Halo Platform, found online at HaloPlatform.tech, is a trading and investing platform built around cryptocurrency. Find out how it works today in our review.
What Is Halo?
Halo describes itself as “the most comprehensive cryptocurrency platform supported by Halo Coin and the Halo Network.”
The platform functions as a trading hub with an easy UI. You can customize your dashboard with different modules to facilitate day-to-day trading.
Other key features of the platform include the ability to track your positions, get SMS alerts, check annualized ROI from holding, track off-chain assets in your balance, and view the overall value of your portfolio in BTC and other base currencies.
The Halo ICO is scheduled for September 25 to October 16.
One of the unique things about Halo is that has zero transaction fees. When you send 1 HALO, the person will receive one HALO.
Halo is essentially a trading dashboard. Here are some of the core features of the platform:
Halo Token Hub: Halo aims to create a new standard for ICO creation. They plan to support ICO launches with escrow funding, community consensus, and quality control. Basically, they want to verify ICOs to help investors ensure they’re participating in legitimate investment opportunities.
Business Tools: Halo’s business tools will include the ability to send or receive payments in cryptocurrencies. The company will also allow users to create checkout buttons for their storefront.
Halo Debit Card: Halo will introduce a debit card that allows users to access their crypto funds anywhere traditional payment cards are accepted.
Marketplace: The Halo marketplace features products and services where users can spend their cryptocurrency tokens.
Halo Dashboard: The Halo dashboard will function as the central control for a user’s account. It’s a key part of how Halo wants to be a smart, decentralized control exchange (DCE) hub.
Portfolio: Halo wants to help traders manage their portfolio more efficiently. The Halo Portfolio will allow users to quickly ascertain current positions and holdings.
Wallet Integrations: The Halo Wallet will be designed as the user’s one stop multi-wallet control hub. Users can import and control only the wallets and accounts they desire. It will link to other wallets, providing a single interface with which you can interact with your wallet.
Halo Exchange: Halo claims its exchange has “been carefully architected with the help of top AWS engineers, for a carefully load-balanced trading and platform experience.”
How Does Halo Work?
Halo has a PoW / VDTB hybrid mining system. Halo Miners create the Proof of Work (PoW) blocks in the Halo ecosystem. These blocks are minted by the mining network and will occur every four minutes.
Halo Masternodes, meanwhile, are tiered processing hubs for Halo platform transactions. The Variable Demand Transactional Blocks process blocks at variable times based on network traffic. There are four tiers in the system.
There’s a block reward of 75 HALO tokens. The block time is 4 minutes for minting and transaction processing. Mining is performed on-demand by the VDTB system. The block reward is reduced by 25% every 24 months.
Together this mining rewards system leads to zero transaction fees – a feature we don’t see in any other major blockchain.
The Halo Token ICO
There’s a total supply of 1 million Halo tokens. The token sale is scheduled for September 25 to October 16, 2017.
There will be an initial coin supply of 1 million tokens. Based on the mining system above, however, the supply of coins is expected to increase to 1,810,000 after one month, 10,720,000 after one year, 20,440,000 after two years, and 35,020,000 after four years.
Halo is an ambitious cryptocurrency management platform that aims to allow users to integrate multiple wallets into a single interface, control their cryptocurrency portfolio from a single dashboard, and allow businesses to accept cryptocurrencies through an online shopping portal.
You can learn more about the Halo Platform and the project’s ongoing ICO by visiting HaloPlatform.tech today.