Crypto Wizards AMA With Halo Network
Guest : Yuki, Halo Labs
Introduction
1. Could you Guys please provide a quick self-introduction for the community?
Ans- Hi I’m Yuki from Halo labs. I’m working in this industry about 5 years’ time. With my expertise in the fields of Bitcoin or Blockchain based technology, associating with the different African Governments in order to secure the pilot projects for public infrastructure development.
2. Can you briefly introduce the project Halo Network what are some of utlities of $HOR ? How do you think you stand out among the competitors if there are any?
Ans- The platform token is HO and HOR is sub-token
We call it Halo Reward Token..
The HALO Network has revolutionized and made major innovations in the consensus mechanism, Smart Contract, and the HALO HUB in the base layer. The improvement in the base layer allows the system to be better, more efficient and achieve low-cost transaction structure for all traditional financial tools when integrated with the HALO Network. The HALO Network has created an integrated suite of DEFI’s tools at the application level and related supporting tools to integrate all traditional financial tools on the platform.
HOR the value is 1USDT=1HOR and can use for yield farming in next month…
3. Can you share the achievements the team has made so far ? what are the major achievement target Halo Network is yet to achieve . If possible also share your roadmap.
Ans- The main track of Halo Network is the mainnet. The six major contracts of the contract part together constitute the early application of defi ecology of Halo Network.
Now is our first stage ..Genesis Event ..There was total 3636990.92 HO minted
The next month we will launch the cross chain swap ..
4) Could you share a bit about security and also what benefits you provide to incentivize user’s choosing your blockchain
Ans- We have submitted our project to 3 famous audit company .The result will come out soon.
HALO Network has been conceptualized, developed, and tested to innovate on the current DeFi system, to provide revolutionary approach on the traditional financial tools; solving the bottleneck issues of the current DeFi’s development and pushing for open markets without any centralized authorities who can block payment or deny access; seamlessly in the DeFi blockchain system.
There’s a good news is Halo Network Receives a Strategic Investment of USD 10 Million from Ace Peak Capital
They will help us to build our ecosystem ..
https://finance.yahoo.com/news/halo-network-receives-strategic-investment-020400103.html
5.Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution
Ans- The total circulation of HO is 21million
The first 10 millions can be minted during Genesis event and others can get from yield farming
Twitter Q&A
Ans- Halo Infinite Financial System (HALO Network) is an efficient blockchain network system.
Users or developers can use HALO Network for storage or trading. To make HALO Network globally accessible and adoptable, users will be compensated with attractive benefits for any such as financial, technological, social, regulatory, and political risks.
Ans - Yes ..You can ..all the users can join Halo Genesis event ..Just use ETH to committed to HO ..
⚡️ HALO Genesis Event Status Update - Day 34
♦️ Current rate: 1 ETH : 267.88 HO
♦️ Minted: 3,632,990.92 HO
♦️ Destroyed: 1,560,000 HO
♦️ Circulating Supply: 2,072,990.92 HO
♦️ Price: 7.91 USD per HO
♦️ Price change: 🔻1.00 USD
🗓 as of 05.23.2021, 8:00 PM UTC+8
👉 How to Participate in the HALO Genesis Event: https://link.medium.com/ZI15woPZigb
Ans- The core value of the Halo Network is to seamlessly connect the traditional financial instruments to the blockchain system, unifying decentralized transactions at all levels
The HALO Network has revolutionized and made major innovations in the consensus mechanism, Smart Contract and the HALO HUB in the base layer. The improvement in the base layer allows the system to be better, more efficient and achieve low-cost transaction structure for all traditional financial tools when integrated with the HALO Network. The HALO Network has created an integrated suite of DEFI’s tools at the application level and related supporting tools to integrate all traditional financial tools on the platform.
Ans- Currently we have about 10K followers in our telegram group and we launched MOON Mission and Ambassadors program to build bigger and stronger community ..The Moon mission is we will cooperate with 100 communities to do the AMA and other activities if they wish ..For example. Airdrop.
The Ambassadors is one of the most important goals of our project. It helps to build reputation and brand for our project .
Ans- The HALO Network has created an integrated suite of DEFI’s tools at the application level and related supporting tools to integrate all traditional financial tools on the platform.
HALO Network is the blockchain system designed primarily for decentralized finance. The nature of financial applications is that they need to be efficient, low cost, secure, stable, and scalable.
HALO HUB is a cross-chain contract among nodes. The multichain architecture of HALO Network is designed to meet application requirements and provide more likelihood. The HALO Network will complete cross-chain contracts with the mainstream blockchain system in the market. It will implement the cross-chain contract with Ethereum first, and gradually realize the cross-chain contract with other blockchain systems.
Live Q&A
1.Binance smart Chain blockchain is having high transaction speed and cheap gas fees, Are you planning to launch your mainet or switch to other blockchains in the future?
Ans- We will build the ecosystem ourselves..For example we will have our HO pools and Halo DEX.
The HALO Decentralized Exchange (HOSWAP) is developed based on the dual model mechanism of HMM (node market maker) and AMM (automated market maker). Both of which fully realize decentralized transaction on the chain and interact with each other to make transaction price closer to the actual price.
2. 🙋♀️. At this moment, which one the most Necessary for your project:
1. Investors
2. Community
3. Market/Exchange
and why??
Ans- We need both investors and community ...I both of them build the central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set.
3. Which projects are your closest competitors? For example,Do you accept Uniswap,Curve or Balancer as your competitors? How will you take to the next level?
Ans- I think is sloana ...We are the similar track
But we have some revolutionized and made major innovations in the base layer I mentioned before
4.What is HALO Genesis Event Status?
Ans- The status updated daily ..
I shared before ..U can check in our telegram group or twitter .