By @SimonCocking interview with Mikhail Chernov CEO of DeHedge

What is your background briefly?

Hi, I’m Michail Chernov. I am an economist and I worked for several years as a financial analyst in a large company producing household chemicals. I invested in IPO, an American IT company. 5 years ago I launched my first startup on geoinformation systems. Quite quickly I sold this startup to a large Russian company – BarsGroup, and entered the extended board of directors there. Later, I founded several more companies. These were invested in by business angels and venture funds. I’m an IT Cluster resident, part-time consultant at the Kazan IT Park business incubator and Mentor at Sberbank, and Google’s Business Class program.

Does it seem like a logical background to what you do now?

I have sufficient experience in the foundation of IT companies and I am well versed in the technology of blockchain. For me, as an investor in IPO with experience, the ICO has become very interesting as an instrument. I see many positive aspects in ICOs. But there are also big risks. After a thorough analysis, we have decided to make a product to hedge the risks of investing in ICOs.

1 min pitch for what you are doing now?

We provide an instrument in the form of insurance on the exchange rate of tokens. If the rate of tokens falls below the cost of primary placement, the investor has the option to apply a smart contract and reclaim the initial value of the token.

Why did you get involved with this ICO?

We want to keep this market from a crisis like that of the dotcoms and attract investors to this market who are still afraid of investing in blockchain projects.

Why do you think it is such a powerful idea?

Everyone knows that this is a growing market with big profits to be had. But we have seen a lot of fraud and scam projects. Like the DAO, DeOS and many other projects who take the money and close the project.

Are there any guarantors in this market? They are technological in the image of guarantees, such as blockchain, smart-contracts, and other software. And DeHedge has made a decision to reduce risks based on blockchain technology.

How can people find out more about your company?

All information about us and our team can be found on our website – DeHedge.com, and at events around the world where the founders of DeHedge are actively present. As for our ICO, information on it can be learned from social networks, publications in media, ratings and trackers.


If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at [email protected] or on Twitter: @SimonCocking

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