Recap of Intro with Andrey Diyakonov, Choise.com CCO | August 30, 2022

Sep 02, 2022
08:09
2 min reading

Choise.com team

Speaker: Andrey Diyakonov is a Chief Commercial Officer at Crypterium and Choise.com, also spearheading Crypterium’s unique B2B program.

A seasoned business development executive with a proven track record in the industry, Andrey is leveraging his experience and a set of soft and hard skills to set up and lead “A-Team players” across multiple businesses. An avid crypto adopter, Prior to joining the industry, Andrey has ran and staffed political campaigns in the EU, and represented 2 countries in the United Nations program UNAOC.

It truly is amazing, how crypto gathers people from so many different spheres of life and business.

One CHO token for $3 million? What happened on the weekend? You are listing only on August 31st.

“One CHO token for $3 million? → one wishes, ha?

In all seriousness, this is what happens when a centralized player has a tiny tech mishap.

Gate.io – our partner and a secondary market for CHO starting tomorrow had a misfortunate turn of events that led to an early opening of trades for CHO.

Due to technical malfunction, trading with CHO has opened prior to official trading kickoff. As you know, a lot of trading activities on such a big and institutional-level exchange is done by automated strategies set up by institutions. Naturally, those algos are trained to start trading when opportunities open up. And so they did!

Within a split second, we hit an ultimate ATH – if I am not mistaken the highest price for any crypto market out there, ever, albeit a virtual one.

Of course that led to a lot of FOMO from all sorts of players and traders.

Everyone wanted to buy CHO low on other markets and sell high there.

Little did they know that deposits were not enabled – and that’s good – and trades were being executed virtually, in a naked manner – with no CHO changing hands.

By the time gate.io folks have gotten a hold of a situation, lots of trading activity has taken place. Luckily, our partner was wise enough to reverse and cancel out all the trades, resulting in a whopping ZERO of people losing their funds. We came back to square one.

It’s safe to say that no one was hurt financially, except for a few gray hairs and lots of raised eyebrows.

Heard of stress testing, you guys?

Well, that was one.

And needless to say, we topped the ranks and made the news once again – I take it to be a good sign. Do you?”

Will the token repeat such price jump on the actual listing tomorrow?

“Yeah, everyone wants to know when we are hitting another ATH for realz next time around.

In all fairness, it’s tough and nearly pointless to make predictions in this situation.

There are a few good reasons for that.

As you’ve seen, a modern exchange is a super optimized centralized machine populated by flesh and bones and automated traders alike – and it’s them that are primary drivers of price movements.

It’s important to notice that we grew 5x in trading volume organically – so it’s a great indication of us getting on people’s radars.

Gate.io situation is just one reason for that – we have recently increased the number of testers for most of our products – and our Charism protocol is being used by more and more members of the community.

Exercise your sound judgment and remember that any listing is a time accompanied by increase in volatility.

So hedge your bets and trade wisely.

Pay attention to fundamentals – especially ours.”

Is it difficult to list the token at this time?

“I appreciate your interest in such matters.

It depends on what you have got to list, you guys.

If you’ve got a solid project with a great token built on strong tokenomics – it’s not difficult at all. It might be different for some other token, not like CHO.

And it’s another opportunity to reflect on our fundamentals and value brought in by Choise.com and CHO.

We’ve got quite a traction to show.

Just take a look at how nice CHO has done following the listings – it climbed the ladder, doing 6x to IDO price.

It’s really good, especially if you take into account general market sentiment.

And there’s more where it came from.

We are constantly working on and launching new products. Look out for our newest addition – to be available soon.

Our own NFT interest accounts.

Isn’t it amazing? You get to keep your cool NFT and earn off it.

So to put it shortly, CHO is a great token to list and is attractive to work with.

Let me boast a bit – we’ve got so much interest from exchanges – we have managed to become picky about exchanges. So work on bringing you the best.”

Why is the price of CHO rising, but CRPT is not?

“Appreciate that our community is not forgetting about CRPT.

Let’s just make sure everyone is up to date with what’s the differences between CHO and CRPT.

As you recall, Choise.com is a MetaFi platform with a strong foothold in CeFi and best in class services in DeFi .

To put it shortly, CRPT is the main utility token and fuel for our fiat and fiat-2-crypto services, including our cards and bank accounts.

So CRRT is focused on CeFi and fiat services.

Now let’s examine CRPT metrics.

When you take a closer look, you realize that CRPT is traded sideways, so not much volatility is happening there. This reflects the fact that CRPT trading dynamics are mature, with deep liquidity, and no major players to sway price in either direction. That’s a major achievement for any token out there.

It’s a mark of approval, as this is something that any asset needs to have to attract institutional capital and smart money.

And I am proud to say that this is exactly the situation we find ourselves with CRPT. It has got deep liquidity and strong instituional demand on world’s leading exchanges. Think Coinbase, Gate.io, Huobi, Kucoin.

CRPT dynamics also reflects the fact that Crypterium CeFi and fiat products have managed to attract and sustain a certain level of maturity. They are here to stay for good.

As more DeFi services are being launched, more interest and demand for CRPT will be out there, thus resulting in positive price dynamics for our original token, CRPT.

The endgame is to create and uphold a sustainable system with use cases and organic demand for both token, CRPT and CHO.”

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