Hilo: Decentralized Social Network For Cryptocurrency Traders?
What Is Hilo?
Hilo is an upcoming social media site geared toward the cryptocurrency community. It aims to be a platform for anybody with an interest in cryptocurrencies to come together to interact with each other, share information, and enhance their knowledge of cryptocurrency.
Who Is Behind Hilo?
The Hilo website provides little information about the startup aside from the names and pictures of the company’s prominent employees, advisors, and investors. Of course, that does provide us with a starting point to learn more. The website also contains a link to a LinkedIn page that tells us that Hilo is based in San Francisco.
The LinkedIn page also provides a brief description of Hilo, calling it the “only social dashboard that lets you follow along and invest in Bitcoin and other cryptocurrencies with friends and influencers.”
The founder of Hilo is a woman named Monica Puchner. Prior to Hilo, she served as the Vice President of Business Development for a company called CleverTap. Also, since 2012 she has worked as a consultant in San Francisco for startups in a number of industries, including those related to blockchain and cryptocurrencies.
While not listed as such on the Hilo website, her LinkedIn page lists a woman named Brit Morgan as the co-founder and COO of Hilo. According to her LinkedIn profile, she graduated from San Francisco State University with degrees in psychology and marketing. She also has work experience with a number of different companies as a consultant, strategies, and director of marketing.
The Hilo Roadmap
Hilo is yet to officially launch. However, the company’s website does show a roadmap of its future plans. The outline is fairly rough with no specific timeline or detailed descriptions. Nevertheless, it outlines three steps and vaguely mentions of progress that will be made at each step.
- Social Graph
- Integrated Exchanges
- HILO Token Integration
- Wallet Integration
- Influencer Subscriptions
- IOS & Android
- Fantasy Crypto
Hilo Social Network For Cryptocurrency Traders Features
The Hilo website is slightly more specific with regard to the features the social platform will offer, touting itself as “the social dashboard that lets you keep up with cryptocurrencies, friends, and influencers.” The six features specifically mentioned are as follows:
- Watch Your Assets in Real-time – lookup your crypto assets on a single dashboard that updates in real time.
- Find Your Tribe – create private groups with other users where you can share tips and other information in a safe and secure way.
- Get To Know Crypto – Access a newsfeed and play games in order to learn about cryptocurrencies and get frequent updates on the crypto market.
- Track Your Trades – Access a comprehensive dashboard with information about all the trades you’ve made, helping you to track and analyze each one.
- Learn From the Pros – Keep tabs on crypto influencers so you can see what trades they make.
- Stay Up on Alerts – Receive notifications about token events, changes in the prices of various cryptocurrencies, and other news related to the crypto community.
Hilo Pros & Cons
The potential benefits of Hilo should be obvious. If the company fulfills its mission, Hilo will be a platform that shares any and all pertinent news and information about the crypto ecosystem. It could conceivably make it easy to track crypto investments and seek out advice on potential investments. Hilo could also serve as a platform for meeting and interacting with other crypto enthusiasts.
The downside of Hilo is that it is yet to officially launch, so while it sounds great in theory, there’s no guarantee it will function well in practice. Hilo is also an idea that will require a large volume of users in order to be successful, and getting a large number of people on-board with the idea is easier said than done. At this point, potential users can only sign up to join a waitlist, meaning Hilo is a long way away from being a success.
If you have any kind of interest in cryptocurrencies, Hilo may be right for you. The platform is designed to appeal to both beginners and experts and everyone in between. The ultimate goal for Hilo is to provide a place for tips, data, news, and opinions to be shared among everyone in the crypto community. If you consider yourself part of the cryptocurrency community, you may want to consider joining Hilo.