$HOT
Holo (HOT) is a cryptocurrency built on Holochain technology, which aims to create a decentralized hosting platform for distributed applications (dApps). Unlike traditional blockchain systems, Holochain operates on a unique peer-to-peer (P2P) model, where individual devices can host applications and share computing resources without the need for centralized servers. This enables scalability, efficiency, and user autonomy.
Holo's HOT token is used to incentivize network participants who host and maintain the system. It is designed to democratize internet services, allowing users to maintain ownership of their data and reduce centralized control over digital services. The total supply of HOT tokens is capped at 250 billion, with a large portion allocated to network participants, while Holochain's team holds a minority share.
As of now, the price of HOT is about $0.0032, and it ranks in the top 200 cryptocurrencies by market capitalization.
