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Convert
South African Rand (ZAR) to Holo (HOT) Instantly

ZAR ZAR
HOT HOT
Buy Holo (HOT)

Purchase Holo (HOT) with South African Rand (ZAR) 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 ZAR 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 exactly is the ZAR/HOT trading pair?

    The ZAR/HOT pair represents a direct fiat on-ramp allowing you to purchase Holo (HOT) tokens using South African Rand (ZAR) on a cryptocurrency exchange. HOT is an ERC-20 token that serves as a placeholder for HoloFuel, the future native currency of the Holochain network. This pair is significant for South African users as it provides direct access to the Holochain ecosystem, a project built on an agent-centric computing model rather than a traditional blockchain.

  • What is the best way to buy HOT using ZAR in South Africa?

    The most common method is to use a regulated South African cryptocurrency exchange that lists the ZAR/HOT pair. The process involves creating an account, completing FICA (South Africa's KYC) verification, depositing ZAR via Electronic Funds Transfer (EFT) from a local bank account, and then placing a buy order for HOT on the exchange's order book. This ensures compliance and typically offers the most competitive rates.

  • How does Holochain's technology differ from typical blockchains I might be familiar with?

    Holochain is not a blockchain. Instead of a single, global consensus ledger, it uses an agent-centric computing approach with a Distributed Hash Table (DHT). Each user (agent) maintains their own secure ledger. This data integrity engine is designed for building highly scalable and efficient peer-to-peer applications (hApps). When you buy HOT, you are investing in an ecosystem that prioritizes individual data sovereignty and aims to be more energy-efficient than traditional Proof-of-Work blockchains.

  • What are the common fees associated with buying HOT with ZAR?

    When purchasing HOT with ZAR, expect several potential fees. First, there may be a deposit fee for funding your exchange account with ZAR via EFT, though many exchanges offer this for free. Second, the exchange will charge a trading fee (either a 'maker' or 'taker' fee) when your order is executed. Finally, if you move your HOT tokens to a personal digital wallet, you will incur a withdrawal fee from the exchange and an Ethereum network gas fee, as HOT is an ERC-20 token.

  • How can I securely store my HOT tokens after purchase?

    For optimal security, it is highly recommended to transfer your HOT tokens from the cryptocurrency exchange to a personal, non-custodial digital wallet. Since HOT is an ERC-20 token, it is compatible with any Ethereum-based wallet such as MetaMask, Trust Wallet, or a hardware wallet like Ledger or Trezor for the highest level of security. Always ensure you back up your private keys or seed phrase and store them offline in a secure location.
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