Koinex: Fuelling a Blockchain Powered Internet in India
Rahul Raj, Aditya Naik & Rakesh Yadav
'Made in India'&'Made for India'
By July 2017, the entrepreneurial musketeers, Rahul Raj, Rakesh Yadav and Aditya Naik had already developed an alpha version of the platform and probably even they did not fathom that, they are about to set pace to the transformational story of crypto-currencies in India. The entrepreneurial journey which started in a small shared apartment located in the heart of Mumbai city by these three millennial entrepreneurs along with an intern, has today evolved into a full-fledged team consisting of 60+ members.Interestingly, the entire platform, right from the first line of program code to the overall
Every employee loves the amiable and friendly work environment at Koinex, where people feel responsible, interested, and valued
A typical day at Koinex office explicates the remarkable growth of the company. The entire team on the floor displays a penchant for blockchain and is abuzz to know what the latest happening on the exchange and often go beyond their bit, to help fellow colleagues. This teamwork is most visible whenever a new token is getting listed on the exchange. Often the tech-team works sleepless nights prior to the listing, to get the token integrated into the system. But members of other departments also rally along and help with any tit-bit work to be done. The excitement and anticipation of knowing that their exchange influences global markets and is a force to reckon with, in the crypto-market, beams across all the team members face.
Talking about this solidarity, Akhil James, who is a Software Engineer at Koinex says, “All the tireless hours of work to launch a token on Koinex get rewarded when we see the global markets react to our listing. The entire office is glued to the trade graph, and when it shows a peak-rise due to us, it’s a wonderful feeling to cheer that moment with all colleagues in office together. It’s an indefinable joy.”
For instance, during the recent token launch, in the span of 15 min, the team witnessed 1 million tokens being traded, and later within one hour, the number raised to 4.5 million. “We never ask our employees to stay back and work late. It’s definitely self-interest. I believe it’s for the love of blockchain technology and it is encouraging to see these young minds aligning to our vision. It brings immense joy and we always crave for moments to celebrate, have fun by achieving particular milestones,” mentions Rakesh Yadav, Co-Founder & CTO, Koinex.
The Future of Blockchain Technology is already here
“We have disrupted the entire market by becoming the single largest exchange platform in the country. And, it has been an interesting growth curve over the last 7-8 months,” added Rahul.
Koinex aims to remain ubiquitous in the space by continuously implementing minute to minute innovation on the blockchain protocols. “We are really working hard towards making this technology accessible for Indian consumers. In retrospect, just like the internet, blockchain will be the next big revolution that our country will experience. Our message is very clear, we don’t need companies in the West to come and solve our problems. Because we can build our own solution and India is the biggest market that anybody can find in the globe today,” ends Rahul, on a strong note.