Untuk Bahasa Indonesia, klik di sini.
- Total investment in fintech companies hit an all-time high of $ 3.5 billion in the first nine months of 2021. That is more than three times as much as in 2020.
- Singapore in particular leads the number of top FinTech financiers in ASEAN on 2021, accounting for 44% of the total. In second place are Indonesia and Synthetic Team in third place with 11%.
- Local banks across Southeast Asia have been stepping into the crypto market by investing in licensed crypto exchanges, a phenomenon that has picked up steam, particularly in Thailand and Singapore.
Indonesia
Indonesia has evolved a relatively well-defined stance towards crypto assets and is considered reasonably open to blockchain technology. The barriers to entering the crypto market in Indonesia is low and as of today, all you need to get started is a smartphone, an internet connection, and probably less than $1 capital. Local crypto exchange are thriving — as they are connected directly to local banking and digital payments platforms making them easy to adopt, the prospect of quick gains is alluring: Religious figures and influencers have taken to the internet to spread the news the ease of trading.
Internally on the moment of the rise of cryptocurrency in Indonesia, the global cryptocurrency such as Luno and Binance start to really put their focus and strategy aiming Indonesia, creating join venture with Indonesia conglomerate for crypto operations. At the same time, the country’s regulators are racing to keep up.
SEADEX Point of View
The Indonesian crypto market is booming like never before, with every passing day, more and more investors/crypto enthusiasts are trying to hop in on this financial revolution, which make so many door of opportunity open, yet at the same time crypto proponents know that blockchain literacy needs to match the mounting opportunities. And here is where the countries lack, educational literacy and freedom of options.
As much as the central exchange keeps piling up, there are not less crypto projects created out of lack of knowledge in order to use this transition period of crypto adoption to scam and blindly gain wealth. The market is big, the opportunity is huge, yet not much know what the essence of blockchain really is and to what maximum potential it could reach — and when its time for them to know, decentralized exchange, decentralized ecosystem will always be the first option.
During the old order, Indonesia implemented centralized governance system. It was right, at that time. Until after a long period of time, what was “right” ended up being an abuse of power where the majority of the people aware and do a massive evaluation as the system is no longer serve the country’s vision.
The introductory I just explained is to give you a better view of how things are meant to change when the majority is aware and can evaluate a better solution to the current problem. SEADEX will be the first solution when all of the knowledge and information are limited and controlled by narration of some group of people for personal purpose.
SEADEX Update and Schedule!
Announcement to be made that we are not far of going live! We have deployed the testnet few weeks ago and locking partnership with DefiYield as our security auditor. The auditing process is still on the waiting list and soon to begin the process.
1% allocation has been secured for GPool staking platform and we are looking forward to do co-marketing with them. We’re also going to be introducing a swap mechanism wherein the investors will be able to swap $IDDX:$(SECRET :P). We’re finalizing last few things with regards to this to make sure price stability is attained and we’re able to successfully transition all investors to the new token.
Here we have share plans of what to expect in upcoming weeks on Q1. Note that this is not a fixed roadmap, detailed roadmap with timeline will be shared once its reviewed and ready to be shared in public.
Real soon
- Detailed 2022 roadmap
- Token Distribution and Migration Mechanism
- Competition Reward Distribution
- CMC and CoinGecko Update
- Project Details launch in all language supporting SEA
- Security Audit
- Mainnet SEADEX Launch v1
- Swap Feature, Yield Farming, Staking Pools, Info & Analytics
- SEADEX Demo
- Liquidity Partnering and co-marketing with L1 blockchain
Soon
- SEADEX Academy
- Website V.2 with SEA language support
- New partners
- Regional SEA Community Launch
- Airdrop for Indonesian users
- V2 DEX Launch
- New Liquidity Partner
We will be having a newsletter update every month from now on and give heads up once a week on Twitter and Telegram to making sure everyone is on the same page and having the best grips before SEADEX is going to the moon.
Reference: Crypto investments in Southeast Asia are set to increase 424% in 2021 (Report by SFA Asean 2021)
