WhalesHeaven – is a non-custodial cross-chain peer-to-peer swaps. We let people exchange their crypto assets cross-chain without a trusted intermediary. Our solution relies on modern cryptography mechanisms and lets us provide much cheaper transaction fees than any of your competitors without compromising user’s privacy.
Our biggest selling point is that we are 6 times cheaper than Uniswap and let people exchange Ethereum assets directly for native Bitcoin or any other coins. Currently we support Bitcoin, Litecoin, Etherum, Binance Smart Chain, Dogecoin, Bitcoin Cash and this list is growing.
Tell us about yourself?
I am a researcher at heart and a developer in the mind. After graduating as an Astrophysicist from the University of Manchester, I’ve been working as a web developer and software engineer in startups and corporations in London, Amsterdam, Zurich, Helsinki and Tallinn.
Today my main interest lies in building decentralized products. I strongly believe that the only right way for the crypto industry to develop further is decentralized and trustless. This is the idea that led the way for Bitcoin and that any project in the industry should follow it. Any deviation will be a road to the dead end.
If you could go back in time a year or two, what piece of advice would you give yourself?
It is important to listen for the feedback from others but it is also important to keep in mind that others might be missing the right perspective. The most expensive thing that you can do as a project founder is to think that there is someone else that knows how to build your project better than you. It is much cheaper for others to give you advice than to step into your shoes.
Until you succeed you will be continuously explained why you are failing and after you succeed you will be hearing why it worked out. But the truth is that after exploring thousands of dead ends and traps you managed to figure out the puzzle.
What problem does your business solve?
WhalesHeaven – is a non-custodial cross-chain peer-to-peer swaps. We let people exchange their crypto assets cross-chain without a trusted intermediary. Our solution relies on modern cryptography mechanisms and lets us provide much cheaper transaction fees than any of your competitors without compromising user’s privacy.
Our biggest selling point is that we are 6 times cheaper than Uniswap and let people exchange Ethereum assets directly for native Bitcoin or any other coins. Currently we support Bitcoin, Litecoin, Etherum, Binance Smart Chain, Dogecoin, Bitcoin Cash and this list is growing.
What is the inspiration behind your business?
At WhalesHeaven we love crypto and decentralised systems and we believe that the future of crypto is decentralised. We took a complex problem of cross chain transactions and built a decentralised solution that matched our vision.
We believe that crypto has always been and should always stay off anyone’s control. Cross chain swaps have always been a space where decentralisation was breaking and we propose our solution to fix it.
What is your magic sauce?
The problem that we are solving has been targeted many times before us. Previous solutions were based on the idea that there is some pool of authorised validators that are controlling users’ funds during the swap time or funds were wrapped on some other blockchain and actual exchange was handled on 3rd blockchain. Both these approaches have lots of gotchas and downsides.
The difference that we bring is that we let the exchange happen off-chain, yet it is decentralised and noncustodial. You can see this as analogous to atomic swaps. All the involved parties have to act jointly and honestly for the deal to happen. We also let people trade in different ways, covering a large case of trading scenarios that are currently can’t be covered on CEXex and existing DEXes. On top of that we are connecting blockchains that were traditionally seen as hard to be connected. Not to mention we are much cheaper for the user than any of our DEX and CEX competitors.
Our solution relies on modern cryptography methods to ensure there is no entity that solely takes care of funds and that every involved party, including funds owners, need to act jointly to make sure that deal is successful. Additionally, we involve professionals with experience of building crypto projects to make sure that we provide the best user experience.
What is the plan for the next 5 years? What do you want to achieve?
At WhalesHeaven we aim to transform our project to DAO and to evade any centralization point. Anyone should be able to spin up our software and to start participating in the network, letting people to swap their crypto funds reliably.
We want WhalesHeaven to become a go to solution to swap funds and a truly unstoppable network where the community jointly makes sure that the project is moving on. Bitcoin has paved the way and this is the road we think is the only one that is right to follow.
What is the biggest challenge you’ve faced so far?
We had to pioneer the way for multisigs wallets based on threshold signature scheme. In simple words – it is a private multisig. Unlike with traditional multisigs that we all know, with threshold multisigs no external observer can say how many parties are controlling a specific blockchain wallet.
The biggest obstacle was that when we started there was no wallet that supported this technology and we had to build our own. This was a complex and challenging process that involved a good understanding of the latest cryptographic trends and a very good vision. It is currently available as a Google Chrome extension. Shortly we plan to release Firefox Addon, Android and iOS apps and, of course, desktop client.
Our wallet is an important part of our platform and it allows users to not give away control over their funds while the swap is in the process. Yet we are working on a solution to simplify users’ lives and let them participate in the deal without any setup.
How do people get involved/buy into your vision?
We see an increasing amount of crypto projects that want to be listed on our platform since the advantages that we are bringing are solving their and their users’ pain points. It is helping project’s teams to move broader their own ecosystem stepping out the boundaries that came from selecting a blockchain to deploy the token’s smart contract on and to be confined to that blockchain’s ecosystem.
We simply connecting the dots in the blockchain world and this is what brings attention to what we do.
