Sumit Gupta (CoinDCX)
@smtgpt
Building @CoinDCX 🚀 || Tweets about Indian Crypto and Web3 sector || 🌎. Hiring the best Web3 folks; DM to apply. 📩
India collected a total of ₹706 crore in crypto income tax over the last two financial years. -FY2022–23: ₹269 crore -FY2023–24: ₹437 crore But here’s the BIG problem. TDS India lost to offshore exchanges: -FY22–23: ~₹3,493 Cr -FY23–24: ~₹2,634 Cr (Data from from Esya…
We have made Web3 transfers live for 7 tokens (covering 90%+ of the capital). We are monitoring organic txns for sometime to manage the load. We want to wait for an hour before further scaling this up 🙏
Update on enabling Web3 -> Deposits and Withdrawals. Solana, BSC, Base live 🙌🏻
Update on enabling Web3 -> Deposits and Withdrawals. Solana, BSC, Base live 🙌🏻
Update on enabling Web3 -> Deposits and Withdrawals, team is still working on it. By tomorrow EOD we will enable this for 3 chains - Solana, BSC, Base. These chains have 93% AUC of our web3 customers as of now. Rest chains will take another day.
I have now spent more than six years at @CoinDCX, and the journey has been a roller-coaster ride with plenty of highs, a handful of lows. But I can assure you that every twist has only made us stronger, time and time again. Last week’s incident was a tough one for us at CoinDCX.…
Update - Listings issues resolved
We will not sleep tonight if listing of tokens is not solved. Team is solving the listing problem. Last night 6 tokens were listed including BOME SYS ORDI LUNA PEIPEI. Rest of the tokens will be listed today no matter what. highest priority.
Product Update on web3 mode in Coindcx
Update on Web3 section on Coindcx App. Guys the team is working hard to restore withdrawals, cross chain bridging, GSN and deposits. ETA for all of these to resolve is tomorrow morning. I want to make all this fully functional quickly because Alt season is upon us and Web3…
The CoinDCX leadership team recently hosted a live Open House session on YouTube and X to address the community's toughest questions following the recent incident. One of the key questions we got was about the recent price discrepancy observed in certain tokens and pairs on…
We will not sleep tonight if listing of tokens is not solved. Team is solving the listing problem. Last night 6 tokens were listed including BOME SYS ORDI LUNA PEIPEI. Rest of the tokens will be listed today no matter what. highest priority.
Finally got some time to sleep. Took a moment to digest everything that’s happened over the last few days. Until now, it was all about solving the problem at hand — heads down, no distractions. It was a challenging situation to deal with, no doubt 🙂 But here’s what I know —…
Appreciating your work brother @smtgpt you manage everything very smoothly Specialy i like your live video 💯 You replays every user question very gentally Hit one like for this man @smtgpt and all dcx members @CoinDCX
CoinDCX is built to last. With top-tier investors behind us and the confidence of over 1.9 crore users, we’re stronger than ever. Our treasury is strong enough to run the business into perpetuity. Any capital we hold is purely to grow India’s crypto market.
.@CoinDCX remains financially strong, fully operational, and firmly committed to building for the long term. For us, it’s business as usual. Here’s why. Let’s set the record straight with facts! w/ @neerajKh_, @mri_gup 🧵 👇