Cryptocurrency Platform AEX launches a program that will boost Vietnam’s crypto community.
The rise of cryptocurrencies has made them a major player in the global economy. More and more companies are now looking to promote cryptocurrencies as a way of boosting local and regional markets.
On March 21, digital asset platform AEX launched a “green funds” to support the Vietnamese crypto ecosystem. An initial $100 million investment will support the venture.
AEX aims support the development of DeFi and GameFi projects in Vietnam. The company will invest in both the upstream and downstream sectors of the country to carry out this initiative. Any company based in Vietnam can apply to the $100 million fund.
100M to Support Vietnam’s Blockchain Projects
According to the company’s press release projects that participate in the fund will receive tremendous financial support, access more than tens to millions of users and extensive financial management support to support their growth.
As a reward, high-quality DeFi projects that comply with AXE’s criteria can be eligible for immediate liquidity incentives. They will also promote the creation and development of quality new projects through contests and events that will be held throughout the country.
“AEX will prioritize projects that meet the criteria and recommend them to friendly operators and cooperative exchanges with an open and inclusive mindset.”
EX Strives to Be a World-Class Crypto Bank
With over one million registered users, AEX aims to be a global crypto bank.
According to market research by the company, demand for blockchain industries has increased in Vietnam by 140% over recent years. This has attracted many investors and users into the world of cryptocurrency.
A survey by Finder.com conducted in 27 countries last year found that Vietnam had the highest adoption rate for crypto, with over 40% of respondents having bought cryptocurrencies.
Finder.com also reports that Vietnam is the fifth most populous country in the world with the most people wanting to buy NFT. This indicates that there is a lot of interest in Vietnam for crypto-related products.
Even if Vietnam still has a hate-hate relationship with cryptocurrencies and blockchain technology in the same manner as China, they need to realize that cryptocurrencies are here for the long-term. Experts agree that they should be regulated sooner rather than later.
It takes only one politician to initiate the movement.
Marla Brooks – Financial Analysis
My name is Marla Brooks, and I am the mainstream behind the”observednews.com” for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.