A few days ago, Halo’s Initial Coin Offering (ICO) came to an end.
Its token sale lasted only two days, 2 and 3 March 2023, and in total 500 million HALO tokens were created.
In addition, to reward supporters of the project, 10 million of these tokens will be released for free for 14 days, from 6 to 19 March.
HALO NFT
Halo NFT is a project supported by the famous crypto exchange KuCoin, and is based on NFTs and metaverse.
Its eponymous token, HALO, was issued on the BNB Smart Chain (BSC).
The project’s official website says that Halo creates value in interaction with the real world through the original economic system and brand effect.
Users can enter its metaverse through virtual characters, not consisting merely of a static image, but a “new life” that connects with reality.
It also reads that Halo will work with the community to govern the project’s trade routes and commercial events so that favorite virtual female characters will gain more commercial value.
The project is based on the HALO protocol, which is a 3D visual and interactive credential identity service specifically designed for natives of the Web 3.0 metaverse.
The protocol allows users to manage and control their own identities and digital images of the metaverse, freely, easily and without intermediaries.
Such unique identities are NFTs that precisely guarantee uniqueness at all levels.
Halo has 4 levels, and is based on the DID Paradigm Standard, the HALO Oracle System Protocol with its API, the protocol credentialing system, and finally the interactive NFTs.
The first level, the basic level, consists of identifiers and standards, on which the second level, the infrastructure level, is nested. The third is credentials, and the last is dedicated to applications, wallets, and products.
The price of HALO during and after the Initial Coin Offering
During the token sale of the Initial Coin Offering, the selling price was $0.02.
The ICO ended on Friday, 3 March, and today the token was listed on KuCoin.
In just the first minute of trading, the price jumped from $0.02 to $2.00, an almost instantaneous gain of 9,900%.
A few minutes later it also touched $2.68, but at that point it began to fall.
Within about ten minutes it was below $0.4, which is probably the true initial market value net of excessive volatility in the very first few minutes.
Taking this as a point of reference, it is possible to say that net of the exaggerated, and in some ways absurd, movements of the very first few reasons, the KuCoin landing made a 1,900% gain on the ICO price.
To be fair, however, in the following hours the price then fell, although it still had a couple of minor spikes, such that it then apparently stabilized around 0.35%.
So after a blazing start, which was certainly excessive, a virtually immediate descent began, which nonetheless brought the price to a level 1,650% above the initial token sale price in a few hours.
In addition to KuCoin, HALO is also tradable on Bitget and PancakeSwap.
It is worth noting that on Bitget the price is in line with that of KuCoin, while on PancakeSwap it is still significantly higher.
However, it should be mentioned that trading volumes on the famous DEX on BSC chain are laughable, just over $5,000. In contrast on KuCoin it has already surpassed $2.5 million, within hours, while on Bitget it has exceeded $1.6 million.
In other words, this is a real debut with a bang, although price aggregators are giving it at a loss due to the fact that they do not take into account the initial price of the token sale.
