The 13-year-old boy made his own coin, the trade volume occasionally reached 7 million USD

The 13-year-old boy made his own coin, the transaction volume sometimes reached 7 million USD


Gajesh Naik is the developer of this PolyGaj cryptocurrency, which is being used in a million dollar industry. However, many investors were amazed to learn that the boy was just 13 years old.

Arjun Kalsy, vice president of expansion at crypto company Polygon, said he was amazed when he received a text from Gajesh Naik. Developer PolyGaj introduces himself as only 13 years old.

“I’m 100% sure this guy is a scammer. He’s probably must be an old man,” vice president Arjun Kalsy told Decrypt.

At first, Kalsy did not need to respond to Naik’s messages. After getting a couple more messages Telegram, he accepted that the conversation and opened a live video call on Zoom. “After that call, I watched Gajesh Naik. Oh my gosh, it is a really 13-year-old boy,” Kalsy said.

13-year-old programmer of this cryptocurrency job

Gajesh is just 13 years old but he’s currently the primary architect of PolyGaj, a decentralized fund (DeFi) protocol built on the Polygon blockchain. The total quantity of cryptocurrencies traded with this protocol stands at $1 million. That number reached $7 million at the end of May, following billionaire Mark Cuban spent in Polygon.

“I have basic math skills like addition, subtraction, these are essential. Then I started learning all of the programming languages,” Naik said by telephone at his family home in Goa, India.

The young programmer knows programming languages ​​such as C, C++, Java, JavaScript and Solidity, that are generally utilized to write wise contracts based on the Ethereum platform. Naik began learning programming five decades back in a professional training school, utilizing a drag-and-drop application known as Scratch. At that time, he was just 8 years old.

“Gajesh Naik is a gifted boy, passionate about AI and programming. Smart young folks just like you can inspire our nation’s startup ideas,” stated Rohan Khaunte, member of parliament for Goa, India, about Naik at a Twitter post.

As Covid-19 disperse in southwestern India within the last two months, PolyGaj remained at home with his parents and younger brother. Naik’s dad Siddhivinayak has a diploma in computer science but is currently a civil servant. Thanks to his father’s encouragement and enthusiasm for cryptocurrencies, Gajesh frequently spends time with PolyGaj.

At the exact same time, Gajesh Naik also recorded a video describing cryptocurrency because of his own YouTube station and consented to people interviews with influencers in India. Currently, Kalsy and Naik still keep in touch. Polygon Vice President stated that many investors have begun to approach PolyGaj.

Risks of a young supervisor quản

Kalsy asserts that PolyGaj is a clone of Goose Finance, a DeFi job on Binance Smart Chain. The sites of both of these cryptocurrencies are nearly identical, except for a couple of minor tweaks.

Kalsy added that the calculations supporting PolyGaj come out of a contract called “MasterChef,” which underpins another popular DeFi protocol, SushiSwap.

“Gajesh is more oriented towards business and execution than the math aspects,” explains Kalsy.

Not everybody is in favor of one and young developer like Naik handling the whole blockchain network of this PolyGaj project. In a response to Decrypt, DeFi researcher Chris Blec highlighted that Naik is too young to comprehend the dangers associated with DeFi.

“A small child with an administrative key, deploys a intelligent contract of wonderful value. I can not assert or explore him,” Chris Blec said.

However, blockchains are usually transparent. Naik has almost 18,000 followers on Twitter. Kalsy reasoned that when the boy used his admin rights to spend all his cash, Naik’s reputation would be destroyed.

“I can only hope that over a period of time with sustained efforts, I can earn the love and respect of this amazing community,” Naik wrote in a blog post.

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