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Convert
Peruvian Sol (PEN) to Holo (HOT) Instantly

PEN PEN
HOT HOT
Buy Holo (HOT)

Purchase Holo (HOT) with Peruvian Sol (PEN) 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 PEN 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 most common process for buying Holo (HOT) with Peruvian Sol (PEN)?

    To buy the digital asset Holo (HOT) with Peruvian Sol (PEN), you typically need to use a cryptocurrency exchange that serves the Peruvian market. The process involves creating an account, completing KYC/AML compliance by verifying your identity, and then funding your account using a local payment method like a Peruvian bank transfer. Once your PEN funds are deposited, you can navigate to the PEN/HOT trading pair and place a market or limit order to complete the purchase.

  • Why is the PEN/HOT pair important for accessing the Holochain ecosystem from Peru?

    The PEN/HOT trading pair is significant because it provides a direct fiat on-ramp for users in Peru to enter the Holochain ecosystem. This allows them to acquire HOT, an ERC-20 token that will be swappable for HoloFuel, without first converting PEN to another major currency like USD. This direct access simplifies the investment process and is crucial for developers and users interested in building or using scalable dApps (hApps) on Holochain's agent-centric network.

  • What should I know about Holo's technology before trading the PEN/HOT pair?

    Before trading PEN for HOT, it's vital to understand that Holo is not a traditional blockchain. It's powered by Holochain, which uses a Distributed Hash Table (DHT) for its data integrity engine, enabling agent-centric computing. This architecture is designed for highly scalable dApps (called hApps) with greater efficiency than many blockchain-based platforms. HOT is currently an ERC-20 token acting as a placeholder until the mainnet launch, where it will be swapped for HoloFuel.

  • What types of fees are associated with purchasing HOT using Peruvian Sol?

    When purchasing Holo (HOT) with PEN, several fees can apply. Cryptocurrency exchanges typically charge a trading fee, which is a percentage of the transaction value. There might also be deposit fees depending on your chosen payment method, such as a Peruvian bank transfer. Finally, when you withdraw your HOT to a personal digital wallet, you will incur a network fee (gas fee) since HOT is an ERC-20 token on the Ethereum network.

  • After buying HOT with PEN, what is the most secure way to store it?

    For secure storage after your PEN to HOT transaction, it's highly recommended to move your digital asset off the exchange into a personal digital wallet where you control the private keys. Since HOT is an ERC-20 token, you can use any Ethereum-compatible wallet. For maximum security, a hardware wallet is the best option as it keeps your private keys offline, protecting them from online threats. Always ensure you back up your wallet's seed phrase securely.
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