KuCoin has announced that its KuCoin Wallet is officially rebranding as Halo Wallet. According to the global crypto exchange, Halo Wallet will now run in an independent manner having been officially spunned off from the KuCoin Group.
This rebrand marks the expansion from the Web3 wallet to the broader SocialFi ecosystem as Halo Wallet leads the next wave of industry development and focuses on recruiting top talents in the Web3 space.
Since its launch in June 2022, KuCoin Wallet has made remarkable strides in the decentralized wallet space. It has provided comprehensive coverage for mobile and PC, added support for tens of thousands of token and NFT assets, launched services such as native cross-chain swaps and staking, and reached over 1 million users.
But with the explosion of investment opportunities in DeFi, NFTs, GameFi, and other sectors, wallet tools that only provide asset management services are no longer sufficient to give users the benefits of Web3. Halo Wallet helps filter valuable and consensus investment information from massive amounts of on-chain data. Based on your risk preference, Halo Wallet will recommend investment portfolios to help you increase returns and hedge risks.
Halo Wallet is committed to allowing ordinary users to break through the media noise and identify high-quality investment targets. By following the smart wallets, opinion leaders, and professional investors across various sectors, Halo Wallet users can learn about trading strategies, understand the latest market trends, and improve the quality of their investment decisions.
Halo Wallet will also integrate a variety of on-chain and off-chain social media protocols (such as Lens and Twitter) to create a true Web3 DID, and further engage with popular influencers.
Halo Wallet plans to gradually hand over governance rights of its SocialFi ecosystem to the community. The DAO governance model will encourage more creators and users to explore trading opportunities and innovate financial models, creating the most active SocialFi ecosystem in the world.
Jeff, the Head of Halo Wallet, noted that “Decentralized wallets are the most important user portal for Web3. The rebranded Halo Wallet provides enriched social functions, helps users shape their social identity in a comprehensive manner, enables the discovery of high-quality information and opportunities from social networks, and enables users to enjoy the benefits of Web3.”
