What's good in the hood, folks? I'll tell you what. Today my guest is Halil Beydilli — Bitcointry Exchange & Token Founder
Chris: Hi there! Thanks for being here. With Bitcointry you get everything you need, Simplified — that's your head line. Can you tell us more what do you mean by Simplified?
Halil: First of all, thank you for wanting to interview me. I'm welcome.
What do users want?
Users want to buy and sell cryptocurrencies quickly, without the need to disclose personal information. And users want this process to be as inexpensive as possible.
Investors use CEX or DEX exchanges to buy cryptocurrencies. These exchanges have their pros and cons. Users have to provide their e-mail addresses, phone numbers and even all their personal information to the exchanges in order to invest in a cryptocurrency on CEX exchanges. This can get really boring sometimes. And most importantly, there is no choice but to trust the exchange for user privacy.
On the other side are the DEX exchanges. Everything is fine with what I'm talking about here. No information is requested from you. You can only trade by connecting your address to the system. This is happening really fast. The problem here is that the Gas fee is paid in every purchase or sale transaction. Users have to pay high gas fees even for a $1 transaction.
We developed Bitcointry.com to solve these problems. The process of users logging into the system to invest works like a DEX exchange. No personal information of the users is needed. No information is recorded other than the address that users connect to the platform. And this process happens in a few seconds. It's really fast. On the other hand, when a cryptocurrency wants to buy-sell, it works like a CEX exchange. Transactions can be made with very low transaction fees.
We designed our Exchange platform so that users can transact quickly and reliably. We have integrated Web3 technology into the most critical areas of our platform.
Chris: Got it. Can you speak about the security of the system please?
Halil: On the Bitcointry platform, login transactions are made with Web3 wallets (Metamask, Trust Wallet, etc.). We do not record any information other than the Wallet address of the users. In this way, will my account be stolen in the mind of the user? Will my personal information be disclosed? such questions do not arise. Likewise, deposits and withdrawals are made with Web3 wallets. Users can quickly make deposits and withdrawals with the wallet they log into the system.
As an additional security step, we have integrated two-factor authentication into the system. We recommend all our users to activate it.
When 2FA is activated, even if the user's wallet is stolen, the platform cannot be accessed and the user's balances cannot be transferred. We strive to do our best for users to feel safe on our platform.
Chris: Thanks. So what are the main features that users can benefit from?
Halil: Our platform is very new, we are constantly working on new ideas so that users can enjoy trading on our platform. On January 2, we launched the Bitcointry Token (BTTY). 1 billion BTTY token was issued. We burned 500 million before launch. We added 350 million of the remaining amount to liquidity and locked it for 1 year. The 5% amount reserved for the team is locked for 6 months. Users can earn earnings by purchasing and HOLDing BTTY Tokens. Users can stake on our platform with BTTY, this way they can earn passive income. In addition, our users who pay their transaction fees with BTTY tokens can benefit from a discount of up to 50%.
Moreover; We will organize competitions on our platform that our users will love. They can make a profit in these competitions.
Chris: I can see you do have compatibility with different devices. How important it is to have these options for your users?
Halil: Limiting users is never the right way to go. We must set them free. Users can trade securely with their personal computers, mobile devices and our Api page. Users should be able to seize an opportunity as soon as they see it. They can trade instantly by connecting to the platform from their mobile devices. Or, they can buy and sell automatically with their own API keys, without ever following the market.
Chris: Can you talk about Coin listing, and Token listing with you?
Halil: We follow a very transparent way of listing Coin/Token. As much as we can, we will list projects that are beneficial to the ecosystem, creating value, free of charge. All they have to do is contact us. We will provide the support we can.
Chris: On a personal note: how old is the company and how the initial idea came into play?
Halil: I met the cryptocurrency ecosystem in 2013. I was first interested as an investor. Then I realized that there are only 2 cryptocurrency exchanges in Turkey where I can trade. Worse, these exchanges only had BTC/TRY pair. None of the other cryptocurrencies did. But I wanted to buy a different cryptocurrency. This desire of mine gave birth to the idea of establishing a new stock market in Turkey. Thus, I established my first cryptocurrency exchange in 2017. After successfully operating it for 4 years, I transferred all the rights of the stock market to another company in 2021. These 4 years have been a great experience for me. I continued to support until the middle of 2022. After a month of rest, I started developing the Bitcointry project.
It was launched on January 1, 2023. On January 2, 2023, the Bitcointry Token was launched. Bitcointry token made a big splash in 3 days. We were listed on Coinmarketcap on day 2 and on Coinmarketcap on day 3.
Chris: What are your thoughts on the state of the crypto market in general?
Halil: As I said, I met this sector in 2013. I've seen a lot of ups and downs. We have been in a bear market for a long time. I think the bull market will come soon. I think 2023 is the year of recovery for Bitcoin. Because more and more people are learning every day. More quality projects are being produced. That makes me happy.
Chris: What are your you plans for the foreseeable future? 3-6 months.
Halil: Our staking platform will be activated in a few days.
Our listing negotiations for Bitcointry Token (BTTY) continue. We communicate with more than 20 cryptocurrency exchanges. Our first listing will come soon. We continue to develop our stock market. We continue to work for our stock exchange to be listed on Coinmarketcap and Coingecko platforms.
Currently, Ethereum(ERC20) and Binance SmartChain(BEP20) are integrated and active on our exchange. We are working on integrating new networks into our system. We will integrate many networks, especially TRON, OPTIMISM, SOLANA, into our system.
Chris: Thanks for your time. Any last word?
Halil: As a team, we believe in this project and we work hard. It is our greatest desire for Bitcointry Exchange and Bitcointry Token to grow and add value to the ecosystem. We are working for solid and stable growth, not rapid growth. Greetings to the entire cryptocurrency family. Thank you so much.