Holo
Crypto Overview
Project Overview
Holo (HOT) is the native token of the Holochain ecosystem, a distributed computing platform designed to enable a more distributed internet where users can host applications from their personal devices. The project aims to create a peer-to-peer network that allows for more scalable, efficient, and user-controlled web applications.
Intended Utility
The HOT token is designed to be converted to HoloFuel, which will be used to compensate hosts for providing computing resources to the network. Users who host Holochain applications (hApps) on their devices earn HoloFuel as compensation.
Actual Utility and Development
The project has maintained consistent development activity, with regular updates to the Holochain framework. The team has released multiple versions of their testing environment and developer tools. Several applications are being developed on the platform, though full mainnet launch is still pending.
Token Distribution and Governance
The token distribution shows a relatively transparent structure, with 25% allocated to the team and company, subject to a vesting schedule. The remaining tokens were distributed through an ICO and community initiatives. The project maintains regular development updates and transparent communication about progress.
Technology and Revenue Model
The underlying technology focuses on distributed computing and doesn't involve interest-bearing mechanisms. The revenue model is based on providing and compensating for real computing resources, which aligns with Islamic principles of fair exchange of value.
Crypto Impact
To assign a comfort level investing in Holo from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Holo.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.