What Is Holo (HOT)?
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.
Who Are the Founders of Holo?
Holo was founded by Arthur Brock and Eric Harris-Braun, both of whom are experienced contract coders. The two first started working on the project in December 2016 as a part of the MetaCurrency Project, a developer of tools and technology designed to power a future P2P economy. Holo was partially modeled after Ceptr, a cooperative P2P framework for DApps that the two had previously worked on.
Brock has prior experience coding alternative currency systems as the founder of Geek Gene, a company that developed community-building tools, including more than 100 alternative currency solutions. He also co-founded social-enterprise incubator Emerging Leader Labs and founded open-source education “starter kit” Agile Learning Centers. In March 2019, Brock was named a fellow of the New Zealand-based Edmond Hillary Fellowship.
Harris-Braun started programming full time in 1988 and is the founder of Glass Bead Software, a developer of peer-to-peer communication software, as well as co-founder of Emerging Leader Labs alongside Brock. In 2003, he co-founded Harris-Braun Enterprises, a freelance software development and consulting firm. He has also served on the advisory board of the Schumacher Center For New Economics.
Holo Price Prediction
If you’re looking for Holo price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Holo (HOT) will go in the future? We will analyze the past prices of Holo (HOT) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 0.005|
|24h Volume||$ 49,063,150|
Holo (HOT) Price Prediction
At reconshell.com we predict future Holo price predictions/HOT forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Holo. We do our best to collect maximum historical data for the HOT coin which include multiple parameters like past price, Holo marketcap, Holo volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Holo Price Prediction 2022
According to our deep technical analysis on past price data of HOT, In 2022 the price of Holo is predicted to reach at a minimum level of $0.006. The HOT price can reach a maximum level of $0.007 with the average trading price of $0.006.
Holo Price Prediction 2023
The price of Holo is predicted to reach at a minimum level of $0.009 in 2023. The Holo price can reach a maximum level of $0.011 with the average price of $0.009 throughout 2023.
HOT Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Holo is predicted to reach at a minimum level of $0.014. The HOT price can reach a maximum level of $0.016 with the average trading price of $0.014.
The price of 1 Holo is expected to reach at a minimum level of $0.020 in 2025. The HOT price can reach a maximum level of $0.023 with the average price of $0.020 throughout 2025.
Holo Price Prediction 2026
Holo price is forecast to reach a lowest possible level of $0.029 in 2026. As per our findings, the HOT price could reach a maximum possible level of $0.034 with the average forecast price of $0.030.
Holo Price Prediction 2027
According to our deep technical analysis on past price data of HOT, In 2027 the price of Holo is forecasted to be at around a minimum value of $0.040. The Holo price value can reach a maximum of $0.050 with the average trading value of $0.042 in USD.
Holo (HOT) Price Prediction 2028
The price of Holo is predicted to reach at a minimum value of $0.057 in 2028. The Holo price could reach a maximum value of $0.069 with the average trading price of $0.059 throughout 2028.
Holo Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Holo is expected to reach at a minimum price value of $0.082. The HOT price can reach a maximum price value of $0.098 with the average value of $0.084.
Holo (HOT) Price Prediction 2030
The price of Holo is predicted to reach at a minimum value of $0.12 in 2030. The Holo price could reach a maximum value of $0.14 with the average trading price of $0.12 throughout 2030.
Holo Price Prediction 2031
Holo price is forecast to reach a lowest possible level of $0.18 in 2031. As per our findings, the HOT price could reach a maximum possible level of $0.21 with the average forecast price of $0.18.
What Makes Holo Unique?
According to its “green paper,” Holo is designed to act as a bridge between Holochain, which represents the world of crypto technology, and everyday users. The project highlights several innovations that it says will “enable a large shift in the landscape of crypto applications and currencies,” including the ability to host P2P apps on the internet for mainstream users.
The Holo network relies on a series of hosts that provide storage and processing power for DApps built using Holochain. Hosts either install software on their computer that runs in the background and automatically allocates extra processing power to Holochain-based DApps, or they operate a dedicated machine such as a HoloPort. In exchange, hosts are paid in HoloFuel, a token that is specifically designed for microtransactions. The design of HoloFuel is expected to allow the Holo network to process billions of simultaneous transactions.
The project’s business plan centers on building a P2P ecosystem of hosts and applications, comparing its intended effect on app hosting to that of Uber and Airbnb on the taxi and hotel industries, respectively. Holo charges a fee on HoloFuel transactions, so its revenue model is directly tied to growing the number of applications and hosts on the network.
How Many Holo (HOT) Coins Are There in Circulation?
Holo held an “initial community offering” from March 2018 through April 2018. Ultimately, 177.6 billion HOT was minted through a demand-determined process, with 133.2 billion HOT (75%) allocated for public sale and 44.4 billion HOT (25%) reserved for the team and company. Team tokens were not subject to vesting or lock-up periods.
Once HoloFuel is launched, HOT tokens will be able to be swapped at a one-to-one ratio for HoloFuel tokens. In January 2019, Holo stated that instead of being immediately burned, the swapped HOT will instead be kept as a reserve currency to provide liquidity to HoloFuel holders.
HoloFuel will have no supply limit. Rather, it is designed to be dynamic and incorporate a credit system, allowing users to have negative balances. The supply will be controlled algorithmically, contracting and expanding in response to demand and as the relationships between users with negative and positive balances change. Holo intends for this to cause the price of its tokens to remain relatively stable from moment to moment, rather than be subject to wild, speculative price swings.
How Is the Holo Network Secured?
The Holo network acts as a bridge between the centralized internet and Holochain, which does not rely on traditional blockchain technology. As such, it does not rely on global consensus to secure its networks. Rather, each DApp has its own set of validation rules and a local hash chain on which it can store cryptographically signed records. When data is transmitted across multiple nodes, random peers act as validators, receiving data and verifying that it follows the correct rules. Validators use a gossip protocol to share good data among one another and warn of bad data or blacklist bad actors.
According to its development team, Holo is designed to be as decentralized as possible in order to reduce the risks associated with giving any one entity too much power. The connection between hosts and applications is end-to-end encrypted, and Holo uses a globally distributed network of servers.
Where Can You Buy Holo (HOT)?
HOT can be purchased on cryptocurrency exchanges such as Binance, Bitrue, ProBit Exchange and MXC.COM, among others. It can be traded on spot markets against fiat currencies such as the U.S. dollar and the euro, cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) and the stablecoin Tether (USDT).