Technology company Huawei has released a promotional video for its DeFI project Defactor. The project token has experienced a tremendous rise. As Kriptokoin.com, we have compiled Huawei’s altcoin developments for you.
Huawei exploded with DeFi video
The DeFi video shared by the Chinese-based technology giant Huawei has also had a positive impact on the price of the project. The tech giant’s making and publishing a promotional video for the DeFi project Defactor brought a 530% increase in the project token, FACTR, in the last 24 hours.
The FACTR token, which is currently traded on Uniswap and not on any central exchange, is traded at about $0.20. The rise rate of this altcoin in the last month seems to be over 3000%. However, an account that was created only 13 days ago and received 200 thousand FACTR tokens as soon as it was opened sold almost all the tokens it bought after today’s rise. The selling account made a profit of $25,000 in a short time.
In the message shared about the project from the social media account of technology giant Huawei, Defactor is said to connect the traditional finance and the new DeFi world. It is also stated that Huawei has a program related to this project in Ireland.
Technology giant will continue to invest in Saudi Arabia
Steven Yi, Huawei’s Head of Middle East and Central Asia, said that Huawei will continue to invest in Saudi Arabia and support the growth of local Saudis.
At the Company’s 2023 Middle East and Central Asia (ME&CA) Annual Meeting Awards Ceremony held in Riyadh, Saudi Arabia, he said: ‘In 2023 and beyond, we are committed to helping our partners build a connected and intelligent world while inspiring them to deliver diverse services to their customers.’
Haytham Al Ohali, Deputy Minister of Communications and Information Technologies, Saudi Arabia attended the meeting and we recognize the benefits of working with the private sector to develop our ICT capabilities to support the ‘Saudi Vision 2030′. This partnership marks another milestone in our ongoing collaboration with Huawei, the result of which will increase the kingdom’s competitiveness and help fuel the country’s digital economy.’ said.
The meeting brought together Huawei representatives from 21 countries. Huawei rewarded staff for excellence in driving business goals and differentiated customer experiences, while using the meeting to align with 2023 goals. In February last year, Huawei announced that it would set up a cloud region in Saudi Arabia during the inaugural LEAP event to increase the ability of local businesses and governments to access more robust and secure cloud services.
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