The Founding of InfinityBit: A New Level of Transparency

Hello everyone! Most of our community members already know me from the Telegram group; it is now time for me to make this inaugural blog post. I am Alyssa McKeown, the Founder, Chief Visionary Officer (CVO), and Chief Technology Officer (CTO) of InfinityBit. I have been fully integrated into the cryptocurrency industry since 2014. During this time, I have watched as the exchanges on which I traded vanished; including Cryptopia, Yunbi, FTX, and many others. I realised all exchanges all have a fundamental problem: complete lack of transparency. I founded InfinityBit with the vision of a new level of transparency in centralised exchanges.

Back in late 2021, while laying the groundwork for a quantitative trading firm, I started a small, centralised cryptocurrency exchange as a side project. I began writing the backend codebase and pondered how we could greatly improve on existing exchanges. I knew early on, my new exchange would hold funds 1:1. In early 2022, I met Stefano Migliozzi, who soon became my Co-Founder. When we talked about problems that plagued our industry I realised that, like me, he is enthusiastic about the crypto industry but not unaware of its issues. Around this time, I also conceptualised what would eventually become FSB, our innovative real-time proof of reserves technology. When I shared my innovative approach with him, his excitement only confirmed that it was time for me to focus solely on InfinityBit.

I appreciate Stefano for his extensive experience with tokens, and he was the one to suggest creating an ERC-20 token for InfinityBit. This led us to introduce InfinityBit Token (IBIT). We extensively discussed how this token could fit into InfinityBit’s future ecosystem and the benefits we would build around it. Once we were satisfied with the use cases for the token, I wrote the smart contract and deployed IBIT. Over time, a thriving community formed, which shares our excitement for a future where centralised exchanges do not operate as black-boxes.

As we move forward, I will ensure the vision for InfinityBit remains unchanged and laser-focused: to establish a new level of transparency for centralised exchanges. Transparency is at the core of InfinityBit and we will build upon it with an extensive, industry-leading ecosystem. This is precisely why I’m so excited about the path ahead as we get ready to launch in 2024.

Alyssa McKeown

Founder, CVO, CTO

InfinityBit International

Read more