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Convert
Philippine Peso (PHP) to Holo (HOT) Instantly

PHP PHP
HOT HOT
Buy Holo (HOT)

Purchase Holo (HOT) with Philippine Peso (PHP) 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 PHP 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 PHP/HOT trading pair and what does it represent?

    The PHP/HOT pair allows you to purchase Holo (HOT), an ERC-20 token for the Holochain network, using the Philippine Peso (PHP). It serves as a direct fiat on-ramp for users in the Philippines to invest in Holo's vision of a distributed, agent-centric computing network for hosting peer-to-peer applications (hApps), bypassing the need to first convert PHP to another major cryptocurrency.

  • What are the typical payment methods for buying HOT with PHP?

    When purchasing HOT with PHP, the most common methods are via peer-to-peer (P2P) markets on major cryptocurrency exchanges. These platforms facilitate trades using popular local payment systems such as GCash, PayMaya, and direct bank transfers through services like InstaPay or PESONet. These options offer a direct fiat gateway, though KYC/AML compliance is required on the exchange.

  • How does Holo (HOT) technically differ from a standard blockchain cryptocurrency?

    Holo (HOT) is an ERC-20 token on Ethereum, acting as a promissory token for HoloFuel, the native currency of the Holochain network. Holochain itself is not a blockchain. It uses a Distributed Hash Table (DHT) framework, enabling an 'agent-centric' computing model where each user maintains their own ledger. This architecture is designed for high scalability and efficiency for decentralized applications (hApps), avoiding the global consensus bottlenecks of traditional blockchains.

  • After buying HOT with PHP, what are the next steps for securing my digital asset?

    Once your PHP to HOT transaction is complete, the HOT tokens will be in your exchange wallet. For long-term secure storage, it is highly recommended to withdraw the tokens to a personal digital wallet that supports ERC-20 tokens, such as MetaMask or a hardware wallet. This gives you control over your private keys, protecting your assets from exchange-related risks. Always double-check the recipient address and account for Ethereum gas fees during the transfer.

  • Are there specific fees to consider when trading PHP for HOT?

    Yes. First, when using P2P platforms, the price may include a spread set by the seller. Second, the cryptocurrency exchange itself may charge a trading fee. Third, and critically, when you move your HOT tokens off the exchange, you will incur an Ethereum network 'gas fee' for the blockchain transaction, as HOT is an ERC-20 token. This gas fee varies based on network congestion. While PHP transfers via GCash or InstaPay are often free or low-cost, the on-chain withdrawal fee is an important consideration.
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