Holo
Crypto Overview
Project Overview
Holochain is a distributed computing platform that aims to create a more decentralized internet by enabling peer-to-peer applications without traditional blockchain limitations. The HOT token is an ERC-20 token that will be exchangeable 1:1 for HoloFuel, the native currency of the Holochain ecosystem, once the mainnet launches.
Intended Utility
The primary purpose of HOT/HoloFuel is to facilitate hosting payments in the Holochain network. Users who provide hosting services (HoloHosts) earn HoloFuel as compensation for their computing resources. The token serves as a medium of exchange within the ecosystem, enabling a hosting marketplace for distributed applications.
Actual Utility and Development
The project maintains active development with regular GitHub commits and updates. While the mainnet launch has faced delays, the team continues to make progress on the core infrastructure. Current usage is limited as the platform is still in development, with most HOT tokens being held speculatively pending the transition to HoloFuel.
Token Distribution and Founder Analysis
Initial token distribution allocated 25% to the team and company, with reasonable vesting periods. The project raised funds through an ICO in 2018 with clear terms and use of proceeds. The founding team, led by Arthur Brock and Eric Harris-Braun, has maintained consistent involvement and demonstrates genuine commitment to the project's development.
Revenue Model and Technology
The revenue model is based on hosting fees paid in HoloFuel, which represents actual value exchange for computing services. The system does not involve interest-bearing mechanisms or lending. The technology focuses on distributed computing and application hosting, with no involvement in prohibited industries.
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.