CRYPTO MINING SERVICE IN A LIVE STREAMING APP: Consider the Possibilities!
TikTok’s immense popularity has demonstrated how popular live streaming is to young users of the Millennial and Generation Z demographics. Imagine leveraging the live streaming trend while also offering crypto mining services – yet another hyper-growth market in 2021.
We’re talking about professionally run mining facilities with first-class security and competitively priced electricity, all within a platform that’s already popular for its live streaming and translation services (over 15,000 active live streamers and viewers have been online daily from October 2020 to the present).
It’s a groundbreaking combination of revenue stream opportunities, and you just don’t see companies making the connection between live streaming and the blockchain – except for one company that’s redefining social media for the age of crypto.
Just consider the revenue growth possibilities if a company could effectively leverage these markets. Actually, there is one company called Hello Pal (CSE: HP, US: HLLPF) that’s already generating powerful revenues from multiple market segments in China.
To sum it up, the Hello Pal platform is a proprietary suite of mobile applications built on a user-friendly messaging interface that focuses on social interaction, language learning, and travel. Hello Pal’s core features encourage global social interactivity among people with similar interests and remain popular among the platform’s 5.5 million registered users from over 200 countries and regions.
Exceeding the five million user mark is a major milestone for Hello Pal that represents an industry-standard benchmark of success. Furthermore, Hello Pal is adaptable for the 5G platform and offers enhanced monetization possibilities, thereby making it attractive to larger companies for a merger or acquisition.
Here’s where the rubber meets the road: Hello Pal is currently making a big-time move into the highly lucrative cryptocurrency mining space.
In a fresh press release, Hello Pal announced that it has entered into a purchase agreement with a company controlled by Shanghai Yitang Data Technology Co. to acquire an initial 51% interest in 12,500 mining rigs dedicated to mining Dogecoin and Litecoin.
Plus, Hello Pal has an option to increase its interest to 100% of the mining rigs. The mining assets provide a combined hash rate of 6.25 TH/s, which is incredibly powerful since it amounts to 2.1% of the entire current Litecoin network hash rate.
“With the signing of the definitive agreement with Yitang, we have taken the next step towards having cryptocurrency as an integral part of Hello Pal,” said KL Wong.
It’s also a giant step towards even greater revenue growth for Hello Pal as the crypto movement takes hold in China and elsewhere.
This year, the most successful businesses are leveraging China’s high-tech economy in multiple segments. Right now, Hello Pal’s penetrating the market and capturing the moment.
This is a company to watch, in time when social media is changing quickly and investors can seize the moment. The potential for consistent revenue streams is tremendous as Hello Pal is at the cusp of a revolution in crypto mining, 5G, live streaming, and China’s fast-emerging economy.
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On March eighth twenty twenty one, in connection with our agreement with Hello Pal International Inc., we received USD three hundred thousand dollars, from Hello Pal International Inc. We currently do not own shares but plan to purchase shares at a later date.