[Exclusive Interview] Meet the team of Houdini Swap

We are honored to have the Houdini Swap with us today. They are building and operating a service that anonymizes blockchain transactions using Monero. Together, we will be discussing the concept behind Houdiniswap, how it works, how the team came up with the idea, as well as the importance of anonymity in the blockchain space. Let’s dive in!

Houdini Swap is a service that anonymizes blockchain transactions using Monero as a tunnel between multiple non-KYC liquidity partners. Source: Houdiniswap

[SurferInvestor] Could you please summarise briefly what Houdiniswap is about?

[Houdini Swap] Houdini Swap is a service that anonymizes blockchain transactions using Monero as a tunnel between multiple non-KYC liquidity partners. By using Monero, we break any on-chain links between sender and receiver, allowing for a base layer of anonymity that isn’t available in standard crypto transactions. Our core focus is on bridging the inherent disconnect between public blockchains and the individual’s right to privacy. As blockchain continues to become integrated into the traditional financial ecosystem, the idea of paying for services with crypto and exposing your on-chain wallet history to corporations is unacceptable. 

[SurferInvestor] Could you please present the team and their background?

[Houdini Swap] Houdini Swap is a team project that consists of 8 members, each with their own background and experiences. Our team comes from a diverse background spanning big tech companies, crypto, engineering, finance, and business development. Additionally, we have an advisor in Dream Labs, which is the launchpad and incubator that helped us get off the ground.

[SurferInvestor] How did you come up with the idea of Houdiniswap?

[Houdini Swap] There was a realization of a couple of things: an individual has an inherent right to privacy and the existing landscape for blockchain transactions didn’t do enough for the individual to protect this right. If you consider the traditional financial system, when you go to pay for Uber using your bank account, Uber doesn’t have access to your financial history, your net worth, and all the money you’ve spent on dozens of unrelated services. There is some layer of privacy that a bank provides. 

[Houdini Swap] Whereas with crypto, you pay for a service using USDC, and now that service provider can see your crypto net worth, your NFT net worth, and every single transaction you’ve ever done using that specific wallet. It’s completely unacceptable and highlights the need for a privacy service like Houdini Swap

[Houdini Swap] We knew we were on the right track with building something like Houdini Swap when we saw the uproar of the privacy-focused crypto community after Tornado Cash was sanctioned by the US government. The demand for anonymity services, which was over $20 million per day on Tornado Cash doesn’t just suddenly vanish. Tornado Cash disappeared and there were everyday folks left without a privacy solution.

[Houdini Swap] The real challenge with Houdini Swap, especially early on, was figuring out how we could offer privacy solutions that are compliant with regulatory agencies and catered to everyday users, not criminals.

Swap functionality on Houdini Swap, anonymous or non-anonymous feature. Source: Houdini Swap

[SurferInvestor] What item in the roadmap gets you the most excited?

[Houdini Swap] Partnerships. We’re beyond the MVP phase of Houdini Swap based on our early users, volumes, and swap metrics. As we’ve validated demand, we’re now building features that allow integrations of our swap into other organizations’ services. Whether it’s an SDK or an API integration, this will expose Houdini Swap and its benefits to more users who may not be aware of what we have to offer. And at the end of the day, there’s a real demand for what we have to offer. It sells itself.

[SurferInvestor] Why should I use Houdini Swap as a user? What problem does it solve?

[Houdini Swap] If you value privacy regarding your crypto assets and history, Houdini Swap is a no-brainer solution to your needs. In my prior answers, I outlined the benefits for the individual user. But think of it in the context of a Web3 business owner. 

>> Does a Web3 business owner want to expose their assets when doing payroll for their employees? 
>> Does an NFT business owner want to expose their own assets when funding a deployment contract? 

[Houdini Swap] There are dozens of entirely legitimate reasons for using a privacy service like Houdini Swap that doesn’t involve crimes. And I mention crimes because it’s a frequent question that gets brought up when talking about the value proposition of Houdini Swap. People frequently cite money laundering as a value prop for privacy services and that’s something that we want zero association with. Unfortunately, due to media brainwashing, people have this idea that privacy services like Houdini Swap only help out terrorists and money launderers but that’s the furthest thing from reality. I hope these examples help clear that up.

[SurferInvestor] In an ideal world, how would Houdiniswap look in 5 years?

[Houdini Swap] In an ideal world, Houdini Swap would integrate with transactional platforms like MetaMask so that whenever crypto is sent or received, it is automatically layered into Houdini Swap. 

[SurferInvestor] For people who wanna jump in, how to get started?

[Houdini Swap] The easiest way is to go to Houdini Swap and poke around. We provide How-To videos and enough resources for someone to go on there and learn how it works. User experience is the killer edge in crypto and we hope that our service is easy enough for people to jump in and get started easily. Additionally, we’ve recently launched the Houdini Swap loyalty program via our staking mechanism. Each time a user uses our swap service, there is a small fee that is collected as revenue for Houdini Swap. With our loyalty program, users can earn that fee back as a rebate as long as they’re participating in our staking protocol.

1. To enter into the Houdini Swap loyalty program, swap users must stake their $POOF tokens for varying amounts of time. The longer the staking period and the more that is staked, the larger the swap fee rebates for the user to claim.

2. Each user will be able to generate a unique account ID and a referral link which can be shared with others. By using this link or ID, swaps will be attributed to the referrer, and they will be able to earn more $POOF.

We’d like to thank Yng for taking the time to present Houdiniswap and explain why privacy matters so much. For readers to want to go deeper, please see below the socials of Houdini Swap. For those who want to explore more PriFi (Privacy Finance), we would suggest having a look at our articles about Offramp.xyz and Sacred Finance.

Are you interested in purchasing the $POOF token? You can track its price here:

  • Open an account on Binance today >> Click here

We wish you all the best in your life as a cryptocurrency, stocks, or ETF investor. We also hope that you enjoy our Lifestyle section. Please keep in mind that I am no financial advisor and none of the above is guaranteed to be correct. I create the content above for education purposes only. Cryptocurrency investments are subject to high market risk. Surfer Investor is not responsible for your trading losses. The opinions and statements made above should not be construed as financial advice. All the best – Surferinvestor.com

Zeen is a next generation WordPress theme. It’s powerful, beautifully designed and comes with everything you need to engage your visitors and increase conversions.