. With highly sophisticated trading features, we aim at bridging the gap between traditional retail trading standards and crypto trading markets, the latter still don’t provide a homogenous and intuitive trading experience most of the time. Unlike other trading tools or exchanges that often only offer minimal tools, Cryptonovae provides traders with advanced charting and screen features that allow for multi-timeframe and precision charting across multiple screens.
Trading on the chart and setting multiple stop-loss and take-profit strategies are just a few of many trade management features. Through a native automated trading tool, traders can implement bots from our integrated marketplace which features a variety of off-the-shelf products as well as customized trading bots from third party providers.
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Q: How did the idea behind the platform come about?
A: Having traded on crypto markets for many years, we’ve always had a frustrating trading experience, especially after years of being accustomed to the standards of traditional market trading softwares. One does not easily lower their expectations and standards: trading on various crypto exchanges, with the limited tools at our disposal, left us craving for homogenous – and most of all sophisticated – trading possibilities. So, from what was a very selfish idea in the beginning, Cryptonovae was born – a tool that would unite all the exchanges, functions and possibilities in a simple and intuitive way, enabling us to finally trade the way we knew was optimal.
Q: What are the biggest benefits for crypto traders?
A: One of the main benefits for traders is our unifying approach – being able to trade on CEXs and DEXs with state-of-the-art tools and, at the same time, honing one’s own trading skills through the integration of automated trading strategies available through our marketplace. While traders have the choice of a variety of ready-made bots from third party providers, there is also the option of ordering custom products. Making it possible for traders to trade in the most flexible and efficient way is key here.
Q: What’s your revenue model? How are you funded?
A: Our revenue stream is based on three pillars mainly. While we offer the software access based on a freemium model, we encourage traders to actually use the platform through gamification engagement. Additionally Cryptonovae will offer a subscription plan with all exchange connectors enabled and a premium support service. As a third pillar, Cryptonovae’s revenue stream stems from its marketplace: a vast choice of non-financial products, such as analytic tools, and through the fee-based transaction system between buyers and third party providers.
All payments on Cryptonovae – subscriptions and marketplace payments – can be made with our native token $YAE, which provides our users with various benefits, discounts on payments being only one of them.
We have been seed founded in a first round 12 months ago through private investors and are currently in the hot phase leading up to our Token Sale.
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Q: What are your plans for the future? Do you have any new features in the pipeline?
A: When building a house, there is only one way of doing so – build a solid foundation before you even start thinking about decorating the interior.
We poured countless months and funds into developing the alpha version of our product, which had been extensively tested and are about to release our beta version within the next weeks. Additionally, we have our ICO imminently on the roadmap, followed by the go-to-market version of Cryptonovae and its marketplace. One can say we are having an exciting time with more excitement ahead of us.
