Please describe your proposed solution
Problems and Current Situation:
1. Cardano has been around for a long time but is not widely recognized by business owners, project leaders, and individual investors in Vietnam.
2. Marketing activities for Cardano in Vietnam are generally weak, primarily spontaneous, and unofficial.
3. The Cardano community in Vietnam is extensive and primarily online-based, with limited official offline events. This situation restricts opportunities for members to interact and collaborate effectively.
Proposed Solution:
Organize regular meetups across Vietnam's northern, and southern regions, focusing on the two major cities: Hanoi, and Ho Chi Minh City, where most individual investors and businesses are concentrated.
According to the Vietnam Crypto report in 2023
Meetup Content:
- Monthly updates on Cardano's development and activities.
- Information about notable projects on Cardano.
- Discussions on decentralized governance and CIP1694.
- Catalyst updates.
- Other relevant topics.
- Open discussions.
- Networking opportunities.
Meetup Scale: 50 - 100 participants.
Participants:
- Business owners.
- Project owners.
- Individual investors.
- ADA holders.
- Stake Pool Operators (SPOs).
- DReps.
- Catalyst Proposers and Community Reviewers (CRs).
- Individuals interested in ADA.
Importance for Cardano:
- Promotes Cardano across Vietnam to a diverse audience including businesses, individual investors, and ADA enthusiasts.
- Establishes a platform for exchange and connection within the Cardano Vietnam community.
- Sparks new collaborations and initiatives that contribute to the development and enhancement of Cardano.
- Encourages businesses to integrate the Cardano Blockchain into their management and business systems.
- Educates the community to understand Cardano deeply and accurately through official and factual updates, boosting confidence among users and investors.
- Generates other positive impacts such as an increase in user engagement, new wallet creations, new proposals on Catalyst, and growth in the number of DReps participating in initiatives like Intersect and SanchoNet.
Why is it essential to focus on marketing Cardano in Vietnam?
- High Cryptocurrency Adoption: Vietnam was ranked first globally in the 2022 Global Crypto Adoption Index and third in 2023. This indicates a strong and growing interest in cryptocurrency within the country.
The 2022 Global Crypto Adoption Index
The 2023 Global Crypto Adoption Index
- Significant Virtual Currency Ownership: According to data from the payment portal Triple-A, Vietnam holds the second-highest rate of virtual currency ownership worldwide, with 21.2% of the population owning virtual currency, trailing only behind the UAE at 34.4%. This underscores Vietnam's emergence as a significant player in the virtual currency market.
Source: Visualcapitalist
- Active Blockchain Community: Vietnam frequently hosts major blockchain events that attract significant participation. However, Cardano has a limited presence, apart from the Cardano Summit, resulting in lower regional visibility and recognition.
Source: Vietnam Crypto Report 2023