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Convert
Malaysian Ringgit (MYR) to Holo (HOT) Instantly

MYR MYR
HOT HOT
Buy Holo (HOT)

Purchase Holo (HOT) with Malaysian Ringgit (MYR) 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 MYR 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 MYR/HOT trading pair and how does it function on a cryptocurrency exchange?

    The MYR/HOT pair allows you to directly purchase Holo's ERC-20 token, HOT, using the Malaysian Ringgit (MYR). On a cryptocurrency exchange, it acts as a direct fiat on-ramp, enabling users to trade MYR for this digital asset without first converting to another crypto like BTC or ETH. This is significant for accessing the Holochain ecosystem, a framework for building decentralized applications using an agent-centric computing model rather than traditional blockchain technology.

  • What are the typical steps to buy Holo (HOT) with Malaysian Ringgit (MYR)?

    First, select a regulated cryptocurrency exchange that lists the MYR/HOT pair and complies with Securities Commission Malaysia guidelines. You will need to complete the KYC/AML (Know Your Customer/Anti-Money Laundering) verification process. After your account is approved, deposit MYR using a supported local payment method like FPX or a direct bank transfer. Finally, navigate to the MYR/HOT order book, place a buy order for the desired amount of HOT, and execute the trade.

  • What is the core utility of HOT within the Holochain network for those acquiring it via MYR?

    HOT is an ERC-20 placeholder token that will be swappable 1:1 for HoloFuel upon launch. HoloFuel is the native micro-currency of the Holochain network, designed to pay hosts for providing computing and storage resources for decentralized applications (hApps). For a developer or user in Malaysia, acquiring HOT with MYR is a direct pathway to securing future hosting credits for building or using highly scalable peer-to-peer applications on Holochain's unique Distributed Hash Table (DHT) architecture.

  • After completing a MYR to HOT trade, what is the best practice for storing my digital assets?

    For enhanced security, it is strongly recommended to move 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-based wallet, such as MetaMask (software wallet) or hardware wallets like Ledger or Trezor for the highest level of security. This practice of self-custody protects your assets from exchange-specific risks like hacks or downtime.

  • What types of fees are involved in a MYR to HOT blockchain transaction?

    A complete MYR to HOT transaction typically involves several fees. First, there may be a deposit fee for funding your exchange account with MYR via methods like FPX. Second, the exchange will charge a trading fee (either a 'maker' or 'taker' fee) when you execute the buy order. Finally, if you withdraw the HOT to a personal wallet, there will be a withdrawal fee, which critically includes the Ethereum network's gas fee. This gas fee is required to process the ERC-20 transaction on the blockchain and can fluctuate based on network congestion.
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