The blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Moving on to today's proposed topic... The current financial system is strongly centralized and serves mainly the interests of a few major players. These are the banks and financial companies that we see today at an international level, which have a personal interest in maintaining their status quo. The rent-seeking behavior of these hugely inefficient and largely stagnant corporate structures has become toxic to the success and opportunities of almost everyone else in the world. Therefore, it is necessary to eliminate the high tariffs and costly barriers to entry by eliminating the services of third-party intermediaries, reducing waiting times in transactions, creating self-service and unlimited taxation, and eliminating the complicated paperwork and bureaucracy. So, the first task to do is to create a single, consolidated place for people to gather, discuss, and process crypto-asset information. For this reason, I want to introduce you Hilo, the new Tela Network Foundation project based on the blockchain that aims to avoid all the problems explained above by creating a new interactive community that socially aggregates crypto-asset knowledge platform that will connect you with others and bring information about whole crypto world.
As I said before, Hilo (https://hilo.io/) is a social network for enthusiasts and newcomers of cryptocurrency where you can research, follow and interact with friends and influencers. The main objective is to create an inclusive cryptographic community that synthesizes information, news, public opinion and supports people to learn about the future of money.
| Main characteristics of Hilo | Description | Image |
|---|---|---|
| Monitor your assets in real time | View and study all your assets in a social control panel in real time |  |
| Know crypto | Learn about cryptocurrencies through games and stay up to date on the market in your news feed |  |
| Learn from professionals | Follow the merchants and influencers and monitor their movements |  |
| Stay on top of alerts | Receive notifications about comments, price changes and symbolic events |  |
Benefits
The most important benefits and advantages offered by Hilo are:
- Allow users to pay for access to people
- The user's data is the property of the users, not the platform
- It makes it easy for the user to control other users' access to their watch lists, asset assignments, direct message replies, fancy cryptography assignments and private groups.
- The platform does not have access to user data, which guarantees your privacy.
- Users reward each other for the great content
- Users significantly control the governance of the platform
- International exchange and transaction rates would make these minimum value exchanges for granular data impracticable.
- It facilitates a positive experience of the platform through the monetization and micro-incentivation of the user's desirable behavior.
Bounty program
Going into a little more detail about the airdrop, the project gives the opportunity to earn HILO tokens performing some social media tasks and doing simple steps from the bounty program explained into Bitcointalk webpage. Here (https://bitcointalk.org/index.php?topic=4502391.0) you can access to the link in order to see what are the conditions to become an early HILO contributor and start acquiring tokens. They send your earn tokens within two weeks.
Doesn't that sound interesting? If you are, you can read their whitepaper here (https://hilo.io/assets/whitepaper.pdf) and you can also stay tuned in their official Telegram group (https://t.me/HiloCrypto). I hope you liked the post and soon I'll send you new ones.
Roadmap
| v0.1 | v0.2 | v0.3 |
|---|---|---|
| Social Graph Portfolio Integrated Exchanges Discover | HILO Token Integration Wallet Integration Influencer Subscriptions Messaging | IOS & Android Leaderboards Fantasy Crypto |
 |  |  |
Token details
HILO will perform many important functions within the Hilo Platform. Most importantly, this is expected to include allowing users to control other users' access to their watch lists, asset assignments, direct message replies, fancy cryptography assignments and private groups. The HILO tokens will allow tokens' holders to vote on certain governance issues of the platform, mainly aspects of the economy of the tokens.
Token: HILO
Platform: Ethereum
Type: ERC-20
Partners
Author Details
Telegram username: @clauming
Bounty0x username: adriaparcerisas
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71