 | Holo (HOT)ICO Holo (HOT) is a decentralized cloud hosting platform that enables distributed applications to serve mainstream Internet users and provide the scalable crypto-accounting infrastructure required to manage these applications. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
|
OpenWhat is Holo
Users utilize Holo? hosting box to host their own apps and data and earn Holo fuel? for sharing extra space and computing power to host apps for others. Instead of burning computation on mining, Holo Hosts? get paid for providing hosting to mainstream users who just use their browser instead of installing Holochain.
The Holo? ecosystem relies on hosts that provide processing and storage for distributed applications while earning redeemable credits.
Holo? enables hosts to turn a consumer-grade mini-computer into a source of revenue, where they get paid for hosting distributed applications. Hosts ?choose what apps to serve, and set their own hosting prices and priorities.
Hosts are paid in Holo's? crypto-credits, called Holo fuel?, which are efficiently designed to transact a high volume of micro-transactions.
Holo fuel? functions by enabling the long-proven standardized practice of double-entry accounting with layers of cryptographic assurance on top of it.
DetailsPublic sales: Mar 29, 2018 - Apr 28, 2018Token supply: 250,000,000,000 HOT Soft cap: 1,000,000 EUR Hard cap: 25,000,000 EUR Raised: 15,000,000 USD LegalCountry limitations: USA, South Korea, ChinaRegistration country: Gibraltar | Token infoTicker: HOTType: Utility-token Token standard: ERC-20 Token price in USD: 1 Token = 0.000120 USD Accepted currencies: ETH Token distribution: 75% Community 25% Team & Organization Funds allocation: 15% Holo Development 10% Holochain Development 40% Currency Reserve 10% Infrastructure 10% Operations 5% Support of Developers, Hosts & App Providers 5% Marketing & Communications 5% Events & Programs |
Holo Roadmap
- Crowdfunding campaign and ICO to raise capital for Holo, grow Holo network, and attract developers for Holochain.
- Alpha 0 and then Alpha 1 Release.
- Design and prototype voting and decision making apps (meta-apps that can be included within other Holochain apps).
- First boxes shipped to 500+ hosts.
- Alpha 2 including high level application development framework and pluggable governance.
- Holochain Directory acts as an app store/package manager for the 50 or so Holochain based applications that have been created to date. Partnerships established for other asset-backed currencies (energy, food, housing, etc.).
- First test transaction on Holo using Holo fuel. Reaching 5,000 hosts.
- Alpha 3 includes security audit and the ability to adjust DHT parameters and behavior.
- 100 test transactions an hour on Holo using Holo fuel. Test net of Holo running on 15,000 host device.
- Holochain in solid Beta Release. Commitment to backward compatibility and more security audits.
- Test net Holo running on 30,000 host devices. Number of Holochain nodes has surpassed number of bitcoin nodes. (Currently BTC 7900, ETH 26,000). By end of the year, approaching production level sophistication.
- Peer-to-Peer applications on Holochain reach 50 apps and 10,000 users (with apps that don't require paid hosting to smooth out imbalanced production/consumption). By end of the year, approaching production level sophistication.
- Replacement for gmail/gdocs/collaboration tools app available as beta on Holochain.
Project team
Social media
One Response
About Holo
Our ICO is not an Initial Coin Offering like most ICOs. It’s an Initial Community Offering. There’s two main reasons for that. One is that our currency design is not about coins, it’s not coin-centric or token-centric, it’s agent-centric, even though for the ICO we are offering temporary tokens, ERC20 tokens that function as a receipt for the fuel that they bought. That receipt will then be redeemed for Holo fuel after Holo launches. When they redeem that receipt, their account gets credited, and the Holo account gets debited because it’s not coins created from nothing, it’s actually a double-entry accounting system.
Holo will end up in debt, the amount of money we raised which makes sense. It actually holds us to account for the money we raised. However, it is also congruent with our whole approach for the ethical ICO. It’s not about the coins, it’s actually about the community. I think the base level difference that matters is the fact that we’re not designing this so that we can get rich of it, we are designing a system that, as we believe, will thrive. It’s how do we make it “win, win, win” across the board for people to participate so that this is an enlivening, engaging space and community. Thinking through who are all the players in the space, and what are their needs, and how can we be of service to them is at the root of the design.
Many people think that because people will come and buy your coin, now you’ve found your user base. However, if your offering has sold out in 30 seconds, you didn’t get much of a user base, just because if somebody buys a gambling chip, especially if they have crypto billions that they need to diversify, it doesn’t mean they care about your product at all, it doesn’t mean you found your user base just because you got some money. We really wanted to figure out how we can make sure that we’re reaching the people that are going to run this network. What our Indiegogo campaign does is connects to our Initial Community Offering, and it proves the demand of the currency that we’re selling in the Initial Community Offering. We’re doing this because we’re trying to act responsibly. One of the patterns of currency that needs to be in the world is responsible issuance of currency which means that you only issue currency in direct correlation with the value that is behind that currency. In this case, the value behind the currency is what we’re building: the Holo community. That is an indicator of how many hosters there are, how many developers there are in that community. Therefore, those two things are connected.
We have the infrastructure and now this flow comes in. The flow, the currency for the ICO, relates to this infrastructure. The more there are devices being sold, developers engaging, the more tokens we’re releasing in the ICO. We’re starting at €2.5 million, and then, thereafter, every purchase in the crowdfunding releases an amount of currency in the ICO.
We’ve made it hard for whales to just suck it up all at once. it’s going to be spread over many days. You can’t buy more than 10% of the supply (on any given day), you get things reserved for you if you’ve become a Host or a Dev. We’ve taken a lot of care to have this serve and reach the community.
The impact in the world is that we have created a space that is more humane. There is a larger community that’s ready for this, that wants to build with us and believes that this is the right pathway, so we can begin co-creating with that community. It’s totally enlivening.
For us, it was just a healthy way to make sure people aren’t just showing up to gamble because we don’t think that’s a healthy community. We get to a world in which the interactions that we’re doing at this global scale are human-centric as opposed to money-centric. That matters a lot in creating a world that works for more of us.