Halo ($HLO) Addresses IDO KYC Issues with Compensation Plan
Halo ($HLO) Addresses IDO KYC Issues with Compensation Plan
🤔 KYC Drama Gets Sweet Revenge
The $HLO Initial DEX Offering (IDO) on eesee.io faced KYC verification challenges, resulting in some users being unable to participate due to overwhelming demand and limited allocations.
Key updates:
- Token sale completely sold out
- New IDO round not possible due to upcoming listing
- Compensation plan in development for affected users
- Impacted users to receive whitelist access to future MovementLabs initiative
The team acknowledges these issues and is working on an exclusive opportunity for affected community members. Details of the compensation initiative will be announced soon.
🚨 The $HLO IDO Whitelist Round is LIVE on @eesee_io ! 🚨 For all our whitelisted Haloers, it’s time to secure your allocation! 🎯 ⏳ Don’t miss this opportunity to be part of the $HLO revolution. ➡️eesee.io/explore/launch…
Halo Social Announces Business Adjustment and Operational Changes
Halo Social, a Web3 platform focused on SocialFi and universal basic income, has announced significant adjustments to their business operations. The company is entering a new phase and will be making operational changes. - Announcement made via official Medium blog - Company expresses gratitude to supporters - Changes follow recent completion of hiring round in December For detailed information about the business adjustment, visit [Halo's official announcement](https://medium.com/@HaloDotSocial/announcement-of-halo-business-adjustment-1225b77dd664)
Halo Announces Major Restructuring and Pivot to AI Content Recommendation
Halo is undergoing significant restructuring due to cash flow issues caused by excessive $HLO buybacks and team expenses. Key changes include: - Company entering bankruptcy restructuring - Abandoning wallet and SocialFi focus - Pivoting to decentralized AI content recommendation - CEO @pioneer_jeff stepping down - 50% of token allocation to be airdropped to existing $HLO holders The new direction focuses on building a unified AI recommendation engine for text, images, and videos. Board members will manage operations until a new CEO is appointed. The company is actively recruiting AI and crypto technical experts.
Halo Completes 1.63M $HLO Special Buyback
Halo has completed its promised 1.63M $HLO buyback following a recent exploit. 169 addresses that didn't return claimed tokens have been blacklisted from mining activities and will have their pending rewards confiscated. Supporters who returned 470K $HLO will receive a 20% bonus in the next token unlock. These returned tokens will be added to the staking pool as rewards. The buyback transaction has been verified on BSCscan: [View Transaction](https://bscscan.com/tx/0x769141632c3e03626d83c8247027bba5f98f906d93ca53a022d2c0e6590b930f)
Safe Multisig Maintenance Affects Staking Services
**Temporary Service Interruption Notice** Due to ongoing system maintenance by Safe, the treasury multisig account is temporarily inaccessible. Key points: - All assets remain secure in custody - Staking services temporarily paused - Rewards distribution will resume after restoration *Previous maintenance in December 2024 involved:* - Polynetwork & Axelar upgrades - Affected tokens: NEX, GMX, WBNB, BLUR - Funds secured in MultiSig wallet Service will resume automatically once Safe completes maintenance.