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://kyros.ventures
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