🏆 Top 3 Brokers Crypto Trading Platforms
Choose your quick section of our Holo review below.
A Quick Overview of our Holo Review:
Holo DApps can be developed using either JavaScript or Lisp while offering support for front-end systems that use either CCS, HTML, or JavaScript.
Holo Live Price
What is Holo?
Holo aims to create a decentralized internet in addition to a distributed internet that is not tied to the current web hosting model. Even though it seems to be reminiscent of the Ethereum project, Holo goes the extra mile to create a distributed computer network that will work faster than blockchain technology.
Key Features and Takeaways of Holo
Holo is a decentralised application platform that has the following key features as well as takeaways:
It is a peer-to-peer network through which agent-centric agreements and consensus methods are processed between various users.
There is a no true global consensus maintained and instead, each agent in the public blockchain has a private fork which they manage and store in a limited way with a distributed hash table.
Through this, each device on the Holo network can function independently and all that it requires, is for the data to be synchronised when necessary or when users agree on it.
This special feature provides Holo with significant scalability for decentralised apps (DApps) which are hosted on its blockchain.
The ecosystem of Holo relies on hosts which provide processing and storage for DApps while they earn redeemable credits from the platform.
Holo DApps can be developed using either JavaScript or Lisp while offering support for front-end systems that use either CCS, HTML, or JavaScript.
Holo was co-founded by Arthur Brock and Eric Harris-Braun and Arthur is known for his work as an Artificial Intelligence professional at Hughes, GM, and Chrysler in addition to his previous work on a variety of currency systems. Eric has experience in the software infrastructure field and has co-founded several crypto platforms.
Holo Mining
HOT or HoloFuel cannot be mined or staked as Holo does not follow the traditional or conventional consensus methods or algorithms that other blockchains have at their cores.
At the heart of the Holo project, the Holo represents an attempt in bypassing blockchain as a technology. It is described by developers as an “essentially centralising technology. It is regarded as a “promise” of a decentralised network broken by the enforcing of a single dominant perspective on it.
Blockchain also relies on miners and this is considered as putting it at the risk of giving miners too much power that they do not really deserve. To counter this issue, Holo eliminated the consensus model overall, differentiating Holo from competing blockchain technology.
The crowd which was involved in the development of Bitcoin focused on freedom from constraints by others while the team behind Holo focused on freedom to constrain themselves, as according to a Holo representative.
To make this possible, every device on the Holo network uses its own ledger, operating independently while it simultaneously interacts with other devices on the platform. This is done by using hash chains technology and these special structures are employed as points of reference when the system evaluates whether data on it has been tampered with.
Where torrents are concerned, the same technology is employed to ensure that users can access desired downloadable content and that they are not exposed to malware, for instance.
Pros and Cons
| ✔️Pros | ❌Cons |
|---|---|
| Holo consists of a system of blockchains where every node operates on its own blockchain and all blockchains function with cryptographic keys unique to each node | There is potential for information overload |
| Holo has resolved issues faced with scalability | There is a lot of controversy involved with Holochain’s aversion to traditional blockchain technology and consensus methods |
| Since every node has its own blockchain, no data is lost when the node goes offline and the main public blockchain can continue without being affected | |
| Holo uses Distributed Hash Table (DHT) for the verification of data | |
| Holo fuel is cryptocurrency credit which is backed by a shared computing network which makes it valuable and provides credits with more purchasing power | |
| All transactions are captured as double-enter accounting entries that show minting, burning, and mining | |
| Holo is a P2P network using a Proof-of-Service consensus method which creates a bridge between centralised web and blockchain |
Transaction Fees
| Type of Fee | Information |
|---|---|
| Trading Fees | Less than 1% |
Should you buy Holo?
Holo works to resolve issues faced by centralisation existing within blockchain technology. The project offers blockchain services that do not demand computing requirements or technical expertise.
In addition, Holo’s platform is constructed on the traditional double-entry bookkeeping concept which offers legitimacy to the concept from the point of view of the user. The potential that Holo has lays in the fact that it is more environmental-friendly than other blockchains such as Bitcoin and Ethereum.
Holo offers something different where sharing and hosting of information is concerned, while it simultaneously generates revenue. There is a team of experienced professionals that also offer the project the best shape and space for future development and expansion.
Another reason why investors are considering long-term investment in Holo is the use cases that it offers, including but not limited to:
Social Networking
Supply chain and open-value creation networks.
Other peer-to-peer platforms for instance Airbnb and Uber.
Collective intelligence associated with governance, workflow, and feedback systems.
Collaborative applications including chats, discussion forums, Wikis, and several others.
Furthermore, Holo is transparent with their project progress on the official website, in addition to offering what is being planned. Currently, for 2025/2021, Holo is in Phase 3 – Alpha/Beta with a Holo suite of applications on the Holo RSM. This includes the following key points and features:
Host Console Usage.
HoloFuel Application Registration.
HoloFuel Transactions.
Publisher Portal Setup hApp.
How to buy Holo (HOT)
Step 1 – Register an account with Gate.io
Navigate to the official Gate.io website and select the option to “Sign Up” from the homepage.
Complete the online registration form by providing country/region, a selected username, email address, and user-selected password. Read and accept the User Agreement and Privacy and select “Next”.
Create a fund password and select “Create Account”. Complete the “I am not a robot” reCAPTCHA. Check your email inbox for the activation email and click on the link in the email. If the link does not work, you can copy and paste the URL into your browser.
Log into your account using your credentials and complete the reCAPTCHA.
Check your email again for the verification email that contains the 6-digit code and click on “Confirm”. Enter the code that you received into the blocks provided and select “Log In” to proceed.
Before you can use the platform to purchase Holochain/HOT and other cryptocurrencies on Gate.io, you must complete the “Know Your Client” or KYC procedure to verify your identity and your proof of residence.
Click on “KYC Now” at the bottom of the webpage to start the process.
Select whether you are an individual or an organisation by selecting “Verify Now” under the relevant option.
Select your country from the dropdown list, enter your full name followed by confirmation thereof. Select your ID document type and provide your ID Number as shown on your official ID Document.
Click on the first image to upload a clear photo of the front of your ID document followed by a clear photo of the back of the document.
Next, write your Gate.io unique ID on a piece of paper and take a photo of yourself holding up your identity document (front) and the paper containing your unique ID.
Once you have done this, click on “Confirm and Submit”.
Next, you must enable the Timed One-Time Password (TOTP) to be able to log into your account. This can be done by clicking on “Set Now” at the bottom of the page.
On the new page that loads, select “Click here” to set up Two-factor Authentication.
Download Google Authenticator onto your mobile device by making use of any of the abovementioned methods.
Follow the steps indicated to add your Gate.io account by scanning the QR code or entering your unique key.
Enter the TOTP, your fund password, and the code sent to your email address and select “Enable Two-factor Authentication”. With this setup, you must use the Google Authenticator app to sign into your account every time.
Step 2 – Deposit funds
You must note that Gate.io is only a crypto-to-crypto exchange which means there is no fiat gateway. The only way through which funds can be added, is to transfer an existing crypto into your Gate.io wallet.
HOT can only be bought through Tether/USDT or Bitcoin/BTC while it can be traded with USD as a futures contract.
Navigate to the deposit/withdrawal section by hovering over your account and selecting the relevant option. Choose from the list of coins in which you can make a deposit and select “deposit” next to the appropriate coin.
You will be redirected to a page which generates a deposit address for the coin that you wish to deposit.
Copy this address, or scan the QR code, into the wallet where you are making a withdrawal from and depositing to Gate.io and wait for the relevant blockchain to confirm your transaction. Once the transaction has been completed and verified by the nodes on the chain, the coins will be sent to the Gate.io wallet and you can start trading HOT.
Step 3 – Explore your trading options
Gate.io offers a variety of ways through which cryptocurrencies can be obtained. Each of these can be explored individually depending on your trading needs and objectives.
To start trading HOT, select the option from the “Trade” Menu. Enter “HOT” into the search bar to see which trading options are available.
For spot trading, for instance and as an example, select HOT_USDT. Once you have selected, you will be directed to the exchange page which corresponds to the cryptocurrency pair HOT/USDT.
Here, you will see that you have the option to buy or sell HOT either as a limit order, grid trading, or as a time condition. The most common trading method is that of limit trading and thus it will be used for this guide.
Step 3 – Buy HOT through via Limit Order
To buy HOT and create a limit order for it, you can enter the amount of HOT you want to purchase, and the price you want to buy it at in USDT. This tool will tell you what the overall cost is in USDT, or any other chosen counter-currency, which will be deducted from your wallet once the order has been executed.
Step 4 – Sell HOT through via Limit Order
To sell HOT, find the panel under the chart and create a limit order for USDT according to your own preferences. Note that with a peg to USD, HOT that you exchange for USDT will hold the flat value that it has despite market conditions in the cryptocurrency market.
Step 5 – Withdraw funds
To withdraw funds, you will use the same page in Gate.io which was used to make a deposit.
Click on the deposit/withdrawal option on your Account dropdown and find the wallet of the currency that you wish to withdraw. You can do this easily by using the search bar provided.
Instead of a deposit address being generated, you will do this on the exchange, or the wallet being used as the destination for withdrawal of funds from Gate.io. Paste the address of the receiving wallet in the field provided and provide your Gate.io fund password, email code, and TOTP before selecting “Submit Request”.
🏆 Top 3 Brokers Crypto Trading Platforms
Frequently Asked Questions
When was Holo first launched?
Holo was launched in 2018.
Who founded Holochain?
Holo was created by Arthur Brock and Eric Harris in 2016.
What is “ICO”?
It is Initial Coin Offering that, unlike an IPO, does not mean that those who invest in the cryptocurrency will have an ownership stake of the company that they provide funds to.
When was Holochain’s ICO and how much did it raise?
The ICO for Holo and its native token HOT was held from March 29 to April 28, 2018 in which more than 279 million ZAR was raised.
Is Holo legit?
Yes, Holo is legit.
What is Holochain’s total supply?
The total supply of HOT is 133,214,575,156 with plans to increase it to 177,619,433,541 as 75% of all tokens were released through crowd sale and the other 25% is held by the founding team to fund future expenses.
What is the purpose of Holochain?
Holo works to provide a foundation technology allowing people to connect with one another along with a choice in the data that they share. Holo works to provide a bridging platform between Holo users and the conventional internet.
On which blockchain is Holo based?
Holo is not based on a blockchain as it is a P2P framework.
Does Holo work with smart contracts?
No, Holo does not work with smart contracts.
Does Holo have potential to become more valuable?
Yes, Holo has a unique offering that is not based on traditional blockchain technology.
Top 4 Brokers
