I guess we really need to see the finished product first. Everyone has their goals specially building exchanges and providing good services. However, I haven't seen anyone who really giving us a good support, to be honest. Up to know there are a lot of complains coming from crypto traders so I don't know you are you going to separate yourself from the rest of the competition.
Speaking of competition, its really tough out there, specially new exchanges because of trust. And people tend to use those who have proven trust already. But good luck to your dreams and your project.
$1 million seed investment fund? I don't know how are you going to raise without any any working model to show to your potential investors.
A lot of people have Done That.
I have Firstly engaged my self in the problems asked by different people from time to time and reviewed several traders based on their experience and I am really onto removing problems one by one.
The finished product won't be seen before Nov- Dec.
but to reach the technical requirement I am gonna need funds.
it's not that I have not put my money in the project I took some loans from friends and an OD from the bank But that was not a big amount. Not just that i tried working and doing other stuff also to make more money so we can have some more fuel.
Your idea isn't unique though. An exchange that functions like a bank account, is non custodial, has a lot of TPS and interest rates?
Why do you think such an exchange doesn't exist yet? Because it's not possible.
Binance, a billion dollar exchange, has been working on a decentralized exchange with dozens if not hundreds of engineers that can support x TPS, yet you claim you can do it too, you just need 1 million in seed money?
And you have nothing but the idea yet? Without connections i can already tell you, it's going to be near impossible to get that seed money.
There's already dozens of ICO's "Icoing" for the exact product you're describing, decentralized exchanges et al. Perhaps you can try your luck launching another token, but i know i won't be the one buying them.