Blockchain Press Releases
HaloWallet Rebrands To Halo: Integrating SocialFi & AI To Revolutionize Social Influence Monetization
VICTORIA, Seychelles, April 16, 2024 /PRNewswire/ — Today, it is thrilling to announce the official brand upgrade from HaloWallet to Halo (halo.social). This upgrade signifies a significant shift in Halo’s vision and commitment to thriving alongside millions of Halo users worldwide in the SocialFi UBI revolution.
Since its inception in October 2023, Halo has been at the forefront of the SocialFi movement. With the launch of Halo Genesis Pass, it has yielded a remarkable 2,000% return for holders and earned international acclaim from users of more than 100 countries.
Moving forward, Halo’s mission is to disrupt the Web2 monopoly and revolutionize the monetization of social influence while ensuring fair and equitable profit sharing. This mission is accomplished through the integration of AI and Web3 DID.
With funding from KuCoin Ventures, IDG, HashKey, and strategic Web3 partners globally, as well as the financial support of the Cyberport incubation program by the Hong Kong government, Halo is poised for an unprecedented leap forward within the realm of SocialFi.
Halo: Pioneering the SocialFi UBI Revolution
Halo (halo.social) is designed to create a revolutionary monetization layer within the SocialFi field, aiming to establish a new paradigm of Universal Basic Income (UBI) that provides ownership to everyone.
Web2 tech giants have generated immense commercial value. However, their centralized nature has led to many concerns on users’ loss of personal data autonomy and unequal value distribution. With blockchain, users can regain control over their assets, data, and accounts. Halo aims to capitalize on advertisement value while respecting user privacy and consent.
Beyond just advertisement, Halo identifies a crucial avenue for monetization: data value. The AI industry has grown rapidly, but due to vague ownership of data copyrights and a lack of unified regulations, high-quality AI corpus remains scarce. As an innovative Web3 project, Halo provides an innovative solution to address this requirement of AI.
Halo has the ability to acquire both on-chain transactions and social content, surpassing Scale AI with full copyright and user consent. By integrating the power of the community to complete data labeling tasks and implementing decentralized governance, Halo meets the demand for high-quality labeled data in AI, enabling the monetization of user data and ensuring a fair redistribution of business profits.
Jeff Hou, the Head of Halo, stated, “The brand upgrade is not merely a marketing move but a natural progression and evolution in the development of Halo. We are gradually transitioning from being a crypto wallet to becoming a fully-fledged ecosystem within SocialFi. It’s time for everyone to see Halo in a new light. We will lead the new wave of the SocialFi UBI revolution, monetizing users’ social influence through our advanced technology architecture and fantastic partnerships in the industry.”
The SocialFi UBI revolution is at our doorstep, and Halo is at the forefront, ready to unlock new opportunities for users to earn, learn, and socialize in a decentralized and equitable environment.
Looking Ahead
Halo token airdrop is a crucial aspect of our vision, designed to strengthen the bond among all members and foster a more engaged and dynamic Halo community. The largest share of Halo tokens, 35%, will be allocated to community, early adopters and alliance members from KuCoin, Mocaverse & other excellent partners.
As a key indicator, Halo Membership Pass will be available for minting on April 26, operating on a season-based promotion system. We’ve launched exclusive discount code giveaways of the Pass with our esteemed partners. Join now to secure a high-level Pass.
Stay tuned for more updates and information on TGE as we continue to evolve and grow as Halo.
About Halo
Halo (halo.social) is designed to build a revolutionary monetization layer within the SocialFi field. We aim to create a new paradigm of UBI (Universal Basic Income) that grants ownership to everyone. By integrating AI, Web3 DID, and Wallet Aggregator, and implementing decentralized governance, Halo is dedicated to transforming the way social influence is monetized and fostering a system of fair and equitable profit sharing.
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A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on HIPTHER Alerts.
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
The post Binance warns of crypto market risks from overvaluation, centralization appeared first on HIPTHER Alerts.
The Cryptocurrency Open Patent Alliance (COPA) has teamed up with Unified Patents to launch the Blockchain Zone initiative, aimed at combating “patent trolls” in the crypto industry. Patent trolls, or non-practicing entities (NPEs), are known for exploiting patent rights through litigation rather than developing new technologies. COPA and Unified Patents aim to prevent such entities from hindering blockchain innovation by making costly and baseless patent assertions.
The initiative is designed to safeguard blockchain and related technologies from these unwarranted patent claims, fostering an environment where developers and companies can innovate freely without fear of legal threats. Key figures in the partnership, such as Paul Grewal from Coinbase and Steve Lee from Spiral, emphasize that patent trolls create significant barriers to technological progress, especially in the fast-evolving crypto space.
By aligning with over 300 companies through Unified Patents, COPA’s effort strengthens its mission to protect the blockchain community and the broader crypto-economy from the disruptive impact of NPEs, ensuring that blockchain innovation remains open and accessible.
Source: news.bitcoin.com
The post COPA, Unified Patents Partner to Fight Crypto Patent Trolls appeared first on HIPTHER Alerts.
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