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Hello Pal International Inc. (HLLPF) is a provider of international live-streaming, language learning, and social-crypto platform. The company's livestreaming services generated 95% of its total revenue in fiscal 2022, and cryptocurrency mining operations are running at 75% capacity. Recent regulatory changes in China have impacted the company's revenue stream, leading to the termination of its livestreaming business in China. However, overseas operations remain stable. Hello Pal's mission is to bring the world closer through social interaction, language learning, and travel.
Hello Pal International (OTC: HLLPF) has announced significant changes to its business operations. The company has suspended its overseas livestreaming operations due to payment collection issues in Middle East markets, particularly Egypt, citing regional conflicts and tightening banking controls that have made the business unprofitable. The Hello Pal app has been temporarily suspended while exploring future relaunch options.
The company's cryptomining operations continue to mine Dogecoin (DOGE) and Litecoin (LTC), benefiting from recent crypto market surges. Hello Pal is actively trading these cryptocurrencies to increase holdings and hedge against price fluctuations. Following these developments, the company has laid off most livestreaming-related staff and plans to focus primarily on cryptomining in the short term due to global economic conditions.
Hello Pal International Inc. announces the upcoming full launch of its one-on-one video chat platform, DoggeChat, on July 6. Following a successful soft launch on May 6, the app has attracted over 76,000 registered users, with 6,000-8,000 daily active users and approximately 18,000 minutes of live chat daily. The company plans to implement a comprehensive marketing strategy alongside final adjustments to enhance user experience. DoggeChat aims to integrate cryptocurrency payments in the future.
Hello Pal International Inc. reported significant achievements in overseas livestreaming as of April 28, 2022. The company has successfully expanded its user base to over 50,000 live streamers across the UAE, Saudi Arabia, Egypt, and Bahrain, exceeding metrics in China. Key metrics show nearly double engagement overseas, with livestreaming hours reaching 2000-2500 daily compared to 1000-1200 in China. Moving forward, Hello Pal plans to extend its operations to neighboring Middle Eastern countries and Southeast Asia, anticipating further growth through the launch of new apps, DoggeChat and DogeChat.
Hello Pal International has announced the soft launch of DoggeChat, a 1-on-1 video chatting app aimed at the North American market. This app allows users to connect globally for video calls, with free calls available under certain conditions and options for paid and subscription features. The soft launch is invite-only to identify and rectify potential issues ahead of a full rollout in the following weeks, alongside the planned launch of a cryptocurrency-based app, DogeChat.
Hello Pal International Inc. has announced plans to launch two new 1-on-1 video chatting apps, DogeChat and DoggeChat, aimed at English-speaking markets, particularly in North America. DogeChat will enable payments using Dogecoin and other cryptocurrencies, while DoggeChat will use fiat currencies. The launch signifies Hello Pal's expansion into the video chat space and its strategy to integrate cryptocurrency into its services. The company expects these apps to synergize with its existing operations and attract new users.
Hello Pal International Inc. (CSE:HP OTC:HLLPF) has announced the start of its cryptocurrency mining operations in Australia, with 100 Bitmain Antminer L7 rigs now fully operational, mining Litecoin and Dogecoin. The L7 model offers a hashrate of 9500 MH/s, significantly improving efficiency and profit margins compared to the previous models. The Australian facility can expand to accommodate up to 20,000 mining rigs in total. Additionally, 75% of the rigs are owned by CPal Technology Limited, a subsidiary of Hello Pal.
Hello Pal International has announced the arrival of Antminer L7 mining rigs in the United States and Australia, aiming to resume Litecoin and Dogecoin mining operations shortly. A total of 400 mining rigs were purchased, with 100 located in Australia and 300 in the U.S. The first set of 100 miners is expected to start operations in Australia by the end of April 2022. The company anticipates that mining rewards will support its upcoming social and live-streaming projects.
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