He built a software development shop that helped 100+ customers, mostly from Silicon Valley, to tackle their engineering.
In 2017, one of the most popular crypto apps on the market with 300,000 active users and over 80,000 5-star reviews.
Below is our exclusive interview with Narek on the challenges of building a popular app for crypto users, how he became involved in blockchain and where he believes the industry is headed in the future.
What is your professional background and how/when did you get into crypto?
NG: I have an engineering background. Used to work as a software engineer for a big company then I was running Inomma for 3 years before CoinStats, which was a software development as a service agency, we were helping Silicon Valley startups with their engineering. Through that period, we used to develop and pivot our own ideas, have had about 4 products, which did not work out eventually because of different reasons.
I got into crypto after seeing crazy gains in Ripple (XRP) in May 2017, if I’m not mistaken it went up around x20 during that month. I just decided to get on the train.
Tell us about why you decided to develop CoinStats?
NG: It was Summer 2017 when I invested in a few cryptocurrencies myself and caught me multiple times a day using my MacBook calculator to count how much I own in dollars, as the market was so volatile. I’m like, there should be an app for doing this, I downloaded some of the apps available back then and all of them seemed to be pretty hard to use for a crypto newbie like I was. Then we took a week,