OGAudit Web3 Research: @H_O_L_O_ $HOT - The 8 Year IOU Token Finally Testing Its Migration to HoloFuel?
Holo has been building community owned distributed hosting infrastructure for Holochain applications since 2016 with HOT tokens serving as an ERC-20 IOU redeemable for HoloFuel:
- Holo provides cloud hosting nodes, web bridge infrastructure and decentralized hosting services, keeping data ownership, user agency and system control with people rather than platforms. Live production partners include Visvere and HummHive demonstrating real enterprise deployments on Holo infrastructure. The Holo network allows any Holochain application to be accessed via a standard web browser, bridging P2P apps with the conventional internet.
- HOT is an ERC-20 placeholder token minted in 2018 redeemable 1:1 for HoloFuel upon mainnet launch. The HOT to HoloFuel technical migration test is now live, the most significant development since the original token sale. HoloFuel is designed as a mutual credit currency where hosts earn by providing compute and hosting services with no supply cap and algorithmic expansion tied to network demand.
- 177.62B HOT represents the full supply with 75% sold in ICO, 25% company reserve and a FDV equal to market cap and zero future token dilution. No confirmed date for the HOT to HoloFuel swap has been announced despite active testing.
Is the live HOT to HoloFuel migration test, two production grade enterprise partners, agent centric architecture with no global consensus and an ICO complete token supply the setup for Holo’s long delayed mainnet moment or does eight years of “coming soon” on the HoloFuel swap, 98.9% ATH decline and $57M market cap after nearly a decade of development confirm that Holochain’s technically novel architecture has not yet found its market?
Category: Infrastructure
Coin Name: $HOT
Circulating Supply: 177.62B
Market Cap: $57M
Market Cap Rank: #370
OG (Trust) Score: 32.44
OG Score Rank: #445/1351
Reviewed by 11 OG Auditors.
See the Social Audit with Reviews by crypto OG’s and more on the $HOT Coin page: ogaudit(.)com/crypto/holo-hot
https://t.co/rKEXGvgs8k
