Convert
Swiss Franc (CHF) to Holo (HOT) Instantly
Purchase Holo (HOT) with Swiss Franc (CHF) easily at Switchere and benefit from fast, secure transactions.
About
Holo (HOT)
Holo (HOT) powers a distributed cloud hosting marketplace for peer-to-peer applications built on Holochain, an innovative framework designed as an alternative to traditional blockchain technology. Holochain aims to solve scalability and adaptability issues inherent in many blockchain architectures by shifting from a data-centric model to an agent-centric one. This means each user runs their own secure, tamper-resistant ledger, enabling intrinsic data validation without requiring network-wide consensus for every interaction. This approach significantly enhances efficiency and reduces computational overhead, fostering a truly decentralized network. The Holochain framework enables the creation of hApps (Holochain applications) that are scalable, fast, and more energy-efficient than many dApps on conventional blockchains.
The HOT token, an ERC-20 token, currently serves as an IOU that will be swappable for HoloFuel upon the mainnet launch. HoloFuel is designed as a mutual credit currency, specifically for paying for hosting services provided by HoloPort operators and other hosts within the Holo network. This utility token facilitates microtransactions and access to computational resources, underpinning the economic model of this decentralized hosting ecosystem. Holo aims to bridge the gap between the existing centralized internet and the emerging decentralized web, providing essential Web3 infrastructure and empowering individuals by giving them control over their own data and applications within a peer-to-peer framework. It represents a significant step towards a more distributed and user-centric digital landscape.
How to Buy Holo (HOT)
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Frequently asked questions
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What is the primary method for purchasing Holo (HOT) with Swiss Francs (CHF)?
The most common method is using a centralized cryptocurrency exchange that serves as a fiat on-ramp for CHF. This process typically involves creating an account, completing KYC/AML compliance checks, and then depositing Swiss Francs via a bank transfer (like SEPA) or credit card. Once your CHF is on the platform, you can place an order on the CHF/HOT trading pair to acquire the digital asset. -
What makes Holo (HOT) technologically different from typical blockchain projects?
Holo is not a blockchain. It's built on Holochain, an agent-centric framework using a Distributed Hash Table (DHT) for data integrity, which contrasts with blockchain's data-centric model. This allows for highly scalable, peer-to-peer holographic apps (hApps) without the typical bottlenecks of global consensus. The HOT token serves as a bridge to HoloFuel, the native asset for compensating hosts in this P2P network. -
What are the common fees associated with CHF to HOT transactions on exchanges?
When trading CHF for HOT, you should consider several potential fees. These include deposit fees for funding your account with Swiss Francs (which vary by method, with bank transfers often being cheaper than credit cards), trading fees charged by the exchange for executing the order (usually a small percentage of the trade value), and withdrawal fees for moving your HOT tokens to a secure digital wallet. -
How can I securely store my HOT tokens after purchasing them with CHF?
For optimal security, it's highly recommended to transfer your HOT tokens from the exchange to a personal digital wallet where you control the private keys. Since HOT is an ERC-20 token, it is compatible with any Ethereum-supporting wallet. Options include hardware wallets (like Ledger or Trezor) for the highest security, or reputable software wallets (like MetaMask or Trust Wallet) for convenience. This practice of self-custody protects your assets from exchange-related risks. -
What is the role of the HOT token in the Holochain ecosystem and its relation to HoloFuel?
HOT is an ERC-20 token that acts as a temporary placeholder. Its primary utility is to be swapped 1:1 for HoloFuel upon the full launch of the Holo network. HoloFuel is the native, mutual-credit currency of Holochain, designed specifically for micropayments. It will be used within the ecosystem to pay hosts for providing the computing power and storage needed to run decentralized hApps, creating a circular peer-to-peer economy.