🌸 Hana Network: June 2024 Update
The Consumer Layer for Babylon and EigenLayer
June has been a month of building for us at Hana Network as we prepare for the upcoming testnet and mainnet launch in Q3. We have designed campaigns for our community members to amplify our content and product. Those who complete the tasks will receive an exclusive NFT through our Galxe campaign.
These efforts are aimed at increasing engagement and ensuring a strong and vibrant community as we move closer to our launch. We are excited about the progress we’ve made and look forward to sharing more updates with you soon.
In addition, to strengthen our partnership with the largest Bitcoin restaking ecosystem, Hana Network founder has participated in the Bitcoin Connect event in Korea, hosted by Babylon. This event provided us with valuable networking opportunities and insights into the latest developments in the Bitcoin ecosystem. Our participation underscores our commitment to building strong alliances and staying at the forefront of blockchain technology.
We look forward to leveraging these connections to enhance our platform and deliver even greater value to our community.
In this month’s edition, we would like to highlight the partnerships we have been developing in preparation for our next update. Additionally, we have some big announcements for our readers, especially if you are a builder on Cosmos and strong believer of Babylon ecosystem, at the end of this edition.
Restaking Ecosystem
We have partnered with protocols built on top of the restaking ecosystem on EigenLayer, Kelp DAO. Kelp DAO, with a TVL exceeding $1 billion, has been a strong supporter, actively contributing to our initiatives, and we hope that with our onboarding solutions, we can help Kelp DAO attract even more users.
Lorenzo is a protocol built on top of Babylon, the largest Bitcoin restaking protocol, aiming to open doors for BTC liquidity to enter the DeFi ecosystem and earn more yield. With Hana’s onboarding solution, we will enhance the user experience and facilitate easier onboarding to the Babylon ecosystem through the Hana gateway.
As the Restaking ecosystem grows, we believe that our approach with the onboarding solution will accelerate the ecosystem’s growth much faster. If you are a builder on Babylon and EigenLayer who would like to partner with Hana Network, please feel free to contact us anytime on Discord or Telegram: https://t.me/xenonicle
Consumer Application meets Restaking
We believe that simplifying UX alone isn’t enough to onboard new users. We aim to build applications that everyone would want to use daily, akin to everyday applications found on the App Store, within the Bitcoin and Ethereum ecosystems.
Hana Network simplifies crypto onboarding with fee-free, fraud-resistant solutions, replacing traditional exchanges. It acts as a middleware gateway to streamline interaction with blockchain protocols, enhancing user and builder experience. You can find more details for our solution in the above article.
Marketing Initiative
We kickstarted our first Hana Network campaign on Galxe, attracting over 16,000 participants and counting. Additionally, our Twitter following has reached an all-time high of 70,000 followers following the launch of our campaign journey on Galxe. This remarkable growth demonstrates the strong community support and engagement we are building.
In early July, we are planning to launch another Galxe campaign, offering participants an exclusive NFT on Arbitrum, the leading Layer 2 solution. Stay tuned for more information.
What’s Next:
You may notice that this month we do not have a development update, as we are preparing for the launch of our testnet and mainnet later this year, along with an article and testnet. If you are a Cosmos validator looking to explore a new Cosmos L1 chain, please do not hesitate to contact us via Discord and Telegram at https://t.me/xenonicle. We hope to discuss setting up a node validator with you in the upcoming weeks.
We are also in discussions with an artist to create a Hana Network mascot to align with our brand. This approach aims to enhance our brand exposure and recognition, fostering a strong community through a cute character.
Lastly, get ready for a new special campaign for Galxe.
About Hana Network
Hana Network is a blockchain platform focused on making it easier for users to enter the blockchain space. It is built on the Cosmos SDK and uses a Proof-of-Stake consensus mechanism.
Hana Network is developing its privacy pools to enhance user privacy. Notably, it has already launched a successful trustless on-off ramp application powered by zero-knowledge proofs, attracting over 200,000 users. Overall, Hana Network aims to simplify user onboarding and bridge the gap between traditional finance and the blockchain world.
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