Introduction As the digital world evolves, so does its technology. With Web3 at the forefront, a new wave of technological adoption is sweeping across the globe, and Vietnam is riding this wave with vigor. During our adventure, we delve into the factors transforming Vietnam into an emerging crypto

## **WOW EARN : “Your Gateway to Web3!”**

> “**An ecosystem with array of cutting-edge solutions”**

### **Ecosystem Overview:** 

> **WOW EARN Wallet:** Seamlessly manage assets across 22 blockchains with access to 10,000+ DApps, NFTs, Multi-Chain swaps and more.

> **WOW EARN Chain:** A Layer 2 blockchain built on Ethereum, featuring EVM compatibility and an HPoS consensus mechanism.  Cross-chain compatibility and the efficiency of Meta-Transaction functions.

> **Mining:** WOW Coin mining to add value to your digital assets and contribute to network security.

> **Multi-chain Swap:** Effortlessly exchange assets across 22 blockchain within our wallet.

> **Staking:** Secure and rewarding staking activities, strengthening network consensus while earning rewards.

> **DApp Ecosystem:** Explore and access a diverse range of DApps, spanning SocialFi, DeFi, GameFi, NFTs, and many more. Unleash the full potential of blockchain innovation.

> **WOW Coin, our governance token, adds a layer of utility to your journey.**

**Key Features:**

- **Compatible with Wallet Connect**
- **1 million + Wallet & Dapp Users** 
- **supporting 22 blockchains**
- **92k+ daily active users**
- **5-7k daily new registerations**
- **On & Off Ramp solution**
- **10K+ Listed DApps** 

**Feel free to explore our** [(](https://drive.google.com/file/d/1ZtVOrrCQIdfmrHf2BmIPWLDyHIloVM2M/view?usp=drive_link)[Pitch Deck](https://drive.google.com/drive/folders/1pq3h6DTLG46DUqNsy6hDnmPNYivDUH82?usp=sharing)[)](https://drive.google.com/file/d/1ZtVOrrCQIdfmrHf2BmIPWLDyHIloVM2M/view?usp=drive_link) **got an in-depth look into the WOW EARN experience**.

***

![img](https://link3-image.cyberconnect.dev/7218f365-4928-427a-b709-5c08e26380bb/postImageFolder/bddcf45c7f27bb2b)

WOW EARN : “Your Gateway to Web3!”   “An ecosystem with array of cutting-edge solutions” Ecosystem Overview:    WOW EARN Wallet: Seamlessly manage assets across 22 blockchains with access to 10,000+ DApps, NFTs, Multi-Chain swaps and more.   WOW EARN Chain: A Layer 2 blockchain built on

WOW EARN Ecosystem: an Introduction

**Introduction**

As the digital world evolves, so does its technology. With Web3 at the forefront, a new wave of technological adoption is sweeping across the globe, and Vietnam is riding this wave with vigor. During our adventure, we delve into the factors transforming Vietnam into an emerging crypto powerhouse.

## **Section 1: Vietnam's Economic Growth and Geopolitical Influence**

Vietnam's remarkable economic growth over the past decade is hard to ignore. With an average GDP growth rate of 6% per annum, it is one of the fastest-growing economies in Southeast Asia.

The burgeoning economy and strategic geopolitical positioning have attracted tech giants like **Apple, Samsung, and Intel** to move their manufacturing bases here.

This shift from traditional industries to high-tech manufacturing has paved the way for an increasingly digital economy.

Key points that you need to know:

1. Vietnam's GDP has surged from $21 billion in 1994 to $363 billion in 2021.
2. The nation's exports of goods and services have also increased dramatically, from $55 billion in 2007 to $340 billion in 2021.
3. Vietnam is now the world's second-largest coffee producer and the third-largest exporter of fish and seafood.
4. Per capita GDP has risen from $281 in 1994 to $3,694 in 2021.
5. Extreme poverty has been nearly eradicated, and over 18% of the population have joined the **global middle class.**
6. Vietnam's leadership has set ambitious goals, including reaching upper middle-income status by 2035, high-income status by 2045, and achieving net-zero carbon emissions by 2050.

## **Section 2: Demographics and Crypto Adoption**

Demographically, Vietnam is a young country. More than half of its population is under the age of 35, with a growing inclination towards technology and innovation. This tech-savvy demographic is driving the adoption of cryptocurrencies. It's no surprise, then, that Vietnam ranks among the top countries globally regarding crypto adoption.

1. Vietnam recorded its highest proportion of young people (10-24 years) in history, accounting for 21% of the population, or 20.4 million individuals. This demographic window is projected to last until 2039
2. Vietnam has over 16.6 million cryptocurrency holders, making it the second Southeast Asian country with the most crypto investors.
3. Approximately 31% of these investors hold Bitcoin, and they represent around 17% of Vietnam's total population.



## **Section 3: Regulatory Environment**

**Regulatory Environment and Outlook**

The regulatory environment in Vietnam has been cautious but has not dampened enthusiasm for cryptocurrencies.

For example

- In 2020, the State Bank of Vietnam declared that cryptocurrencies are not accepted as legal currency or means of payment.

At the same time

- The government acknowledges the potential of blockchain technology and has established a regulatory framework to oversee crypto activities, aiming to strike a balance between fostering innovation and managing risks.

As a result

- Crypto remains in a grey area
- There is no Tax on crypto gains
- Users can freely deposit and withdraw money from crypto exchanges.

> As a resident of Vietnam, you can deposit and withdraw money to and from crypto exchanges directly to your bank account.

**New Regulations are coming.** The government's stance on cryptocurrencies and blockchain is evolving, and future regulatory changes could shape the crypto landscape in the country.

## **Section 4: Community Vibes**

The crypto community in Vietnam is vibrant and dynamic from developers diving into blockchain code to enthusiasts eagerly discussing the latest launchpad projects.

A testament to this enthusiasm is the rise of local blockchain startups and the eagerness of international blockchain projects to enter the Vietnamese market. The community's passion and optimism are infectious, reflecting the country's readiness to embrace the future of the Internet.

**About Local Projects (from Binance report)**

- Vietnam has around 200 active blockchain projects, focusing on DeFi, NFTs, Infrastructure & GameFi.
- The distribution of projects: games and metaverse (28.8%), DeFi (26.0%), NFT (12.4%), infrastructure (11.3%), and other (5.1%).
- Notable projects include Axie Infinity, Kyber Network, and Coin98.
- Some token market cap figures for popular projects in Vietnam: Axie Infinity ($790 million), Kyber Network ($105 million), and Coin98 ($92.4 million) on May 15.

**About companies that are entering Vietnam**

There are talks all around the web3 community that Southeast Asia will get more focus from the community in the upcoming years.

**Projects that are active in the space**


- Ethereum community increasing presence in Vietnam. Last year was the biggest ETH conference in Vietnam so far. [Devcon announced](https://twitter.com/EFDevcon/status/1630543172974657538) that the next conference would be in SEA, and there is a big chance it could be in Vietnam.
- Solana and Near have a decent community and run events & hackathons here.
- Recently Sui & Base started entering Vietnam and maintaining its presence here.

> If you plan to visit Vietnam, reserve the dates 27 - 29 October *2023 and come for to ETH Vietnam.*

## **Section 5: The Future of Web3 in Vietnam**

Looking ahead, the potential for Web3 and crypto in Vietnam is immense. With a robust economic landscape, a young and tech-inclined demographic, and a vibrant community, the country is well-positioned to capitalize on the opportunities that these technologies bring.

However, the journey is not without challenges. Regulatory uncertainties, a need for greater public understanding, and technical infrastructure requirements present hurdles that need to be navigated. Yet, the resilience and adaptability of the Vietnamese people are promising indicators that these challenges will be met head-on.

## **Conclusion**

As we've seen, Vietnam's rise as an emerging player in the Web3 and crypto space is a story of economic growth, demographic advantage, and sheer enthusiasm. With its eyes firmly set on the future, Vietnam presents an exciting landscape for the world of Web3. As we move forward into this decentralized future, Vietnam is undoubtedly a country to watch.

## Summary

3 key points you should remember:

1. Continued economic growth and direct foreign investments boost the growth of highly skilled tech professionals.
2. Vietnam is one of the youngest nations in the world when 30% is below 25 y.o
3. No cryptocurrency taxes: The Vietnamese government does not recognize cryptocurrencies as legal tender and has not implemented crypto taxes.

Vietnam has all chances to become next “[Asian Tiger](https://en.wikipedia.org/wiki/Four_Asian_Tigers)”



The State Bank of Vietnam has been directed to study the pros and cons of cryptocurrencies and is expected to develop policy recommendations in 2023.

Man of Crypto - Vietnam

On May 18th, 2023, CYBER, CyberConnect protocol’s native utility & governance token, will be available for sale to the public through CoinList. This public sale will introduce 3% of the total supply of 100,000,000 CYBER into circulation and will be available to residents of select jurisdictions.

Introducing CyberConnect Token (CYBER) and its CoinList Public Sale



## Ditex is excited to present its NFT collection on the Polygon blockchain. This collection consists of 333 NFTs of varying rarities, accessible only to investors purchasing the DITEX token!

![](https://miro.medium.com/v2/resize:fit:1400/format:webp/1*cK_fsBkSIkIkV506DzZbUQ.png)

## Unique collection features:

-   Golden NFTs: Only 12 out of 333. Available exclusively to investors who invest $5000 or more.
-   Silver NFTs: Only 55 out of 333. Accessible to investors who invest $1000 or more.
-   Bronze NFTs: The remaining 266 out of 333. Accessible to investors who invest $100 or more.

## Benefits for NFT holders:

-   Dividends: NFT holders will have access to a separate dividend pool from DITEX ecosystem products! Golden NFT owners will receive 1/3 of the separate dividend pool, while silver and bronze NFT holders will also receive 1/3 each. Therefore, golden NFT owners will receive the highest dividends due to their lower quantity.
-   Exclusive access: Holders of these NFTs will gain exclusive access to Ditex products, closed online and offline events, and other privileges.

NFT distribution will occur after the completion of the private sale through a “first-come, first-served” (FCFS) basis. This means investors will receive their NFTs in the order of their purchase time.

To ensure transparency and easy tracking of the distribution process, we will provide an up-to-date position of each investor in a table , link to table will be below . You can monitor your status and find out when it’s your turn to receive the NFT.

To stay informed, be sure to follow our social media channels! We will share news about the NFT collection release, upcoming events, and other exciting happenings.

Don’t miss the opportunity to be part of the innovative world of Ditex!

Link to [table](https://docs.google.com/spreadsheets/d/1VhpFbZrCpyFU262UJLYT-0JA3LcuzqCvqeevcTt09Ek/edit?usp=sharing)

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Ditex is excited to present its NFT collection on the Polygon blockchain. This collection consists of 333 NFTs of varying rarities, accessible only to investors purchasing the DITEX token! Unique collection features: Golden NFTs: Only 12 out of 333. Available exclusively to investors who invest

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