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Convert
Japanese yen (JPY) to Holo (HOT) Instantly

JPY JPY
HOT HOT
Buy Holo (HOT)

Purchase Holo (HOT) with Japanese yen (JPY) 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 JPY 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 is the JPY/HOT trading pair and what does it represent?

    The JPY/HOT pair represents the exchange rate between the Japanese Yen (JPY) and the Holo (HOT) token. HOT is an ERC-20 token that acts as a placeholder for HoloFuel, the native currency for Holochain's peer-to-peer hosting network. Trading this pair allows you to use a major fiat gateway like JPY to acquire a stake in the Holochain ecosystem, which uses an agent-centric Distributed Hash Table (DHT) instead of a traditional blockchain to power its holographic apps (hApps).

  • What are the common methods for purchasing HOT with Japanese Yen?

    To purchase HOT with JPY, you typically need to use a cryptocurrency exchange that lists the JPY/HOT pair or a JPY/stablecoin pair. The process involves registering on a regulated Japanese exchange, completing the required KYC/AML compliance checks, depositing JPY via a domestic bank transfer, and then placing a buy order on the platform's order book. Some exchanges may require converting JPY to a base cryptocurrency like BTC or ETH first before trading for HOT.

  • What is the relationship between the HOT token and the upcoming HoloFuel?

    The HOT token is an ERC-20 token on the Ethereum blockchain that served as an IOU during Holo's initial community offering. It will be swappable 1:1 for HoloFuel upon the full launch of the Holo network. HoloFuel is the native, mutual-credit currency designed specifically for the Holochain ecosystem. It will be used to pay hosts for providing processing and storage for hApps, functioning as a micro-transaction system powered by HoloPorts and a proof-of-service mechanism.

  • How does Holochain's agent-centric architecture differ from a standard blockchain?

    Unlike a standard blockchain which relies on global consensus for a single, universal ledger, Holochain uses an agent-centric model. Each participant (agent) maintains their own cryptographically signed source chain. Data is shared and validated among peers on a need-to-know basis within a Distributed Hash Table (DHT). This design avoids blockchain bottlenecks, enabling higher scalability and efficiency for decentralized applications (hApps) by localizing consensus.

  • What security measures should be taken when storing HOT tokens purchased with JPY?

    Since HOT is an ERC-20 token, it should be stored in a secure Ethereum-compatible digital wallet where you control the private keys. Best practices include using a hardware wallet for long-term storage, as it keeps your keys offline. Avoid leaving large amounts of digital assets on a cryptocurrency exchange to mitigate risks from platform hacks. Always enable two-factor authentication (2FA) on your exchange account and use strong, unique passwords for all services.
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