As Tiktok approached the date of April 5, which should make a decision between selling or prohibiting its activities in the United States, a famous Altcoin project announced that it was interested in purchasing in this process.
This Altcoin Project can buy the US publication rights of TİKTOK
The HBAR Foundation, which is connected to the popular Altcoin project Hedera (HBAR), cooperated with Tim Stokely, the founder of Onlyfans, and presented an offer for Tiktok. Acting with the Zoop initiative under Stokely, the HBAR Foundation is struggling to buy micro-processing against technology giants such as Amazon and to buy the video platform.
According to Reuters, the HBAR Foundation and Zoop presented the White House to the White House at the beginning of this week. Zoop’s founding partner Rj Phillips said in an interview with Reuters:
Our offer for Tiktok is not only about changing property; It also aims to create a new paradigm in which both content producers and communities provide direct benefit from the value they produce.
The duo works with a few investors to achieve this goal. Tiktok is among the proposals of the individual and technology giant Amazon. Although the future of the HBAR Foundation in this proposal process remains uncertain, this step reveals the importance of crypto companies to diversify product.
How did the price of HBAR react to development?
Hedera’s local token Hbar, after the last announcement in the first hours followed a relatively stagnant course. HBAR, which has a market value of 7.3 billion dollars with a circulation supply in the market with a circulation supply in the market, increased by 1.42 percent after the announcement. However, this increase did not mean great mobility.
The total supply of 50 billion HBAR is at the level of 0.1730, while the transaction volume reached $ 237.01 million in the 24 -hour period. This transaction volume refers to a ratio of 3.23 percent compared to the market value. Despite the 6.29 percent increase in the transaction volume, the price movements remained relatively limited.
The fully diluted value, where the market value is fully evaluated with circulating supply, is at the level of $ 8.65 billion. Although HBAR shows that the position of the token has an important place in the crypto market, the fact that the price did not realize the expected rise despite the increase in the process volume after the announcement attracted the attention of investors. Hbar’s price movements after the announcement reveal that investors’ reaction is relatively cautious.
Kriptokoin.comAs we mentioned, Nasdaq made an official application to the SEC to list Grayscale’s HBAR ETF at the beginning of last month.
