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Convert
Saudi riyal (SAR) to Holo (HOT) Instantly

SAR SAR
HOT HOT
Buy Holo (HOT)

Purchase Holo (HOT) with Saudi riyal (SAR) 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 SAR to HOT Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your Holo Wallet Address

    Provide your HOT wallet address and proceed with the payment.

  3. 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 SAR/HOT trading pair and what does it represent?

    The SAR/HOT pair represents the direct exchange rate between the Saudi Riyal (SAR) and the Holo (HOT) token. It serves as a crucial fiat on-ramp for users in Saudi Arabia, providing direct access to purchase this digital asset and engage with the emerging Holochain ecosystem, which focuses on agent-centric, peer-to-peer holographic apps (hApps).

  • What are the common methods to buy Holo (HOT) using Saudi Riyal (SAR)?

    To buy HOT with SAR, you typically need to use a cryptocurrency exchange that supports SAR deposits. The process involves creating an account, completing KYC/AML compliance checks, and then funding your account via a SAR bank transfer. Once funded, you can place an order on the SAR/HOT order book to execute the digital asset purchase and then transfer the HOT to your secure digital wallet.

  • What is Holochain's technology and how does HOT relate to it?

    Holochain is not a traditional blockchain. It's a framework for building fully distributed, peer-to-peer applications using an agent-centric model with a Distributed Hash Table (DHT). HOT is currently an ERC-20 token that acts as an IOU for HoloFuel. HoloFuel will be the native, mutual-credit currency of the Holo network, used to pay hosts for providing processing and storage for hApps. This Proof-of-Service system is a core part of its design.

  • What regulations should I be aware of when trading crypto with SAR in Saudi Arabia?

    The regulatory landscape for digital assets in Saudi Arabia is evolving. While there isn't an outright ban, the Saudi Arabian Monetary Authority (SAMA) has issued warnings. It's imperative to use regulated crypto platforms that adhere strictly to local KYC/AML guidelines. Always conduct your own research on a platform's legal standing in the Kingdom before using it as a fiat gateway for your SAR transactions.

  • What types of fees are involved when purchasing HOT with a SAR bank transfer?

    Several fees can apply. First, your bank may charge a fee for the SAR bank transfer to the cryptocurrency exchange. Second, the exchange will have a trading fee, often structured as a maker/taker fee, for executing the purchase on its order book. Third, when you move your HOT off the exchange, there will be a withdrawal fee. Since HOT is an ERC-20 token, remember that any subsequent on-chain blockchain transaction will also incur Ethereum network gas fees.
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