Top 10 crypto projects in Asia: Indonesia, Korea,Vietnam, India, China

  • Axie Infinity (AXS) – VietnamChơi Axie Infinity - Thanh niên mua hai ngôi nhà ở Philippines từ lợi nhuận trong game - Coin68

    • The hottest crypto NFT game in the last few months, Axie revenue in the last few months also surpassed that of Ethereum, Uniswap and Metamask…
    • Axie Infinity team are a Vietnam based team with three cofounders are Vietnamese and the other are from Norways and the US.
  • Indodax – Indonesia

    • The most popular cryto and bitcoin exchange in Indonesia
    • Self-description: INDODAX is the Largest Indonesia Digital Crypto Exchange that act as backbone for the entire finance ecosystem in Indonesia that implementing public blockchain technology. Formerly knows as Bitcoin Indonesia. It has been serving Indonesia and South East Asia since 2014. We build a world-class Digital Asset service business that focuses on exceptional customer service, continuous innovation and long term client relationships. We actively upgrading our Indodax.com to improve its services.
    • See more details at Top 10 most popular crypto exchanges in Asia
  • Kyber Network (KNC) – Vietnam

  • Terra (LUNA) – Korea

    • Terra was founded in January 2018 by Daniel Shin and Do Kwon. The two conceived of the project as a way to drive the rapid adoption of blockchain technology and cryptocurrency through a focus on price stability and usability. Kwon took on the position of CEO of Terraform Labs, the company behind Terra.Prior to developing Terra, Shin co-founded and headed Ticket Monster, otherwise known as TMON — a major South Korean e-commerce platform. He later co-founded Fast Track Asia, a startup incubator working with entrepreneurs to build fully functional companies.Kwon previously founded and served as CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions. He has also worked as a software engineer for Microsoft and Apple.

      What Makes Terra Unique?

      Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.

      Terra has established a number of partnerships with payments platforms, particularly in the Asia-Pacific region. In July 2019, Terra announced a partnership with Chai, a South Korea-based mobile payments application, in which purchases made using the application on e-commerce platforms are processed via the Terra blockchain network. Each transaction is subject to (on average) a 2%–3% fee charged to the merchant.

  • TokoCrypto (TKO) – Indonesia

    • Tokocrypto was launched in September 2018 and became the first entity registered under Indonesia’s Commodities Futures Trading Regulatory Agency (BAPPEBTI) by November of that year. Tokocrypto’s latest project, TKO, is the first Indonesian cryptocurrency to offer a unique hybrid token model.The token serves several purposes on the Tokocrypto blockchain platform and allows users to participate in crypto exchanges, deposit and savings programs, cross-platform DeFi applications, and NFT marketplaces. Toko Token was officially launched in April 2021 and has since attracted the attention of both private and enterprise users. The Tokocrypto platform was created in tandem with Binance, which serves as a significant backing for the project and its future development.
  • Polygon (MATIC) – India

    • Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.To learn more about this project, check out our deep dive of Polygon Matic.Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer.Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.

      Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by the co-founder of Ethereum, Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts.

  • VeChain (VET) – China

    • VeChain (VET) is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain.The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
  • Wazirz (WRX) – India

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