HIMALAYA TECHNOLOGIES TO LAUNCH EVEREST COIN TO SUPPORT E-COMMERCE, PROVIDE CUSTOMER REWARDS, AND PREPARE CRYPTO DIVIDEND

Pittsburgh, PA, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Himalaya Technologies, Inc. (OTC: HMLA) has fully executed a service agreement with Bot Logic Labs, Inc. (“BOT”) to create, mint, and manage a proprietary crypto token to be called “EVEREST” based on Ethereum, a global decentralized blockchain platform upon which fintech applications can be built (https://ethereum.org/en/). We intend to use EVEREST tokens for e-commerce in our social media platforms under development, as a utility token for customer rewards and incentives, for a potential dividend to our shareholders, and for future strategic transactions. BOT indicates to us that the process will require less than several weeks to set-up our wallet, propagate the coin, and add it to a centralized exchange platform (“CEX”).

BOT is the developer of the Active World Holdings portfolio of web based applications which uses ChatGPT4 as well as Solidity Smart Contracts to develop Web3, Web3.5 and Web4 DApps. To accomplish Web3 objectives, Himalaya requires the creation of an Ethereum smart contract, token website, and Web3 integration for the smart contract into the Himalaya digital ecosystem. We are engaging BOT to perform this task as an initial Phase 1 of our crypto buildout for business incubation.

The agreement calls for $50,000 cash compensation to BOT in stages, including 1) signing of the engagement and the creation of our wallet, 2) delivery of a website subject to our approval, 3) when the EVEREST token is added to the Web3 on DiVinciPay, 4) upon the launch of EVEREST Uniswap Pool, and 5) upon minting of the EVEREST token. As part of the arrangement, BOT will retain 10% of the total token supply of 250,000,000 and a 10% revenue share for revenues generated through token management within our social media businesses. Himalaya will retain 100,000,000 EVEREST tokens for issuance to new and existing social media customers as rewards, to its public shareholders through a potential dividend subject to legal review and possible registration with the SEC if used a security, and for strategic purposes including potential mergers and acquisitions of companies, smart contracts, or other coins.