Halo, an AI-focused social monetization platform, has recently announced an exclusive strategy to innovate its native token $HLO. As per Halo, the platform is going to improving token burn, buyback fund, and IDO allocations to boost its long-term stability. The platform disclosed this development on its official social account on X.
Halo Discloses Cutting-Edge Updates to Fuel $HLO’s Growth
Halo mentioned that the latest updates focus on increasing the growth of the platform with the inclusion of new updates. In this respect, the platform intends to pay significant attention to its community and tokenomics. It asserted that the updates include the burn of twenty percent of the total circulating supply of $HLO. This development would potentially contribute to enhance the value of the $HLO token to a great extent.
Updates Include Token Burn, IDO Allocations, and Buybacks
In addition to this, Halo is also planning a buyback fund to support the further advancement of its ecosystem. For this purpose, it is allocating a $1.5M amount to solidify its overall position. The respective endeavor will raise the demand for the $HLO token in the market. Apart from that, Halo is also going to decrease IDO allocations.
Particularly, it is reducing the initial decentralized offering allocations to 200,000 tokens. This would guarantee a relatively streamlined process for token distribution. Along with that, Halo also focuses on locking 40% of the initial investor allocation into staking. With this, it promotes long-term commitment as well as decreases instant selling pressure. Moreover, these updates will also create an additional buying power of $1.5M.
Advancements Prioritize Community and Long-Term Performance of $HLO
By implementing the aforementioned updates, Halo aims to contribute to the further growth of $HLO. These advancements attempt to increase interest among the community with the provision of a sustainable development. The development underscores Halo’s endeavors to strengthen the $HLO token’s long-term performance and stability.
