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Many altcoins have registered astronomical gains in the 2021 crypto bull run. If you’ve been keeping track, most of their prices have since corrected, and are now back to where they were at the beginning of 2021. However, one particular token is still posting greater than 1,000% gains for its holders. We’re referring to the HOT token. In this article, we’ll discuss everything there is to know about the Holo network, Holochain and the HOT token.
The Holo network was founded by Eric Harris-Braun and Arthur Brock in 2017, both of whom have extensive experience in smart contract coding. The Holo project was built with the vision of providing the tools and technology necessary to power the future economy of peer-to-peer (P2P) trading. At its core, Holo is a distributed P2P hosting platform for all the Holochain applications, known as hApps.
The Holo network’s goal is to function as a bridge between decentralized Holochain apps and the existing centralized web which we use daily. The Holo betwork and its ecosystem bring many distributed applications to a typical web browser. With the help of their native cryptocurrency, HOT, the Holo network enables distributed hosting services powered by the peers in the network.
With Holo, anyone can generate a passive source of income by loaning out the computational power of the devices they own. By doing that, users become hosts, earning rewards in HoloFuel. The best part is that Holo’s proprietary software runs in the background without disrupting the activities you perform on your electronic devices, such as phones and laptops. You also get to decide your hosting price, set your priorities and choose what Holo applications (hApps) to serve.