Program Launched by Cryptocurrency Platform AEX to Boost Vietnam’s Crypto Ecosystem Cryptocurrency Platform AEX launches a program to boost Vietnam’s crypto ecosystem.
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 announced the launch of a “green fund” to empower the crypto ecosystem in Vietnam. Initial $100 million will fund the endeavor. AEX aims support the development of DeFi and GameFi projects in Vietnam. This initiative will see the company invest in both upstream as well as downstream industries. 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 participating in the fund will have tremendous financial support, access to a database of more than tens of millions of users, and extensive financial management support to help them grow. High-quality DeFi projects that meet AXE’s criteria will be eligible to receive immediate “liquidity” incentives as a reward for their performance. Through events and contests, they will encourage the development and creation new high-quality projects in the country. “For projects that meet the selection criteria, AEX will follow the rules and regulations to prioritize listing support and recommend them to cooperative exchanges and friendly operators with an open and inclusive attitude.”
AEX aims to be a world-class Crypto Bank
With over one million registered users, AEX aims to be a global crypto bank. According to the company’s market research, there has been a 140% increase in demand for blockchain industries in Vietnam over the last few years. This has attracted many users and investors to the worlds of cryptocurrencies. 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 highest interest in purchasing NFT. This is an indication of the high interest in Vietnam in crypto-related matters. So even if Vietnam continues to have a love-hate stance towards cryptocurrencies and blockchain technologies in the same way as its neighboring country, China, sooner or later they must realize that — as many experts point out — cryptocurrencies are here to stay, and the sooner they are regulated, the sooner they will be able to take advantage of them. To start a movement, all it takes is to find one politician.