Convert
Danish Krone (DKK) to Holo (HOT) Instantly
Purchase Holo (HOT) with Danish Krone (DKK) 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 DKK/HOT trading pair and what is its role?
The DKK/HOT pair represents the direct exchange rate between the Danish Krone (DKK) and Holo's ERC-20 token (HOT). Its primary role is to serve as a fiat on-ramp for Danish investors to acquire HOT, which is a placeholder for HoloFuel. This provides access to the Holochain ecosystem, a framework for building scalable, agent-centric decentralized applications (hApps) that utilize a Distributed Hash Table (DHT) instead of a traditional blockchain. -
What are common methods to buy Holo (HOT) with Danish Krone (DKK)?
To buy HOT with DKK, you typically need a cryptocurrency exchange that lists the HOT token and accepts DKK deposits. Common payment methods from Denmark include SEPA bank transfers, which are often cost-effective, or debit/credit card payments (like Dankort) for faster transactions. You will need to complete a KYC/AML verification process on the exchange before you can link your bank account and begin trading on the DKK/HOT order book. -
What is the function of HOT tokens within the Holochain peer-to-peer networking framework?
HOT is an ERC-20 token that serves as an IOU, redeemable 1:1 for HoloFuel upon launch. HoloFuel is the native, mutual credit accounting currency of the Holochain network. Its primary function will be to compensate hosts of HoloPorts for providing distributed hosting power for hApps (holographic apps). This system enables a peer-to-peer web where users pay hosts directly for their resources, powering a new generation of scalable dApps. -
Are there specific transaction fees when trading DKK for HOT?
Yes, several fees can apply. First, there may be a deposit fee for funding your exchange account with DKK, especially if using a credit card. Second, the cryptocurrency exchange will charge a trading fee (either a maker or taker fee) when you execute your DKK/HOT trade on the order book. Finally, if you move your HOT tokens to a private, non-custodial digital wallet, you will incur an Ethereum network 'gas fee' for the blockchain transaction, as HOT is an ERC-20 token. -
Why is Holochain's agent-centric model different from a traditional blockchain?
Unlike a traditional blockchain that maintains a single, global ledger requiring consensus from all nodes, Holochain uses an agent-centric model with a Distributed Hash Table (DHT). Each participant (agent) maintains their own secure, local chain of actions. Data is shared and validated with peers only when necessary, according to the application's rules. This data integrity engine removes the need for global consensus, enabling significantly higher scalability and efficiency for decentralized applications (hApps) compared to conventional blockchain platforms.