Imagine a world where all you had to do, to buy anything, hire anyone, launch a business, invest or learn about cryptocurrency, was to pay a few cyber coins with the click of a button.
Imagine being able to raise funds for your next venture by just putting out a team project outline, and being able to pay all your team members with the same cryptocurrency.
Imagine no more. Vestarin is a blockchained platform with its own ETH-based cryptocurrency connecting merchants, markets, investors and experts via a single system token.
Here is how it works. The Vestarin team are creating a commission-based platform for e-commerce and entrepreneurialism. The common token creates a form of monetary exchange for customers – whether they are shopping for consumer goods or trying to raise funds for their next start-up. All users need to participate in is the system-based token. Further, holders of the token are rewarded by a regular dispersement of income garnered by the commission fees of ongoing platform business.
We recently sat down with Said Radzhabov, the founder of Vestarin to have a chat with him about the project as well as finding out their thoughts and insights.
Thanks for joining us today. Can you tell us more about yourself and Vestarin?
I am serial Entrepreneur and was a Chief executive officer at Crypto-Angels trading company. An early adopter of blockchain technology with a genuine interest in fintech and new technology. And now I am a Founder of Vestarin. Vestarin is an ambitious project, we are going to create something really big in the crypto world, and to solve a lot of problems existing on the market for today.
Find the right people to work on the blockchain projects. Spend crypto for daily needs, or shopping, or restaurant, or service, without changing it to fiat money. Be more informed from trusted people about new ICO start-ups before investing in it and a lot more features, such as informational base, news, forum, mining farms market, and for business to integrate an establishment or a shop in any country and get a profit in cryptocurrency.
You are talking about creating an ecosystem of cryptocurrency commerce, basically between merchants, service providers, entrepreneurs, and investors. What is going to be THE driver that brings an audience to the platform and sustains it beyond a general need and how do you intend to harness this?
The driver and the main way it is a marketplace. We don’t need to ask people buy crypto, they already own it for 600 billion in total, so the only thing we should do, Is to bring merchants to our platform and after we can attract people to do their purchases for crypto.
How did you come up with the idea and what was the thought process behind it?
To the entrepreneurs the ideas come from the pain, we are artists not in painting or music, but in solving the problems. I found some problems, and my mission is to fix them.
What is the biggest problem within the industry or do you think there is a gap in the market for Vestarin to fill?
The biggest problem globally – it is a chaos, there is no systematic in things we use to. In Vestarin you just open the menu, and you have almost everything what u need in daily crypto usage, you don’t need to look for it trough that chaos we have for now in the market.
Why did you choose to use Ethereum as your blockchain of choice?
This blockchain is the second biggest and trusted network in crypto, I am sure that there is no base more attractive than Ethereum in the market.
In the whitepaper, you talk a great deal about the mainstreaming world of cryptocurrency in general, and it is clear you are intent on hooking up as many exchanges, businesses, and entrepreneurs as possible. But what you do not talk about much is regulation. Why not? Are there certain industries you will try to focus on at first because of a certain regulatory looseness around them (i.e. media and advertising vs. healthcare?)
We are not a government to talk about regulations. Regulations changing daily, we need to wait until the whole world will give a word on paper to their laws about crypto, and then let’s talk about it.
What are the services you plan to offer that excite you the most?
We are not a service, Vestarin it is a platform for the service providers.
What has been your happiest moment so far working on Vestarin?
The happiest moment was just a few days ago when I have seen the Demo of the product we are creating. It was an amazing feeling. You know when a few month ago you had just an idea, and now you are taping on it on your phone in real life, this is really cool.
On the flipside, what has been the most painful, or perhaps the most regretful decision you’ve made with Vestarin?
No painful decisions so far, thank god everything is near to perfect.
What is the indicator you are looking for to tell you that you have begun to achieve your mission?
At least 100 000 people using the app daily would be a great sign that we are moving the right way.
What do you think is the biggest challenge or obstacle VST will face? How do you plan to tackle that challenge?
The biggest challenge is a number of people we are looking to attract. The GOD level for us with vestarin is to build the community of crypto, who use the platform daily, like must-have for all the crypto-enthusiasts. This is the huge number of people, however, we should bring EACH of them from the market to the platform.
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Blockchain and cryptocurrency are here to stay. As they mainstream, new platforms are emerging to help manage this new world and the ecosystems they are creating. The recent news that a church in Zurich Switzerland is bringing the age-old custom of tithing into the 21st century by beginning to accept
Moving on to more personal stuff, what does a typical day in your life look like?
It is very boring, to be honest, we all meeting at the office every day including weekend, open our laptops and working like a zombie 10 to 15 hours a day. 2-3 times per week there are some planned meetings on the outside of the office or even country, and after again working non-stop.
Can you express one personal opinion of yours about the blockchain? It doesn’t matter if it’s negative or positive, we just want to hear your thoughts on it.
In my opinion, the blockchain based software are very complicated, we should make it easier to understand and to use, and after we can start to grow X times faster
Finally, what other personal goals (besides your career) do you have in life? Is there anything else in life you want to achieve?
Let my personal life still remain personal.
That concludes our Interview with Said Radzhabov
We’ll be scheduling even more exclusive interviews like this in the coming weeks to delve into the minds of what makes a blockchain startup tick as well asking the questions you want to know the most.
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