Hong Kong Web3 Conference is Imminent, What Are the Hong Kong Concept Tokens Worth Focusing on?

2024-03-25, 11:20

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The popularity of the Hong Kong concept stems from the frequently favorable policies of the Hong Kong Monetary Authority and the Securities and Futures Commission towards Web3. On March 25th, Hong Kong concept tokens such as CFX and ACH saw a 24-hour increase of 20%, seemingly warming up the market for the upcoming Web3 conference in Hong Kong in April. In addition to CFX and ACH, other Hong Kong concept tokens have also seen good growth.

## Hong Kong Concept Tokens are on the Rise
Over the weekend, Hong Kong concept tokens have generally risen.

## Conflux
The Conflux token CFX has broken through $0.5 and is now quoted at $0.51, with a 24-hour increase of 21.66%. Conflux was founded in 2018 and is a blockchain technology company dedicated to developing underlying technologies for distributed systems, committed to creating a world-class universal blockchain underlying platform. In the early days of Conflux, it was led by Turing Award winner and renowned computer scientist Yao Qizhi as the chief scientist. After two years of dedicated research and development under his leadership, Conflux Network (Tree Graph Chain) was launched on October 29, 2020.
![](https://gimg2.gateimg.com/image/article/17113654831.jpg)

Conflux Network is a Layer 1 public blockchain project that can provide blockchain technology services to domestic and foreign enterprises simultaneously. Currently, the on-chain ecosystem project is flourishing. Conflux's vision is to create a trustworthy, secure, and borderless ecosystem that allows information to <a href="/pt-br/price/flow-flow" target="_blank" class="blog_inner_link">Flow</a> freely within the Conflux network, allowing everyone to experience the changes that decentralized systems bring to their lives.

## Alchemy Pay
The Alchemy Pay token ACH has exceeded $0.04 and is now quoted at $0.0419, an increase of 18% for the day. Alchemy Pay was founded in Singapore in 2018 and is a payment gateway that seamlessly connects crypto and global fiat currencies for businesses, developers, and users. Alchemy Pay's on&off ramp solution and NFT checkout are integrated through plugins or APIs. It provides a simple platform for platforms and token issuers to transition from fiat currency to crypto. Alchemy Pay supports Visa, Mastercard, Apple Pay, Google Pay, regional mobile wallet, and domestic bank transfer payments in 173 countries, focusing on emerging markets.
![](https://gimg2.gateimg.com/image/article/17113655422.jpg)

Alchemy Pay links traditional finance, entities, and cryptocurrencies, and constructs a solid value support. As a bridge builder between the crypto world and the traditional world, Alchemy Pay is gradually being recognized by the industry.

## KEY
The Selfkey project token KEY broke through $0.011 last weekend and is now quoted at $0.0105, with a 24-hour increase of 5%. SelfKey is a platform established by a team from Hong Kong for managing and using personal identity authentication. This platform utilizes blockchain to store necessary identity information, which can be used in various fields, such as citizen identification and commercial services. The team has been committed to providing various solutions for identity authentication management since 2013, serving numerous customers and the B2B market.
![](https://gimg2.gateimg.com/image/article/17113655933.jpg)

SelfKey is a peer-to-peer digital identity ecosystem, with KEY tokens as the currency that sustains the operation of the entire ecosystem, authorizing and incentivizing participants in digital identities within the ecosystem. In this ecosystem, users can transfer value through KEY tokens.

"Hong Kong Web3 Carnival" is a Web3 event brand launched by Wanxiang Blockchain Laboratory. The first Carnival was held from April 12th to 15th, 2023. As one of the largest Web3 events in the world, there were nearly 200 surrounding events during the carnival, and the cumulative number of offline participants exceeded 50,000. It attracted over 300 globally influential speakers and more than 100 popular projects, earning the industry the reputation of a milestone event in the development history of Hong Kong Web3.

The 2024 Hong Kong Web3 Carnival will be held from April 6th to 9th, 2024, at FG, 3rd floor of the Hong Kong Convention and Exhibition Centre. The event will last for four days and includes four venues. The event will revolve around the core issues of various Web3 tracks, with representatives from regulatory agencies providing in-depth analysis of regulatory policies and clarifying development boundaries. During the previous "Hong Kong Web3 Carnival," Hong Kong concept tokens generally saw a significant increase in value. So, what kind of performance will Hong Kong concept tokens have this year? Let's wait and see with Gate.io!

<div class="blog-details-info">
<div>Author:**Icing**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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