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Interview with Jan - Dollero

Today we had coffee and talked with Jan, a co-founder of the Dollero Exchange, an upcoming crypto exchange that will feature advanced trading features that are familiar to professional stock traders, but have yet to be introduced into the realm of crypto. Dollero is a member of the Crypto Valley Association in Zug, as well as a member of the Center for Financial Innovation at the Ministry of Finance of the Slovak Republic.





1. Can you tell us a little bit about the Dollero Exchange?


The Dollero Exchange is a new cryptocurrency exchange we are developing, we plan to launch at the end of 2022. What is special about the Dollero Exchange is it is a much more advanced trading platform than those currently on the market. Dollero features powerful tools such as custom graphs, technical indicators, drawing tools, advanced technical analysis, scanners, automated trading and more. We come from a conventional trading (stocks, options, commodities) background, so we are used to having these tools at our disposal. We saw that crypto exchanges are sorely lacking in this regard, so we decided to create our own solution.


2. Why are you personally interested in cryptocurrencies and/or Blockchain?


I got to crypto quite late, for a long time I wasn’t involved in it. Perhaps it was because I wasn’t a ‘believer’, and I was evaluating the crypto industry mostly through the price of Bitcoin.


It was only later that I discovered the underlying tech. I’ve always been drawn towards technologies, and blockchain does indeed look like the tech of the future.


3. What was your first experience with crypto-currency or blockchain?


Since I was mostly involved in trading on conventional financial markets (mainly forex), my first experience was that I opened up an account on Binance because I was curious to see what all the fuss was about. So it wasn’t so much an experience with a particular project or blockchain, but rather with a crypto exchange.


4. What do you currently consider to be the best blockchain project and why?


Hmm, I’ll be honest, I don’t follow crypto projects that closely. I’m interested in scalability and what blockchains offer as a platform, so I’m interested in cryptocurrencies that are focusing on that - networks such as Tezos, Ethereum, Cardano and so on. In regards to these types of blockchains, I like their scalability and what they provide for other projects.


Regarding Ethereum in particular, they have a long history and a large team, but they are also facing a huge challenge in the change from PoW to PoS. So yeah, its very bold of their founders and also their community. It isn’t easy, which is why they keep moving the date, so I’m curious on how they’ll manage to do that.


Asides from that, I’ve always been interested in fintech banks, especially those that already work with blockchain, for example WIREX or Revolut. I was always interested in the ties between DeFi and conventional finance, the interplay between pure digital and classic. I’m also very curious about the realization of central bank digital currencies (CBDCs).


5. If you could change one thing about blockchain and crypto in general, what would it be?


Education. I still think that education is still very cumbersome. Ordinary people have a problem understanding the concepts and using them practically. I think that’s the biggest challenge for crypto and blockchain in general


The people who develop these things are not intelligible to normal people. So ordinary people can’t understand these concepts, because they speak in ‘another language’. There is a way to introduce crypto to the masses, but it has yet to be discovered. It isn’t as easy as it seems.


6. What would you like to see implemented in blockchain? Either in your own project, in your favorite blockchain or in blockchain in general.


If state budgets were distributed via blockchain. It would be incredibly transparent, but probably too much and it would be uncomfortable for politicians. However, I know that that’s a total utopia.


7. What is a question you most often ask in relation to cryptocurrencies and blockchain?


I ask myself often this question, and I don’t know the answer to it, what will reduce the high volatility of Bitcoin, what can improve this high volatility? It's one of the things that discourages most investors, because not everyone can handle volatility this high, it is something unacceptable for many of them.


8. What is the most common problem you have with blockchains/cryptocurrencies?


One problem is that I can’t ‘plan’ expenses related to the blockchain network, i.e. transactions.

This can cause problems, especially with higher amounts. The fluctuation of the gas fees is an important factor for many people - some may only want to send big transactions only when gas is cheap etc.


8.2 What is the solution to that problem?


I don’t think I can answer that, that’s a question for blockchain developers. Perhaps Ethereum’s transition to PoS will in some way be reflected in the gas payment system, at least that’s what many people think orwhat they expect of it.


9. Where do you think that blockchain can be best utilized?


Even reknown auditor companies like PwC and Delloite see a lot of use cases for example in logistics. That’s the first thing that comes into my mind in regards to business practices. When it comes to everyday life, then I think it can be very, very useful in medicine, for example health records.


10. Where do you see the future of blockchain?


I firmly believe that blockchain will be rooted in the financial industry, and there will be some sort of hybrid model between the classic banking sector with the potential offered by blockchain. I’m not a supporter of the theory that crypto will ‘defeat’ the conventional finance industry. For example, crypto-anarchists think that Bitcoin will take over the world, but I don’t think that will happen. I believe in the coexistence of both, but that is up to these industries, to figure out a way to live together.


Thanks to Jan for having this chat with us. If you are interested in the exchange, check out their website.


Do you know of an interesting blockchain project that would be interested in having an interview with us? Feel free to send me an email, we’d love to hear your thoughts and publish them on our blog.


To read more about Tezos and the TezEdge node, subscribe to our Medium, follow us on Twitter or visit our GitHub.


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