International live-streaming and social-cryto platform, Hello Pal International (OTCMKTS:HLLPF) on 19th July, 2021, has come out with an update on its Crypto Pal app as well as Litecoin and Dogecoin mining operations.
It is estimated that just a third of the firm’s miners are functioning in different locations through clean renewable hydropower. The firm will be scaling up mining operations both in China as well as other locations. Gross profit on mining operations is 73%. This app has been developed in Hangzhou and will be launched in the coming months. This will be an individual app serving livestreaming service as well as Hello Pal Platform.
The firm will permit users to earn Dogecoin as well as other currencies through various activities on app augmenting user-to-user interaction and user retention. Crypto Pal is anticipated to provide opportunity for users to participate in crypto mining but it will significantly depend on the mining regulations globally.
Adega Zhou, President of the firm, said that it is excited with the unique opportunity for integrating crypto with its international community through its upcoming launch. Zhou added that the ability to transfer value across borders in an efficient way benefitting users and the platform. The firm is also aiming to reintroduce Language Pal later this year.
Market Reaction:
As of 10:22, HLLPF stock fell 12% at $0.4755 with more than 234k shares, compared to its average volume of 632K shares. The stock had moved within a range of $0.4719 – 0.5637after opening the trade at $0.4892. Over the past 52-week, the stock has been trading within a range of $0.0300 – 1.8500.
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