Blockchain technology has signified a quantum revolution for the app-building market.
Generally speaking, ‘traditional’ apps are designed by an individual, or group of individuals, are normally owned by the designer/s, and are offered for download and use through a centralized hub, such as an app store.
But blockchain technology introduced the world to a novel way of creating and distributing apps. In this ecosystem, the underlying chain plays host to a new breed of decentralized applications which are not owned by anyone, and exist everywhere on the network. Welcome to the fascinating world of DApps.
Decentralized Applications (DApps) are hard to define accurately. They must, however, share a number of common features whose description is beyond the scope of this piece. You can find plenty of info out there on the net.
New DApps are being created every day, for a wide variety of purposes. Holo is an original ICO that comes with a proprietary technology, Holochain, which hosts and runs DApps for a number of markets.
Holochain Technology: bridging the gap between crypto and mainstream
Holo’s proprietary technology, Holochain, enables greater scalability and hosting capabilities for “mainstream” internet users, thus establishing a technological link between the crypto world and everyday users.
Holo & Holo fuel – processing power for DApps
Holo’s value proposition centers around creating a community of users who can provide hosting space and time for other users’ applications, using Holo fuel as a sort of payment commodity.
According to the whitepaper, “Holo fuel is not a crypto-token or cryptocoin, but a mutual credit accounting system where every transaction is countersigned on the local chains of both counterparties.”
In other words, Holo fuel is an internal non-financial credit device which enables the holder to share additional hosting space so that others can run their apps.
HOT tokens are tradeable for Holo fuel.
Holo in figures & quick facts
We've raised 7500+ETH so far! Massive thank you to our supporters!
Our #InitialCommunityOffering runs until Apr 27th. Learn more about what we're building and how you can participate by joining our telegram channel:https://t.co/Kxeng0KGQl#HoloToken = $HOT pic.twitter.com/TVBGAGTltG
— Holo (@H_O_L_O_) April 14, 2018
- Token name – HoloToken (HOT)
- Total amount of tokens available for sale – 25bn HOT
- Token price – 10,000 HOT = 0.0022671895 ETH
- ICO start date – March 29th 2018
- ICO end date – April 28th 2018
- Soft cap – €1m
- Hard cap – €25m
The HOT token
Our #community #engagement has continued to blossom in extraordinary ways & we couldn't be happier! Here is an important update to show how much we appreciate & #love each participant in our #InitialCommunityOffering.
Join the community in conversation at: https://t.co/scPwHQOaq3 pic.twitter.com/WMghXZNC9k— Holo (@H_O_L_O_) April 18, 2018
The Holo token (HOT), based on the Ethereum ERC-20 Standard, are described in the whitepaper as having “no known or intended future use (other than the anticipated conversion on Holo’s application in the form of Holo fuel)”.
The team
Learn more about the Holo team here.
Social media presence and digital footprint
Many see recent developments in distributed ledger technology, as an opportunity to break the banks chains. With #Holochain & the decentralized internet of tomorrow we can say #NowWeOwn our data, our apps, our internet. #TakeBacktheNet #commons
Contact us: https://t.co/scPwHQOaq3 pic.twitter.com/kyU5RruWsd— Holo (@H_O_L_O_) April 14, 2018
Here are the SM numbers for Holo at the time of writing (mid-April 2018).
- Twitter – 1,562 followers
- Facebook – 1,863 followers
- Medium – 524 followers
- Telegram – 921 followers
- Instagram – 220 followers
- YouTube – 783 followers
Competition
"If you’re looking for systemic criteria to track organizational and market dynamics, let the first display of high impact come from our benchmarking estimations and architecture that decreases energy expenditure of #blockchain by a factor of a million."https://t.co/7iZxaWUzDD
— Holo (@H_O_L_O_) April 14, 2018
Hosting platforms for DApps, or any other type of applications, are common across the blockchain. Token Changer or Hostcoin offer similar services, for instance.
Where Holo does stand out is through Holochain, whose Beta iteration is scheduled to be released sometime in Q3 of this year, pending the financial results of the ICO.
This proprietary technology may become Holo’s winning hand, but we’ll have to wait for an outcome later in the year.
Additional Information
See Holo ICOBench review.
Consult the Holo Whitepaper for more information about the platform and services.
Conclusion
Holo’s DApp hosting solution is still in its Alpha phase, which means no general release as of yet. This in no way infers success or failure, it simply means that it’s an ongoing effort to try out the technology.
Hosting platforms on the blockchain are not unique, but Holochain technology is. This factor may decide Holo’s ultimate fate.
