Holo (HOT) will soon be listing on Indodax. Can this token really make you big?
Indodax continues to add to its list of crypto assets. The goal is so that you members can get many alternatives besides collecting Bitcoin.
This time there is Holo (HOT). This crypto is a crypto that is quite popular because it has a good reputation. How good is his reputation?
Then, is this crypto really able to bring you big in the future? Let’s take a look.
Holo (HOT) Built on Holochain
What is Holo (HOT)? Holo is a peer-to-peer distributed platform for hosting decentralized applications. Holo is built using Holochain, a framework for DApps development.
Holo aims to be a bridge between the wider internet. Offers an easily accessible DApps ecosystem and market. Due to hoting on the internet on Holochain’s network.
Holo is The Holochain Bridge
From its ‘green paper’, Holo is designed to act as a bridge between Holochain, which represents crypto technology for everyday users. This project highlights several innovations. Among them is the ability to host P2P applications on the internet.
Holo networks rely on a series of hosts that provide storage and processing power. This works for DApps that use Holochain.
The project business plan is centered on building a P2P ecosystem of hosts and applications. This is to compare the desired effect of app hosting with Uber and Airbnb on the taxi and hotel industry.
Holo charges fees for HoloFuel transactions, so its revenue model is directly related to the increasing number of applications and hosts on the network.
HOT Token Utility
HoloToken acts as the fuel for Holo, which is a joint credit accounting system capable of carrying out billions of daily micro transactions. Its main use is for Holochain app (hApp) providers to pay Holo hosts for their services.
Total HOT in circulation
Holo held an “initial community offering” from March 2018 to April 2018.
In the end, 177.6 billion HOTs were minted through a demand-driven process. A total of 133.2 billion HOT (75%) was allocated for public sales.
The remaining 44.4 billion HOT (25%) is reserved for teams and companies. Team tokens are not subject to a vesting or lockout period.
Once HoloFuel is launched, HOT tokens will be redeemable at a one to one ratio for HoloFuel tokens.
Here’s HOT data, one day before listing on Indodax from coinmarketcap.com:
Price: IDR 302
Market cap: USD3,258,473,554
Fully Diluted Market Cap: USD3,424,111,093
24h volume: $ 556,013,099
Circulating Supply: 169,164,199,065 HOT
Max Supply / Total Supply: 177,619,433,541
How to Buy Holo (HOT) on the Indodax Market
How to buy Holo (HOT)
- Make sure you have registered and become an Indodax member
- Login to your Indodax account
- Look for the marketplace, pilmarket IDR
- Look for HOT
- Once on the HOT page, you can buy using the limit method or the instant method.