In a major boost to the GM Vietnam 2025 lineup, we are thrilled to welcome U2U Network as a Platinum Sponsor. Known for its high-performance DAG-based Layer-1 infrastructure and razor-sharp focus on DePIN, AI, and real-world Web3 utility, U2U Network is not just joining the conversation — it’s here to lead it.

From groundbreaking subnet technology to a thriving global ecosystem, U2U is shaping up to be one of the most consequential blockchain platforms of the next decade.

What Makes U2U Network Different?

U2U Network is a DAG-based, EVM-compatible Layer-1 blockchain built for ultra-scalable DePIN, AI, and IoT applications. Its modular subnet architecture enables developers to spin up purpose-built environments with near-instant finality and high throughput — a perfect fit for real-world infrastructure demands.

With a growing global user base and a laser-sharp focus on performance, U2U is laying the technical foundation for Web3 at industrial scale.

The past year has been nothing short of explosive for U2U Network. Here’s a look at what they’ve accomplished:

• Subnet Tier-1 Nodes Sold Out: In October 2024, U2U launched its public node sale for DePIN infrastructure — and all 1,000 nodes were snapped up within 5 hours, drawing over 3,400 waitlisted participants
  
• Strategic Rounds: Backed by top-tier firms like KuCoin Ventures, Chain Capital, IDG Blockchain, JDI Ventures, and V3V, U2U closed a $13.8M funding round in late 2024 — providing the fuel to scale both infrastructure and adoption.
  
• Most recently, SSI Digital (SSID) — the tech arm of SSI Securities Corporation, Vietnam’s top financial institution — has officially led the Series A funding round for U2U Network. This strategic investment marks a major milestone not only for U2U Network but also for Vietnam’s ambition to build a “Make in Vietnam” digital infrastructure for the world.
  
• Listed on Tier-1 Exchanges: In December 2024, $U2U was officially listed on KuCoin, Gate.io, BingX, MEXC, and Bitget — unlocking global liquidity and accelerating ecosystem growth.
  
• U2U Network ecosystem: The platform has grown to support over 1.4 million users, 80+ dApps, and 40+ DePIN projects. Notable projects include U2DPN, a decentralized private network that enhances online privacy by transforming devices into nodes; Staex – a Web3 platform for IoT and an award-winning leader in secure, zero-trust network management; Nubila – a pioneer in decentralized IoT and MachineAI, is bringing blockchain-based weather data to agriculture and insurance.
  
• Technical Performance: Subnets on U2U achieved up to 17,000 TPS with finality under 650 ms, proving their ability to power high-load dApps with ultra-low latency.
  
• Strategic Collaborations: U2U forged partnerships with CoinList, AWS, Klaytn Foundation, IoTeX, Waterdrip Capital, etc — reinforcing its position as an infrastructure partner of choice.
  
• Leadership Expansion: In June 2025, Chloe Phung was appointed CEO, strengthening executive alignment for the network’s DePIN and AI roadmap.

U2U’s progress is no longer potential — it’s proof. From Asia to the world, the network is building fast, shipping products, and attracting real users.

U2U x GM Vietnam 2025 Afterparty: Build by Day, Rage by Night

On August 1–2, at the National Convention Center in Hanoi, U2U Network will take the stage at GM Vietnam 2025 to share their journey, technology, and vision. Expect deep dives into subnet performance, DePIN scalability, and how blockchain is meeting the infrastructure demands of tomorrow’s world. This is your chance to meet the builders behind one of the most dynamic L1s in Web3 today.

And when the panels wrap — the party begins. U2U Network is co-hosting the official GM Vietnam 2025 Afterparty, bringing together 600+ founders, VCs, KOLs, and builders at Hanoi’s #1 superclub. Expect lights, beats, and big alpha — all in one room, one night only.

​🎟️ Limited spots – RSVP now: https://lu.ma/4eve6plt

About U2U Network

U2U Network is a high-performance Layer-1 blockchain that combines DAG technology, EVM compatibility, and subnet architecture to power scalable, secure, real-world decentralized applications. Designed for DePIN, AI, and IoT, U2U enables developers to deploy modular networks with enterprise-grade performance — and brings Web3 one step closer to real-world integration.

Learn more at: Website | X (Twitter) | Telegram | Discord

About GM Vietnam

GM Vietnam 2025 opens an exciting new chapter of Vietnam’s blockchain development in Hanoi, co-hosted by Kyros Ventures and SSID. This year’s event is also honored to receive the Official Patronage of the National Cybersecurity Association (NCA), Vietnam’s foremost authority on cybersecurity governance, policy advisory, and digital safety advocacy. With this fusion, we are creating Southeast Asia’s premier stage for Web3, a high-impact experience where builders, founders, and investors converge to shape the next era of decentralized technology.

Get your FREE ticket here: gmvietnam.io/ticket

Follow our journey: Website | X (Twitter) | Facebook

Mark your calendars, GM Vietnam 2024 attendees! 

The 2-day event is packed not only with insightful talks and networking opportunities, but also with exciting minigames. These fun activities offer a chance to win iPhone 15 Promax, AirPods 3, limited edition Zen Cards, and more, all worth up to a total of $10,000 while keeping you engaged and entertained throughout the conference. Four unique minigames await you, designed to test your knowledge, social media savvy, and even a little bit of luck!

1. 2-Day Check-In, Double Your Chance to Win

Reward: 

• Top 1: iPhone 15 Pro Max Natural Titanium 256GB (1 winner)
• Top 2: AirPods 3 (1 winner)
• Top 3: Keyboard (2 winners)
• Top 4: Logitech Mouse (3 winners)

How to join:

• Register for the GM Vietnam 2024 event HERE. 
• Check in on Day 1 and Day 2 to collect raffle ticket stamps.
• Submit your raffle ticket at the BingX Stage entrance between 4:00 PM and 5:00 PM on June 8, 2024.

Conditions:

• Attend both days of GM Vietnam 2024. 
• Only attendees who check in on Day 1 will receive the raffle ticket. 
• Be present at the raffle draw at the BingX Stage at 5:00 PM (UTC +7) on Day 2, June 8, 2024. 
• In case of winning, you must present the intact raffle ticket stub with the serial number matching the announced winning prize serial number. 
• Each participant can only win one prize. 
• Winners cannot substitute another person to claim the prize. 
• The organizer’s decision on raffle results is final. 

2. Quiz Challenge at BingX Stage

Reward: 

• Each day: Top 25 players win a set of two GM Vietnam-themed Zen Cards each.
• Overall top 3: Each wins an additional Premium GM Vietnam Gift Set.

How to join:

• Head to the BingX Stage at 5:00 PM (UTC +7) on Day 1 and Day 2. 
• The Quiz will consist of 10 multiple-choice questions related to Web3. Answer each question quickly and accurately to climb the leaderboard. 

Note: Prizes will be awarded directly on stage after the conclusion of each minigame.

3. Capture the Moment with #GMVN2024 Hashtag

Reward: 

50 sets of two GM Vietnam-themed Zen Cards (25 sets each day).

How to join:

• Take an engaging photo checking in at GM Vietnam 2024. 
• Upload your photo to social media platforms (X, TikTok, Facebook, etc.) and include the official event hashtag #GMVN2024 in your caption. Make sure your profile is set to public so everyone can see your entry.

Selection and announcement process:

• Daily winners: The Organizing Committee (OC) will randomly choose the best 25 photos each day before 3:00 PM (UTC +7). These photos will be displayed on the BingX Stage at the end of each day.
• Announcement of winners: The list of winners for each day will be officially announced on GM Vietnam’s official X and Facebook pages.
• Prize redemption: The OC will directly reach out to the winners to coordinate prize delivery. Winners are also responsible for contacting the OC to claim their prizes. 

4. Score Points, Grab Souvenirs 

Reward:

Exclusive GM Vietnam souvenirs.

How to join:

1. Download the Galxe app and connect your wallet (use WalletConnect to link your preferred Web3 wallet, like MetaMask).
2. Head to the Space tab and search for “GM Vietnam.”
3. Complete:

Quest 1: Access https://app.galxe.com/quest/SGaaht5vsuNmSg2Qd3Rq3S/GCPRDtzvvZ and follow all sponsors to unlock the Quest 1 rewards.

Quest 2: Visit various booths at the event, scan the QR codes at each booth and complete tasks to rack up points (2 points per booth).

1. • Reach 77 points (visit 15 booths) to unlock rewards.
   • Accumulate 109 points (visit 31 booths) to unlock the third wave of rewards.

4. Head to the Souvenir booth and exchange your hard-earned points for exclusive souvenirs!

Don’t miss out on this incredible opportunity to play, win, and connect with the GM Vietnam community! REGISTER NOW AT https://gmvietnam.io/get-tickets.

About GM Vietnam

GM Vietnam is the leading blockchain event in the SEA region, aimed at fostering innovation, knowledge sharing, and networking opportunities within the Web3 community. This year’s event is hosted by Kyros Ventures, in collaboration with Vietnam Blockchain Association (VBA), and strategic partnerships from Ninety Eight, Ancient8 and Vietnam Digital Communications Association (VDCA). With its immersive agenda, top-notch speakers, and vibrant atmosphere, GM Vietnam is set to be the highlight event of 2024 in the blockchain industry.

Discover more: Website | X (Twitter) | Facebook

Project Summary

Main Features of Alpha Finance Lab

• Alpha Finance Lab aims to research and solve major problems in decentralized finance (DeFi), including sustainable yield-generation, impermanent loss, privacy-preserving token swaps, cross-chain interoperability, and fixed lending interest rates
• Alpha Finance Lab is the first organization to provide a leveraged yield-farming protocol – Alpha Homora. The protocol allows users to gain higher returns (up to 2.5x) on liquidity mining aggregated from other prominent yield-farming pools
• Alpha Finance Lab’s vision is to build an ecosystem of cross-chain DeFi products and integrate Alpha products seamlessly with traditional finance, such that anyone and everyone can use traditional finance and Alpha decentralized finance products interchangeably

Alpha Finance Lab Product Suite

• Alpha Homora – Leveraged yield farming on Ethereum (Figure 1). The innovation is also called “dYdX for yield farming”, audited by PeckShield. In Alpha Homora, users can participate as yield farmers, ETH lenders, liquidators, and bounty hunters. The platform’s Total Value Locked (TVL) has surpassed $12 million at the time of writing.

• Alpha Lending (Mainnet launch currently paused) – a decentralized lending protocol with an algorithmic, autonomous interest rate. Alpha Lending is one of the first lending protocols available on Binance Smart Chain (BSC), leveraging BSC’s fast transaction processing time and cheap transaction fees. The protocol also supports cross-chain assets and perpetual lending.
• Perpetual swap protocol is in active development. In the latest regular update, the team announced that it would prioritize perpetual swap in the current context of a bullish Bitcoin and crypto market.

ALPHA Token Distribution

ALPHA token specifications are as follows:

• Initial valuation / market cap (MC): $27.4M
• Total supply (TS): 1 billion ALPHA
• Initial circulating supply (CS): 174 million ALPHA
• Token distribution as illustrated (Figure 2)

Alpha Finance Lab Team

• Tascha Punyaneramitdee– Project Lead. Former Head of Strategy at Band Protocol and Former Product Manager at Tencent. Before that, the Berkeley alumna was an Investment Banking Analyst at Jefferies.
• Nipun Pitimanaaree– Lead Engineer and Blockchain Researcher. Former Chief Research Officer at OZT Robotics. He holds a Master of Engineering degree from MIT.
• Thara Malaimarn– Blockchain Developer. Former blockchain developer at Band Protocol and Loom Network.
• Pitchanai Thitipakorn– Software Engineer. Former Full-stack Developer at GIS Company.

Alpha Finance Ecosystem

Integral parts of the Alpha Finance ecosystem are presented in Figure 3, namely the strategic investors, prominent industry partners, and yield farming pools. Each of these plays a significant role in the overall success of the Alpha Finance platform

Alpha Finance Lab’s strategic investors include:

• The Spartan Group – Spartan Group is a boutique financial advisory and digital asset management firm specializing in blockchain, cryptography, and other digitization technology. Spartan Advisory clients include IBM, Dapper, Blockstack, Deribit, Solana, and Blockfolio. Its investment team has over 20 years of experience serving world-class financial groups such as Goldman Sachs and Indus Capital.
• Multicoin Capital – Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies reshaping trillion-dollar markets. The venture has raised a total of $75M and invested in 26 deals so far, including Solana, Dune Analytics, Braintrust, and SKALE Labs.
• DeFiance Capital – DeFiance Capital is a DeFi focused crypto-asset fund that combines fundamental research with an activist investment approach. 

Alpha Finance Lab’s ecosystem partners are:

• Binance– the top-notch exchange is not just a launchpad partner but also a blockchain operator where Alpha finance protocol runs upon
• SCB10X– The venture arm of Siam Commercial Bank, one of the largest commercial banks in Thailand. SCB10X is an early investor in international payments giant Ripple and leading cryptocurrency lending platform, BlockFi. The partnership with SCB10X will provide Alpha with traditional banking expertise and an avenue to onboard retail customers to DeFi.
• Band Protocol –Alpha Finance uses the Price Oracle feature for its infrastructure. The oracle is responsible for querying the latest price of an asset from BandChain.

Finally, ALPHA token’s liquidity pool providers include Uniswap, Sushiswap, Pickle, IndexCoop, and mStable.

ALPHA Tokenomics

• Public token offering on Binance Smart Chain on 10 October 2020
• Revenue from Alpha products will be used to buyback and burn ALPHA tokens
• Additionally, the burning parameter will be configurable through token-based governance in the future

Token Utility

• Staking – Users can deposit ALPHA tokens into a smart contract, which utilizes them to cover any default loans. Users can then receive a portion of the platform’s revenue.
• Liquidity mining
  • Critical to bootstrap liquidity, distribute governance rights to invested users and create a strong community of DeFi enthusiasts who will help propel the protocol forward
  • Featured in Binance Launchpad. In Oct 2020, the opportunity existed to stake BNB, BUSD, and BAND to earn ALPHA
• Deflationary economy –all Alpha Finance products will tie back to ALPHA and reward users for using their products as revenues from the products will be used to buyback or burn ALPHA tokens. Additionally, the burning parameter will be configurable through token-based governance in the future. 
• Governance procedures
  • Alpha will implement governance on two levels via DAO mechanism – product-level governance and Alpha Finance-level governance
  • Product-level governance will allow ALPHA token holders to govern key protocol parameters of specific Alpha products
  • Alpha Finance-level governance will allow ALPHA token holders to govern how the portfolio of Alpha products interoperate

Comparable Projects

Alpha Finance competes directly with strong projects such as SushiSwap and yearn.finance in the yield farming segment and AAVE and Compound in the lending segment. Alpha Finance has established 21 yield farming pools (both leveraged and non-leveraged) while its lending product is still in the Testnet phase. Figure 4 below demonstrates Alpha Homora’s competitively higher yield returns compared to that of SushiSwap and yearn.finance.

Alpha Finance Lab is the first and currently only platform providing leveraged yield farming products with Alpha Homora. Such innovative product provides a competitive edge to Alpha Finance in the popular DeFi yield farming field.

For non-leveraged yield farmers, Alpha Homora acts as an efficient liquidity aggregator with unique features, such as loss-minimizing/gas-saving, optimal swap, and automatic reinvest-ment.

Ultimately, Alpha Homora offers a high lending rate for ALPHA. The product’s Testnet on Binance Smart Chain is ready, but the final launch is currently paused as the team awaits better timing.

Upcoming News and Development Progress

Token Release Schedule

Alpha Finance Lab team will unlock a large number of ALPHA tokens by September 2021, releasing 60% of its total supply into the circulation, approximately 600M ALPHA (Figure 5). From now to the first anniversary of Binance Launchpad, the team must prove their capability to deliver market-fit DeFi products, i.e., the liquidity mining aggregator, leveraged yield-farming pools, perpetual swap, and the lending feature.

Development Roadmap

• Alphaperpetual swap protocol is in active development as the team’s key focus for the rest of 2020. The product is expected to carry on Alpha Homora’s momentum, capturing unaddressed demand in DeFi in an innovative and user-friendly way.
• Alpha Lending product launched its Testnet on Binance Smart Chain (announced in late September). Yet, the final product release is now paused for better timing as auditing has been completed.
• Alpha Homora product development – more educational resources on Alpha Homora, additional yield farming pools, more marketing through various channels, expanded liquidity mining program, and a referral program

Reasons to be Bullish

• Despite the recent correction of the DeFi bubble, total value locked (TVL) in DeFi protocols steadily grew from USD 700 million at the start of 2020 to USD 12.93 billion as of 27 November 2020 (Defipulse). Alpha Finance Lab is looking to deliver the next stage of DeFi through building interoperability among Alpha products and integrating with leading ecosystem partners
• Backed by strong investors and industry partnerships (especially Binance and SCB10X) who are well-positioned to support Alpha Finance Lab’s growth
• The team made the right move when branching out into the perpetual swap segment, which has a great demand with no clear major player yet.
• Highly active community growth campaign including regular technical updates and educational sessions via blog posts, online and face-to-face sessions, and social media engagement

Factors to Watch

• The liquidity aggregator field is booming as the second wave of the DeFi industry. Several projects are in fierce competition to capture the market share.
• ETH is the core asset in the Alpha Finance ecosystem since pools and products are all based around Ethereum. The team needs to expand its product suite to more blockchains and deliver a better asset coverage to reduce its dependency on Ethereum in case of adverse market movements.

Executive Summary

Projection Milestones

Note: This projection evaluation method considers both the ALPHA token price and the ALPHA circulating supply as variables, which is an accurate representation since both are subject to change over time.

• At the time of writing, the circulating supply (CS) is 174M ALPHA, and the market cap (MC) reaches $27.4M. The token has an initial offering price on Binance Launchpad at $0.02 / ALPHA. At the time of writing, the token price had passed the $0.28 mark (its new ATH since inception) before retracing to $0.22.
• One year after the launch, the leveraged yield-farming pools concept pioneered by Alpha Homora would be popularized, and Alpha Finance Labs is expected to gain the first-mover advantage. ALPHA CS will be around 600M ALPHA. ALPHA then has a chance to surpass SUSHI’s MC.
• At full token release, the CS will be 1B ALPHA. ALPHA token price may potentially reach $0.8 per token, giving it a circulating market cap in line with YFI’s MC and in the vicinity of $800M.

Figure 6 presents the different possible scenarios determining the potential ALPHA MC and the associated return on investment (ROI) in the future.

Concluding Remarks

Alpha Finance’s leveraged yield-farming solution seems necessary if the yield farming industry is to grow and lead to DeFi adoption. The Kyros Research team is bullish on this project, and we believe that crypto enthusiasts and investors alike will also be able to understand its potential.

Considering Alpha Finance’s favorable metrics versus comparable projects with a higher market cap (e.g., SushiSwap, yearn.finance), we would be extremely surprised to see this token stay under $0.2 in the first half of 2021.

Due to the volatile nature of the crypto markets, accurate short term price estimates are difficult to establish. However, we expect to see the ALPHA token price soar to $0.4 – $0.6 in the mid-to-long term, giving it a circulating market cap in the vicinity of $200M.

Even higher token price milestones are feasible in the long term, our most bullish prediction envisaging ALPHA potentially reaching the yearn.finance’s market cap in the future. Taking into account that Alpha Homora has the first-mover advantage in the leveraged yield-farming field, Alpha Finance Lab definitely has plenty of potential.