What is Holo (HOT)?

Holo (HOT) is an Ethereum token that is convertible to HoloFuel during the swap period. The Holo ecosystem is a decentralized, peer-to-peer platform that facilitates hosting Dapps Aka hApps build using Holochain. Holo acts as a bridge between the distributed Holochain apps and the current centralized web. Its framework allows developers to build Dapps without using blockchain. Furthermore unlike other blockchains it does not require any token or mining. Holofuel is a Holochain based currency that users can only earn by hosting on Holo. Holochain application providers pay to Holo hosts for consuming their services. The Holofuel currency can be converted into HOT tokens once the Holo goes live at the rate of 1 HOT=1 HoloFuel and HOT holders need to redeem this HoloFuel to HOT tokens within 6 months from the date of network launch.

How does Holo (HOT) work?

The Holo network sets itself apart from other similar networks by acting as a bridge between the centralized internet and Holochain. It does not rely on traditional blockchain technology or global consensus for securing its networks. All the dApps developed through Holochain have their own set of validation rules and chains to store cryptographic records. It does so by using Distributed Hash Table (DHT) which helps it to set up a network without blockchains. Random peers act as validators in these chains for receiving and verifying data.

These validators use a gossip protocol to share the good information and warn about bad actors to each other. Since every node maintains its own chain only, it acts significantly faster than blockchains. This unique approach makes Holochain applications more versatile, scalable, and more efficient than blockchain.

Users that provide computational power to the network are rewarded in HOT tokens. The Holo network will soon allow users to convert their HOT tokens into HoloFuel which will further have dual uses of acting as a reward in HOT tokens and measuring the computational power.

How to Buy Holo (HOT) in India?

There are many platforms where you can invest and trade HoloTokens (HOT) in India.

One such platform is Flitpay. To buy HoloTokens (HOT) in INR, you have to sign up for the relevant application, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, make sure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy HoloTokens (HOT), and execute the HoloTokens (HOT) purchase.

You can instantly convert your INR to HoloTokens (HOT) and HoloTokens (HOT) to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After I Buy Holo (HOT)?

HoloTokens (HOT) can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold HoloTokens (HOT) coins till they reach a high price and then can sell them through the FLITPAY OTC order facility. Users can earn significant profit from buying it at a lower price and selling it at a higher price.

Besides that, HOT is the native token that powers the Holochain. It will soon be convertible with Holofuel, which is the platform currency of the Holo ecosystem.

Why Use Holo (HOT)?

Holo (HOT) is the native token of Holochain which is considered very efficient, fast, and scalable as compared to blockchain technology. The network of Holochain enables distributed hosting services powered by the peers in the network. HOT or HoloToken is usable as the main payment method on the network where the network participants can use it to rent the computational power of their devices to other users for hosting apps. These participants earn HOT in return for their rental services which can be further used as an investment or trading in the crypto market to obtain profit. This way, HOT tokens of the Holo network are a good means to earn profit. Lastly, HOT is interchangeable with the actual platform currency of Holo which is Holo fuel.

FAQ

What is Holo (HOT)?
Holo (HOT) is an ERC-20 token that currently powers the Holo network as an "IOU"" token for Holofuel which is an actively tested utility token of the Holo network. HOT will be converted to HoloFuel during the swap period in 1:1 parameters.

What is the Holo (HOT) price in India?
Check out the current INR price of HOT in India on Flitpay.

Which is the best platform to buy Holo (HOT) in India?
The best crypto exchange in India to buy HOT or your favorite cryptocurrencies is Flitpay. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

What are the Benefits of Holo (HOT)?
The network participants of Holo can earn HOT by renting the computational power of their devices and becoming app hosts. They can receive rewards as HOT tokens for hosting distributed applications build on the Holochain.

Is it safe to invest in Holo (HOT) in India?
Yes, investing and trading in HOT is Safe in India. Flitpay is one of India's most secure crypto exchanges to invest in HOT. It offers the most real-time prices and advanced investing features.

Is Holo (HOT) a Good Investment?
As per the official website of Holochain, HoolTokens (HOT) will be exchangeable to get the official currency of its platform when the swapping period will begin. Experts also believe that HOT can give good returns. But cryptocurrencies can be highly volatile at times hence one needs to be careful while making any investment decision.