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.

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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.