HOLO token, also known as HOT, is the native cryptocurrency of the Holo platform. Holo is a blockchain-based project that operates as an open-source market for peer-to-peer (P2P) applications, providing a decentralized hosting solution. Here's what you need to know about HOLO token ¹ ²:
- *Token Purpose*: HOT tokens create an ecosystem where developers pay hosts for their services, and end-users can access these applications without needing to purchase tokens.
- *Token Supply*: The total supply of HOT tokens is approximately 177.62 billion.
- *Market Capitalization*: The current market capitalization of HOT token is around $151.41 million.
- *Current Price*: The current price of HOT token is $0.000852, with a 24-hour trading volume of $2.05 million.
- *Use Cases*: HOT tokens can be used for various purposes, including:
- *Rewards for Hosts*: Network participants can host and run P2P applications and receive rewards in the form of HoloFuel.
- *Decentralized Applications*: HOT tokens enable developers to create and launch P2P apps, known as hApps, on the Holo platform.
- *Trading*: HOT tokens are available for trading on various cryptocurrency exchanges, including Binance, (link unavailable), and (link unavailable)
It's worth noting that there's another token called Holoworld AI (HOLO) which is a different token and should not be confused with Holo (HOT). Holoworld AI (HOLO) token is priced at $0.28 and has a total supply of 1,061,993,508.1 ³.