Vietnam’s Da Nang Unveils Crypto Finance Hub as Snorter Token Mania Goes Mainstream

Vietnam just dropped a bullish signal for crypto adoption—Da Nang is transforming into a digital asset hotspot.

The coastal city's new finance hub will cater to blockchain startups, traders, and—let's be honest—speculators chasing the next Snorter Token-style pump. Because nothing says 'financial innovation' like a meme coin rally.

Regulators claim they're 'balancing innovation with oversight.' Translation: They'll take a cut before the bubble pops.

On June 27, the Vietnamese Parliament passed a resolution to establish two International Financial Centres, one in Ho Chi Minh City (HCMC) and the other in Da Nang.

While the HCMC centre will focus on capital currency markets, financial innovation, and specialized trading floors and platforms, the Da Nang hub will work toward green finance and digital services.

The resolution saw overwhelming support, with a whopping 93.5% of lawmakers voting in favor, underscoring Vietnam’s intent to solidify its place as a rising financial powerhouse in the Asia-Pacific.

In this article, we’ll break down what this means for the broader crypto space. And we’ll also list down a hot presale crypto (Snorter Token) you can invest in to benefit from the surge in Vietnam’s digital liquidity.

Da Nang’s Rise: Billions in Investments, Stablecoin Pilots & a Visionary Financial Future

Of the two proposed centres, Da Nang has attracted the most attention thanks to its immense economic potential.

Over 10 major investors have already expressed interest in investing in the city’s upcoming financial hub. These include Singapore-based Makara Capital, which is willing to make a $5-$7B investment, and The TRUMP Organization, backed by U.S. President Donald Trump, eyeing a potential $1.5B investment.

Located at the heart of Vietnam, Da Nang boasts a thriving tourist economy, access to an international airport, and a deep-sea port. Nguyen Van Quang, the city’s Party chief, welcomed the news and expressed his enthusiasm to build a “living financial ecosystem.”

It’s also worth noting that Resolution 136, passed by Vietnam’s National Assembly on June 26, 2024, granted Da Nang a five-year pilot window to test stablecoin transactions in a sandbox environment.

Under this, international tourists in Da Nang can pay for goods and services using $USDT via digital wallets, while merchants continue to receive payments in Vietnamese dong ($VND).

Though still in development, the establishment of an international financial centre and progressive regulatory moves like this stablecoin pilot position Da Nang as one of Southeast Asia’s most promising crypto-forward cities.

If you want to ride the wave of fresh liquidity and rising demand for crypto-based solutions, Snorter Token ($SNORT) is one altcoin worth watching. That’s because it stands to benefit from both the broader altcoin momentum and the growing interest in meme coin trading, as new investors enter the space. Here’s why.

What is Snorter Token?

$SNORT is a new meme coin on presale and the native crypto behind arguably one of the best Telegram Trading Bots to hit the market in recent times.

Currently in development, Snorter Bot will be a retail meme coin trader’s ultimate sidekick. Through automatically executed buy/sell orders, Snorter will help traders snipe liquidity in newly listed meme coins.

This could be a game-changer because until now, institutional investors with sophisticated trading tools WOULD eat up all the available liquidity and, therefore, the profits that came with explosions in new meme coins. The unfair dominance ends now thanks to Snorter.

It’s worth noting that while Snorter Bot is currently only compatible with the solana blockchain, support for other networks like Ethereum, Polygon, BNB, and Base will roll out soon.

Top-Tier Security & Ease of Use

You’d think that a full-blown trading tool would be complicated to get the hang of, right? Snorter, though, is super easy to use.

As mentioned earlier, it runs on Telegram, so you can place buy/sell limits and stop orders directly from within the Telegram chat.

Additionally, the bot comes jam-packed with security features – from front-running protection and honeypot detection to rug pull safeguards and MEV protection, it’s got everything to offer an enjoyable yet super-secure meme coin trading experience.

Snorter Bot is also perfect for new meme coin traders thanks to its excellent copy-trading feature, which allows you to mimic the plays of proven profitable crypto traders.

This allows you to cut through the noise in a fast-moving and dynamic meme coin market and find a repeatable edge, even if you’re new to fundamental and technical analysis. Piggyback on crypto pros and watch your portfolio hit fresh highs with every wave.

Why Buy $SNORT: Lower Fees, Staking Rewards & More

Buying Snorter Token ($SNORT) unlocks access to handsome staking rewards, currently yielding a chunky 224% p.a.

More importantly, though, $SNORT owners will enjoy reduced trading fees – just 0.85% as compared to the 1.5% charged to non-holders.

Here, it’s worth mentioning that 0.85% is one of the lowest rates in the entire Telegram trading bot industry, with top rivals like Banana Gun and Bonk Bot charging upwards of 1%.

Last but not least, with Snorter Bot predicted to take off, attracting a massive user base in the coming years, its native crypto $SNORT could naturally emerge as the next big breakout winner.

In short, you can ride the Snorter Bot’s growth by becoming a $SNORT holder. Even better, because it’s in presale, one token is currently available for just $0.0975. And the project has so far raised nearly $1.6M.

To learn more about this potentially revolutionary trading bot, check out Snorter’s official whitepaper. And follow its X feed for regular project updates.

Disclaimer: Bear in mind that investments in crypto are risky, and there’s no guaranteeing any returns. This article is not financial advice, either, and we urge you to do your own research before investing.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.