Being the conglomerate consisting of many of the largest Vietnamese crypto communities, Kyros Ventures continues to be trusted by many international organizations. Thus, Kyros is excited to be bringing another reputable project into the national market, API3. API3 is a distributed endeavor to create solutions that serve the entire Web 3.0 ecosystem and everyone who would like to build externally connected decentralized applications within it.

API3 is a collaborative effort to build, manage and monetize decentralized APIs (dAPIs) at scale. dAPIs are blockchain-native, decentralized API services built by combining multiple provider-operated oracle nodes into aggregated data feeds, without the use of third parties. Furthermore, to achieve a system that is end-to-end decentralized, both dAPIs and the API3 project as a whole will have a completely open and direct governance model from the beginning, powered by the API3 token and the API3 DAO.

At the heart of the API3 value proposition is bridging the gap between traditional businesses off-chain (Web 2.0) and the ever-growing ecosystem of businesses and projects in the blockchain space (Web 3.0). 

Recognizing the importance of the Web 3.0 development, Kyros and API3 share the same vision to create applications and infrastructure that enable developers, while at the same time, breakthrough to reach a more mainstream set of users. Kyros will be supporting API3 on educating users on this new advanced technology and looking forward to expanding API3 presence in Vietnam as the solution for the Web 3.0 revolution. 

—***—

About Kyros Ventures 

Kyros Ventures is the investment branch of Coin68 Media, the leading cryptocurrency entity in Vietnam. Specializing in incubation and investment, Kyros Ventures is the gateway for international cryptocurrency projects to enter the Vietnamese market, helping them to achieve greater awareness and adoption thanks to its extensive network of partners and communities.

For further information, please visit: https://blog.kyros.ventures

About API3

API3 builds decentrally governed and quantifiably secure data feeds that power Web 3.0 applications without employing third-party intermediaries. Powered by Airnode-enabled first-party oracles, API3’s dAPI’s are fully decentralized and blockchain-native APIs with quantifiable security.

For further information, please visit: https://api3.org

Kyros Ventures took part in Blank‘s $1.8M Private Sale Round along with many other big names in the field like X21 Digital, SevenX, Spark Digital Capital, GBV Capital, and Woodstock. 

Congratulations Blank on this impressive result! 

Details of the Private Sale:

• Private Sale Token Allocation — 35,000,000 BLANK
• Total Token Supply — 125,000,000 BLANK
• Whitelist allocation request — 68x the maximum capacity

The nature of public blockchain technology allows anyone to trace and verify transactions publicly, thus risking exposing users’ identities. Blank hides users’ financial data by mixing transfers with the pool of funds within Blank, ensuring that outward transfers remain anonymous. Therefore, the privacy level only goes up with each additional transfer inside.

Agreeing with Blank’s view on the importance of privacy within the blockchain ecosystem, Kyros Ventures decided to support this new project with its development. We believe in the potential of the BLANK token as it expands the privacy integration, helping users get a better sense of safety on the blockchain. 

Thuat Nguyen, CEO of Kyros Ventures, said:

“Pursuing privacy among blockchain transactions has always been one of Kyros’s major interests. Once you connect to your crypto wallet, your information is exposed, including that on the decentralized apps you used, the transfers you made, and the amount of crypto you hold in your account. Kyros has a positive outlook on Blank’s solution to protect users’ privacy, therefore, boosting its true potential among the Vietnamese crypto communities. Kyros investment in BLANK is just the beginning of many more collaborations to come! “

—***—

About Kyros Ventures 

Kyros Ventures is the investment branch of Coin68 Media, the leading cryptocurrency entity in Vietnam. Specializing in incubation and investment, Kyros Ventures is the gateway for international cryptocurrency projects to enter the Vietnamese market, helping them to achieve greater awareness and adoption thanks to its extensive network of partners and communities.

For further information, please visit: https://blog.kyros.ventures

About Blank

Blank is the most private, non-custodial Ethereum browser extension wallet.

Blank allows the user to easily interact with privacy smart contracts on Ethereum to hide the amounts and the origins of cryptocurrency held, in a decentralized, non-custodial, and frictionless manner.

Blank solves the problem of privacy in crypto transactions. Each time you want to make a withdrawal, Blank will create a new wallet address for you with the amount of crypto that you requested. This address originates from the smart contract where everyone’s funds are pooled. All of this is achieved using cryptographic proofs to ensure that the user cannot be linked with the original depositing address.

For further information, please visit: https://www.goblank.io

Kyros Ventures, the rising incubator of cryptocurrency and decentralized finance (DeFi) projects, has completed its investment into APYSwap, a new protocol for the efficient and easy yield farming and liquidity provision for digital assets between multiple blockchains.

APYSwap is a protocol for the decentralized multi-chain exchange of shares of its Tokenized Vaults. The project implements a delegation function for user assets and provides a marketplace for financial assets trading. APYSwap allows users on multiple blockchains (initially Ethereum, Polkadot and Binance Smart Chain) to create and control their native blockchain vaults and transfer the ownership to third parties. By supporting multiple DeFi protocols, it offers a simple and effective user experience for selecting asset management options.

APYSwap consists of three layers: APYSwap Vault Contracts – the protocol and smart contracts, APYSwap Marketplace – the layer 2 aggregation marketplace, and APY Mask –  a Metamask-style web wallet for end users. 

To fuel its system, the project utilizes a native currency called the APYSwap token (APYS), which also serves as a governance token and can be used for trading fee reduction and pool insurance.

Staying true to our mission of supporting new and innovative solutions in the DeFi space, Kyros Ventures has entered into a partnership with APYSwap after seeing the project’s vision and potential impacts to the crypto ecosystem. In addition to financial assistance, APYSwap can take advantage of Kyros’s resources, insights and connections in various crypto communities around the world to further the development of its platform to better suit the needs of the market.

Jenny Nguyen, COO of Kyros Ventures, commented on the partnership:

“Via its new approach to yield farming and asset management between multiple blockchains, including Ethereum, Polkadot and Binance Smart Chain, we see that APYSwap has realized what the market is currently looking for and built up its own solutions. We have no doubt that with our support, APYSwap will be able to successfully deploy their products and quickly form a user base of crypto participants from all over the world.”

—***—

About Kyros Ventures

Kyros Ventures is the investment branch of Coin68 Media, the leading cryptocurrency entity in Vietnam. Specializing in incubation and investment, Kyros Ventures is the gateway for international cryptocurrency projects to enter the Vietnamese market, helping them to achieve greater awareness and adoption thanks to its extensive network of partners and communities.

For further information, please visit: https://blog.kyros.ventures

About APYSwap

APYSwap is a protocol for the decentralized exchange of shares of Tokenized Vaults. Through the creation of a Layer 2 blockchain, users can trustlessly swap accounts and assets from multiple Layer 1 blockchains, i.e. Ethereum, Polkadot and Binance Smart Chain. APYSwap simplifies yield farming and reduces its costs for users, without sacrificing decentralization or self-custody.

For further information, please visit: https://apyswap.com

Kyros Ventures, the investment branch of Coin68 Media and the leading incubator in crypto in Vietnam, today announced it has completed an investment into FMX, a cryptocurrency derivatives trading platform that aims to simplify and gamify the trading experience of crypto futures, to assist FMX’s entrance into the Vietnamese market and boost the adoption of derivatives trading.

The $1 million investment round in both equity and FMX’s native token FMT was led by Kyros Ventures, with the participation of Coin98 Ventures, the newly formed investment arm of Coin98 Finance. This investment marks Kyros’ long-term stake in the development of the FMX platform to encourage the adoption of crypto futures trading.

FMX is a cryptocurrency derivatives trading platform, specializing in futures contracts. Realizing that the crypto derivatives market, although very potential, but is still very risky, complex and lacks the necessary tools to support and incentivize traders, the team behind FMX has developed their own solutions to tackle these challenges. With the slogan “Futures trading made simple”, FMX’s mission is to make futures trading easy and accessible to everyone, promising success to all participants. To achieve this, FMX will focus on improving users’ experience on the platform by implementing a simplified and intuitive UX/UI design, demonstrating to users that futures contracts can also be exchanged with relative ease just as spot trading, not to mention even more fun and rewarding thanks to the gamified activities and uniquely designed trading competitions.

To power its platform, FMX will issue a native utility token named FMT, a Solana-based token with limited supply that can be used to earn exclusive privileges and participate in volume mining activities on the platform.

Jenny Nguyen, COO of Kyros Ventures, explained:

“Realizing the disruptiveness of FMX’s solutions and in order to back its expansion into the Vietnamese market, Kyros Ventures will invest in FMX’s equity to provide financial assistance to the platform and align the interests of the two parties in developing the nascent crypto derivatives landscape. Besides, Kyros Ventures will help establish FMX’s foothold and awareness in the Vietnamese crypto communities. Furthermore, Kyros Ventures will explore other collaborations between FMX and crypto organizations in Vietnam.”

Thuat Nguyen, CEO of Kyros Ventures, said:

“We are extremely impressed by FMX’s achievements since its launch. FMX’s suite of futures trading products is a necessary complement to the current crypto market, which will make it easier for ordinary traders to participate in this segment. Kyros Ventures expects that through this strategic investment, FMX’s innovative solutions in futures trading will soon see mass adoption by Vietnamese traders, thus demonstrating the full potential and ushering in a new age for crypto derivatives, especially during the uptrend period that we are witnessing.”

—***—

About Kyros Ventures

Kyros Ventures is the investment branch of Coin68 Media, the leading cryptocurrency entity in Vietnam. Specializing in incubation and investment, Kyros Ventures is the gateway for international cryptocurrency projects to enter the Vietnamese market, helping them to achieve greater awareness and adoption thanks to its extensive network of partners and communities.

For further information, please visit: https://blog.kyros.ventures

About FMX

FMX is a cryptocurrency derivatives trading platform that aims to solve the current shortcomings of current trading platforms by simplifying and gamifying the trading experience of crypto futures to encourage mass adoption and promise success to all who participate in its platform. FMX has its own utility token called FMT, which is a Solana-based token that offers holders with exclusive rights and can be used for volume mining.

For further information, please visit: https://fmx.trade

Kyros Ventures, the conglomerate consisting of many of the largest Vietnamese crypto communities, had participated in the $350,000 seed round of Royale Finance, a DeFi protocol building a trustless ecosystem where iGaming platforms borrow capital to fund their bankroll.

Royale Finance is the latest project to apply the use of blockchain technology in the centralized internet gambling (iGaming) sector, even taking it to a whole new level by combining it with decentralized finance (DeFi) solutions to create what they called ‘iGDeFi’. The team behind the project believes that the current iGaming industry, which is projected to worth 127 billion USD by 2027, still holds much potential that can be unlocked with the help of blockchain and DeFi.

In essence, Royale Finance is a Web 3.0 platform that will provide liquidity to iGaming developers through the use of smart contracts, meanwhile secure their innovations with the transparency and immutability nature of blockchain. Royale plans to disrupt the iGaming industry by helping entrepreneurs to fund their bankroll via a network of participants rewarded to provide capital. The fund then can be used to bootstrap the network, lend capital to the first users, and continue the development of the project. With the integration of a self-governing DAO protocol, open-source smart contracts and algorithms, a fair distribution mechanism for users, and shared liquidity pools to lower entry barriers, Royale Finance will guarantee the highest possible benefits for both projects and users coming to their platform.

Sharing the same vision as Royale Finance in increasing the adoption of blockchain technology in all aspects of life as a whole and in the iGaming industry in particular, Kyros Ventures had joined Royale Finance’s $350,000 seed round with other well-known incubators, including Alphabit, Fomocraft Ventures, and Vendetta Capital. The funds will be utilized to achieve Royale’s roadmap goals in Q4 2020 and Q1 2021, such as deploy smart contracts to provide liquidity for iGaming businesses and retrieve collaterals, reward users via DeFi money market and AMM protocols and distribute ROYA governance token.

On top of that, Kyros Ventures will assist Royale Finance in expansion into the Vietnam market and surrounding regions. In specific, Kyros will leverage our deep knowledge and understanding of the Vietnamese crypto communities to introduce Royale’s innovations in iGDeFi to local investors and traders. Kyros will also explore other collaboration opportunities between Royale Finance and our network of partners both domestically and abroad.

—***—

About Kyros Ventures

Kyros Ventures is a conglomerate of four of the largest crypto communities in Vietnam: Coin98, Tradecoin Vietnam, HC Capital, and Coin68, which collectively have more than 100,000 active traders. Kyros Ventures is the gateway for international cryptocurrency projects to enter into the Vietnamese market. We aim to help projects achieve greater awareness and adoption thanks to our extensive network of partners and communities.

For further information, please visit: https://blog.kyros.ventures

About Royale Finance

Royale Finance is an iGaming DeFi protocol seeking to build a trustless ecosystem where iGaming platforms can access liquidity for their bankroll requirements. Royale’s user-centric platform creates Web 3.0 smart contracts-backed liquidity that allows iGaming entrepreneurs to bootstrap innovation with the security and transparency of the blockchain. 

For further information, please visit: https://royale.finance

Kyros Ventures, the connecting portal to many of the largest Vietnamese crypto communities, shakes hands with AllianceBlock, the bridge between traditional and digital capital markets built with the Prometheus Protocol – the heart of the AllianceBlock Ecosystem. 

As Decentralized Finance (DeFi) has recently become one of the hottest crypto trends, more and more users are migrating their businesses to the blockchain ecosystem. This new trend has also increased the desire for a platform that conveniently consists of all DeFi application features. Thus, AllianceBlock’s ‘DeFi Ecosystem’ is a multi-sided platform blockchain-based ecosystem, in which all the transactions between users, investors, issuers, institutions, and others are being executed in a secure and regulated environment. The ecosystem is maintained by Institutional Nodes that are responsible for transaction broadcasting, voting, and service provision. 

AllianceBlock is the first globally compliant decentralized capital market and next generation of capital market infrastructure providers for financial institutions. AllianceBlock helps issuers simplify their issuance by registering ISIN digital security; provide investors with a service package including Digital Identity, Custody & Liquidity; and assist funds and institutional investors with a complete solution for Compliance Checks, Assessments & Rating and Tracking & Analytics for issuer offers. AllianceBlock’s solution is built on the principles of censorship resistance, transparency, and openness, with the Prometheus protocol aiming to realize a decentralized, collaborative and sustainable capital market that brings together issuers, investors, institutions, traders, experts, advisors, other service providers, and even talent.

The ALBT token is AllianceBlock’s native token, which fulfills multiple key functions within the protocol. ALBT token will be the main medium of exchange for services and assets on the platform. ALBT will be used throughout all services by users, institutions, and data such as means of reward, network fees, means of payment for access to data and data query, collateral in transactions, voting and delegating of voting power, staking, as well as network participant rating. In the future, users in the ecosystem will be eligible to use ETH or other coins, however, every transaction will require some involvement of ALBT token. 

The collaboration between Kyros and AllianceBlock will underpin and drive forth blockchain development efforts towards Vietnamese communities. Kyros will be introducing Alliance’s applications to the native community, helping Alliance build a positive reputation towards its services, along with providing marketing strategy and consultancy that best fits the native users’ investing habits. With this new partnership, Kyros & AllianceBlock’s common goal is to raise awareness of quality investment opportunities. We are both committed to working together to promote a healthy digital capital market through co-branded marketing activities that run within the Vietnamese market.

—***—

About Kyros Ventures

Kyros Ventures is a conglomerate of four of the largest crypto communities in Vietnam: Coin98, Tradecoin Vietnam, HC Capital and Coin68, which collectively have more than 100,000 active traders. Kyros Ventures is the gateway for international cryptocurrency projects to enter into the Vietnamese market. We aim to help projects achieve greater awareness and adoption thanks to our extensive network of partners and communities.

For further information, please visit: https://blog.kyros.ventures

About AllianceBlock

AllianceBlock is building the first globally compliant decentralized capital market. Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.

For more information, please visit: https://www.allianceblock.io

Kyros Ventures, a conglomerate consisting of many of the largest Vietnamese crypto communities, announced their partnership with FinNexus today. FinNexus is building a decentralized protocol for options and offering DeFi options liquidity mining through its FNX token, providing Vietnamese crypto traders with another platform focusing on DeFi development and yield farming opportunities. 

The premier product for the FinNexus DeFi protocol stack is its Multi Asset Single Pool (MASP) DeFi options model. MASP is unique in today’s market allowing DeFi users a capital-efficient and gas-efficient means to hedge against BTC and ETH price risks by customizing their own options products. There is also a robust yield farming component to the FinNexus Protocol for Options (FPO). 

To power their ecosystem, FinNexus has issued its own native FNX token with a max supply of 500,000,000 FNX. At present, circulating supply is only 14 million; and according to their tokenomics, amazingly, 70% of the total supply will be allocated to the community as mining incentives and DAO reserves. FinNexus puts its community first through DeFi options liquidity mining, whereby users can participate in FNX token mining on UniSwap as well as its soon-to-be-launched peer-to-pool options liquidity pool for BTC, ETH and other underlying assets.

FinNexus is implementing an open finance protocol that can power hybrid marketplaces that trade both decentralized and traditional financial products. Wanchain, as one of the foremost projects in the industry, is FinNexus’ founding partner. But FinNexus’ protocols are more than just Wanchain. The coming FPO v1.0 will be launched on Ethereum and Wanchain at the same time. FinNexus has also partnered with many famous crypto projects such as Band Protocol, Elrond and Kardiachain in order to deploy DeFi dApps and provide wider access to DeFi products.

FinNexus is focusing on its options protocol these days. They created the first decentralized BTC options platform on Wanchain earlier this summer. Their long-term mission is to create decentralized and secure financial products, bridging the gap between traditional and decentralized worlds. To do this, FinNexus will employ the tokenization of assets and allow the transactions between fiat currencies and digital assets on its platform through a network of connected exchanges, OTCs, agents and asset management agencies. Other products developed by the FinNexus team include Wandora Box, a prediction platform which uses WAN as the predicting asset for a variety of underlying assets, and Jack’s Pot, a no-loss lottery also on Wanchain. In terms of its competitors, FinNexus’ business model most closely resembles that of Hegic. At Kyros Ventures, we believe that the company’s MASP DeFi options model provides a competitive edge.

The partnership between Kyros Ventures and FinNexus establishes Kyros Ventures as FinNexus’ gateway to the Vietnamese market. Kyros Ventures will handle all marketing and branding operations for FinNexus, establish a FNX trading community in Vietnam, promote FNX solutions on our channels and the local media, and support further collaborations and integrations between the FinNexus team and other Vietnamese crypto organizations as they explore this highly promising market with huge potential.

Through this new endeavor, crypto traders in Vietnam will be introduced to a new platform that is focused on evolving finance in a decentralized way, allowing them to keep up with the ever-growing DeFi trends in the crypto world.

—***—

About Kyros Ventures

Kyros Ventures is a conglomerate of four of the largest crypto communities in Vietnam: Coin98, Tradecoin Vietnam, HC Capital and Coin68, which collectively have more than 100,000 active traders. Kyros Ventures is the gateway for international cryptocurrency projects to enter into the Vietnamese market. We aim to help projects achieve greater awareness and adoption thanks to our extensive network of partners and communities.

For further information, please visit: https://blog.kyros.ventures

About FinNexus

FinNexus is an open finance hub connecting assets, users, blockchains and service providers together. FinNexus is building a suite of open finance protocol clusters that will power hybrid marketplaces trading both decentralized and traditional financial products. The headline DeFi product is a fully decentralized options model that is live on both Ethereum and Wanchain, with a Multi Asset Single Pool (MASP) liquidity solution. 

For further information, please visit: https://finnexus.io

We are pleased to announce the partnership Kyros Ventures, the newly-formed conglomerate which consists of many of the largest Vietnamese crypto communities, and Chiliz (CHZ), the world’s leading blockchain platform for sports, esports and entertainment, to boost the adoption and usage of digital currency in sport activities within Vietnam. 

Chiliz is the pioneer blockchain platform in the tokenization of sports, which houses Socios.com, the world’s first scalable fan engagement and rewards app where fans can buy and trade branded Fan Tokens as well as vote in club-focused surveys and polls, along with the Chiliz Exchange, the crypto exchange for Chiliz users to trade and speculate on the Fan Tokens. Chiliz enables sports teams and other organizations to create their Fan Token through what is called a “Fan Token Offering”. Notable partners of Chiliz include top clubs such as FC Barcelona, Juventus, Paris Saint-Germain, Atlético de Madrid, AS Roma, Galatasaray & OG, all of whom used Chiliz’s solutions to incentivize their offline fanbases engagement with merchandise, giveaways, and exclusive experiences within the Chiliz ecosystem.

Fueling the entire Chiliz ecosystem is its native cryptocurrency CHZ, which runs on both Ethereum (as an ERC-20 token) and Binance Chain (as an BEP2 token). CHZ can be used to buy and sell with Fan Tokens issued by Chiliz and can also be traded on various exchanges where it is listed, for example Binance, Binance DEX, Bitfinex, Crypto.com, KuCoin, BitMax, etc.

Chiliz’s entrance into Vietnam will be conducted in 2 stages. The first will see Chiliz leveraging our deep understandings as well as wide connections to introduce CHZ and other Fan Tokens to the local communities and media channels, both in the cryptocurrency sector and sports industry, with a purpose of increasing brand awareness and adoption in the Vietnamese market. We will manage all the marketing operations for our partner, which include setting up a Vietnamese community for CHZ investors, organizing AMAs with various communities, updating the latest news and developments on a regular basis, and promoting the trading of CHZ and Fan Tokens on Chiliz’s platform and exchanges. In the second stage, Kyros Ventures will actively assist Chiliz in building real-life applications in Vietnam, possibly through collaborations with domestic sports clubs and esports organizations to issue Fan Tokens for the Vietnamese people, who are known worldwide for their passion in sports, especially football.

Through this partnership, Kyros Ventures hopes that we will be able to showcase the various applications of blockchain technology and cryptocurrencies in changing every aspect of modern life, from finance, logistics, data protection and now, sports to Vietnamese communities. At the same time, we would like to demonstrate the prowess of the Vietnamese crypto communities to foreign projects, proving that this is a land of opportunities for those who can capture the insights of this market, which is the ability that Kyros Ventures proudly possesses.

—***—

About Kyros Ventures

Kyros Ventures is a conglomerate of four of the largest crypto communities in Vietnam: Coin98, Tradecoin Vietnam, HC Capital and Coin68, which collectively have more than 100,000 active traders. Kyros Ventures is the gateway for international cryptocurrency projects to enter into the Vietnamese market. We aim to help projects achieve greater awareness and adoption thanks to our extensive network of partners and communities.

For further information, please visit: https://blog.kyros.ventures

About Chiliz

Chiliz is the world’s leading blockchain fintech provider for sports and entertainment, who developed the Socios.com sports fan engagement platform on the Chiliz blockchain infrastructure and uses CHZ as it’s exclusive on-platform currency. Socios.com allows sports teams to issue digital assets, known as ‘Fan Tokens’, on the Chiliz blockchain via ‘Fan Token Offerings’. The list of partners currently includes many famous names in the sport world such as FC Barcelona, Juventus, Paris Saint-Germain, Atlético de Madrid, AS Roma, Galatasaray & OG, whose fan tokens can now be traded on Chiliz Exchange and integrated into the decision making process of these sport organizations.

For further information, please visit: https://www.chiliz.com

Chromia (CHR), the blockchain platform that sets out to solve the scalability limits of dApps, has entered into a partnership with Kyros Ventures, the newly-formed conglomerate consisting of many of the largest crypto communities in Vietnam. Kyros Ventures will provide expertise and understanding of the Vietnamese crypto industry in order to support Chromia’s operations in the Vietnamese market, with the ultimate goals of raising awareness and increasing mainstream adoption.

Vietnam presents itself as a land of opportunities for cryptocurrency projects around the world. Cryptocurrency trading has become more and more popular in Vietnam in recent years, especially during the period of market uptrend in Q2 and Q3 of 2020, with Vietnamese traders often accounting for a large portion of traffic on cryptocurrency-related websites such as CoinMarketCap and top crypto exchanges such as Binance, Huobi, OKEx and FTX. This has resulted in the formation of many robust crypto communities all across the country, which are constantly searching for new innovative and disruptive projects in the crypto space. 

However, as of present, there are not many international projects that can successfully enter the Vietnamese market and build up their reputation in the eyes of investors. Unless projects and exchanges get deep insight into Vietnam, they will fail to understand why the marketing promotions are not working, and why there is no adoption despite working with such large communities. It is this problem that Kyros Ventures aims to solve. Instead of only taking a flat marketing fee or management fee like traditional marketing agencies, we will actively invest into the project itself, which means taking a stake in it and aligning our interests with that of the partners. The whole process will ensure that, through mutual efforts from both sides, the best outcome will be achieved.

One of the projects that has entered into partnership with Kyros Ventures is Chromia. Chromia is a blockchain platform with the ambition to address the scalability problem that many decentralized applications (dApps) are facing nowadays. The platform adopts a method similar to sharding on Ethereum, whereby each blockchain within the Chromia network is associated with a set of validator nodes, which is a subset of all nodes belonging to Chromia. On Chromia, dApps can be written in a way that is familiar to developers all over the world, whether they work on large enterprise applications, games, or smaller projects. 

The native utility token of Chromia is CHR – an ERC-20 token with the max supply of 1 billion CHR. Users can use CHR within the dApps or as transaction fees to block producers on the network. CHR presents developers with the possibility of generating income from their dApps or even issuing CHR-backed tokens that can be distributed to investors through a profit sharing contract. Current implementations of dApps on Chromia cover a wide variety of industries, including finance, gaming, real estate and healthcare. In the near future, Chromia will also focus on dApps involving supply chain, enterprise services and IoT.

Through this partnership, Kyros Ventures will manage all marketing operations and branding of Chromia and Hedget – the project’s DeFi protocol – in the Vietnam market. Kyros Ventures will also form an exclusive community for CHR traders in Vietnam, conduct monthly AMA events with Chromia’s team and dApps developers, provide regular updates on the news and achievements of the projects, along with promoting CHR and Hedget staking to Vietnamese investors. More importantly, we will seek out further collaborations and investment opportunities between Chromia and Vietnamese cryptocurrency projects/ trading groups/ development teams through our extensive network.

Kyros Ventures will announce further partnerships with other projects in the incoming weeks.

—***—

About Kyros Ventures

Kyros Ventures is a conglomerate of four of the largest crypto communities in Vietnam: Coin98, Tradecoin Vietnam, HC Capital and Coin68, which collectively have more than 100,000 active traders. Kyros Ventures is the gateway for international cryptocurrency projects to enter into the Vietnamese market. We aim to help projects achieve greater awareness and adoption thanks to our extensive network of partners and communities.

For further information, please visit: https://blog.kyros.ventures

About Chromia

Chromia is a blockchain platform for decentralized applications, conceived in response to the shortcomings of existing platforms and designed to enable a new generation of dApps to scale beyond what is currently possible. Chromia is both a blockchain and a relational database. This means that decentralized applications (dApps) can be written in a way that is familiar to developers all over the world, whether they work on large enterprise applications, games, or smaller projects.

For further information, please visit: https://chromia.com

We are thrilled to announce that Kyros Ventures will be running a node allowing the staking of Serum (SRM). We heartily believe in the potential of Project Serum to reshape the DeFi and Cryptocurrency space.

DeFi has been a widely featured sector over the past few months. This is particularly evident in the parabolic rise of market caps for DeFi coins. According to DeFi Pulse, the total value locked into DeFi protocols has jumped 10-fold this year to $7 billion. 

Within the crypto-asset ecosystem, investors have figured out how to quickly allocate capital whenever new opportunities arise. We believe that investors have found their holy-grail-DeFi when approaching the Serum Project.

“Pure” DeFi Serum Project to revolutionize the finance landscape 

Project Serum is a decentralized exchange (DEX), which was created to solve the centralized vulnerabilities existing in the current DeFi space. 

Serum is best-known as the collaboration between FTX, a growing centralized trading platform, and Solana, an interoperable blockchain platform. 

Built on Solana, Serum has cross-chain support which is in contrast with other protocols that require trusted parties to permit cross-chain swaps. Using over 100 validators, Serum opts to do this in a fully decentralized way. Therefore, Serum can be known as a “pure” DeFi with “the only centralized thing is its URL”.

Despite being native to Solana, Serum is designed to be completely interoperable with different blockchains. That gives the new DEX an advantage as many traders are keen to trade other cryptocurrencies besides the ERC-20 tokens that most DeFi platforms currently offer. 

SRM is Serum’s governance token, which has been listed on multiple crypto exchanges including DEXs and CEXs. Not only has the price shot up from $0.11 to over $1 in seconds after listing on the first exchange. SRM gives holders governance power over the Serum ecosystem, the staking incentives, and its utilities. 

Importantly, we have faith that Serum can go further due to the partners behind it – from FTX exchange and Solana project, will push for more development. 

Kyros Ventures: A DeFi Accelerator

Kyros is a venture capital fund as well as a project accelerator in Vietnam.

We at Kyros are determined to see and conquer the best of the best investment opportunities in the crypto-asset space but never forget the mission of accelerating the ecosystem growth. 

Hence, Kyros made its move with Serum to be its first staking project. We can profoundly say that Kyros is Vietnam’s first and largest Serum Node. Users can lock their SRM and grow it on Kyros’ Node to earn up to 15% APY.

Kyros is continuously seeking hidden gems to assist in spreading mass awareness and adoption through Vietnam.