Holo is a blockchain-focused initiative built as an open-source marketplace for P2P applications. Its foundation is cloud storage infrastructure, enabling developers to develop apps and release them on Holo’s blockchain, the Holochain. With its architecture, Holochain aims to scale effectively, keep the network secure, and compensate participants who help validate transactions.

The ecosystem includes the Holochain, dedicated infrastructure for creating decentralized applications, and the HOT token, the platform’s native cryptocurrency. HOT has a total supply of 177,619,433,541. 

What are Holo’s key features and how does it work?

Through Holochain, developers can design and launch P2P applications, called hApps, inside the ecosystem. The network relies on a distinctive hashing method that differs from many conventional approaches to confirm transactions. For instance, Holo does not depend on staking or mining.

Rather than a single shared chain, the system uses local source chains. Each source chain generates transactions that only require verification from one node. After that, the transaction details are distributed to other nodes so they can cross-check the verification.

This approach contrasts with typical blockchain setups where nodes replicate the full transaction record to validate and protect the network. The result is a much lower computational load, supporting a more sustainable blockchain.

Anyone can host the Holo network. Network members can run P2P applications and earn rewards paid out as HoloFuel. 

What can HOT be used for?

The HoloChain network supports a wide set of potential applications since many kinds of software can be built on top of it. Examples include social networks, supply chains, rating systems, collective intelligence tools like governance and workflows, and collaborative platforms such as forums and discussion boards.

Where can you buy HOT?

HOT can be traded on the CEXs and DEXs listed here. The most widely used exchanges with the greatest liquidity include Binance, Crypto.com, Probit, and Gate.io. HOT’s price changes based on the exchange you choose and broader market conditions. For current and historical price data, check the price charts on this page.