Talking Staking in South East Asia

Conflux Chain

Last week, Conflux, TomoChain, and Hashkey, co-hosted the Vietnam Staking Economy in Ho Chi Minh City. This is the first staking event in Vietnam and South East Asia. With a 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 had over 250 attendants, most of them familiar with trading crypto.

While many Vietnamese crypto users are familiar with spot trading, few are trying to stake into a way of investment. “We organized this event to educate the market about staking, and to introduce some good staking projects to Vietnamese crypto community. This is idea 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 known as a 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 on the other hand, is a PoW public blockchain that will enables staking in the long term. The project’s testnet has reached 3500 TPS with its Tree-graph PoW consensus protocol, has became the fastest and more scalable PoW public blockchain in the world. Ms Ivy Qi, marketing director of Conflux, 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.

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.

Also in the event, SenCoinEx, an crypto exchange from Japan, showed off their ecosystem of exchange and loyalty points. SenCoinEX will run the masternode on TomoChain to strenthen the partnership with the top blockchain project in Vietnam.

Above article was contributed by Alex from TomoChain and edited by Zhe from Conflux.

The staking community is not only growing in Vietnam, but also all over the world. To follow the progress of global blockchain revolution, you can join our Twitter: https://twitter.com/ConfluxChain and Telegram: https://t.me/Conflux_English

Conflux Chain

Written by

The next generation scalable, secure, and extensible blockchain.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade