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Convert
Colombian peso (COP) to Holo (HOT) Instantly

COP COP
HOT HOT
Buy Holo (HOT)

Purchase Holo (HOT) with Colombian peso (COP) 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.

Holo (HOT)

How to Buy Holo (HOT)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose COP to HOT Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your Holo Wallet Address

    Provide your HOT wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your Holo

    Complete the payment, and your HOT will be sent to your wallet.

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Frequently asked questions

  • What are the common methods to buy Holo (HOT) with Colombian Pesos (COP)?

    To buy Holo (HOT) with COP, you typically need to use a cryptocurrency exchange that serves as a fiat on-ramp for Colombian users. The process involves creating an account, completing KYC/AML verification, and then depositing COP using local payment methods like PSE (Pagos Seguros en Línea) or a direct bank transfer. Once your account is funded, you can execute a trade on the COP/HOT trading pair if available, or trade COP for a major cryptocurrency like BTC or USDT and then trade that for HOT.

  • What is Holochain's core technology and how does the HOT token relate to it?

    Holochain is not a traditional blockchain. It's a framework for building fully distributed, peer-to-peer applications (hApps). Instead of a global consensus mechanism, it uses an agent-centric approach with a Distributed Hash Table (DHT) for data integrity. The HOT token is an ERC-20 placeholder that will be swappable for HoloFuel, the native asset of the Holo network. HoloFuel is designed as a mutual-credit currency to compensate hosts for providing computing and storage power for hApps through devices like a HoloPort.

  • After buying HOT with COP, what is the most secure way to store this digital asset?

    Since HOT is currently an ERC-20 token on the Ethereum blockchain, the most secure storage method is a hardware wallet (e.g., Ledger or Trezor). These devices keep your private keys offline, protecting your digital assets from online threats. Alternatively, you can use a reputable non-custodial software wallet that supports ERC-20 tokens. It is strongly advised to move your HOT off the cryptocurrency exchange after purchase to a personal digital wallet where you have sole control of the private keys.

  • What are the typical fees associated with a COP to HOT transaction?

    Trading COP for HOT involves several potential fees. First, a deposit fee for adding COP to the exchange, which varies based on the method (e.g., PSE or bank wire). Second, a trading fee, which is usually a small percentage of the transaction value and can differ for market makers and takers. Finally, if you move your HOT to an external digital wallet, you will incur a network withdrawal fee, which for an ERC-20 token like HOT is paid in ETH (as gas) and fluctuates based on Ethereum network congestion.

  • Is it necessary to complete KYC when using a Colombian Peso fiat on-ramp to get HOT?

    Yes, virtually all reputable cryptocurrency exchanges that provide a fiat on-ramp for Colombian Pesos (COP) require users to complete a Know Your Customer (KYC) and Anti-Money Laundering (AML) verification process. This is a standard regulatory requirement to prevent illicit activities. The process typically involves submitting a government-issued ID and sometimes proof of address before you can deposit COP and perform a digital asset purchase.
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