(HOT)
Most coins and networks follow the same formula as early cryptocurrencies, but not Holochain (HOT). This open-source, energy-efficient framework is used to build fully distributed peer-to-peer applications. The Holo Network tries to solve the drawbacks of the existing blockchain infrastructure. Validators don’t need a lot of electricity or processing power to participate – all you need is a smartphone. Holochain has two native tokens: HOT and HoloFuel. HOT can be exchanged on a 1:1 ratio for HoloFuel.
An innovative framework’s crypto coin needs an innovative wallet, which is where Zengo comes in. Zengo is a keyless, secure, and user-friendly wallet that is simple enough for beginners but with plenty of features that will appeal to crypto veterans.
With Zengo, you can trade quickly, safely, and on the go. It’s a one-stop shop for investors that want to buy and trade crypto, view and analyze different currencies, or send and receive coins with the larger community.
Don’t worry if you’re new to crypto; friendly support agents are available in-app 24/7 to answer your questions and offer support.
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What Can You Do With a HoloToken (HOT) Wallet?
Your crypto wallet is your proof of ownership used to access the coins you’ve purchased. But the Zengo mobile app does so much more. You can use Zengo to analyze the market and historical charts, view your portfolio, explore different crypto coins, and buy, sell and receive HOT tokens wherever you are. All it takes are a few simple-to-follow swipes or taps. Anyone can get started anytime.
You can use Zengo Wallet in many ways:
View HOT Portfolio
The cryptocurrency market can be volatile and changes every day. Keeping an eye on your portfolio is essential. With Zengo, you can log in and view your portfolio or historical charts, as well as the market value of other crypto coins that you’re interested in. You’ll have all the data you need at your disposal on the go.
Send and Receive HoloToken
Zengo gives you total control and freedom to transact, including sending and receiving HOT tokens with just a few taps. You can share your wallet address and receive coins to spend instantly or send coins to a known wallet address with a few swipes.
Buy HoloToken (HOT) on Zengo
Zengo is a safe, simple, and convenient way to start or continue your crypto journey. All it takes to buy crypto coins is to swipe the asset on the home screen, follow the prompts and select one of several payment options. There’s no easier way to get started with crypto.
Fiat to HoloToken (HOT) Gateway
You can use your real-world Fiat currency to buy HOT tokens (and other crypto coins) at any time through Zengo, including US dollars, pounds, or Euros. You don’t have to trade crypto for crypto like other wallets.
Buy HoloToken With Credit Card or Wire Transfer
When we say we make trading easy, we mean it. You can choose one of several payment methods to buy HOT tokens using your Zengo wallet, including SEPA, credit cards, and mobile payment apps. UK and EU-based investors can make use of bank transfers through our trusted partners, but minimum amounts apply.
Holding and Storing HOT
It’s entirely possible to hold (or, as the crypto community calls it, HODL) your HOT tokens until you are ready to trade again. Zengo will keep your coins safe in your wallet, even if you should lose your device along the way. We’ll help you recover access in a flash.
Trade or Exchange HoloToken for Ethereum, Doge, Bitcoin, and Other Coins and Tokens
HOT is just one of many supported coins on Zengo, including DOGE, Bitcoin, Shiba Inu, Ethereum, and more. You can trade HOT for any one of them at any time.
Top 10 Things you Should Know about HoloToken
HOT has been around for several years, but there are still several things you should know about this exciting and innovative coin.
What Is HoloToken (HOT)?
HoloToken, also known as Holo or HOT, is an Ethereum token that powers the HoloChain hosting platform. Users who host Holochain apps (sometimes called hApps) receive HOT tokens in return. Holo was granted a US patent in 2021, which saw the currency gain real traction.
Who Created HoloToken?
Eric Harris-Braun and Arthur Brock founded Holo in 2017. Both of the founders have extensive experience in smart contract coding. Harris-Braun is also the co-founder of the MetaCurrency project, which helps communities design and deploy their own currencies.
Why Was HoloToken Originally Created?
Holo was created to provide the tools and technology needed to power peer-to-peer trading. Holo is a distributed P2P hosting platform for Holochain applications called hApps. Holochain wants to create a “human internet” where relationships aren’t dictated by centralized entities. Holo is meant to form a bridge between decentralized Holochain apps and the existing centralized web. Using the HOT cryptocurrency, the Holo Network enables distributed hosting services that are powered by peers in the network.
What Is the Difference between HoloToken and HoloFuel?
HoloToken is a placeholder for HoloFuel. HoloFuel is Holo’s native, an asset-backed currency that works for P2P. HoloToken can be traded on a 1:1 basis for HoloFuel. HoloFuel is similar to Ethereum gas. HoloFuel is designed to perform microtransactions for P2P apps and is a native, asset-backed currency. HOT is an Ethereum ERC-20 token that was used when HoloToken ran on the Ethereum blockchain.
Why Was HoloToken Originally Created?
Holo was created to provide the tools and technology needed to power peer-to-peer trading. Holo is a distributed P2P hosting platform for Holochain applications called hApps. Holochain wants to create a “human internet” where relationships aren’t dictated by centralized entities. Holo is meant to form a bridge between decentralized Holochain apps and the existing centralized web. Using the HOT cryptocurrency, the Holo Network enables distributed hosting services that are powered by peers in the network.
What are hApps?
hApps are Holochain’s version of dApps (decentralized applications), digital applications built on a blockchain network. They are free from the control or governance of a single authority. Developers can create hApps on the Holochain network that can be accessed by the public, e.g., you can build a small payment app on Holochain without relying on confirmations from the network participants or an external protocol.
When Was HoloToken Introduced?
HOT tokens were launched as an initial coin offering in 2018. They were sold as IOU tokens redeemable for HoloFuel tokens.
How Many Tokens Were Created?
HOT has a circulating supply of 173,174,228,547. HoloTokens are transferable receipts redeemed for HoloFuel, which is more dynamic and designed for long-term viability.
What Kind of Blockchain Does HOT Run On?
HOT is built on the Ethereum Network. They are custom ERC20 tokens that can be stored in Ethereum-compatible wallets or traded on compatible exchanges.
Does HoloToken Have an Online Community?
There are several active HoloToken communities on Reddit, including r/HoloTrader, r/Holochain, and r/Holohost. The company also has a Twitter account with a large following.
Can You Mine HOT?
There is no mining on the Holochain. Holochain is much more decentralized than legacy blockchains because agents can keep their data and identity on their own chains. You can earn HOT by hosting decentralized applications or through trading.
Fun Facts about HoloToken
- The founders of Holochain say that the platform takes inspiration from BitTorrent, Git, peer validation, and gossip.
- The co-founder Arthur Brock has set up several internet-based businesses around the globe, including the Mile High Business Alliance, Emerging Leader Labs, and Agile Learning Centers. He sets up an office wherever he travels or feels he is needed.
- The HOT currency and Holo network were launched in Gibraltar.
- The company's CEO is Mary Camacho, a techpreneur and recipient of the Colorado Business Ethics Award.
- Holo calls its platform validation concept "proof of service", whereas Bitcoin operates on a "proof of work" concept. Proof of work verifies transactions through a consensus algorithm that requires them to solve a cryptographic equation. This can be energy-intensive. Proof of service rewards users for completing a service for another user. These rewards are paid in crypto coins.
What are the Features of HoloToken (HOT)?
- Unlike conventional legacy blockchain systems, Holo doesn't rely on crypto miners or a global ledger but on peer-to-peer validation. This makes transacting quick and easy.
- Holochain is agent-centric, which means that each agent has a copy of the secure ledger and can act independently.
- The Holochain was intended to enable developers to create applications known as hApps for the public to access and conduct microtransactions without an external protocol or reliance on other network participants.
- Users can share idle computational resources to power HApps, which is how they earn HOT tokens.
Why Choose Zengo?
Zengo offers you much more than a conventional crypto wallet. The app contains everything you need to analyze cryptocurrencies or to buy, sell, trade, send or receive HoloToken (HOT) coins. Whether you are a novice or an expert, Zengo has the right features for you.
Portfolio Accessibility
Wallets shouldn’t control your crypto or restrict access to your portfolio. Zengo lets you buy, trade, or send HOT tokens whenever you like, on the go, without hefty transaction fees or applicable minimum or maximums.
HoloToken (HOT) Keyless Wallet Security
When you purchase HOT coins, safety is your primary concern. Zengo uses threshold key signatures (TSS), 3-factor authentication, and facial recognition to keep your wallet safe and secure.
Control your Crypto
Zengo gives you the freedom to control your crypto at all times. You can buy HOT or other crypto coins at any time, without restrictions, and at an affordable rate.
Effortless Recoverability
Zengo offers guaranteed access to your wallet, even if you lose or damage your device. Our team of helpful agents is available round the clock to help you restore access to your coins.
24/7 Support with Live Agents in-App
No one wants to speak to a bot when it comes to their crypto investment. Zengo offers live, in-app support agents 24/7.
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HoloToken Crypto Wallet FAQ
Still have some questions about HoloToken? We’ve got you covered!
Zengo is the best place to start! All you need to do is install the app, follow the prompts for verification, and you’re on your way. You can buy your first crypto coins by tapping the asset on the home screen and swiping.
You can hold your crypto coins safely in your Zengo wallet until you are ready to trade them again. Zengo’s strict safety protocols and ability to recover access make it a great place to keep your coins.
A Holotoken (HOT) wallet is the proof of identity you need to access your coins on the blockchain. Zengo’s HOT wallet allows you to buy, view, send or receive HOT tokens at any time.
Setting up a HOT wallet is as easy as installing an app. Here’s how:
- Install the Zengo app from your favorite app store. Click the Get Started button.
- Enter and validate your email and follow the verification prompts.
- Click Back Up Now.
- Complete the final facial recognition prompts.
Once you’ve set up your HoloToken wallet, you can start buying tokens!
Zengo automatically generates a wallet address when you set up and verify the app. To view the address, tap the asset, and swipe right. The numbers and QR code displayed is your wallet address.
Zengo takes the guesswork out of sending HoloTokens. Tap on the HOT asset in the app, then swipe left. Enter the wallet address and the amount and hit Send. Their tokens will arrive in minutes.
Zengo sets up the wallet when you download and validate your app. It only takes a few minutes to install the app, follow the prompts, and get started.
You can send HoloTokens to a different wallet with a simple swipe. All you need to do is tap the asset you’d like to send on the home screen. Then, swipe right, enter the destination address and hit the Send button.
All you have to do is provide your wallet address to the sender, and you’ll receive a notification when your coins arrive. You can find your wallet address by tapping on any asset on your home screen and swiping right.
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Disclaimer: The information provided herein is for educational purposes only. Zengo does not provide any investment or financial advice whatsoever. As with any financial or investment decision, conduct your own research and due diligence to properly evaluate the benefits and risks of any investment or financial transaction and seek the advice and guidance of qualified financial professionals, in connection with any investment or financial transaction.
