Introducing Kaustumbh Jaiswal, the visionary co-founder of Quido, a trailblazing platform committed to simplifying crypto investing. With a flair for both technology and creativity, With a unique blend of technical prowess and creative ingenuity, Kaustumbh has established himself as a force to be reckoned with in the ever-evolving tech landscape.
A graduate of a prestigious coding Technology, Kaustumbh’s expertise stretches beyond coding to include pushing himself by accomplishing challenging tasks. He always feels excited to solve real-world problems using my technical knowledge, and there is certainly yet more to learn, yet more problems to solve, and yet more to build in this IT industry.
Kaustumbh’s relentless pursuit of excellence in simplifying crypto investing sets him apart. As a Co-founder of Quido, he continues to redefine industry boundaries and revolutionize the crypto space, providing a user-friendly and accessible platform for investors worldwide.
Join us as we delve into Kaustumbh Jaiswal’s exceptional journey and groundbreaking achievements, and witness how his passion and dedication are reshaping the future of crypto investing through Quido.
Can you tell us about your journey from being a Software Development Engineer to becoming a Co-founder at Quido? What inspired you to venture into the world of crypto investing?
Ever since I was a child, I’ve wanted to start my own business, as I come from a family of entrepreneurs, and my upbringing was such. Then, when I got into college, I realized that in order to be a successful entrepreneur, I needed to understand how the industry I want to build a business works, and the best way to do that was to get a good job.
So I first joined Sixt R&D, then Amazon gathered an experience of 2 years as a software developer, and then eventually went on to start my own venture. And that is exactly what I did. Being an avid crypto investor, many people started asking me to give them advice on what cryptos to buy as they did not have enough time or knowledge to choose the right ones. Hence, I decided to build Quido to solve this problem.
Quido is all about simplifying crypto investing. What unique features or aspects of your platform do you believe set it apart from other crypto investment platforms in the market?
We at Quido believe that the best way to succeed in crypto investing is to take advantage of market volatility and not through long-term SIPs. All the products we build at Quido are based on this ideology.
As a Co-founder, what were some of the major challenges you faced during the initial stages of launching Quido, and how did you overcome them?
Of the major challenges I faced during early stages of Quido was hiring crypto trading talent.
Was able to overcome this by cold messaging crypto traders on LinkedIn, creating job posts on multiple job portals, interviewing many candidates, and eventually finding the right ones to join our team.
Cryptocurrency investing can be daunting for newcomers. How does Quido make it more accessible and user-friendly for individuals with little or no prior experience in crypto?
One of the major challenges for crypto newcomers is to identify the right crypto projects to invest in as it requires a lot of research. We at Quido decided to solve this problem by introducing expert created basket of coins which are curated based on market conditions, called Coinchests. All the user has to do is connect his exchange account with Quido and choose the coinchest to invest in based on his risk appetite.
Security is a significant concern in the cryptocurrency space. How does Quido ensure the safety of user funds and personal information?
Ans. All the communication which takes place with the user’s crypto exchange follows an OAuth mechanism and is encrypted through SHA256 i.e. as per industry standards.
All user data is securely stored using AWS infrastructure.
As a Co-founder, what role do you play in the day-to-day operations and strategic decision-making at Quido?
Since Quido is an early-stage company, my role involves wearing a lot of hats. To state a few, taking decisions w.r.t future offerings, growth and marketing strategies, hiring, fundraising, designing, and also building the tech.
What lessons did you learn from your experience as a Software Development Engineer that you have applied to the development and improvement of Quido’s platform?
Working as a Software Developer taught me how to build products from scratch. I believe it gave me the confidence to build any tech product I’d like to, as all of the information you need to do that is available online. You just have to look for it!
Quido has likely gone through various iterations and updates. Can you share a specific instance where user feedback influenced a significant change or enhancement in the platform?
Currently, Quido’s exchange partner is only Bitbns. We are working towards getting more exchanges onboard. So, many users suggested that while we work to get more exchanges onboard, they wanted a temporary solution that would enable them to track still the coin chest investments they had done manually using other exchanges.
That is when we introduced a new investment flow, giving the user the liberty to track the coin chest investments they had done through their preferred exchange.
In the rapidly evolving crypto market, staying ahead of the curve is crucial. How does Quido stay up-to-date with the latest trends and advancements in the crypto space to provide the best possible service to users?
We have a highly qualified team of crypto traders which makes sure that Quido’s offerings are always aligned with the market narratives to give best possible returns to our users.
Can you share a success story or memorable experience from a Quido user who achieved significant results through your platform’s simplified approach to crypto investing?
One of our users was skeptical about trying out Quido as he had already lost a bunch of money earlier by investing in meme-coins, but after trying out Quido, he realized that the best way to invest in crypto is through expert-curated strategies and not through trading based on random tweets!