How to Buy Holochain (HOT) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Holochain, and is trustworthy!

You can find our top 3 exchanges for buying Holochain here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Holochain

And of course, the final step is to find Holochain on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Holochain (HOT)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Holochain

  1. Sign into the exchange
  2. Find where you stored your Holochain, either on a hardware wallet or on the exchange.
  3. Transfer your Holochain to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Holochain.
Businessman looking at crypto trend

Considerations when looking to buy Holochain.

Holo is a peer to-peer distributed platform that hosts decentralized applications created using Holochain. This framework allows for the development of DApps without the need for blockchain technology. Holo serves as a bridge between apps created using Holochain and the wider internet. It offers an ecosystem and marketplace where DApps can be easily found, since they are hosted by Holo network members.

HoloFuel will facilitate the Holo network. It is currently being tested and will serve as an accounting system to charge hosts for their services. The project issued an ERC-20 token called HOT, also known as HoloToken. This token can be used to redeem HoloFuel's "IOU" upon launch.

Holo is still under development. It is expected that Holo will launch in open beta and alpha testing by 2021.

According to the "green paper", Holo was created to be a bridge between Holochain (which represents crypto technology) and everyday users. It highlights several innovations it claims will "enable large changes in the landscape crypto applications and currencies," including hosting P2P apps online for mainstream users.

Holochain-based DApps are stored and processed by a number of hosts. The hosts can either run software that runs in the background to allocate extra processing power for Holochain-based DApps or they own a HoloPort. Hosts are paid in HoloFuel (a token specifically for microtransactions) in exchange. HoloFuel's design is expected to enable the Holo network process billions of simultaneous transactions.

The business plan for the project focuses on creating a P2P network of hosts and applications. It compares its effect on app hosting with that of Uber or Airbnb in the taxi and hotel industry, respectively. HoloFuel transactions are charged a fee by Holo, which means that the company's revenue model is directly linked to increasing the number of hosts and applications on the network.