Holo

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Discover Holo's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Holo?

Holo (HOT) is a peer-to-peer hosting platform that leverages distributed computing power to host decentralized applications (dApps) without relying on traditional blockchain technology. It aims to create a bridge between the decentralized world and the centralized web, offering a scalable, secure, and energy-efficient alternative to traditional hosting models. The platform rewards users who contribute computational power with HoloTokens (HOT), which can be exchanged for HoloFuel in the future.

How is Holo used?

Holo (HOT) is used in several ways within the Holochain ecosystem:

  1. Incentivizing Network Participation: HOT tokens are used to incentivize users to participate in the network by hosting decentralized applications (dApps). Users who provide computational power and storage for these applications are rewarded with HOT tokens.

  2. Payment for Hosting: HOT tokens can be used as payment for hosting apps on the Holochain network. This allows developers to access the necessary resources for their applications while ensuring that hosts are compensated for their contributions.

  3. Future Conversion to HoloFuel: HOT tokens are placeholders for HoloFuel, which will be used for microtransactions within the network. Once HoloFuel is launched, HOT tokens can be exchanged for HoloFuel at a one-to-one ratio.

  1. Security and Validation: HOT tokens play a role in securing the network by validating transactions and ensuring the integrity of the Holochain.

Overall, the HOT token is integral to the functioning and growth of the Holochain ecosystem, facilitating the development and deployment of decentralized applications while incentivizing user participation.

How do I store Holo?

To store Holo (HOT) tokens, you can use several options:

  1. Ledger Nano S: As HOT is an ERC20 token, you can store it on your regular Ethereum address using a Ledger Nano S.
  2. Trezor Wallet: You can also store HOT tokens on a Trezor wallet, as it supports Ethereum and ERC20 tokens.
  3. Guarda Wallet: Guarda offers a secure and user-friendly platform for managing HOT tokens. You can create a Holo wallet on Guarda, which supports desktop and mobile devices, and store your tokens securely.

These options provide secure and user-friendly ways to manage and store your Holo tokens.

How to buy Holo?

To buy Holo (HOT) tokens, you can follow these steps:

Using a Centralized Exchange (CEX)
  1. Choose a CEX: Select a reliable and trustworthy crypto exchange that supports Holo (HOT) purchases, such as KuCoin, Binance, or CEX.IO.

  2. Create an Account: Enter the required information and set a secure password. Enable two-factor authentication (2FA) for added security.

  3. Verify Your Identity: Complete Know-Your-Customer (KYC) verification, which may require photo identification and other information depending on your nationality and region.

  1. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method.

  2. Buy Holo (HOT): Use your added payment method to purchase Holo (HOT) directly with fiat currency if supported, or first buy a popular cryptocurrency like USDT and then exchange it for Holo (HOT).

Using a Crypto Wallet
  1. Choose a Wallet: Select a reliable and reputable crypto wallet that supports Holo (HOT) purchases.

  2. Download and Create a Wallet: Download the wallet app and create a new wallet address or import an existing one. Make sure to write down the seed phrase and keep it secure.

  3. Buy Holo (HOT): Purchase Holo (HOT) using a supported payment method. If the wallet does not support direct fiat-to-HOT purchases, you can first buy a popular cryptocurrency like USDT and then exchange it for Holo (HOT).

Additional Options
  • Paybis: A global exchange that allows buying Holo (HOT) with a credit or debit card, offering competitive fees and services to residents from over 180 countries.
  • WazirX: India's largest cryptocurrency exchange, part of the Binance Group, offering Holo (HOT) trading opportunities to clients worldwide, except for USA residents.
  • Kriptomat: A European exchange that allows buying Holo (HOT) with a credit/debit card or bank deposit, offering a quick and secure process.

Remember to check fees, security, and supported payment methods before making a purchase.

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History of Holo

Holo (HOT) was founded in 2017 by Arthur Brock and Eric Harris-Braun, with its headquarters in Gibraltar. The project aimed to create a decentralized hosting platform for applications, leveraging peer-to-peer (P2P) technology and distributed computing to provide a more cost-effective and scalable alternative to traditional hosting models.

In 2018, Holo conducted an Initial Community Offering (ICO) to raise funds for its development, which resulted in raising approximately $20,649,000. This funding enabled the project to build its vision and make significant progress in the following years.

In 2019, Holo launched its Holochain technology, which serves as the underlying infrastructure for the Holo ecosystem. Holochain is a framework that allows decentralized applications (dApps) to run without the need for traditional blockchain technology, offering a more scalable and efficient alternative.

In 2020, the project released HoloPort, a plug-and-play hardware device designed for hosting Holochain apps. The HoloPort acts as a personal server, enabling users to host and provide computing power to decentralized applications.

In 2022, the project launched the Holochain Developer Education Initiative, committing upwards of $2 million to build and foster an ecosystem of developers. This initiative aimed to support the growth of the Holo ecosystem by providing resources and training for developers working on decentralized applications.

In 2024, Holo continued its development efforts, and HOT tokens started trading on various cryptocurrency exchanges.

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How Holo works

Holo (HOT) is a peer-to-peer platform designed for distributed applications, leveraging a cloud storage infrastructure. It operates on the Holochain, a unique hashing algorithm that replaces traditional blockchain technology. This approach allows for a more efficient and cost-effective system for developers working with decentralized applications.

Key Components
  1. Holochain: A post-blockchain network that uses a hashing algorithm to facilitate decentralized applications without the need for blockchain technology.

  2. Holo: The platform that connects users to the internet, acting as a bridge between traditional internet users and Holochain.

  3. HoloToken (HOT): An ERC-20 token that serves as a placeholder and will be convertible to HoloFuel during a swap period. HOT tokens are used for transactions and as an incentive for network participants.

  1. HoloFuel: A token designed for facilitating microtransactions within the Holo ecosystem. It will be launched during the final phase of the project and will have no supply limits.
How It Works
  1. Peer-to-Peer Hosting: Holo relies on a network of hosts who offer storage and processing capabilities for decentralized applications built using Holochain. Hosts can use their computers or specialized devices like HoloPorts to contribute to the network.

  2. Distributed Computing: The Holo network leverages the collective computing power of individual devices, making it more environmentally friendly compared to traditional blockchain systems.

  3. Incentivization: Hosts are incentivized to participate by receiving HoloFuel tokens in return for their services. This creates a robust ecosystem where users are motivated to contribute their resources.

  1. Decentralized Applications: The Holo ecosystem supports a wide range of decentralized applications (dApps), from social media platforms to decentralized marketplaces, offering innovative possibilities for disrupting traditional industries.
Benefits
  1. Scalability: Holo's decentralized approach allows for greater scalability compared to traditional hosting models.

  2. Security: The peer-to-peer validation system ensures that data is secure and private, giving users control over their digital assets.

  3. Energy Efficiency: By leveraging individual devices, the network consumes fewer resources, making it more environmentally friendly.

  1. Accessibility: Anyone with a computer or HoloPort device can participate in the network, empowering individuals to become active participants in the digital economy.
Future Plans

Holo is currently in its Beta release and is adding key infrastructure for resilience and security. The project aims to revolutionize peer-to-peer hosting through its decentralized infrastructure, offering a scalable, secure, and energy-efficient alternative to traditional hosting models.

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Holo's strengths

Holo (HOT) has several strengths that contribute to its unique position in the cryptocurrency market:

  1. Energy Efficiency: Holo's architecture consumes significantly less energy compared to traditional blockchain systems. This is achieved by leveraging the computing power of individual devices, making it more environmentally friendly.

  2. Accessibility: Holo enables anyone with a computer or HoloPort device to participate in the network and contribute to hosting, empowering individuals to become active participants in the digital economy.

  3. Diverse Applications: The Holo ecosystem provides a platform for developers to create and deploy a wide range of decentralized applications (dApps), from social media platforms to decentralized marketplaces, offering innovative possibilities that can disrupt traditional industries.

  1. Scalability: Holo's use of distributed hash tables (DHT) allows for faster transaction processing and greater scalability compared to traditional blockchain systems.

  2. Security: Holochain's agent-centric approach and use of DHT ensure that each user maintains their own chain of transactions and validates the transactions of others, providing a secure and decentralized environment.

  3. Inclusivity: Holo's design fosters a community-driven ecosystem where users can host applications and earn rewards, creating a dynamic and participatory environment.

  1. Flexibility: Holo's post-blockchain architecture allows for the hosting of decentralized applications without the need for traditional blockchain technology, making it a unique and versatile platform.

These strengths position Holo as a pioneering project with the potential to revolutionize peer-to-peer hosting and decentralized applications.

Holo's risks

Holo (HOT) carries a moderate risk, as indicated by InvestorsObserver's risk analysis. This assessment is based on factors such as the amount of money required to shift the token's price over a 24-hour period, recent changes in volume and market capitalization, and the potential for manipulation. The risk score is on a scale of 0 to 100, with lower scores indicating higher risk and higher scores indicating lower risk.

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Did Holo raise funds?

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Holo’s team

  • Arthur Brock: Co-founder, Chief Architect, and leader of the Holo development team, known for his visionary strategies for decentralized social and technological systems.
  • Eric Harris-Braun: Co-founder and Executive Engineer behind Holochain, involved in the development of the Holochain Core.
  • David Meister: Creator of the Holochain Core, contributing to the technical backbone of the Holo ecosystem.
  • Mary Camacho: CEO of Holo, a techpreneur and recipient of the Colorado Business Ethics Award.

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