Holo (HOT)
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About HOT
Holo (HOT) is a cryptocurrency that powers the Holo network: an innovative, peer-to-peer hosting platform for decentralized applications (hApps) built on Holochain. Unlike traditional blockchains, Holochain doesn’t rely on global consensus or proof-of-work. Instead, it uses a distributed hash table (DHT) model where every user has their own tamper-proof source chain and can validate their own data, making it massively scalable and energy-efficient. The Holo network acts as a bridge between the Holochain ecosystem and everyday internet users. It enables anyone with a computer to become a host and earn HOT tokens by providing storage and processing power to hApps. This distributed hosting model supports decentralized apps without requiring users to run blockchain nodes or rely on cloud servers, enabling true Web3 infrastructure with Web2 usability. HOT is an ERC-20 token issued as an IOU for HoloFuel, the native, asset-backed currency that will be used once the Holo network is fully live. When HoloFuel launches, HOT tokens will be redeemable 1:1 for HoloFuel credits. HoloFuel is designed for microtransactions and hosting payments, offering a scalable, feeless alternative to gas-based models. Holochain's design enables applications to operate with agent-centric validation, avoiding the bottlenecks and inefficiencies of traditional consensus mechanisms. It’s particularly suitable for social media platforms, supply chains, collaborative apps, and other systems requiring integrity and user agency. Holo positions itself as a post-blockchain solution, offering a radically different architecture for decentralized applications.
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Frequently Asked Questions about Holo
Where can I buy Holo (HOT) tokens?
HOT tokens can be purchased on major cryptocurrency exchanges such as Binance, KuCoin, Gate.io, and BitMart. HOT is also available on decentralized platforms like Uniswap.
Where can I store HOT tokens?
HOT tokens on Ethereum can be stored in Ethereum-compatible wallets such as Bitcoin.com Wallet, MetaMask, Trust Wallet, Bitcoin.com Wallet, and hardware wallets like Ledger and Trezor.
What is the purpose of the HOT token?
HOT was initially a token issued on Ethereum for the Holo ICO, meant to be exchanged for HoloFuel in the future. It is currently used for trading and paying for cloud hosting services on the Holo platform, but will later be redeemable 1:1 for HoloFuel, the payment currency of the Holo hosting network.
What is the difference between Holo and Holochain?
Holo is the hosting platform that connects Holochain apps to the mainstream internet, enabling peer-to-peer hosting. Holochain is the underlying framework for building decentralized applications with distributed validation and no global ledger.
How does hosting work in the Holo network?
Anyone can become a Holo host by installing the Holo software on their device. Hosts earn HoloFuel by providing computing resources to serve hApps to users, similar to how Airbnb allows people to share unused rooms.
What is HoloFuel?
HoloFuel is the upcoming asset-backed currency for the Holo network, optimized for microtransactions and hosting payments. It is designed to be scalable, feeless, and stable in value relative to computing power.
Is Holo a blockchain?
No. Holochain, the core of Holo, is not a blockchain. It uses a distributed hash table (DHT) and agent-centric validation, allowing applications to run securely without requiring consensus across a global ledger.
Can I build dApps on Holochain?
Yes. Developers can build hApps using JavaScript and Rust with Holochain’s development framework. These apps are hosted across a distributed network of Holo hosts instead of centralized servers or traditional blockchains.
Will HOT tokens be replaced?
Yes. HOT tokens will be redeemable 1:1 for HoloFuel once the HoloFuel accounting system is fully operational. HOT is effectively a temporary IOU token until that swap occurs.
Who is behind Holo and Holochain?
Holo was co-founded by Arthur Brock and Eric Harris-Braun. The team includes long-time contributors to distributed computing and has published whitepapers detailing the technical and economic design of the system.