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FOMOinsights
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FOMOinsights
01-14
Da Nang has just opened a sandbox for a very "real" use-case: Who will need to convert USDT to VND? The problem isn't just for traders. ➢ The solution mentioned: MIMO (Dragon Lab). Key point: this is a sandbox approved by the Da Nang City People's Committee, with a clear scope and duration (not "anyone can use it everywhere"). The testing period reported in the press is: December 2025 to December 2028. ✓ MIMO operates on a Non-Custodial mechanism: simply put, the platform Vai as a technical intermediary/coordinator, while users still transact using their own wallets and bank accounts according to a predefined transaction flow. ➢ Join early: mimo.dragonlab.com.vn/download...… Sandbox is being implemented at 3 locations in Da Nang: • Software Park No. 1 (02 Quang Trung) • Software Park No. 2 (Nhu Nguyet Street) • Innovation and Startup Support Center (58 Nguyen Chi Thanh) Use flow (summarized according to the publicly available description): ☐ User eKYC → Link bank + wallet ☐ VND→ USDT: Transfer VND according to instructions → USDT to user's wallet ☐ USDT → VND: Send USDT from user's wallet → VND to user's bank account ✦ Risk note: The system has layers of control such as eKYC/AML, logging & reporting according to sandbox regulations; wallets are checked using on-chain analytics tools to reduce the risk of money laundering/fraud. Regarding exchange rates: the project describes a mechanism for referencing prices from multiple major exchanges and a "temporarily fixed" window of 15 minutes for each conversion; strong fluctuations may be temporarily suspended to protect users. Who will need it? The problem isn't just for traders: international visitors, experts/speakers at events, and even groups of students/lecturers wanting to experience fintech in a supervised environment are also mentioned as target groups. ➯ Why is this noteworthy (from a market structure perspective)? This is a test run to connect digital assets with the real economy through risk management/compliance strategies — something the Vietnamese market has long lacked. But remember: sandbox = limited scope, not a "universal standard" for the whole country. We will be monitoring further: fees, transaction limits, processing SLAs, incident playbook, and real-world user experience in the sandbox. If you are in Da Nang and have experience, please reply to this thread: what is smooth / what is problematic / what risks need further warning. If you are a member of FoMonista, you can contact them to receive guidance on how to experience the service.
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FOMOinsights
10-17
Who is really “building” Sui and now it's time for the community to be recognized. @MMTFinance launches Title Deed Nomination Wave Roughly translated for everyone to understand, this is a campaign to honor the true builders, contributors & supporters of the Sui ecosystem. What is a Title Deed? It is an Non-Fungible Token that certifies contributions, representing those who have helped Sui develop from day one. A total of 15,000 Title Deeds will be issued: • 10,000 for early contributors & active members • 5,000 through Nomination Wave (community nomination) Keep Title Deed = Unlock Future Benefits: → Airdrop from Token Generation Lab → Priority access to bluechip projects → And many other privileges in the Momentum system How to participate 1. Access http:/deed.mmt.finance 2. Connect Sui wallet + X account 3. If you are a Momentum KOL, you are already whitelisted – you can nominate the 3 most active people in your community Personally, the team sees this as a campaign that doesn't drop randomly, but creates a real circle of recognition: builder → spreader → nominee. A true “social Airdrop” – transparent, in-depth, and truly motivating for both builders and the community. 💡 Fun fact: Title Deed has 4 rarity tiers, the higher the level, the bigger the reward. And whoever owns this Non-Fungible Token has a chance to receive Airdrop from projects launched through Token Generation Lab. The 5,000 Non-Fungible Token Nomination pool will run out very quickly — nominate early to secure your spot! #Momentum $MMT Sui #TitleDeed twitter.com/FOMO_insights/stat...
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