This answer depends a lot on another question which is: "What is this Holo [HOT] network?". Why have you gained trust and appreciation lately? Let's step by step...
HOT [HOLO] what is
Panoramacrypto explains this explanation as follows: "Holo is a distributed registry peer-to-peer platform aimed at hosting decentralized applications developed using Holochain, a framework that allows the development of decentralized applications that do not require the use of technology blockchain.
Holo's goal is to serve as a bridge between the Internet and applications developed with Holochain, offering an ecosystem and market where applications are easily accessible, as they are hosted on the Internet by participants in the Holo network. In 2018, the project coined an ERC-20 token, HOT - also known as HoloToken. "
Where it is listed
She is currently listed on several exchanges including Binance, where she has the strongest liquidity. In the one-month chart, we have a great appreciation, according to the article published by beinctypto was due to the US approval of the HOLO patent. In summary, she comments: "One of the reasons behind this huge price increase may be the approval by the United States government of a Holo patent, called rrDHT.
RrDHT is a network project implemented in the open source framework of Holochain. The network enables the development of decentralized applications (dApps) that require blockchain technology. The project describes a system of nodes that communicate according to a centralized hash table.
This way, it is easier to represent complex distributed data models. The network focuses on methods for saving, storing and retrieving data on a computer system that has multiple nodes. Despite being an open source project, Holo registered this patent to guarantee ownership of the technology. "
This made Token HOT go up more than 2,000% after patent approval in the USA according to the matter.
Another article also mentions 02 factors that make us think about HOT! , which is "What does Holo change in my life? and" What is the future of the network? "
She says: "Holo was designed to act as a bridge between Holochain, which represents the crypto world, and ordinary internet users. For example, ordinary users will be able to host P2P applications on the internet using the platform. The network depends on a series of hosts that provide storage and processing power for decentralized applications developed at Holochain.
Hosts are computers where an application running in the background is installed, which automatically allocates processing power to those applications. In return, they receive HoloFuel tokens. With this, the network gains a huge capillarity in storage and processing. "
And your future?
He adds: "The project's business plan foresees the construction of a P2P ecosystem of hosts and applications. With that, the company intends to be for hosting applications the same as Uber and Airbnb were for the taxi and hotel sectors, respectively The network charges a fee on HoloFuel transactions, so its revenue model is directly related to the increase in the number of applications and hosts on the network. "
