[NEWS] Kuyumcu: A new way to trade Banano [EXCLUSIVE INTERVIEW]

By sebrock | sebrock-blog | 12 Jun 2020

I wrote this article and published it first in The Daily Peel which is the official, bantastic "Yellow Press" Magazine of the Banano community. It is full of puzzles, games, events, opinions, interviews, insider info on the Jungles of BANANO, and more!

Some of you may have heard of it, some of you have already used it. After 2 weeks of public beta testing and final refinements of the design, a new service is now available to the BANANO user community: Kuyumcu.

But what exactly is it and who is behind the development of it?

To answer these questions and bring to our readers all information about the latest and greatest addition to the BANANO ecosystem, I took the opportunity to talk to the developer of the service himself.

Kuyumcu Dev Interview

sebrock|42: Hello. Who are you and how did you first hear about Banano?

Yusuf: Hi, I am Yusuf from Turkey. It was two years ago, in 2018, I was excited about how Nano is working so efficiently. Having zero fees and sending money instantly, that is how a cryptocurrency should be. I started to search for a fork of Nano. Then I saw BANANO. Since then, I have been following both the Nano and Banano communities.

sebrock|42: Cool. So, you have been around since the beginnings. What is Kuyumcu and how was the idea for it born? Yusuf: Kuyumcu is a cryptocurrency Atomic Swap Service. You can buy and sell Banano and Nano there, instantly and without fees. When you translate it from Turkish, Kuyumcu means “Jeweler”. The initial idea was to create a decentralized exchange.

sebrock|42: Wow. So, users don´t have to use an Exchange to get $BAN for $NANO. That´s very cool! Why did you choose Banano and what makes Kuyumcu special?

Yusuf: Because both Banano and Nano are feeless and are green currencies, without the need for a lot of energy consumption to run nodes and perform transactions. And not only that, the communities are awesome as well. They always help and support each other.

sebrock|42: These are certainly good reasons. You are so right about the community. I love the BANANO jungle, too. Do you have plans for further development of Kuyumcu?

Yusuf: Kuyumcu is currently working dependently on its own Banano and Nano nodes running on the same server. Independence from that by connecting to external nodes is the next target now, so that we can move forward to more decentralization.

sebrock|42: Decentralization of services in the BANANO ecosystem obviously is very welcome. I am excited to see that happen and I am sure our readers are looking forward to seeing this enhancement as well.
Yusuf, before concluding the interview, is there anything else you would like to tell the Banano community?

Yusuf: I am open to any suggestions from the community to make Kuyumcu better day by day. I hope the readers like the idea of Kuyumcu. Thanks a lot for the interview!

sebrock|42: It was a pleasure talking to you. Have a great day!

Conclusion:

So, there we have it: The first ever Atomic Swap Service for BANANO. I hope you enjoyed this interview.

By the way, if you are unsure how to pronounce it, here is the phonetic transcription of Kuyumcu: [kʰu̟ju̟mdʒu]

You can access Kuyumcu at https://banano.nano.trade/. The service is extremely easy to use. Instructions and more Info about Kuyumcu are available in the FAQ at https://banano.nano.trade/faq.

Tell us about your user experience and thoughts about Kuyumcu in the comments section. Should you have ideas for improvement you can reach out to Yusuf on the BANANO Discord Chat server.

I scrolled too fast, what’s BANANO again?

For the impatient ones amongst you who missed the intro above, here’s the short version of what BANANO is. Also, if you don’t know BANANO yet, it’s obviously perfect to just read our brand-new animated, meme-rich and interactive Yellowpaper!

BANANO is a cryptocurrency (pretty much as Bitcoin or Ethereum, forked from NANO in April 2018) powered by DAG technology — here to distrupt the meme economy. Yes, BANANO has memes! And also feeless and near-instant transactions, a highly active community, and active technical development! The BANANO community doesn’t take themselves too seriously, but we’re here for the long run and we enjoy what we do. A concise explanation can also be found here at Bitcointalk, or on our official website, and you’ll find help getting started at banano.how.

See current BANANO price and market data at Coingecko or CoinMarketCap. You’ll find a summary of all current trading pairs and exchanges here.

Importantly, BANANO is super easy to use and puts an emphasis on free and fair distribution and crypto education. Just try our slick mobile wallet called Kalium and get your first free $BANANO from one of our faucets within minutes!