Zenfuse CEO Yuriy Kovalev Discusses Revolutionary All-in-One Cryptocurrency Trading Platform

I've been actively involved in the digital asset space for over five years. My journey began as an investor and trader, and I quickly grasped the fundamental concepts of cryptocurrency. However, as I delved deeper into the informational aspects of crypto, I encountered numerous challenges and complexities along the way.

I consistently sought a more streamlined solution to manage and simplify my cryptocurrency investments and holdings. After an extensive search, I found that while some projects had similar concepts, none offered the comprehensive vision I had in mind. This gap in the market ultimately led to the creation of Zenfuse.

Working at F2Look taught me the critical importance of building professional networks and continuously acquiring new knowledge on an ongoing basis. These connections not only benefited me personally but also provided Zenfuse with a more promising strategic direction and solid foundation before our initial launch.

Being surrounded by and collaborating with experts from major multi-billion dollar companies created a clearer path forward and opened numerous doors for future opportunities.

Zenfuse aims to simplify the trading experience for the average cryptocurrency user. Our comprehensive platform will enable seamless trading and portfolio management across multiple centralized exchanges (CEXs), allowing users to cross-trade and access various exchanges from a single interface.

Similar to how Apple Wallet allows you to store credit card information and make transactions with various payment methods, Zenfuse will enable you to securely access any exchange through the CEX APIs connected to our platform, giving traders the freedom to manage their assets anytime, anywhere.

With features like a panic sell button for emergency situations, Zenfuse's primary objective can best be described as delivering convenience. We're committed to making trading easier and more intelligent for investors worldwide.

First and foremost, the incentive for holding ZEFU lies within the product itself. The features that will be provided alongside our platform will create natural demand for our tokens due to the comprehensive services we'll offer.

Convenience has been our focus for a very long time. My entire team and I have been investors and, more importantly, active traders ourselves. The uniqueness of our platform and the use cases for our Zenfuse tokens are interconnected – users who hold more Zenfuse tokens will have greater access across our entire ecosystem.

Additionally, since October 2020, our smart contract has been staking tokens for our community members from the moment they purchase them. Anyone already holding ZEFU is earning 24% APY, and these tokens will serve as an added bonus upon the platform's delivery. This approach completely revolutionizes the entire use case of Zenfuse while incorporating staking benefits.

ZEFU is designed to be deflationary – as more holders utilize the platform, fewer tokens will remain available in the market, significantly increasing the token's value over time. Furthermore, once our platform is fully operational, we'll begin accepting payments in both fiat and crypto, with 25% of these profits being used to buy back our tokens and permanently remove them from the total supply through token burning. If Zenfuse is adopted as a payment method, 75% will be redistributed among token holders, while 25% will be burned.

My motivation to build Zenfuse stemmed primarily from my personal experience with digital assets. Despite becoming quite knowledgeable about cryptocurrency over time, I continually encountered new developments that were complex and challenging to adapt to.

One significant challenge was managing assets across multiple centralized exchanges. At the time, it was difficult to manage your holdings across various exchanges, especially considering which currencies each exchange supported. I often thought that if I had to explain this process to someone new to crypto, their immediate reaction would be that the entire concept was overly complicated and time-consuming.

Therefore, my goal was straightforward: to bring convenience to the cryptocurrency world through a trading platform that would do exactly that. That platform is Zenfuse.

For cryptocurrency newcomers, Zenfuse will be a game-changer. The entire concept behind Zenfuse is to promote convenience and simplify the process of accessing and linking accounts from multiple exchanges into a single, unified platform. For beginners, this addresses a need they've had for a long time, even if they weren't consciously aware of it.

The answer to this question is quite straightforward. In life, shortcuts are created to make tasks easier rather than more difficult. We can all perform mathematical calculations manually, but calculators were invented to simplify the process. Similarly, Zenfuse was created to make cryptocurrency trading more accessible and user-friendly.

Zenfuse is positioned to make a significant impact in 2021, and we're currently on track to achieve that goal. We will be releasing a comprehensive development roadmap very soon, and we're excited to share with everyone the journey of what's ahead for our project.

The most controversial aspect of blockchain technology has always been transaction fees. If a system is designed to make processes more efficient, then why don't all networks focus on simplifying and reducing these fees?

I understand the profit motive behind these fees, but there should be no reason why someone might pay $50 for a transaction on one platform, while another charges only 0.01% for a similar service. I believe the inconsistency in crypto transaction fees is highly problematic and needs to be addressed.