Holo coin (HOT) is an ERC-20 token that runs on the Ethereum blockchain. Holo is a peer-to-peer platform for hosting decentralized applications (dApps), allowing creators to build applications without using blockchain technology. Holo aims to act as the bridge between blockchain-based applications that are traditional in the crypto space and mainstream web applications. Holo was founded by veteran software developers Arthur Brock, who previously contributed to the Metacurrency Project, and Eric Harris-Brock who founded Geek Gene.
Holo’s token, HOT, is used as a utility token for the Holo network, and users who offer computational power to the network are rewarded with tokens. In the future, Holo is looking to migrate to a new token called HoloFuel which will act as an accounting system to pay hosters for their services, and the ERC-20 based HOT tokens will be redeemable for Holofuel. Holo’s mission is to build a better web that supports its community, allowing anyone to cloud-host and earn revenue in HoloFuel.
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Because stablecoins are often pegged to FIAT currencies with stable values, they are useful tools for currency conversion. Coins such as USDC, USDT and QCAD won't swing wildly up or down in value between withdrawal and funding another account.
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