The Product that we envisioned — Flux

Hello everyone,

I know that you all are eagerly waiting for the launch of Flux just as much as we are. After the RBI circular, me and my team have been through every solution that we can think of to make sure that India does not fall behind in this new era of Blockchain and Cryptocurrencies. The reason, it is such a technology that has the potential to disrupt even the existing internet that we use, I mean its the internet. I had read in my childhood, how Silicon Valley grew up during the dot-com revolution as everyone saw them. Back then, India was not technologically advanced to be at the forefront of the technology. But since then, our country has produced many of the best people in the world with Indians everywhere even leading companies like Google and Microsoft.

When I was a child, I always wanted to see India leading the technology for the whole world and becoming the home of the talent. The blockchain is still in its infancy, and I believe that this technology is looking for its new home. So instead of waiting for the RBI, we started working on the solution to fight the current regulatory scenario in the country and make sure that we don’t fall behind.

And that is how Flux was started. We started the development in the mid-June with the mission of creating a peer-to-peer exchange which feels just like a centralized exchange. The experience from sign up to a trade execution should feel no different than what we are used to. I knew it was tough because we have not seen such a product before. The existing ones that we know seem like “OLX for trading” where people put up the advertisement to trade in a specified range. Do we deserve that? An OLX for trading? Well, I believe we deserve better than that. So me and my team took our brains out and asked it to think everything it can. And Voila! We got it. And we started the development with a deadline that we gave you.

But no new things are easy to do although they look to us in the beginning. We realized it pretty late. We worked day and night to finish it in the specified time, but there was more than we thought of. We knew that it’s going to be just amazing in the end, so we keep climbing until we reach there.

To achieve what we envisioned in the beginning, I request you to give us more time to work on it and make sure that you get what we all deserve and it’s just perfect to show it to the world that India is not falling behind. We will keep fighting. We are delaying the launch of Flux until further announcement. I assure that day and night, all are looking same to us and we are working on it with our full force.

But we cannot do it alone. We want your support to keep believing in us and share our vision during this tough journey. Meanwhile, we will keep adding beta users to our list and will send invitations in few days to further help us improve and make it what we all envisioned. In case you have any question or suggestion for Flux, I am available on telegram (@shubhamy) or feel free to send me your ideas at shubham@coindelta.com.

PS: Your INR withdrawals are working fine, and we are looking into every possibility to increase the deadline further. Also, we have a new announcement about Coindelta as well. Stay tuned for that.

Thank You,
Shubham Yadav
Co-founder, Coindelta