Sergey Storozhuk is the Lead Blockchain Developer in IX Wallet. Driven by a vision to provide convenient solutions to its customers, the IX ecosystem strives to reinvent the traditional saving system by utilizing modern technological advances and thereby, generate a distinctive passive income stream.
Sergey previously worked at Stratis, a company that specializes in developing private blockchains for contractors. Sergey is Ukrainian but has lived almost 10 last years in Israel.
CryptoNewsZ: Hello, Sergey, so good to finally meet you! Firstly, in your opinion, how has the crypto market changed in the last few years?
Oh, this single question can take up all our time, but I’ll try to be short. You see, as time passes, people become more aware of cryptocurrencies and underlying technologies. They discover crypto as a viable payment option, tend to use it and start spreading the knowledge. However, exceeding popularity has also brought complications to mining and completely eliminated this way to obtain crypto.
CryptoNewsZ: So, this brings us to your work. How did the idea strike your mind?
It all started with our trading software. After being involved into many different crypto projects, we have acquired a solid background, decided it was time to step back from being outsource developers and create our own product. Back then, when developing arbitrage trading algorithms, we never thought that our robot will provide the basis for IX Wallet.
CryptoNewsZ: You’ve been developing IX Wallet for the past year. What was the initial reason to start?
Well, it was kind of a split-second decision. We have used different crypto wallets in the past, but when we first saw the returns from the robot, it became clear that existing solutions just didn’t fulfill our requirements in any field. Out of frustration, I decided that it can be done much better.
CryptoNewsZ: So, IX Wallet started as your pet project, right? When did it transform into its current state?
We’ve reached the point, at which our wallet became so advanced and convenient that we started thinking about how we can try to get more people using it. You know, when hearing about crypto, people always imagine profits. No one is going to pay for simply using the wallet, while there are still free alternatives on the market. Our elegant solution was to integrate our trading robot with the wallet, so users would also benefit from it.
CryptoNewsZ: What are the technicalities of IX Arbitrage Bot? How does it stand out from its counterparts?
Well, our trading robot is by far the most advanced arbitrage software that has been created. It’s developed upon a wide neural network; therefore learning capabilities can exceed even the highest expectations. IX Robot is being updated continuously, recently we have modified the algorithm to ensure better returns and it made a drastic change: +1.5% of the additional daily return.
CryptoNewsZ: The IX Ecosystem ensures best offer rates and enhanced operating speed through its soon-to-be-launched Crypto Terminal Network. Kindly elaborate.
A crucial condition for a growing company is to correctly integrate services into everyday life. Vital part of our demographics has limited access to the Internet. Our intention with this network is to give users instantaneous access to our system, even when your data limit is exceeded. We have partnered with the largest Crypto Terminal providers in South American countries, firstly to prove the concept and test it in the field. After that, we’re fully open to expand the network.
CryptoNewsZ: The main line of IX Ecosystem products is estimated to be released in 2QT 2020. How is the project progressing? What shortcomings does it intend to resolve?
We’re expanding swiftly and progressing in strict accordance with the roadmap. Our main task is to establish a new crypto-economical force and integrate it into traditional institutions. As we move further, we want to improve the current market and provide more people with the ability to safely manage their funds and get the best services through our Ecosystem.
CryptoNewsZ: Talking about future, IX Wallet’s roadmap shows that you guys are set up for success and thinking globally. Still, how far do you want to go with this project?
As far as it gets us! (Smiles) Really, IX Wallet is our flagship now, it’s our way of life, so we want to make sure that as many users could share this experience with us. We have successfully launched on May 10, from that time it’s only been expansion and evolution for us. One of the main things that we have to do with IX Wallet is integration with many popular services and addition of convenient features, like a built-in exchange platform or establishing crypto terminals. Our project has a long way to go and we’re fully satisfied with the pace!
Well, we have so much more to ask you about, but, unfortunately, our time’s up. We wish you luck with IX Wallet and hope to see you dominating the world market!