This CryptoCurrency Currency Asset Developer In Indonesia Is Very Able To Compete With International

Indodax's Chief Executive Officer (CEO) assesses that domestic crypto asset developers or developers are no less innovative than foreign crypto asset developers. Many blockchain developers from Indonesia have developed and created their own crypto assets over the last few years in line with the trend of investing in crypto assets which is currently booming.

According to Oscar in a release in Jakarta, Friday, in 2022 and in the years to come, there will be many "works of the nation's children" that will appear, which indicates that Indonesia is increasingly open to the digital economy ecosystem. "With continuous technological developments, I really appreciate the innovation of domestic crypto token developers who take part as native Indonesian crypto token developers, so that domestic developers are no less innovative than foreign developers who have developed crypto tokens first," said Oscars.

Although more and more domestically-made crypto tokens are popping up and it is likely that there will be more this year, Oscar considers that the only local crypto assets that will survive are crypto assets that meet several criteria. If the crypto asset has a large number of users, a solid and strong community, a large transaction volume, a good and useful ecosystem, he judges that the local crypto can survive and can even compete with foreign cryptos. He added, because crypto assets are highly dependent on utility or function, these developers will face stiff competition not only locally but also abroad.

"So I think this is a big homework for developers who may be going to make local crypto tokens. Because the value of a crypto asset will depend on the use of the token itself and of course this will affect the number of users later," said Oscar.

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