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Staking Business in South East Asia

Vietnam Staking Economy is the first staking event in Vietnam as well as in South East Asia. 

Last week, TomoChain, Hashkey and Conflux chain, co-hosted Vietnam Staking Economy in Ho Chi Minh City. This is the first staking event in Vietnam and South East Asia. With population of 100 million, in which 2/3 was born after 1975, Vietnam now is the largest crypto market in SEA region, as stated in CoinMarketCap latest report. The staking event has 250 attendants, most of them are familiar with trading crypto. 

While many Vietnamese crypto users are familiar with spot trading, few are trying to stake into the chain as a way of investment. “We  organize this event to educate the market about staking, and to introduce some good staking projects to Vietnamese crypto community. This is ideal  option for long term investment in crypto. People get daily income right to their wallet”, said Nguyen Bui, Director of Partnership at TomoChain. 

TomoChain is top public blockchain in Vietnam, with PoS Voting consensus, it allows investors to stake into its 150 masternode with attractive interest rate. (33% for masternode owner and 10% for voter)

Conflux Chain, an PoW platform that allow staking, is an interesting case of PoW that allow staking. The project is on testnet with more than 11000 nodes. Its performance could reach 3500 TPS. Conflux Chain is an influential project in China and it raised 35 million USD last year. Ms Ivy Qi, marketing director of ConfluxChain, believes that Vietnam will be a big market for Conflux Chain. “ This is our first event in Vietnam. We are happy to co-host with TomoChain and Hashkey on the first staking event in Vietnam. We are building the Vietnamese community here and we will have more marketing activities toward the Vietnamese investors”. 

Hashkey Hub, a staking services app of Hashkey group, listed TOMO on their app for Hashkey users to stake to TomoChain. As a big player in staking business in China and the world, Hashkey hopes that they could win the Vietnam’s staking market by cooperating with TomoChain. Ms Molly, marketing director of Hashkey, shared about the ecosystem of Hashkey group, including staking services of Hashkey, named Hashquark. Along with Hashkey, John Riggins, head of international development of BTC Inc, shared about Echo protocol 

CoboWallet is another way of staking on crypto Wallet. Users could stake with a small amount of Token and get the reward on the wallet itself. Mr. Giang Nguyen, country manager of Cobo Wallet in Vietnam showed the excitement with the CoboWallet campaign to mobilize people to stake in TomoChain, which is supported by CoboWallet.