Changelly welcomes a new HoloToken (HOT) to the list of 200+ crypto assets available for smooth crypto swap and purchase. Starting today, users can seamlessly exchange HOT at both floating and fixed rates.
Holo is a bridge for hosting decentralized applications (dApps) created on the Holochain platform. According to Holo’s green paper, “Holo takes hosting of sophisticated social applications out of centralized data centers to the edges of the Internet where our devices live. It makes self-scaling infrastructure a reality through peer-to-peer architecture, which automatically performs load-balancing and load-sharing across thousands or even millions of peers”.
Initially, an ERC-20 HoloToken (HOT) was used as an IOU (I-Owe-You) instrument during Holo’s Initial Token Offering (ICO) in 2018. The attracted funds were used for the development of both Holo and Holochain platforms. Once the Holo project steps into the Beta release, HOT tokens will be 1:1 replaced with HoloFuel – a token that is designed for microtransactions that will be used as a reward for hosts.
“It is so exciting to see such a truly dedicated project on the Changelly platform. Welcome to the family, HoloToken.”
Changelly’s CEO, Eric Benz.
Holo is a peer-to-peer distributed platform for hosting decentralized applications built using Holochain, a framework for developing DApps that does not require the use of blockchain technology. The goal of Holo is to serve as a bridge between the broader internet and apps built using Holochain, offering an ecosystem and marketplace in which DApps are easily accessible, as they are hosted on the internet by Holo network participants.
The Holo network will be facilitated using a token called HoloFuel, which is actively being tested and will act as an accounting system to pay hosts for their services. In 2018, the project minted an ERC-20 token, HOT — also known as HoloToken — as an “IOU” that will be redeemable for HoloFuel upon launch. Holo is still in development and is expected to launch for open alpha and beta testing by 2021.
Learn more about Holochain:
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto. Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on the go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggy-backing on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution and 24/7 live support.
Learn more about Changelly:
Changelly PRO: pro.changelly.com
The post It’s Gonna Be HOT: Changelly Lists Holo’s HOT Token appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
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