“EVERY SMART PERSON THAT I ADMIRE IN THE WORLD, AND THOSE I SEMI-FEARED, IS FOCUSED ON THIS CONCEPT OF CRYPTO FOR A REASON .”
RIDWAN O. ADIGUN
SINCE THE AGE OF 14, RIDWAN REALIZE HIS PASSION TO
BE IN BUSINESS.
When he took work to be a cobbler’s assistant, he became inspired to be a businessman as he practice sales of homemade fashion shoes to friends and neighbors. he went to college and studied Business Administration at Cyberlynk international College and further pursued Entrepreneurship training at The Federal University of Australia; As most of the successful entrepreneurs have not finished schooling but their vision and passion carry them through hard labor. seeing these influential entrepreneurs as a role models, Mr. Adigun choose to pursue business after five semesters of entrepreneurship studies.
During Mr. Adigun’s time in college, he would receive an allowance back home and noticed the money transfer service charges between 5-10%. The calculation appears when receiving a thousand USD (U.S Dollars), senders are mandatory to pay a fee between fifty to one hundred USD on every successful transaction. Mr. Adigun seeks a savvy means from paying an extra fee.
During Mr. Adigun’s time in college, he would receive an allowance back home and noticed the money transfer service charges between 5-10%. The calculation appears when receiving a thousand USD (U.S Dollars), senders are mandatory to pay a fee between fifty to one hundred USD on every successful transaction. Mr. Adigun seeks a savvy means from paying an extra fee.
THE LOVE OF P2P, BECAME INVESTING INTO CRYPTO AND NFT'S
Mr. Adigun arranged meetings with Nigerian vendors like restaurant owners, dried food importers, and expatriates asking these vendors if they wish to send funds to Nigeria so he could have his allowance into their account while he receives the cash from them. Meanwhile, Nigerian restaurant owners were also going through a similar situation of high fees for the money transfer service, and so does the expatriates and dried food importers. He became aware that other students who are his friends are in the same boat but has yet to realize that parents are paying high fees to get an allowance for them. This became an absolute advantage as he asked his friends to assist them in receiving funds to avoid the high fees in return, he shares the percentage of the fees with other students. (This seems like a win-win situation, for the students, expatriates, and vendors).
As the process continues, the first challenge arises when more students wish to receive funds and expatriate is expected to get paid by the end of the month, and vendors would only want to restock twice every 3 months. The situation became overwhelming and what Mr. Adigun sees as an opportunity started failing.
This led him to start researching in different ways to receive money from Nigeria. The big institutions that he first avoided were popping up such as, western union, money gram, and transfer wise. The rabbit hole landed him on a website forum where the Redditors are talking about a new technology called Bitcoin.
Bitcoin sales resolve the delay issues that arise with he student allowances dilemma when vendors are not ready to import goods. Along the line, Mr. Adigun learned that there are other coins besides bitcoin, and those who buy into bitcoin at an early stage of its development have profited tremendously from it. Other coins are known as Altcoins and he became putting his portion of his profit into other altcoins (Binance coin, Litecoin, and Bitcoin cash). Intending to sell as the volatility of price raises, the journey of being a cryptocurrency trader led to being an investor in the space. some of the early projects that he hold were Binance coin BNB, Bitcoin Cash, Litecoin, Hive Blockchain, and Sparta Protocol, and his big success came when he invested a sum of twenty-five thousand US. Dollars into Molecular-Future while staking the native token on the developer’s custodian wallet with a return rate of 60% per quarter of the year. The holdings go for a period of 24 months which yields the result of 41.8x return on initial capital. Mr. Adigun is positioned as a director of portfolio and risk management with the company he founded “Funding Users And Developers Investment Service” and continues to diversify his investment into initial coin offering, initial dex offering, and compounding of allocated tokens.
