What is Aloha?
Aloha (ALOHA) is a unique service that allows both crypto and non-crypto users to benefit from unused data by sharing their WiFi hotspots for free in exchange for ALOHA tokens. This innovative approach creates a mutually beneficial ecosystem that offers users multiple ways to earn money, including staking for non-fungible tokens (NFTs) and achieving governance votes as stakeholders in Aloha’s community.
The Aloha app aims to become a tool in both the decentralized finance (DeFi) and real-world applications. It is built with the intention of transitioning into a decentralized application (DApp), creating the world’s first bridge between mobile phone data and cryptocurrency. The Aloha network utilizes social media platforms, such as Telegram, Reddit, Facebook, Instagram, TikTok, and Bitcointalk, for greater accessibility and ease of usage.
Apart from the collection of tokens, Aloha’s users can also expect to be part of a decentralized organization (DAO) community. This allows them to vote for others’ proposals or create their own, making them a valuable part of the ecosystem. Aloha brings a spirit of fun to the cryptocurrency world, facilitating Twitter discussion chats, offering prizes for participants who engage in its social networks, and hosting giveaways.
Martin Regan has been leading Aloha since 2018 as the CEO. He has over ten years of experience across various business centers, including a year as a director of a WiFi company from 2014 to 2015. Philip Legg is the CTO of Aloha, having held the role in the company since 2015. He has over 20 years of experience in the software industry. According to their website, the Aloha team had nine full-time members as of August 2021.
Aloha is unique for being the first of its kind to monetize unused data and allow non-crypto users to benefit from the crypto industry. This creates a mutually beneficial relationship between users and non-users in a perfectly synced ecosystem. The staking process for NFTs is kept simple through Aloha’s integration with Polygon.
Users can earn money with Aloha in several ways. For instance, hotspot sharers get paid with loyalty tokens based on the frequency and volume at which they share their WiFi with guests. In addition, watching advertisements also helps users earn loyalty tokens. Users can choose the number and type of messages to push out, working together with advertisers for mutual benefits.
As part of a network forming community, users also earn loyalty tokens for recommending others to join the Aloha network. These include business users and suppliers, among others. Businesses can increase the number of viewers of a user's network by up to 50% within three months, providing an excellent opportunity for growth. Aloha believes that there is no better time than now to turn unused data into cash. Sharing of data converts to loyalty tokens, which can then be converted into money by blockchain technology.
Governance in the Aloha system is an inclusive network that allows users to partake, depending on the types of NFTs they own, which represent voting power. Users can propose ideas via the governance system, allowing them a stake in determining the future of Aloha. Different types of NFTs are worth different votes: one rare NFT is worth one vote, one ultra-rare is worth five, and an exclusive NFT is worth 50.
Finally, Aloha has several partners that allow it to expand its reputation and onboard more users. The company utilizes social media partners, as mentioned above. It also previously had a marketing campaign in collaboration with data analysis platform Dextools in July and an upcoming reward initiative with coin platform Niox.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.Try for Free