돈키, 한국 가상자산 시장의 위상 강화를 위하여.

요새 체인파트너스에서는 코딩 교육 1위 업체 멋쟁이사자처럼과 함께 국내 첫 디파이 렌딩 프로토콜인 ‘돈키(https://donkey.fund)’를 개발하고 있다. 만들다보니 많은 어려움이 있었다. 오늘은 디파이 서비스를 만들려는 분들을 위해 그 시행착오를 좀 공유해 보려고 한다.

원래 돈키는 카카오의 블록체인인 클레이튼 기반으로 먼저 출시하려 했다. 아무래도 카카오톡에 내장된 ‘클립’이라는 지갑이 클레이튼을 지원하기 때문에 별도로 전국민에게 지갑을 설치하라고 할 필요가 없기 때문이다. 이점은 클레이튼만이 갖는 엄청난 강점이다. 이더리움의 가장 유명한 지갑이 메타마스크이지만 실제 국내 사용자가 아무리 많아도 30만명이 될까 싶다. 그러나 카카오톡은 전국민이 쓰고 있으니 일단 전국민의 주머니 속에는 클레이튼 지갑이 들어있는 것이다.

하지만 문제는 지금부터다. 돈키는 업비트, 빗썸, 코인원 등 국내 3대 거래소에서 활발하게 거래되는 코인을 디파이 상에 예치하고, 예치된 자산을 재원으로 하여 다른 사람에게 빌려주는 서비스다. 그런데 국내 3대 거래소에서 활발히 거래되는 코인의 열 중 아홉이 이더리움 기반인 것이다.

그러다보니 클레이튼 기반의 렌딩 프로토콜을 제공하려면 우선 이더리움 토큰을 클레이튼 기반 토큰으로 전환하는 과정이 필요하다. 오지스가 운영하는 오르빗 브릿지(https://bridge.orbitchain.io/)를 통해 이더리움 기반의 ERC-20 토큰을 클레이튼 기반의 KCT 토큰으로 1:1 전환할 수 있다. 업계 용어로 ‘브릿징’한다고 한다. 그런데 이 브릿징이 상당히 까다롭다. 시간도 오래 걸리고 초보자에게는 너무 어렵다.

만약 내가 업비트를 쓰는 초보자라고 가장하자. 그러면 우선 이더리움 지갑인 메타마스크를 PC나 스마트폰에 설치하고 업비트에서 이 지갑으로 이더리움 또는 ERC-20 토큰을 보내야 한다. 그 다음 오르빗 브릿지에 접속해 메타마스크에 든 토큰을 클레이튼 기반 토큰으로 전환해 주어야 한다. 이 과정을 전문가들은 할 수 있겠지만 과연 일반인들이 이해할 수 있을지 고민하다가 우선 이더리움 기반으로 오픈하고 클레이튼은 그 다음에 지원하는 것으로 순서를 조정하게 되었다.

클레이튼은 수수료가 현저히 저렴하고 검증인이 30인 내외의 소수이기 때문에 거래가 빠르다. 전국민에게 이미 지갑이 깔려있다는 비교 불가의 장점도 있다. 하지만 아직은 토큰을 개발할 때 이더리움 기반으로 하는 것이 국내외 거래소에 상장시키기 쉽고 사실상 업계 표준처럼 되어 있어 아무래도 자산 이동에 높은 장벽이 있다.

이는 비단 클레이튼만의 문제가 아니다. 요즘 고빈도매매까지도 가능한 초고속 블록체인으로 각광받고 있는 솔라나(Solana)나 이더리움 디파이 생태계의 강력한 경쟁자로 부상하고 있는 BSC(Binance Smart Chain), 매틱(Matic) 등도 역시 이더리움 기반 토큰을 해당 블록체인으로 옮기는데 있어 같은 제약이 있다.

비유를 하자면 KTX가 나왔는데 여전히 전국 선로가 아직 새마을호여서 새 기차가 달릴 수 없는 것이다.

우리도 기왕이면 국산 블록체인의 디파이 생태계에서 첫 렌딩 프로토콜이 되고 싶었다. 낮은 수수료로 사용자들에게 편리함도 주고 싶었지만 자산 브릿징에서 막혀 순서를 조정하게 되었다. 이 점은 앞으로도 이더리움을 이기려 하는 많은 신생 블록체인들의 고민거리가 될 것이다. 이미 지난 4-5년간 글로벌 크립토 생태계가 이더리움 중심으로 자리 잡았기 때문이다.

이더리움을 첫번째 기반 프로토콜로 정한 뒤 돈키가 마주한 두번째 문제는 가격 오라클의 부재였다. 어쩌면 앞선 문제보다도 더 큰 고민이었다. 국내 3대 거래소에서 인기있는 코인들의 실시간 가격 정보가 이더리움 블록체인 상에 있어야만 그 가격을 기준으로 담보 가치를 잡고 대출도 해주고 할텐데, 아무리 찾아도 국내 거래소 코인 가격 정보가 블록체인 위에 없었다.

BSC, 매틱, 솔라나, 클레이튼은 말할 것도 없고, 이더리움 위에도, 멀티 체인을 지원하는 1등 오라클 플랫폼인 체인링크 위에도 없었다. 가상자산이 하루 평균 2-3조원이나 거래되는 거래 강국의 코인 가격 정보를 블록체인 상에서 불러올 방법이 전혀 없는 것이다. BAT나 DOT 같은 알트코인을 말하는 것도 아니다. BTC나 ETH 같은 메이저 코인조차 한국 시장 가격은 2021년 8월이 되도록 블록체인 세상에 존재하지 않았다.

그러자 한국에 디파이 서비스가 없는 것이 어느정도 이해가 갔다. 기준 가격이 있어야 그걸 가지고 예치/대출도 하고 보험 가입도 하고 파생상품이나 거래 등 다양한 가상자산 기반 금융 서비스가 나올 수 있는 것인데, 블록체인에 중계되고 있는 한국 시장 현재가가 없기 때문에 응용 서비스가 나오기 불가능했다. 수도도 있고 전기도 있어야 그 위에 건물도 짓고 회사도 차리고 하는 것인데, 여기는 아직 수도나 전기도 없는 상태였던 것이다.

그래서 할 수 없이 오라클을 직접 구축하기로 했다. 우리가 국내 3대 거래소 코인 가격을 불러와 24시간 거래액을 기준으로 가중 평균값을 만들어 이를 이더리움 블록체인에 주기적으로 업데이트하기로 했다. 1분에 한번씩 모든 코인을 이더리움 메인넷에 업데이트하게 되면 가스비만 월 1억 수천만원이 나가는 것으로 예상되었다. 배보다 배꼽이 더 큰 상황이라 정책을 수립했다.

그래서 일정 기간 이상 충분한 평균 거래액을 가진 코인을 중심으로 업데이트하고, 주기적으로 업데이트하는게 아니라 가격이 1.5% 이상 바뀔 때에만 업데이트하는 것으로 개선했다. 지속적인 정책적, 기술적 조정을 거쳐 가스비는 출시 전 시점인 현재 월 200만원 미만으로 예상되고 있다. 그러면서도 체인링크 수준의 높은 신뢰도를 갖는 국내 첫 가상자산 가격 오라클이 완성됐다.

렌딩 프로토콜을 만들려다 가격 정보가 없어 오라클까지 개발하게 된 것이다. 그러다 우리만 쓸게 아니라 이렇게 고민하며 만든 오라클을 남들도 쓸 수 있도록 공개하기로 했다. 앞으로 한국에서 디파이 서비스를 개발하거나 가상자산 거래가 많은 한국 시장 가격 데이터가 필요한 해외 디파이 서비스들도 이 정보가 동일하게 필요할 것이기 때문이다.

글로벌 1위 오라클 플랫폼인 체인링크는 가상자산 가격, 유가, 주가, 환율 등 다양한 가격 정보를 매일 블록체인에 중계하고 있다. 하지만 그중 절대 다수를 차지하는 데이터는 가상자산 가격 정보다. 아무래도 가상자산 가격을 기반으로 운영되는 디파이 세계의 수많은 댑(Dapp, Decentralized Application)들이 바이낸스 등 주요 거래소 가격 정보를 가져올 방법이 거래소를 직접 연결하지 않는 한 오라클 밖에 없기 때문이다.

그런 점에서 앞으로 돈키가 운영할 한국 가상자산 시장 가격정보 오라클은 지금까지 클레이스왑 외에 거의 존재감이 없던 국내 디파이 생태계 확장은 물론 글로벌 디파이 시장이 국내 가상자산 시장을 인식하고 편입하는데 있어 공용 인프라처럼 활용될 수 있을 것이라 믿는다.

이 글을 쓰는 2021년 8월 11일 기준으로 글로벌 디파이 시장에서 가장 많은 예치금을 가진 댑은 각각 에이브(AAVE, $14.92b)와 컴파운드(Compound, $10.06b)다. 둘다 가상자산을 P2P로 예치하고, 이를 담보로 다른 필요한 가상자산을 빌리는 렌딩 프로토콜이다. 왜 렌딩 프로토콜이 디파이 시장에서 가장 인기가 많은 것일까?

은행은 금융업의 기초이기 때문이다. 디파이 안에서도 P2P 거래소, 파생상품, 보험, 결제 등 전통 금융업을 닮은 여러 서비스가 등장하고 있다. 하지만 현실 세계에서 은행만큼 높은 수익을 내는 금융사가 없듯이, 디파이 역시 모든 응용 서비스의 근간은 예치와 대출인 것이다.

실제 쓰임새를 보면 에이브와 컴파운드 등 글로벌 렌딩 프로토콜들은 다른 디파이 댑들이 연결해 레버리지를 일으키는 공용 인프라로 주로 이용된다. 이는 마치 현실 세계에서 은행에서 일으킨 대출로 주식이나 부동산, 코인을 사는 것과 마찬가지다. 디파이에서도 다른 댑들이 렌딩 프로토콜을 가장 많이 연결해 여러 응용 서비스를 내고 있다.

이같은 사례들로 볼 때 가상자산 거래액은 아주 크지만 거래되는 코인의 종류는 글로벌 시장과 사뭇 다른 한국의 특수한 시장 상황 안에서 돈키는 앞으로 등장할 여러 디파이 서비스들이 연결하고 참고할만한 핵심 인프라 두가지-렌딩 프로토콜과 가격 오라클-를 먼저 상용화한다는 점에서 큰 의미가 있다 하겠다.

코인마켓캡(Coinmarketcap)을 기준으로 8월 11일 하루 거래량 2,625억원에 달하는 토카막네트워크(TON) 토큰은 지난 24시간 동안 한국에서만 99.8%가 거래됐다. 하루 거래량 1조 1,558억원에 달하는 칠리즈(CHZ) 토큰 역시 국내 거래소인 업비트 한곳에서만 37.7%가 거래됐다. 이런 토큰들은 한국에서는 큰 인기를 누리고 있지만 글로벌 디파이 시장에서는 거의 어느 곳에서도 이용할 수 없다. 돈키는 그 첫 길을 열고 있다.

한국형 디파이 렌딩 프로토콜의 시작이자 유일한 한국 가상자산 가격 오라클로서의 의미를 넘어, 돈키의 등장과 융성은 한국에서 인기있는 가상자산들이 디파이 시장으로도 그 영향력을 넓히고 토큰의 유틸리티를 확장하는데 크게 기여할 수 있을 것이다. 이는 거래는 많지만 글로벌 영향력은 초라한 한국 가상자산 시장의 위상 강화에도 직결되는 일이 될 것이다.

  • 돈키팀은 현재 5명이고, 기획자(PM)와 마케터, 디자이너를 새로 모시고 있습니다. 당연히 초기에 합류하는 팀원들에게는 그만큼 의미있는 규모의 토큰이 제공되니, 관심있는 분들은 pyo@chain.partners 로 연락주시기 바랍니다.

Global Crypto Market Transition and Future Options in 2021

Hello. This is Charles Pyo of Chain Partners, working hard on a new Changer project these days.

Compared to 2017 when we first started the blockchain business, the regulatory environment has been changed significantly for four years later. At that time, the world was almost unregulated. But now the crypto market has finally become an environment where the business could not go on without caring about regulations.

So today, we’re going to look at how things have changed and what options we have with the new blockchain business as of July 2021. I hope it will help those who are preparing for crypto business or interested in our Changer project to understand the market environment.

Exchanges outside the ring, where their place is becoming narrow

In the meantime, typical C2C exchanges like Binance, Bybit, and BitMEX etc. (Crypto-to-Crypto exchanges that do not deal with legal tender) have had their headquarters at offshore countries like Seychelles, Cayman, and Malta.

Offshore is a term that is distinguished from inshore, and is often called as tax haven. It means countries outside of control that are difficult or impossible to track transaction records and owners, and mainly the Caribbean Sea or small island countries like British territories correspond to this.

Getting a crypto license from the offshore is a piece of cake. There are a lot of countries that let you get a license for only $10,000. But these are in fact meaningless if they are not only for the customers of their country. It is same as becoming illegal to get a licensed realtor from Japan and come to Korea to operate. But so far, most C2C exchanges have been operated that way.

Although Binance, was known to move its headquarter to Malta in 2018, actually it is not known for which country it has the corporate credentials as the Malta government officially denied in the following year. (Usually, offshore exchanges can be easily identified where they are incorporated by looking at the terms and conditions. However, Binance is hard to find any sign of corporate credentials from anywhere in the terms and conditions.)

These exchanges, whose headquarters are vague, have made huge profits from around 2013 to the present with little regulation. However, on June 21, Canada Ontario Securities Commission(OSC) imposed a fine of up to $1 million with an order of business prohibition on Bybit, a crypto currency exchange registered in BVI(British Virgin Island), one of the major offshore company. The OSC also held hearing following Bybit on other offshore exchanges like Poloniex and KuCoin, which are receiving customers in Ontario, Canada to announce a withdrawal.

Surprised by the announcement of Bybit regulations, Binance announced a suspension of operation for Canada’s most populous Ontario customers on June 27, a week after the regulatory anouncement. If the fine for Bybit, which started much later than Binance, is $1 million Canadian dollar(about 920 million won), the fine for Binance will certainly be much bigger. If you read the OSC decision of Bybit, it notifies the violation of the Securities Act on the provision of unauthorized 100x margin to its citizens.

This regulatory trend is highly likely to spread to other developed countries. In June alone, Japanese and British financial authorities warned that Binance has been operating without the permission of their country. Also this month, the same argument began to be made in Korea. The Financial Services Commission has already issued an ultimatum.

What would be the proportion of Korean users in Binance? In fact, I just got an ad mail from Bybit, so I captured it. As of February this year, 300,000 out of 1.5 million customers are Korean. Since Binance is an exchange that Koreans use much more than Bybit, Binance’s Korean customer proportion will also be very high.

Of course, Binance, the richest exchange in the world, won’t sit still. This company is already working in major advanced countries such as the United States to authorize financial authorities, or in the United Kingdom to acquire licensed companies. Therefore, it is something to keep an eye on. But whatever the outcome, the number of exchanges that exist only in offshore is rapidly decreasing as of 2021.

Now, Binance must create separate corporations in each country and comply with the special law in Korea, and the new payment method which includes cryptocurrency regulation in Japan and Singapore. But this would be very embarrassing to run the current Binance.com. This is because under Korean policy, margin transactions cannot be provided, the number of listed coins will be limited, and ISMS certification is required to reveal all the server configurations in detail. Sharing of order books between Binance.com and Binance Korea has also been prohibited. Therefore, it withdrew the Korean corporation since the substantive operation seemed impossible.

Then what will be the direction for so many Binance Korean customers? Should we take over one of our big4? Still, it’s impossible to link with Binance.com. It would be very brainy to decide on an infinite loop like this.

By the way, is there only one regulation in Korea? Binance has been operating with customers all over the world except for the United States. Regulations vary from country to country, and if you set an A for one country, it can be a problem in another country. That’s why Coinbase, the largest exchange in North America, has not yet been subscribed to by Koreans.

Of course, it will help sales, but as soon as receiving, it must follow Korean regulations. That’s why the C2C exchanges, which have nestled in offshore and have been very pleased so far, have now of course faced – but was not sure when – regulations.

It’s getting harder to reverse the ranking inside the ring.

Then why do Koreans use Binance? There may be many reasons, but the biggest one is that there are many kinds of coins. Upbit became the overwhelming No. 1 player in Korea as a latecomer because there were much more listed coins in partnership with overseas exchanges from the beginning. What a great strategy.

By the way, the direction of regulation in Korea is facing to the reduction of coins. Japan’s precedent shows that Japan must pass strict screening by the Japan Virtual Currency Exchange Association(JVCEA) where exchanges are gathered to renew its listing. Once passed from the screening, it can list on 26 exchanges in Japan that have been licensed so far.

Google translation of the notice that Polkadot(DOT) has been approved by the association. In this way, the event manual is released under the joint name of the association.

So, what’s going to happen? Small exchanges are bound to remain small. Before going to a large exchange, putting it on a small exchange for a while and if it becomes popular and verified, then going to a large exchange would make the small exchange to make a living. But if we list all the same coin at the same time, are there any reason to use a small exchange?

Thus, there is no specific reason for large exchanges to reject regulations on reducing listed coins or controlling listing through association. Rather, these regulations will make it difficult for exchanges ranked below the third in each country, and if coin differentiation is not achieved, the market share gap will inevitably be widened.

This is because as long as it is on the regulation of same financial authorities, the 8th place can’t do margin transaction that 1st place can’t do it, or the 5th place can’t do coin operation which the 2nd place can’t do it. If it does, everyone does it, and if it can’t, everyone can’t do it. Therefore, it is not easy to change the ranking.

So, Japan’s sub-exchanges have already been buried and are often contacted. With the approval of Japan’s Financial Services Agency(FSA) and participating in all the self-regulatory organizations, 100% of the exchange shares can be bought at the current level of 25 billion to 30 billion won. In Korea, banks are still trading only big4, but these exchanges are licensed, so of course, customers can receive yen officially through major banks in Japan.

Nevertheless, the characteristic of the exchange industry is that if unusual coins are not listed, customers will eventually be attracted to the first class. It’s because the market with the most customers is easy and fast to buy or sell.

Therefore, if Korea follows Japan’s footsteps, it will be very difficult to reverse the ranking of latecomers. At least, Coinbit’s comet-like growth story seems difficult to reappear in Korea. Because the FSS is known to receive regular daily or weekly reports on the exchange’s operations in the future on which coins are listed and how much each coin is traded, if unlisted coins surge excessively or have a large transaction amount, it will naturally draw attention.

Currently, only exchanges with real-name bank accounts are allowed to advertise on Naver and Kakao. This story has already been a few years which is, if having no bank account, advertising would be impossible, and it won’t grow. Then if no growth, you won’t get a bank account, and then having no bank account means no advertising … This continuous loop is also the reason why ranking changes would be increasingly difficult.

Of course, there is one method that the latecomer can survive – or at least argue that it could survive. It is targeting other customers. Sadly, however, the top student is always good at math, physics and is also outstanding at music, art, and sports. For example, unlike the first and second place exchanges which target individuals, eighth and tenth places could claim that we target institutions. However, institutions would want to deal with the first and second places rather than dealing at a bad price with the eighth and tenth places.

If I’m the biggest buyer – so-called organization -, then I’ll go to Costco and get it cheaply, not from the local market. Of course, let’s say that for some reason, Costco still only deal with the individuals. So inevitably, I, the biggest buyer, go to the local market and take out the goods. But would this situation be sustainable?

Of course, the first and second places will also look around and talk to the regulatory about why we can’t do corporate business which 8th and 10th places are doing it. I’m sure there would be a lot of logic. Trading at a better price in a big market with institutions, making institutions to trade on a safer infrastructure, and so on, so the first and second places will eventually start agency operation. Costco have opened, so are there any big buyers who would stay in the local market and trade? Unfortunately, it’s only a matter of time.

It’s a side story, but the characteristic of the Japanese exchange that came for sale was that it was a specialized exchange for institutional customers. In the end, latecomers who have been pushed back in the competition to attract individual customers are forced to target institutional customers, but there are not many institutions that generate meaningful sales in Japan and Korea yet. By the time the agencies make meaningful sales, the Big4 will be releasing all their products. There is nothing that I can do that others can’t, and also impossible for others to do something that I can’t inside the regulation-ring. That’s why it’s getting harder to change the ranking.

Then what options do we have left?

Now, whether it’s heavyweight, featherweight, or lightweight, you have to be the first in your own ring or transition into a UFC player. If it’s a bigger ring like U.S., you can manage to get up to the third place. However, if your ring is relatively small, only the first and second place will make meaningful profits. If you fall behind the third place in this setting, it might be better to change to professional wrestling, kickboxing, or UFC, rather than playing the same game and remain in third place.

We have the same agony. After three years of operation, we decided to change our field and location, judging that the ranking competition is completely over among the Korean businesses. That’s why we turned to overseas markets at the end of last year to focus on the exchange market through Changer, especially between digital currency and foreign exchange.

Unlike trading, exchange is 1) immediate transaction (trading waits for the transaction to occur, but exchange works immediately according to the exchange rate) 2) Fixed rate (Exchange office determines the current price through negotiations between customers, but a currency exchange has the exchange rate announced unilaterally and decides whether the customer will accept the exchange rate) 3) Removal of the transaction fee (exchange office receives a certain percentage of the transaction fee. On the other hand, for currency exchange, the profit margin is already included in the exchange rate, so there is no additional transaction fee).

Of course, global demand is not as large as the exchange yet, but when the era of crypto utilization comes beyond the current era of crypto speculation, it will be more convenient to use the currency exchange than to use the common exchange. For example, suppose you use crypto for remittance or payment. The crypto price has to be fixed to make a safe transaction. If the crypto price changes throughout the payment process, everything’s going to be a mess. The same goes for remittances. Therefore, in the upcoming era of crypto utilization, the demand for currency exchange will increase significantly.

If you can be the #1 exchange in the world and for each country, sticking to the speculative demand of crypto will make your company grow bigger. However, as of July 2021, not only the world’s #1 exchange but also the #1 exchange in each country has already been decided. There are players who are good in the Philippines, Vietnam, and the Middle East, not to mention the United States and Korea, which have a large crypto market.

So instead of being one of the Top 100-200 global exchanges, we decided to become the #1 currency exchange and a long-term beneficiary when the era of crypto utilization arrives. That’s why we’re now trying to bring together scattered liquidity from both CeFi and DeFi to provide the best exchange rate for our customers. This is because the core competitiveness of currency exchange is none other than the best exchange rate.

Of course, crypto-crypto exchange is important, but the market where Changer focuses on is the crypto-foreign exchange. There are about 180 kinds of fiat currencies in the world, and there are about 10,000 kinds of crypto. Therefore, the smooth flow of exchange between them and securing the best exchange rate will be a global challenge in the future. As there are only seven legal currencies around the world which are exchanged with Bitcoin for more than $ 50m a day, the remaining 170 fiat currencies need a helper product like Changer to be exchanged for digital currency.

The Path that we have chosen

Judging from the recent changes in the regulatory compliance discussed earlier, it is now dangerous to license and operate offshore. If so, you must go to the country where you will actually operate and get a license, but if you are going to exchange currency that is not yet in demand, it will be difficult to produce results in small countries and small markets.

Therefore, we decided to pursue the license acquisition in the United States. 1) As seen from the Coinbase IPO and Circle’s merger of SPAC, the U.S. is the most recognized market for Crypto companies’ multiple. 2) There are large financial institutions and corporates that will be the primary target of demand for currency exchange. 3) Competition is relatively less fierce (Korea has more than 30 exchanges, but only 7 in the U.S.).

This is a very tedious journey that takes at least two years, but if currency exchange between digital currency and foreign exchange becomes important in the future, it is necessary to get a license to operate safely in the largest market.

We already established the U.S. corporation in 2018. In early 2019, we completed the development of the AML(Anti Money Laundering) program with the most influential global law firm in the crypto market, where Coinbase and others are its customers. In early 2020, we got registered as MSB(Money Service Business, Currency Service Provider) under FinCEN(Financial Crimes Enforcement Network), the bureau of the U.S. Department of the Treasury. We’ve been preparing for many years in the U.S. market, so even if it takes a long time, we are not starting from absolute 0.

However, as an exchange, there are many early starters, so we have to be #1 in other businesses. That’s as much a challenge for Changer as getting a license. In the United States, there are currently three legal ways of doing cryptocurrency business.

The first is to obtain a Money Transmitter license in 50 states. The second is to obtain a bank charter in Wyoming, which has recently introduced a large number of blockchain-friendly regulations. The third is to obtain a federal bank charter from the US Office of the Comptroller of the Currency (OCC). The latter the order, the longer it takes and the higher the level of difficulty, but the higher the degree of freedom.

Cryptocurrency service providers in the U.S. first start dollar deposit and withdrawal services in partnership with the state bank/truster’s license, and then have their own licensing strategies in the form of obtaining the remitter’s license in 50 states. Kraken, the #2 exchange in the U.S., is responding to regulations by skipping a remitter license and getting a bank charter right away in Wyoming.

The main goal of the Changer team is not to waste time just to get a license and miss the right timing to launch in the market. Fortunately, I have been researching the U.S. market for a long time, so I will try to avoid options that are too difficult or too time-consuming, and try to respond to the license with an approach that is as realistic as possible.

There are only three countries in the world that have implemented laws regulating the cryptocurrency industry on a nationwide basis: Japan, South Korea, and Singapore. The United States is still relatively less rigidly regulated, and COVID-19 has extended that period.

We’re bringing Team Chain Partners back again in the U.S.

If you write a long article like this, you end up with the topic of recruitment. But this time it’s a little bit special. Because I’m looking for Chain Partner U.S. team. We are looking for team members who will be in charge of obtaining licenses in the United States, driving the necessary business alliances, and gathering potential customers.

Rather than moving from another country, I’d like to give priority to people who already live in the United States and have the understanding of the business ecosystem of the United States. Full-time is good, a part-time or having two jobs is acceptable. It would be better if you have an understanding of crypto industry and business development/business partnership/sales work in general.

We will ensure enough Changer tokens to bet on the future, stock options for U.S. corporation, and a level of sufficient salary to live locally. The U.S. team’s office location will be San Francisco, and when it comes to hiring, one must be able to move from other cities in the U.S. to San Francisco or Bay area.

Of course, English should be at the level of a native speaker. Rather than simply looking for staff, we are looking for a leader to set up the U.S. team from scratch and grow it into the center of the Changer business. Therefore, I prefer someone who has entrepreneurship and leadership, and who can direct the recruitment of the American team.

If you are interested, please email pyo@chain.partners. I hope to have a face-to-face meeting with Zoom for enough time to get to know each other. I will sincerely explain what we are planning and what we are looking for.

First of all, we are planning to have sales, product planning, and PM positions in the United States who will be in charge of the business. Therefore, if you are interested in these various positions, please contact us.

It’s okay to say ‘I’m interested, let’s talk‘ instead of sending an email as if you’re applying right now. We need to get to know each other, so feel free to email us at any time so we can contact you and have a chat.

Thank you.