KuCoin Wallet, a popular decentralized wallet for Web3 users, has officially announced its rebranding as Halo Wallet and its spin-off from the KuCoin Exchange Group. The new name and branding will reflect the company’s expanded focus on the SocialFi ecosystem and decentralized autonomous organizations (DAOs).
Halo Wallet has received its first financing round from KuCoin Ventures, IDG, HashKey Capital, and other Web3 strategic partners worldwide. The wallet currently has over 1 million users and will continue to explore the rapidly expanding space of social finance.
The rebranding comes as the Web3 wallet space evolves and expands beyond asset management services. Halo Wallet aims to provide users with a comprehensive social platform that will allow them to identify high-quality investment targets and engage with opinion leaders and professional investors across various sectors.
The company plans to integrate a variety of on-chain and off-chain social media protocols to create a true Web3 DID, further engaging with popular influencers.
It also plans to gradually hand over the governance rights of its SocialFi ecosystem to the community, using the DAO governance model to encourage more creators and users to explore trading opportunities and innovate financial models.
KuCoin’s Cloud Mining Recruitment
In other related news, KuCoin has launched a recruitment program in collaboration with KuCoin Pool for cloud mining partners. This program seeks to locate the most skilled and motivated individuals in the Bitcoin mining industry to become members of the exchange’s exclusive club and make substantial strides in cryptocurrency mining.
Candidates must be eligible for the program and satisfy strict requirements, including dependable and compliant electricity resources, mining machine uptime of over 95%, a BTC hashrate of over 200 PH/s, a comprehensive mining farm monitoring system, and a professional O&M team.
Qualified applicants who become KuCoin Pool cloud mining partners will gain access to the exchange’s ecosystem services and VIP benefits based on their daily hashrate contribution.
Additionally, due to regulatory concerns, KuCoin’s Head of Business Development has recently addressed the rumors and FUD surrounding the exchange’s alleged bankruptcy and insolvency.
He stated that KuCoin had been targeted by rumors most of the time in the past few months, but all those rumors have already been proven wrong. The company takes rumors seriously but is not afraid of them.
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