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Helio Lending Establishes U.S.A. Office and Hires Head of Global Business Development

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Melbourne, Victoria–(Newsfile Corp. – December 17, 2020) – Helio Lending Pty Ltd, a privately held company based in Australia, which has built a unique and propriety platform enabling loans secured by certain cryptocurrencies, is pleased to announce it has established San Francisco as its home base for US operations. In addition, the Company is excited to announce the hiring of Min H. Kim former Director of Marketing at Huobi U.S., the U.S. strategic partner of Huobi, a top cryptocurrency exchange. Ms. Kim has also served as Senior Director of Marketing and Business Development at Cred, Inc. a cryptocurrency lender as well as an early employee at TRON Foundation in Business Development. Ms. Kim began her career working with Tim Draper at Draper University, a pre-accelerator program for entrepreneurs. As Senior VP Global Business Development for Helio Lending, Ms. Kim is responsible for establishing and managing the Company’s day-to-day US operations. In particular, she will oversee the expansion of Helio Lending’s US operations, its cryptocurrency loan portfolio, and its partnerships.

Ms. Kim commented, “Having had the pleasure of meeting the Helio Lending team, Directors, and Advisors, I am truly grateful and excited for the opportunity to serve in such an important role for Helio Lending. I have spent the majority of my career in building relationships within the crypto space and was fortunate enough to have crossed paths with, and learn from, some of the most successful crypto entrepreneurs who are considered pioneers in the space. I am a firm believer that crypto collateralized lending is here to stay as one of the fastest growing mainstream use cases. The total addressable market is in the Billions. Helio Lending’s lending platform offers scalability with a competitive product offering of lower rates and higher LTV. All of which made choosing to join Helio Lending a no-brainer.”

John O’Shea, Helio Lending Founder, Chairman and CEO stated, “We recently announced our intent to commence hiring with expansion plans into the US and are pleased to show progress on both fronts. We’ve established San Francisco as our home base in the US and are enthusiastically pleased to announce the hiring of Min Kim to head up our US operations. Min’s resume and accomplishments as a self-starter, entrepreneur and advisor to dozens of startups in the crypto space speak for themselves. We look forward to a mutually rewarding endeavor as we enter 2021 with some solid momentum and a crypto-lending industry that is bursting at the seams. In other news connected to Helio expanding and establishing operations in the US, the Company has engaged counsel to perform exploratory due diligence on a possible change of control transaction through which Helio Lending would potentially merge with a US publicly listed company and become the majority shareholder.”

Bio – Ms. Min H. Kim: SR. VP Global Business Development, Helio Lending USA.

Ms. Kim is a leading blockchain, cryptocurrency and crypto-lending expert and advisor, having guided the growth of numerous companies in the crypto space. Min has engaged with more than 30+ startups in the crypto space as a marketing and partnerships consultant including some of the largest crypto startups out of India, Vietnam, China, and Russia. Ms. Kim currently serves as SR.VP Global Business Development for Helio Lending where she is overseeing the expansion of Helio Lending’s operations and cryptocurrency loan portfolio, as well as establishing North American operations for the Company. Most recently she served as Head of Marketing and Business Development at Cred, Huobi US, and was the first U.S. employee at TRON Foundation. From the early days of her career, she has surrounded herself with some of the most successful and influential crypto business leaders including having begun her crypto career working with Tim Draper on blockchain initiatives.

A Dartmouth College graduate, Ms. Kim is fluent in four languages and has a passion for entrepreneurship and social networking. Ms. Kim is the founder of BLOCULTURAL (pronounced, block-cul-tu-ral) an advisory company that specializes in planning blockchain events and assists crypto companies with marketing, PR, community building, and coordinating investor dinners.

For more information, please visit:

https://www.linkedin.com.minkim
https://twitter.com/minittowinit
https://www.blocultural.com

CONTACT INFORMATION:

For employment opportunities, media and all other inquiries, please contact:

[email protected]
[email protected]
John O’Shea
Founder and CEO, & Chairman
CYIOS Corp.

Follow Helio Lending using:
https://twitter.com/heliolending

About Helio Lending

Founded in 2018 by our Chairman Mr. John O’Shea, Helio Lending is a cryptocurrency lender, with headquarters in Australia. Recognized as the first to market in Australia, Helio Lending was the first independent crypto lending company to actively lend within Australia under an Australian Credit License.

Helio lending provides holders of certain cryptocurrency (such as Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Litecoin and Ripple) with a safe and secure way to access fiat funds, without selling any of their cryptocurrency.

Helio Lending takes care of the entire lending process, and will give holders of cryptocurrency (such as Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Litecoin and Ripple) safe and secure access to fiat funds, without selling any of their cryptocurrency. Beginning with KYC and AML checks, arranging lending agreements, securing collateral in insured cryptocurrency wallets, funding loans, monitoring the value of the cryptocurrency assets and servicing the terms of each individual contract on a 24/7 basis.

Using Distributed Ledger Technology allowing transaction and settlement without counterparty risk, Helio Lending enables holders of digital assets to use certain digital assets as collateral. Helios Lending’ technology electronically monitors the price of the Approved Digital Assets such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple to allow access to these credit and fiat currencies.

For more information, please visit: https://heliolending.com/.

FORWARD-LOOKING STATEMENTS: This release contains “forward-looking statements.” Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “would,” “could,” “will” & other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company’s actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered w/ these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Saakuru Leads the Gasless Blockchain Revolution, Disrupting the Industry

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Saakuru has recently achieved significant milestones in its development, positioning itself as a leader in the gasless blockchain revolution that is reshaping the industry. Within just nine months of its launch, the consumer-centric L2 protocol has entered the top 5 brands in its niche and records over 1.44 million weekly users, according to data from DappRadar.

The project is gearing up for the official launch of its Saakuru token ($SKR) by the end of April, supported by a successful private funding round that raised $2.4 million. Saakuru Protocol stands as a pioneering advocate of gasless technology, aiming to accelerate the adoption of Web3 into the mainstream by enhancing the user experience and reducing costs for both developers and end users.

Unlike traditional blockchain networks, which often suffer from high gas fees and security issues, Saakuru Protocol leverages Oasys High-Speed Optimistic Rollups to create a public-permission, gas-less L2 blockchain. This innovative approach eliminates gas fees, improves user experience, and introduces new tokenomics models, enabling the development of versatile decentralized applications with higher security standards, cost-effectiveness, and ease of use.

The Saakuru token serves as a multi-purpose token within the protocol, providing utility and governance. Its advanced burning mechanism gradually reduces the token supply while potentially increasing its value. The token is integrated into all operational layers of the Saakuru protocol:

1. Developer Layer (Saakuru Labs): Provides products and services with proprietary business models, burning 10% of profits.

2. DeFi Layer (Taffy DEX): Utilizes Taffy DEX technology, where 0.005% of transaction fees are converted to SKR tokens and burned.

3. Governance Layer: Enables token holders to participate in protocol governance, with 5% of tokens used for governance initiating the review process being burned.

4. Protection Layer: In the event of triggering the protection mechanism, SKR tokens are burned, with 3% of saved tokens being burned.

Through these innovative features and layers, the Saakuru token and protocol aim to drive adoption, enhance functionality, and provide sustainable value for users and stakeholders alike in the evolving blockchain landscape.

Source: finance.yahoo.com

The post Saakuru Leads the Gasless Blockchain Revolution, Disrupting the Industry appeared first on HIPTHER Alerts.

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Blockchain

RFK Jr. Proposes U.S. Budget Transparency with Blockchain

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RFK Jr.’s innovative proposal seeks to revolutionize how the American public interacts with the national budget, leveraging blockchain technology to provide unprecedented levels of transparency and accountability.

Under this plan, every detail of the U.S. budget would be recorded on a blockchain ledger, accessible to the public 24/7. RFK Jr. highlighted the transformative potential of blockchain by emphasizing that “Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day.” This approach aims to engage citizens in the fiscal management of the country, with the goal of ensuring that every dollar spent is visible and accountable.

The proposal promises several significant benefits. Firstly, it could substantially reduce corruption and misuse of funds by enabling real-time monitoring of budget allocations. Secondly, it could strengthen the relationship between citizens and their government, potentially fostering greater trust and civic engagement.

However, implementing such a system presents challenges. One major obstacle is the immense amount of data involved in transcribing the entire national budget onto a blockchain. This requires a highly robust and scalable blockchain infrastructure. Additionally, ensuring universal access and usability of this technology for all Americans may require extensive educational initiatives and improvements in digital infrastructure.

Moreover, there are concerns regarding privacy and security. While blockchain offers inherent security features, the continuous updating and review of vast amounts of data could pose vulnerabilities that need to be addressed to prevent breaches.

Nevertheless, the potential benefits of RFK Jr.’s proposal are compelling. If successful, it could serve as a model for other nations, demonstrating how blockchain can enhance transparency and public participation in government. Ultimately, this initiative has the potential to redefine the standards for accountability and transparency in government spending, marking a significant step forward in the management of public resources.

Source: altcoinbuzz.io

The post RFK Jr. Proposes U.S. Budget Transparency with Blockchain appeared first on HIPTHER Alerts.

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Blockchain

$60 Million USDT Already Issued On TON, Great Start, Says CEO

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Tether (USDT), the world’s largest stablecoin, has swiftly entered The Open Network (TON) with $60 million worth of USDT already deployed on the blockchain.

The collaboration between Tether and the TON Foundation was announced just two days earlier at the Token2049 conference in Dubai.

USDT’s Strong Start on TON
Within a short span, $60 million worth of USDT has been issued on The Open Network (TON), positioning the blockchain as the 11th largest out of 16 blockchains supporting USDT. This significant milestone follows Tether’s announcement of its partnership with the TON Foundation during the Token2049 conference. Tether’s CEO, Paolo Ardoino, expressed satisfaction with the collaboration, initially reporting $35 million worth of USDT issuance, which has since been updated to $60 million in the Tether Transparency Report.

This integration holds considerable implications for Telegram users, offering instant and free cross-border payments. With USDT now available on TON, users can seamlessly conduct transactions without requiring a blockchain address or downloading separate applications. Telegram emphasizes that this integration will streamline money transfers, likening it to sending a direct message.

Fully Integrated On-Ramps
USDT on TON will seamlessly integrate with major fiat currencies, ensuring convenient on-ramping for users. Additionally, plans for off-ramping functionalities are underway, enabling users to convert USDT back to their preferred fiat currency and withdraw it to their bank account or card. Despite TON’s recent addition, a significant portion of USDT’s $109.8 billion circulating supply remains on the Tron Network, accounting for around $57 billion, followed by Ethereum with approximately $51 billion in USDT. Ethereum’s share has decreased as Tether seeks to mitigate Ethereum’s high network fees. Meanwhile, Solana hosts $1.9 billion worth of USDT.

Market Dominance
USDT continues to dominate the stablecoin market, holding an impressive 69% share valued at approximately $159.5 billion. Its closest competitor, Circle’s USD Coin (USDC), commands around 21% of the market, with $33 billion in circulation. The announcement also sparked a positive reaction in the price of Toncoin (TON), witnessing a 22% increase initially, although it quickly reverted to previous levels. Currently, TON is trading at $6.16, representing a 1.59% decline over the past 24 hours.

Source: cryptodaily.co.uk

The post $60 Million USDT Already Issued On TON, Great Start, Says CEO appeared first on HIPTHER Alerts.

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