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Convert
Pound sterling (GBP) to Holo (HOT) Instantly

GBP GBP
HOT HOT
Buy Holo (HOT)

Purchase Holo (HOT) with Pound sterling (GBP) 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 GBP 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 does the GBP/HOT trading pair represent on a cryptocurrency exchange?

    The GBP/HOT pair is a fiat on-ramp that allows you to directly purchase Holo (HOT), an ERC-20 token, using Great Britain Pounds (GBP). On an exchange's order book, this pair matches buyers using Pound Sterling with sellers of HOT, facilitating a direct conversion without needing to first buy a base cryptocurrency like Bitcoin or Ethereum. This simplifies the digital asset purchase process for UK-based users.

  • What are the most common payment methods for buying Holo (HOT) with British Pounds in the UK?

    In the UK, the most efficient methods to buy HOT with British Pounds on a regulated crypto exchange include Faster Payments for near-instant bank transfers, which often have low or no fees. Other options are CHAPS for larger sums and debit/credit card purchases for convenience, though the latter may incur higher fees. Using an FCA-compliant platform is crucial for secure trading.

  • How does Holo's underlying Holochain technology differ from standard blockchains?

    Holo (HOT) is the placeholder token for HoloFuel, which will power the Holochain network. Unlike traditional blockchains with a single, global ledger, Holochain uses an agent-centric architecture with a Distributed Hash Table (DHT). Each user has their own secure ledger, enabling highly scalable and efficient peer-to-peer networking for holographic apps (hApps) without typical blockchain bottlenecks.

  • What KYC/AML compliance is required to trade GBP for HOT?

    To trade GBP for HOT on any reputable cryptocurrency exchange, you must complete a Know Your Customer (KYC) and Anti-Money Laundering (AML) verification process. This typically involves submitting a government-issued ID and proof of address. This is a standard security measure for FCA-regulated platforms to ensure compliance and prevent illicit activities, enhancing the safety of the fiat gateway.

  • What types of fees should I expect when converting Pound Sterling to HOT?

    When converting Pound Sterling to HOT, expect several potential fees. First, a deposit fee for adding GBP to the exchange, though many platforms offer free deposits via UK bank transfer (Faster Payments). Second, a trading fee (maker or taker fee) is charged on the transaction itself. Finally, when moving your HOT off the exchange to a private digital wallet, a network withdrawal fee applies, which covers the Ethereum gas cost since HOT is an ERC-20 token.
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