Hey, I'm one of the cofounders. There are definitely a number of preexisting options in the space. We think that having to search profiles and schedule times is unnecessary work that takes up time you could be practicing your language. It's really fun to just jump in and chat, and feedback has been positive from users who have used both us and other language exchange sites.
I agree. I have tried various language exchanges, and picking a partner and scheduling things is an unnecessary distraction and time consuming. I am looking forward to when you offer chinese. You should schedule it for the evenings in the US, which is the morning in china.
One potential problem you will face is that the time spent on each language needs to be balanced. I don't want to spend all my time teaching English, and then have the person hangup on me.