Gajesh Nayak from India is creating a sensation in the virtual currency business. He is still running a multi-crore business before completing the tenth class. The wealthiest people in the world are investing in his company in appreciation of his performance.
Gajesh Nayak, age 13, 9th class, lives in Goa. None of this is his specialty. But the financial value of the business app he founded is worth over Rs 50 crore. Gajesh achieved this feat without even passing the tenth class. He is taking cryptocurrency operations in India to new heights. If startups are struggling with the corona crisis, Gajesh is moving in the opposite direction.
Very Good at StudiesÂ
Gajesh Nayak, from People’s High School in Panaji, the capital of Goa, has been proficient in education and mathematics since childhood. He has been interested in technology since childhood. So when the school closed due to Corona, he prepared study content for his lower class students and made it available online. He completed certificate courses at New York State University before the schools opened. Excelled in C, C Plus, JavaScript, and other programming languages
Focus on cryptocurrency
Gajesh participated in the 2018 International Black Chain Conference in Goa. Since then, interest in blockchain technology and artificial intelligence has grown. He added to his interest the new courses he learned during lockdown time. Coding‌ Writing is easy. He then focused on cryptocurrency, the virtual currency market. Discussed with experienced professionals on cryptocurrency. He later created his own new app called Polygaj.
Decentralized‌ Polygaj App
Based on the DFI protocol on Polygon blockchain technology, Gajesh Nayak manages the transactions related to Polygaj Diap cryptocurrency. In which the business related to cryptocurrency can be conducted without any legal approvals, intermediaries, brokers. In this system, no one has control over the business and financial affairs; all the transactions are done automatically within the blockchain technology protocol.
$ 7 million
Its operating capacity reached $ 1 million within a month of its launch on the Diap in Polygaj. Leading American billionaire Mark Cuban recently expressed interest in liking the performance of the Polygaz app. Invested himself. With this, the management capacity of Polygaz has now reached $ 7 million. Founded by a 13-year-old Indian boy, the Polygaj app is also performing surprisingly well for Americans.
Defi Protocol‌
Banks usually carry out financial activities, which are overseen by the central banks. All of these are subject to government regulations, local laws, and the Constitution and defy means decentralized finance. I.e., laws, government regulations, financial transactions that take place without intermediaries. This includes lending, borrowing, exchanging, profits, etc. However, cryptocurrency is used as an exchange. All this is done on the basis of artificial intelligence called BlockChain. The apps that provide these services are called DIAP, which means decentralized apps.
Cryptocurrency and blockchain are considered future technologies, and many banks and organizations are accepting cryptocurrencies. Even SpaceX Founder Elon Musk and Twitter Founder Jack Dorsey are the few tech celebrities who have cryptocurrencies in their portfolios.
Cryptocurrency is considered as the future money. However, there is no intermediate and regulation involved in a cryptocurrency transaction. Every transaction is recorded and traced back even though there is no regulation and intermediates involved in between.
Many tech companies are working on making their own cryptocurrency. Even though countries like china banned cryptocurrency, many banks and companies like Tesla are accepting cryptocurrencies.
There are many Indian crypto startups that are trying to bring awareness about cryptocurrencies and blockchain technology in India. They call it the future money.
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