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AEX launches program to boost Vietnam’s crypto ecosystem

written by Bella Palmer
crypto-ecosystem

On March 21, digital asset platform AEX announced the launch of a ‘green fund’ to empower the crypto ecosystem in Vietnam

Cryptocurrency Platform AEX has launched a program to boost Vietnam’s crypto ecosystem.

Cryptocurrencies have more than just helped many people overcome economic crises in their countries; they have become a key figure in the global economy. As a result, more and more companies are looking to promote their use as a way to boost the regional and local markets.

On March 21, digital asset platform AEX announced the launch of a ‘green fund’ to empower the crypto ecosystem in Vietnam. The endeavour will be backed by an initial $100 million investment.

AEX aims to support the development of DeFi, GameFi, and NFT projects taking place in Vietnam. To carry out this initiative, the company will invest in both upstream and downstream industries in the country. As such, any Vietnam-based company can apply for access to the $100 million fund.

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. In addition, they will promote the development and creation of new quality projects through events and contests that will be held in the country this year.

With more than one million registered users on the platform, AEX seeks to become not only a crypto asset platform but a world-class crypto bank.

According to market research conducted by the company, the demand for blockchain industries in Vietnam has increased by 140% over the past few years, attracting many investors and users to the world of cryptocurrencies.

Disclaimer:

The opinions expressed by our writers are their own and do not represent the views of UK Investment Guides. The information provided on UK Investment Guides is intended for informational purposes only. UK Investment Guides is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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