Hello Pal International (CSE:HP | OTC:HLLPFCSE:HP | OTC:HLLPF) Combines Live Streaming and Now Becomes One of the Largest and First Publicly Traded Dogecoin Miner in the World

If someone told you a digital coin with the image of a Dogecoin is the sixth most valuable cryptocurrency in the world, would you believe them?

Now, you would have to. The coin that started as a joke with a picture from a dog meme has increased in value by 1400% in the last 12 months, and has gained popular status with business titans like Elon Musk and Mark Cuban tweeting about it and boosting the price.

This ‘coin of the people’ now has a market cap of about $45 billion!

Many believe Dogecoin could be the currency of the future, as it continues to move toward mainstream acceptance along with other cryptocurrencies.

Now, an acquisition in the crypto space by Hello Pal has given the company a key 51% stake in the Dogecoin and Litecoin miner Crypto Pal and is now the first publicly traded company ever to mine Dogecoin.

With the company’s latest acquisition, the 12,500 mining rigs Crypto Pal operates will accelerate its mission to connect people from around the world and open cryptocurrencies like Dogecoin to mainstream adoption. Hello Pal International (CSE:HP | OTC:HLLPFCSE:HP | OTC:HLLPF) is changing the game for business, and the global democratization of finance.

Doesn’t it seem like the cryptocurrency space is taking up all the bandwidth online?

Popular coins, price swings, and the growing share of cryptocurrency companies has driven coins like Bitcoin, Dogecoin, and Litecoin to new heights every single month – and it’s only the beginning.

With billionaires like the creating value for Dogecoin in a matter of days with some tweets, this space could be the next frontier for tech companies.

A couple of years ago, the hype was at all time highs, and it has remained there ever since.

With financial service companies investing in R&D on blockchain and crypto, and even automakers like Tesla taking $1.5 billion positions in Bitcoin, what was once a fad is now the bleeding edge of the fusion of tech and finance.

Companies like Hello Pal, a provider of international live-streaming, has brought crypto-mining to more people by launching the Crypto-Mining Initiative, giving users the ability to participate in cryptocurrency mining in a simple and convenient way.

8 Reasons Why We Love Hello Pal International (CSE:HP | OTC:HLLPFCSE:HP | OTC:HLLPF)

  1. Strong momentum of Record Monthly Revenue: Revenue increasing MoM from CAD$640,000 in April 2020 to CAD$2.82 million in June 2021, which marked the company’s 7th consecutive month with over $2 million in revenue
  2. First publicly listed entity focused on mining Dogecoin. Recently acquired a 51% stake in 12,5000 mining rigs dedicated to mining Dogecoin and Litecoin. Newly acquired mining assets provide a combined hash rate of 6.25 TH/s, which amounts to 2.1% of the entire current LTC network hash rate.
  3. Explosive growth of user base: currently over 5.7 million users from over 200 countries and regions
  4. Stable Cash Position: Positive cash flow now and had successful financing through private placement.
  5. Expansion imminent, backed by established successes from live streaming in China, with a strategic plan in place to move into future international markets.
  6. Major Initiative in the works with 1-on-1 video chat matching.
  7. Unique value propositions to draw more users e.g Built-in translation tool, socially-based design to find new friends, with filtering and matching abilities through VIP model, and Moments feature that’s comparable to popular features in other apps such as WeChat and Instagram.
  8. Strategic corporate alignment with strong ally Melot Group, a China-based company whose live streaming services serve over 170M registered users and over 200,000 livestream hosts. 

The Hello Pal International (CSE:HP | OTC:HLLPFCSE:HP | OTC:HLLPF) Platform is a proprietary suite of mobile applications built on a user-friendly live streaming video and messaging interface that focuses on social interaction, language learning and travel. 

Hello Pal has been designed from the ground up to be easy to use and gives users the freedom to speak in their own language regardless of the other person’s language they are speaking to. 

Hello Pal’s overriding mission is to bring the world closer together through social interaction, language learning, and travel.

But That’s Not All: Making Moves to Become a Crypto Powerhouse

Hello Pal first dipped its toes in the crypto market in February by strengthening its long-standing partnership with Shanghai Yitang Data Technology to offer its users the ability to participate in Bitcoin and Ethereum mining in a simple and convenient way. Yitang currently manages 35,000 mining machines spread across the North, North West and South East parts of China and has pre-existing contractual arrangements with mining machine vendors to acquire many more in the future.

This massive project will allow all Hello Pal users to mine both Bitcoin and Ethereum and add value to their crypto wallets on the platform. The mining results from this project will allow the company to demonstrate its capabilities and what they will get with a purchase. 

This news generated so much excitement among stakeholders that it resulted in an unprecedented surge in traffic of over 1000%, resulting in the Hello Pal website server being overloaded and causing a temporary outage – that’s how much people want in!

But the company didn’t stop there. 

In April, Hello Pal International (CSE:HP | OTC:HLLPFCSE:HP | OTC:HLLPF) inked another deal with Shanghai Yitang to acquire an initial 51% interest in 12,500 mining rigs dedicated to mining Dogecoin (DOGE) and Litecoin (LTC) with an option to increase such interest to 100%.

Hello Pal’s mining assets provide a combined hash rate of 6.25 TH/s, which amounts to 2.1% of the entire current LTC network hash rate. They also make the company the first publicly listed entity focused primarily on mining Dogecoin and one of the largest Dogecoin miners in the world! 

A month later, Hello Pal acquired 51% interest in Crypto Pal Technology at a low cost of $3.5 million, consisting of $1.5 million cash and 1,800,000 units.

And with its healthy balance sheet and record-breaking revenues, it’s likely that Hello Pal will continue growing its stake in the crypto mining space. Earlier this month, Hello Pal closed a brokered private placement with Canaccord Genuity for gross proceeds of C$7.25 million, which received strong investor demand thanks to Hello Pal’s bold entrance into the crypto market.

Even after acquiring 51% interest in Crypto Pal, Hello Pal has a strong balance sheet with over $7.4 million in cash, very minimal debt AND it continues to rake in record-breaking revenue every single month. 

This initiative marks a big move for Hello Pal, and an inflection point setting the tone going forward with cryptocurrency playing a major role on the live streaming platform. KL Wong, Founder and Chairman of Hello Pal International (CSE:HP | OTC:HLLPFCSE:HP | OTC:HLLPF) noted, “The recent activity and interest in cryptocurrency presents us with a unique opportunity to introduce cryptocurrency to our users, as well as to bring cryptocurrency users to our platform.”

That might end up being an understatement, as the popularity of cryptocurrencies and their widespread adoption and acceptance across demographics, age groups, and even financial institutions have all picked up. 

CompanySymbolMarket Cap (USD)Share Price (USD)# of Mining Rigs
Hello PalCSE:HP
OTC:HLLPF

$77.55M$0.5612,500
Riot BlockchainNASDAQ:RIOT$2.69B$34.0713,746
Marathon DigitalNASDAQ:MARA$2.45B$29.2912,084
HIVE BlockchainTSXV:HIVE
NASDAQ:HVBT
$793M$2.56~14,000
Hut 8 Mining TSX:HUT
NASDAQ:HUT
$709M$4.9814,400

In a world where power is critical, having the mining capacity and mining rigs available to supply the demand coming from users on your platform is a must. With more than double the current capacity of most of its main competitors, Hello Pal International (CSE:HP | OTC:HLLPFCSE:HP | OTC:HLLPF) is ready to meet the demands of its users for Dogecoin, Litecoin, Bitcoin and Ethereum through its new Crypto-Mining Initiative.

Competitors like Riot Blockchain (NASDAQ:RIOT) and Marathon Digital (NASDAQ:MARA) have half the capacity of Hello Pal’s new initiative, but share prices at levels more than 20 times the value! Hello Pal could be vastly undervalued based on those numbers, and with capacity for expansion and orders signed for more mining rigs, this could just be the start of massive moves for the company. 

Breaking the 5-Million-User Barrier

In the world of mobile apps and social media platforms, it’s important to recognize the significance of reaching 5.7 million users.

Popular social media app Instagram took nine months between October 2010 and June 2011 to hit the 5-million-user mark. It took another ten months for the company to hit 50 million users. By 2016, it had hit the 500 million users mark. Today, Instagram—which is owned by Facebook, Inc.—has over a billion users.

However, the 5-million-user mark is significant, and Hello Pal reached it after having only performed its worldwide rollout in August of 2019.

Since that time, the company has continued to rake in record-breaking revenues month after month with revenues over CAD$2 million for five consecutive months —with 100% organic revenue growth. 

What we believe we’re seeing is the start of a breakout story, as Hello Pal’s numbers are hovering right around the breakout threshold.

As user growth accelerates, so does the possibility of enhanced monetization ramp up. Crossing the 5 million user benchmark enables Hello Pal International (CSE:HP | OTC:HLLPFCSE:HP | OTC:HLLPF) to be examined more seriously among peers as comparables.

CompanySymbolMarket Cap (USD)Share Price (USD)Platform / App NameUser BaseMonthly
Revenue
Est. Rev./ user
Hello PalCSE:HP
OTC:HLLPF

$77.55M$0.56Hello Pal5.7M$2.82$0.40
JOYY Inc.NASDAQ:YY$3.46B$54.32YY
Bigo Live
800M$572.17M$0.77 /
$0.66
Momo Inc.NASDAQ:MOMO$2B$11.78Momo114.5M$184.9M$1.61
iQIYI, Inc.NASDAQ:IQ
$4.28B$10.85iQIYI530M$333.3M$0.63
HUYA Inc.NYSE:HUYA
$1.12B$12.98DouYu163.6M$124.43M$0.76

*Share price and market cap in USD taken July 26, 2021
** Monthly revenues either as stated, or calculated by division from most recent quarterly

Beijing-based Baidu, Inc. recently made a big splash, by acquiring the Chinese live-streaming service YY from JOYY Inc. for US$3.6 billion. The YY asset joined Baidu’s extremely popular iQiyi platform that claims nearly half-a-billion users and over 5.5 billion hours of content streamed each month—which helped the company raise $1.53 billion in February.

Where Hello Pal truly shines is in its current revenue growth. Through its methodic and organic growth pattern, HP’s operating subsidiary has been cashflow positive for multiple months now, giving the company the ability to grow more with its own revenues should it choose to.

Hello Pal has strategically navigated its way with strong revenue growth with disciplined spending, while successfully attracting popular streamers with its favorable distribution model. Streamers knowing that they’ll retain more of their total earnings by staying with Hello Pal’s simple and effective payout structure are more likely to stay without the need for big and expensive carrots dangled in front of them.

A 715% Gain in Less Than a Month

Hello Pal International (CSE:HP | OTC:HLLPFCSE:HP | OTC:HLLPF) couldn’t have asked for a better start to 2021, particularly after the February announcement of their new partnership and initiative to allow for users to begin mining Bitcoin and Ethereum. 

The stock popped 715% from $0.20 to $1.63 from February 12th to March 4th, and has held firm in a new higher range ever since. The meteoric rise since that announcement was met with some resistance at $1.63, and has settled into a range of $1.00-1.40. 

Any breakthrough to the first level of resistance at $1.40 (R1) could see another run similar to that in 1Q21. The second level of resistance (R2) around $1.63 has been tested twice before, and provides an important psychological level for traders going forward. 

Any break of R2 could be the strongest buy signal yet, needing a target adjustment to $2.00 or higher. This could put Hello Pal on the front burner for investors as it continues to build out the new initiative, and expand its foray into cryptocurrencies.

Rapid Growth in Live Streaming in 2020

Hello Pal International (CSE:HP | OTC:HLLPFCSE:HP | OTC:HLLPF) experienced robust growth throughout 2020, increasing its live streaming monthly revenues from CAD$200,000 in January 2020 to CAD$2.1 million by December 2020. 

That’s a more than 900% increase month by month in 2020! Hello Pal reported more than a million dollars in revenue for the last 8 months of 2020. For the full year, Hello Pal recorded CAD$10.2 million in revenue!

That success is already carrying into 2021, with the company reporting record monthly revenue over $2 million for seven months in a row!

It’s important to recognize that Hello Pal successfully monetized its current 5.7M user base from over 200 countries without paid advertising. The company has over 15,000 active livestreamers and viewers have been online daily from October 2020 to present.

Where Hello Pal excels is in its simplicity for streamers to grow their audiences, and make money. 

Streamers can quickly launch a livestream for their audiences, where they can receive gifts that correspond with real cash income payouts.

These hosts can then choose to withdraw cash that’s paid out by reputable fintech platforms including PayPal within just a few days of a payout request.

Powered By an Exceptional Brain Trust

Behind the genius of Hello Pal International (CSE:HP | OTC:HLLPFCSE:HP | OTC:HLLPF) is a group of founders, managers, and board members with a full range of expertise, including app development, live streaming, internet portals, and corporate finance, including:

KL Wong – Founder, Interim Chief Executive Officer and Director

Hello Pal is the brainchild of KL Wong, who currently resides in Hangzhou, China. KL was born in Malaysia, studied and worked in the UK for 10 years, and worked in Hong Kong for 16 years. He graduated with a law degree from Cambridge University and started off his career as a lawyer with international law firm Clifford Chance in the UK and Hong Kong. He then worked in senior management positions at Chinadotcom Corporation (China internet portal) and Softbank International Investment (venture capital/private equity) before founding BrillKids.

James Liang – Director

Mr. Liang has a Bachelor of Commerce from the University of British Columbia, obtained a Financial Risk Manager Certification from the Global Association of Risk Associates (GARP) and completed two levels of the CFA exams. Liang currently works with New Margin Ventures, which is a venture capital firm based in HangZhou, China, and assists with the evaluation of several technology companies for the purpose of New Margin providing financing.

Zhou Gang – President and Director

Mr. Zhou brings to the Company over 10 years of experience in the live video broadcasting industry, having served in senior management roles in prominent China live streaming companies in the past including Hangzhou Fuliao Technology Company (operator of iPaychat live streaming app) and Zhejiang Pajia Network Technology Company (operator of Pineapple Street live streaming app) (“Pajia”), both as Chief Operating Officer, as well as Tiange Interactive Holdings (operator of 9158) as Operations Manager. At each of these companies, Mr. Zhou was instrumental in increasing the company’s revenues and overall operational effectiveness.

7 REASONS Why Hello Pal International (CSE:HP | OTC:HLLPFCSE:HP | OTC:HLLPF) is Positioned for a MAJOR Breakthrough in Live streaming and Social Media:

  1. Strong momentum of Record Monthly Revenue: Revenue increasing MoM from CAD$640,000 in April 2020 to CAD$2.82 million in June 2021, which marked the company’s 7th consecutive month with over $2 million in revenue
  2. First publicly listed entity focused on mining Dogecoin. Recently acquired a 51% stake in 12,5000 mining rigs dedicated to mining Dogecoin and Litecoin. Newly acquired mining assets provide a combined hash rate of 6.25 TH/s, which amounts to 2.1% of the entire current LTC network hash rate.
  3. Already organically grew its presence to7 million users
  4. Potentially undervalued with a market capitalization of less than $114M
  5. Growing users base rapidly with over 15,000 active livestreamers and viewers have been online daily from October 2020 to present and steadily increasing
  6. Live streaming is gaining explosive popularity especially in China, where Hello Pal has an established audience, and unlike Twitch is not banned from the country
  7. Highly capable management team led by a founder who has already seen significant success with a successful BrillKids program in the past
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1 https://www.hellopal.com/hello-pal-announces-record-2-820-million-monthly-revenue-for-june-2021-and-reports-on-crypto-revenue-and-profit-for-the-first-time/
2 https://www.prnewswire.com/news-releases/hello-pal-announces-website-outage-following-dogecoin-announcement-301245390.html
3 https://www.newswire.ca/news-releases/hello-pal-announces-user-bitcoin-mining-initiative-816821174.html
4 https://techcrunch.com/2011/06/13/instagram-five-million-users/
5 https://blog.interactiveschools.com/blog/50-million-users-how-long-does-it-take-tech-to-reach-this-milestone#:~:text=Despite%20its%20popularity%20today%2C%20this,this%20number%20was%20quickly%20hit
6 https://techcrunch.com/2016/06/21/instagram-500-million/
7 https://www.statista.com/statistics/272014/global-social-networks-ranked-by-number-of-users/
8 http://www.hellopal.com/hello-pal-year-in-review-900-revenue-growth-in-2020/
9 https://www.statista.com/statistics/1061997/china-yy-inc-live-streaming-revenues/
10 https://www.businesstoday.com.my/2020/05/04/bigo-reaches-400-million-users-in-over-150-countries/
11 https://www.globenewswire.com/news-release/2020/11/16/2127833/0/en/JOYY-Reports-Third-Quarter-2020-Unaudited-Financial-Results.html
12 https://ir.yy.com/news-releases/news-release-details/joyy-reports-second-quarter-2020-unaudited-financial-results
13 https://www.statista.com/statistics/281115/china-momo-im-user-numbers/
14 https://momoinc.gcs-web.com/static-files/49236a3e-3ff7-402d-ad01-c03b27700661
15 https://www.statista.com/statistics/1106180/china-online-video-platform-iqiyi-subscription-number/
16 https://ir.iqiyi.com/news-releases/news-release-details/iqiyi-announces-second-quarter-2020-financial-results
17 https://musically.com/2020/08/13/chinas-twitch-equivalent-douyu-has-165-3m-monthly-users/
18 https://www.chinainternetwatch.com/31073/douyu-huya-updates/
19 https://musically.com/2020/08/13/chinas-twitch-equivalent-douyu-has-165-3m-monthly-users/
20 https://www.chinainternetwatch.com/31073/douyu-huya-updates/
21 https://techcrunch.com/2020/11/16/baidu-to-acquire-joyys-chinese-live-streaming-service-yy-for-3-6b/?guccounter=1
22 https://techcrunch.com/2017/02/21/baidus-iqiyi-video-service-raises-1-53-billion/

 

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This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect expectations regarding Hello Pal International Ltd. future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Hello Pal International Ltd. industry; (b) market opportunity; (c) Hello Pal International Ltd. business plans and strategies; (d) services that Hello Pal International Ltd. intends to offer; (e) Hello Pal International Ltd. milestone projections and targets; (f) Hello Pal International Ltd. expectations regarding receipt of approval for regulatory applications; (g) Hello Pal International Ltd. intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Hello Pal International Ltd. expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Hello Pal International Ltd. business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Hello Pal International Ltd. ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Hello Pal International Ltd. ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) Hello Pal International Ltd. ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Hello Pal International Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Hello Pal International Ltd. operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact Hello Pal International Ltd. business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Hello Pal International Ltd. business operations (e) Hello Pal International Ltd. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.

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