How to Buy Holo (HOT) • Easy Steps • Benzinga Crypto

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Want to jump straight to the answer? You can buy HOT on Crypto.com.

Holo (HOT), an altcoin with many applications, is an open source peer-to-peer application framework. Its scalability means it could impact many industries. In 2021, it peaked around $ 0.03, but in September 2021, the token is hovering around $ 0.01.

What is Holo (HOT)?

HOT is an Ethereum-based token that works to power Holochain, a peer-to-peer network where Holochain users store data and applications on the network. This agent-centric model is network agent centric. You earn HOT when you use your computing power for network storage. It is a decentralized chain that allows users to store data on a municipal network instead of cloud software.

Holochain uses a distributed hash table (DHT) for governance. A DHT shares action records and does not allow tampering of data or applications by third parties, thereby eliminating the need for a proof of work or proof of stake verification method. Instead, verification is taken over by other users on the network.

Holochain also has an experienced development team, led by former intelligence workers and artificial intelligence experts. The team is looking to extend Holochain, allowing the decentralization of existing applications like Uber and Airbnb.

Brief history of Holochain

Holochain was founded in December 2016 by Arthur Brock and Eric Harris-Braun. They teamed up to create Holochain after working on another peer-to-peer network. Together they have over 60 years of experience with alternative currencies.

HOT’s initial 25 billion unit offering attracted investors such as Woodstock Fund and Continue Capital. In June 2018, Holochain announced a partnership with Prometheus, aimed at protecting its data and the anonymity of its users. HOT hit a record high in April 2021 of $ 0.03157. It has since cooled down, but the hype around the token and the tech is still there.

How to buy HOT

Now that you know the technology and history of Holochain, you might be interested in purchasing the token. The process for doing this is fairly straightforward, involving just a few short steps.

  1. Open an account online.

    The first step in buying HOT is to open an account on a crypto exchange. This simple step usually only requires an email or phone number. Since Holochain is a relatively new technology, few exchanges or wallets support the token. However, it is offered on a few exchanges, such as Crypto.com and Binance. As the hype around the project increases, you can expect it to be listed on more exchanges.

  2. Buy or download a crypto wallet (optional).

    The next step in purchasing HOT is to use a wallet to store your HOT. While this route is not necessary, it can speed up the process and protect your digital assets from hackers.

  3. Make your purchase.

    On Crypto.com, you use the search feature to locate HOT. Once you locate the token profile, you click on the buy button and enter the amount to buy. After that, HOT is stored on your Crypto.com wallet. You then send it to a hardware wallet, such as Trezor, if you want.

1 minute exam

Crypto.com strives to make cryptocurrency a part of everyday life by offering a comprehensive suite of services to crypto users. The company offers a Crypto.com app, exchange, Visa card, DeFi exchange, DeFi wallet, DeFi Earn, Crypto.com price, staking, crypto loan and many other services. What really sets them apart, however, is the combination of very low fees and incredibly generous rewards programs for their users.

Best for

  • Traders who want to access a secure and low cost cryptocurrency exchange
  • Passive investors who want to earn interest on their balance without having to make frequent transactions
  • Mobile investors who prefer to manage all their crypto needs through their phone or tablet
Advantages
  • Low fees
  • High security
  • One stop shop for all your crypto needs (wallet, trading, spending, etc.)
  • Many ways to earn interest, rewards and discounts
The inconvenients
  • Low privacy
  • Customer service response time could be improved

Best Cryptocurrency Wallets for Holo (HOT)




Best for

Crypto lovers

Best hardware wallet

Trezor is a hardware wallet that is easy to use and allows you to send and receive HOT. Once you have purchased a Trezor hardware wallet, you download its software to your computer and create an account. You will be assigned a wallet address (usually a long string of letters and numbers) and then you can send and receive HOT through the wallet. Hardware wallets provide an additional level of security compared to software wallets. However, they cost money to achieve while software wallets are usually free.

Best software wallet

Crypto.com offers the HOT token and is easy to use. Opening an account is quick and easy. All you need is an email or phone number and a source of funding. You can also send funds from another exchange like Coinbase (NASDAQ: COIN) in your Crypto.com wallet. To do this, you locate the desired coin on your Coinbase account and tap on the send option. From there, you enter the wallet address associated with your Crypto.com account. Tap send and the funds should be in your Crypto.com account. Either way, once you have the funds in your exchange account, you can buy HOT tokens.

Bonus section

Keep an eye out for projects that take advantage of Holochain technology. These options range from social media to data storage and can have a huge impact on the future price.

Trade, sell or convert your HOT

To sell or convert your HOT, you return to the token profile and select the exchange or convert option. On Crypto.com, you convert the token to Tether (USDT) or Crypto.com Coin (CRO.). However, the full list of convertible currencies can be found at coinmarketcap.com. While you cannot directly sell your HOT tokens for fiat currency (USD), you can convert them to a stable coin, such as Tether (USDT.). You can then sell your stablecoin for fiat currency (USD) and deposit it in a bank. Account. There is usually a charge for selling a cryptocurrency, unlike converting to another coin.

Current crypto prices

September 2021 has shown great volatility in the cryptocurrency world. Currencies such as Ethereum and Cardano rose significantly, but also saw declines of over 30%. HOT is down 27% on the month at the time of writing, but is still up 1,500% on the year. The prices change every day and no one knows where the prices will go. While some say the crypto could enter a bear market, others see the drop as a minor setback. Either way, increased volatility defines the current market.

Is Holochain a good investment?

Holochain is fortunate to decentralize many aspects of technology. It could potentially compete with large companies like Facebook (NASDAQ: FB) and DoorDash (NYSE: DASHBOARD). However, these companies haven’t launched much of this technology, so the idea of ​​possible competition is mostly speculative. If the technology is released and shows positive results, however, the impact Holochain can have and the price it can achieve could be colossal.

Benzinga has developed a specific methodology for classifying cryptocurrency exchanges and tools. We prioritized platforms based on offers, prices and promotions, customer service, mobile app, user experience and benefits, and security. To see a full breakdown of our methodology, please visit our Cryptocurrency Methodology page.

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