hi Launches hi Dollar Token to Build Services for Mass Adoption
Fast-growing crypto mobile app hi has launched its own native token.
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The not-for-profit financial services platform’s token has launched on the Ethereum blockchain.
hi Launches Native Token
hi, a not-for-profit fintech bridging the divide between traditional fintech and crypto, has announced the launch of the hi Dollar (HI)—the platform’s native membership and utility token—as its membership base surpasses 650,000 in less than three months of operation.
Membership and Utility Token: The hi Dollar entitles members to benefit from a growing number of financial services provided by hi. With roughly 4 billion smartphones worldwide, hi provides its services initially through some of the world’s most popular social media messengers—hi is already on most phones. Members will earn great rates, send funds, make payments, and exchange both traditional currencies and cryptocurrencies with no added fees and no markups. hi recently launched its web app and will soon release a mobile app. Further, the latest update to the hi Whitepaper shares additional details on hi’s blockchain, the hi Protocol.
Weekly Minting: HI is based on the Ethereum blockchain (ERC-20) with weekly minting to match the growth in the hi membership base. Initial minting of 351 million tokens will be distributed to members and contributors thus and fund corporate wallets as detailed in the hi Whitepaper to develop the hi ecosystem of services.
Token Sale—Options with Daily Release: HI tokens will be sold with options for 1 or 4 years of lockup with a proportional, daily release of tokens. Purchased tokens will be deposited into the member’s Vault. Shortly after token generation, withdrawals will be enabled on the hi platform, in any case, no later than Aug. 10.
Sean Rach, the co-founder of hi, said of the update:
“We have been overwhelmed by the enthusiastic response to hi and our roadmap from our growing community. This token launch enables members to participate directly in the development of our services as we build them including the hi Protocol. We’re dedicated to the mission of driving mass adoption and a fairer financial system. This is just the beginning of a journey where we will address real needs many have with the traditional financial system and strive to make the user experience as simple as possible. All the while acting in a secure and compliant way. The hi Dollar enables us to build a radically different, community-based and not-for-profit structure that is unlike anything else seen both in crypto and fintech.”
Proven Team and Blue Chip Backing: hi is composed of a team from leading crypto and tech companies such as Bitcoin.com, Crypto.com, Tencent, and Alibaba, as well as financial services firms such as JPMorgan, Morgan Stanley, and GLG. Recently, hi announced investments from Longling Capital, Hashed, and HashKey.
Rapid Development of Platform Underway: Details of hi services, hi Dollars, rewards, the hi Protocol, a robust roadmap, and a whitepaper which details the phased development of the hi platform are provided at hi.com.
Notes: Persons domiciled in or purchasing from the United States of America are excluded from participating, either directly or indirectly, in this Token Sale
Purchasing, holding, or using cryptographic tokens carries significant potential financial, regulatory, and other risks, including the potential loss of the entire value of Payment.
The availability of the products and services of hi are subject to jurisdictional limitations. hi may not offer certain products, features, and/or services in certain jurisdictions due to potential or actual regulatory restrictions.
hi is leveraging blockchain technology to build services that are community-powered. Members of hi are the key stakeholders of this ecosystem and the business is committed to maximizing membership value—not profits. Our first product is a digital wallet that provides members with the most seamless payment experience via social messengers (initially Telegram and WhatsApp, next LINE, Facebook Messenger, and others).
Learn more and get hi at hi.com.
For more information, contact Sam Christian ([email protected]).