Brady Luo on EveriToken's token-customized public chain

0:24industry that'd be much appreciated oh sure so I started engineering College actually and then I went to the states studied Finance as a master's degree naturally I find a Finance job after graduation yeah that's a little bit about myself that's awesome and what got you into the cryptocurrency industry from

0:52Finance oh yeah sure as I mentioned because I have both engineering and Finance background so it's much easier easier for me to understand both the technology and the economy sides of the blockchain right also I worked in financial industry after graduation that was 07 so I saw the whole process of financial crisis in' 08 the largest hits in the last decade

1:22so I see all this happening before and then I actually quit the Finance job because I'm not typical 9 to5 person I would like to do some entrepreneurship so I actually did several companies before blockchain I sold two of them already but the but the problem I found my previous Venture is that it hits

1:49limitation hit the selling very quickly because it's very traditional business offline business so that's why I have to look for something scalable so the I decided to jump into the internet so I invest I and invest and a co-founded a mobile game company at my last Venture before blockchain but the problem is we had a very gr product

2:15But the traffics are controlled by the big giants like Alibaba tenson in China so we have to purchase the traffic from them but it's so expensive it's even more than than the proceeds we get from from the from the game so we decided to shut it down that was the only Venture I really failed so I started to think where else that I can

2:39find a scalable business but also beyond the internet GI control so then I really started a lot about blockchain and as I mentioned before I had both academic and I have both engineering and finance background so it's easier for me to believe in this blockchain that can give us the new opportunity that's awesome thank you Brady so as you transition into now co-founding every

3:06token what can you tell us about every token and the problems that it's solving in the industry sure we started to build our platform since last December at that time the infrastructure meaning the public chains really are lacking as we all know Bitcoin ethereum they are they have very low performance CPS is like single or double digit it's not really for highly

3:34commercial use so for us every token is world's first token customized public chair so we are trying what we are trying to solve is that we are trying to deal with tokens and token economy best so what we look at token economy basically today people all look at the coins the coins are pretty much the cryptocurrencies we look at the today and then contains little value which

4:03pretty much like 200 billion recent but recently job a lot as well it's so little compared to real human assets and equities and what we believe is that the real human Fortune will be tokenized so the value could be easily circulated from offchain to onchan so that's why we build a infrastructure to facilitate this happen so we have three key Innovations so first of all we have

4:30token based booking method as we all know Bitcoin using utxo to do an double spending and then etherum use is using account based bookkeeping method because they are platform of smart contract so the way smart contract interact with each other is through our accounts so for us we want to deal with tokens best natively so we have the token based booking method and we wrote a exam paper

4:57on this if you interested I can I can send it to later as well and second of all the second Innovation would be we use safe contract to replace the traditional smart Contra layer smart Contra is flexible but so vulnerable as we all know happen so many vulnerabilities happened before so lots of millions and millions dollars were lost or stolen before because of this

5:21vulnerabilities so we use safe contract so external applications they use our core functions by API call Simple API Calles and is really good for normal internet Engineers tens of a million Engineers can use this not like only blockchain engineers in the past and third but not least everybody's talking about the Kil application so we believe the micro payment would be the

5:46upcoming K application so we have every pay as the micro payment solution that will facilitate this happen that's great thank you for such a great background so you're working on a more scalable custom token solution and as you mentioned there are a lot of problems with Bitcoin and ethereum and we all know that ethereum has scalability issues and cost of the gas

6:10to run so those are the problems in the industry how is every token doing with this solution how does your scalability look and is it easy to create tokens yeah of course so regarding the scalability there are two sides so when we look at the confirmation of a transaction it took like more than probably more than 20 or 30 minutes on bitcoin men Nets and then seven minutes

6:39on ethereum if you pay highest transaction fees so for us it's about less than two or three seconds if you use our micro Payment Solutions that's really pretty much like the aday we pay user experiences in China that's going to bring the massive adoption and then TBS transaction per second is another indicator that is crucial as well so Bitcoin is only it's only supporting

7:03like seven transactions per second and then ethereum 20 so for us we have achieved 8,000 at at the end of October and we're going to push to 10,000 by the end of this year 10,000 translate to equivalent capability of Visa or rly pays dealing with normal days today so that's really highly commercially R platform regarding the transaction

7:32fees I think one of the key issue for ethereum application is that in the past you have to use crypto ETS as the gas fee for end user so that's killing lots of people why it's high barer only like 25 million people they own ETS they own crypto the vast majority they couldn't use ethereum application not at all right they don't have the cryptos so for

8:00us we create a platform that any user you don't need to pay the gas fee on your own the business side is paying for all the gas fee so think about we are using a for example WhatsApp or telegram today we download for free we send message for free that's the internet user experience people get used to so all the applications based on every token popchain is offered the similar

8:22user experiences that's what we give to the market that's great sounds like you guys are making great progress already and you're nearing 10,000 transactions per second that's huge right so it's important to have a lot of applications on your blockchain so to have people using them in the real world so sure I understand that you guys have every pay application can you speak a little bit

8:45about every pay sure as we mentioned every pay is the first commercially ready U token payment protocol or a solution that people can issue isue their own tokens on every token pure and use every pay as the micro Payment Solutions so the beauty about every pay is not only the scalability we mentioned before it's also you can use any

9:13existing devices like a normal scanner you can see in any convenience store or like w mods or you can use any post machine NFC payment integrates our system so you only do software upgrades and use the existing devices they do crypto payment so that's another low entry barrier for using integrating our system and also people love to issue their own tokens as well for example we

9:40got a Malaysian partner they just SED a strategic partnership with us two months ago so they're going to issue their own stable point on every token publ and use every pay in their offline merces that's great so is it being used mainly in Asia right now or is it an international effort and how are you guys expanding through marketing strategy sure public change is always

10:09a global it's a global thing it's it doesn't have to be Asia at all so we just mentioned Malaysian partner because it's one of the largest partner we currently have but we have business partners not only in South Asia but also in Middle East in Africa we got one in South America as well and this week I'm flying to Australia to meet our

10:31business partner out there as well so but there are some developer countries probably it's even much harder for us talk to the business partner because of the regulations of there are much more stricks and the old money I mean the old like Financial system like the banks they definitely are huge obstacle to the new crypto payment

10:56so that's why we started from more like the Emerging Markets first and then hopefully we enter the more developer countries that's great to see that you're expanding into the developing countries as well so what do you guys have coming up on the every token road map that we're going to see in the next six months sure sure we can look at the

11:20in couple of ways so technically we are going to push our CPS to 10,000 by the end of this year currently we have 8,000 and then we are going to also work on giving a more user friendly interface to the developers that are going to develop applications on every talken public chair and on the business side we are expanding more like a global base as I mentioned some of the

11:49key regions to you we have to implement really although we signed our strategical partner agreement already but we have to go to the Merchant one by one do the software upgrade for them one by one and educate them how to use it and also give the incentiv to the end users for them to switch to like traditional field payment to crypto payment so that's the business that we

12:16have to do on the investor side we are definitely looking for more strategical money currently we're talking to some of the more strategical money as well so in the in may we finished like the corn round as tokens so at that time we have lots of big names token method like finer capsule but we are more looking for strategical investors more who has

12:45For example the fintech experiences and who has the fintech network that can integrate our system more easily that can help us expand more quickly into the market that's great sounds like you guys have a lot of stuff stuff on your plate so if people are looking to get involved with the community follow along with the progress of the road map and see this

13:08expansion in your main net what's the best way to get involved with every token or just to learn more sure I would always say our homepage every token.io would be the best way but of course definitely you going to see our all of our social media channels on our homepage as well Telegram R Facebook everything out there YouTube yeah and also for

13:35developers we have a special design developer Channel as well that you can see on the homepage and for every page our K application we also have a special Channel as well we are republishing our page for every pay because we have a lots of business activity going on using every pay so we're updating them on a daily basis that's great awesome well I'll leave

14:02the links to your Platforms in the description box below and that's all the time we have for now but I'm looking forward to speaking with you again as you get near to the 10,000 transactions per second Mark we'll do another follow-up interview see how every token has grown and how the project is flourishing so thank you Brady I really appreciate you taking the time to do

14:24this interview with us thank you thank you so much yeah I look forward to show our project running on spot to you I mean in Vancouver hopefully yes awesome thank you Brady until next time thank you bye-bye