What is Holo (HOT)? How does it Work?

BtcTurk | Global
2 min readOct 12, 2022

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Holo (HOT) was developed by Arthur Brock and Eric Harris-Braun. Holo is a peer-to-peer distributed platform built using Holochain. Holo (HOT) eliminates the need for blockchain technology to develop decentralized applications. Holo’s native token is HOT. If you have questions like what is Holo (HOT), how does Holo (HOT) work, how to trade HOT/TRY and HOT/USDT trading pairs, you’ll find the answers in this article.

Topics you will read in this article;

  • What is Holo (HOT)?
  • How Does Holo (HOT) Work?
  • How to Store Holo (HOT)?
  • How to Buy and Sell Holo (HOT)?

What is Holo (HOT)? How does it work?

Holo (HOT) replaces the use of blockchain technology in the creation of decentralized applications. The project aims to establish a marketplace where decentralized applications can be accessed more easily. Holo aims to be a bridge between decentralized applications and users. The Holo network works with servers that provide storage and processing power for decentralized applications built with Holochain.

On the Holochain platform, users who develop decentralized applications can create their own projects. The currency used within the Holochain network is named Holo Fuel. Holo Fuel is used to cover the cost expenses needed for the development and growth of the Holochain network.

The native token of the Holo network is HOT. HOT is built on the Ethereum blockchain and works with the ERC-20 standard.

The total supply of HOT is limited to 177,619,433,541 HOTs.

How to Store Holo (HOT)?

Holo’s native token, which provides an alternative to blockchain technology for decentralized applications, is ERC-20 based. You can manage your HOT balances with desktop, mobile and hardware wallets that support ERC-20 based Ethereum assets.

How to Buy and Sell Holo (HOT)?

You can use the BtcTurk | PRO website or the BtcTurk | PRO mobile application to buy and sell Holo (HOT) with Turkish Lira and Tether. If you are not a member of BtcTurk, you can become a member immediately from our website or mobile application, and get Holo (HOT) by sending Turkish lira 24/7 with 7 contracted banks.

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