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Armed with little more than a smartphone and a dream, inexperienced cryptocurrency investors in Vietnam are hoping to hit it big with Pi – a cryptocurrency that can be mined from a phone. As the crypto-craze in Vietnam continues being fueled by skyrocketing bitcoin prices and overnight millionaires, investors in the country are looking for low-barrier avenues to make their own fortunes on digital currency. Enter Pi, a relatively new digital token that can be mined through the Pi Network app, advertised as “breakthrough tech [that] allows you to mine [Pi] on your phone without draining your battery.” Unlike conventional cryptocurrency mining, which involves the use of significant computer power to verify the legitimacy of transactions in order to earn tokens as a reward, obtaining Pi only requires 'miners' to log into the application and tap a button every few hours. With such a low barrier to entry, Pi mining has pulled in scores of Vietnamese crypto-newbies in recent weeks. "We’ve missed the boat on bitcoin, so many of us have switched to mining Pi," said Duc Danh, a Facebook user in Ho Chi Minh City. "There’s nothing to lose. "After a few years, if the project succeeds, each Pi could be worth dozens of U.S. dollars." Also in on the Pi hype is Vinh from Phu Nhuan District, a Pi miner who has recruited 70 other 'miners' and aggregated over 1,000 Pi coins for doing so as part of a Pi Network program akin to a multi-level marketing scheme. “Pi mining costs nothing but bits of phone storage," Vinh argued. "What if the price shoots up to a few hundred U.S. dollars in the future? "No one expected bitcoin to soar to $50,000.” New members on the Pi Network receive one free Pi coin and start with a mining speed of 0.1 Pi per hour. This velocity will increase with more accepted referrals, thus incentivizing users to gather as many new recruits under their umbrella as possible. On Facebook, Pi Network groups have amassed hundreds of thousands of …

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"With only five seconds a day on your smartphone and no investment needed, you have a chance to receive a huge amount of money," reads a post in the Pi Network Facebook group which has nearly 150,000 members, most of them Vietnamese. The Pi Network, which describes itself on its website as "the first and only digital currency you can mine on your phone," has become a popular topic of discussion on social media since the end of last year. Many users have invited others to download the app and mine the coin with just few taps. As of March 2, Pi Network, said to be developed by two Stanford University Phds, was the 22nd most downloaded app on iOS in Vietnam. The Pi Network’s Facebook fanpage on February 19 claimed it had reached more than 13 million users worldwide. "We no longer have a chance to own Bitcoin, so let’s switch to mining Pi. You lose nothing. After a few years, if the project succeeds, each Pi could be worth dozens of U.S. dollars," said Duc Danh, a Facebook user in Ho Chi Minh City. A new user receives one free Pi and starts with a mining speed of 0.1 Pi per hour, which will increase with more accepted referrals. "I have invited eight friends to mine with me. Now I have more than 10 Pi, with a mining speed of nearly 0.3 Pi per hour," said Nguyen Nhat, a Pi user, also known as a "Pioneer," in Ho Chi Minh City. But, except for the hope that Pi can become as valuable as Bitcoin in the future, Nhat and other Pioneers cannot answer questions about the current value and application of the Pi. Social media users give different estimates about the Pi's value, with some saying it is now worth $10-100 each. There is currently no official trading market for Pi in Vietnam and no official exchange currency rate with the Vietnamese dong. Cryptocurrency remains an illegal means of transaction in the country. Most experts have doubts about the potential of the new cryptocurrency and suspect that it's a scam. Dang Minh Tuan, a blockchain expert at the …

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Launch of digital platform WAK WAK HAWKER for all things hawker-relatedSINGAPORE - Media OutReach - 9 February 2021 - FUTUREK SG PTE. LTD., a digital creative agency that works with the latest technology from Japan, launches a new website service, WAK WAK HAWKER (WWH). The platform aims to provide locals and tourists with a comprehensive guide to Singapore's hawker culture and information at their fingertips.   Singapore's First Dedicated Digital Platform for Hawker Centres   WWH bridges information of hawker centres across the country to become a database which users can quickly access to decide their next meal.  With hawker centres being hallowed in the Unesco list of Intangible Cultural Heritage of Humanity in 2020, WWH aims to preserve their legacy by promoting the historical, cultural, economic and social value of this national asset.   Users can easily access information about hawker centres and individual stalls (distinct shops helmed by hawkers), as well as a Search feature that locates hawker centres from nearby landmarks and filters stalls based on food category. The UX/UI design of the platform was only achieved after extensive research of gourmet and food websites around the world. The team had only one goal in mind -- "How will the platform help users to decide where and what to eat?"   The platform is enhanced with insights from everyday Singaporeans who view hawker culture as a way of life. Whether they are diners, hawkers themselves or hawker centre owners, get a glimpse of their world through article content based on interviews with these personalities. Along with data about hawker centres and hawker stalls, these feature content are updated regularly.   Mr Akiyasu Takaseki, Chief Operating Officer at FUTUREK SG and leader of the WWH development project, shares "I often frequent hawker centres since moving here because I found this idea of dining intriguing, and almost disjointed, from my …

[Read more...] about Japanese Technology by FUTUREK SG Takes Singapore’s Street Food Culture Closer to the People