Learn everything you need to know about Holo Token or HOT. Also learn how and where you can buy Holo Token in 2022.
Cryptocurrency is a digital money that has no physical backing. These coins are only available virtually. Online traders can exchange Holo Token to other virtual cryptocurrency coins. Holo Token is a digital currency. Unlike other types of money, your Holo Token is unique and cannot be stolen by a competitor. The value of Holo Token depends on the total supply and demand of the coin. People who solve complex algorithms (known as “proof of work”) earn new Holo Token. These people called miners.
The idea behind Holo Token is to create a peer-to-peer payment system without the involvement of banks or other intermediaries. Holo Token is a form of digital currency that allows individuals to transfer funds directly from one party to another without using a central bank.
Today, in this article, we are going to share how to buy and trade in Holo Token. You will also learn Where to buy Holo Token securely without any issue.
About Holo Token Coin: Price, Rank, and Market Cap
Price to USD | $0.005092 |
Price to BTC | 0.0000001227BTC |
Rank | 94 |
24h Volume | $24.7 Million |
Market Cap | $904.5 Million |
Fully Diluted Market Cap | $904.5 Million |
All-time high | $0.031715 |
What is HOT and How Does It Work?
HoloChain is a peer to peer DAPP (Decentralized Application Platform) that is used to process agentcentric agreements and consensus mechanisms between parties. Holochain does not have a true global consensus mechanisms. Instead each user on the chain supports a private fork which holds limited information using a distributed hash table. This mechanism allows for every user on the network to function independenly, and requires synchronization on when neceesary, or is agreed upon by both parties. The Holo platform depends on hosts that provide the computing resources necessary for the processing and data storage for the DAPP. In return these resource providers are awarded redeemable credits for their contribution. Holochain DAPPS allow for users to develop in a multitude of different programming languages such as Javascript, Lisp on the backend, and can be used in conjuction with CSS, HTML,and JavaScript on the front end.
Technology behind Holo Token (What is HOT )?
Blockchain is the technology behind the all cryptocurrency like Holo Token. Holo Token is the name of the best-known cryptocurrency, the one for which blockchain technology was invented. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and and decentralized. So no one can control or manage it.
What is blockchain technology?
A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using blockchain, user can confirm transactions without a need for a central clearing authority like bank. All your records are saved on decentralized computers in realtime. So no one can manipulate with any information.
Overview on Holo Token: The latest Valuation!
The live Holo Token price on April 22, 2022 is $0.005092 USD with a 24-hour trading volume of $24.7 Million USD. We update our Holo Token to USD price every 24 hours. The current market cap of Holo Token is $904.5 Million.
The value of the coin is 0.005092 in comparision with BTC. The Rank of this coin is 94. Till now, the coin has reached the value of 0.031715.
The total supply of Holo Token is 177.619 B and the maximum supply is 177.619 B. As of today, the volume of this Holo Token is $24.691 M. The total market cap of Holo Token is $904.5 M.
Step by Step Guide to buy Holo Token in 2022
If you are new to Crypto world and want to start trading in cryto coins like HOT then here is a complete guide for you. There are somany platforms that allow buying Holo Token and sell Holo Token and all platforms and crypto exchanges are secure and safe. But some cryptocurrency exchanges are complex to use for a new users. Coinbase is the trusted place to buy, sell, and manage your digital currency like Holo Token, and ETH. If you want to trade Holo Token directly, you can do it easily on Coinbase. You will have to pay minor transaction fee.
We will share some best platforms where you can buy HOT easily and also we will share how to buy HOT using your computer or smartphone.
Some cryptocurrencies, like Holo Token, can only be purchased with another cryptocurrency on decentralized exchanges. Some coins can only be purchased with Ethereum (ETH) and then use ETH to buy Crypto coins. You have to choose the one that crypto exchange that suits your needs and criteria. Be aware of fee policies, before using it.
Today, Coinbase is one of the most popular and secure decentralized exchange to buy and trade in Holo Token on cryptocurrency markets.
Many experts recommanded decentralized exchanges instead of using centralized exchange.
Step 1: Download & Register on Crypto Exchange to buy
If you want to start investing in Holo Token or want to buy Holo Token then you have to first download Coinbase wallet. Coinbase Wallet is available as a mobile app and browser extension. Download Coinbase Wallet here.
Once you installed Coinbase Wallet on your mobile or browser, open the app and choose username. This username allow you to receive and send crypto.
Step 2: Securely store your recovery phrase
When you create a new wallet, you’ll be given a recovery phrase that includes 12 random words. Note that this key is access to your account. Anyone with this recovery phrase can access all your crypto coins. So keep this private and do not share it. You can also use Coinbase Wallet’s cloud backup feature to save the recovery phrase. If you lost it, Coinbase cannot help you with anything.
Step 3: Buy Coins to Coinbase Wallet
First create a new account on Coinbase. To create new account, just download the app on your mobile or open the official website of coinbase.
1. When app or website opens, click on get started.
2. Enter your basic personal information like email and password
3. Once done, you can access your Coinbase account.
4. Click on Assets and then again click on Explore Assets.
5. Now here search for Holo Token then click on Buy.
5. You will need to verify your identify using ID card. Once done, you can easily buy Holo Token.
If Holo Token is not available on Coinbase, you have to first buy ETH and then trade it with the Holo Token.
If you’re using the Coinbase Wallet, tap the Convert. Then Search for Holo Token and input the amount of ETH you’d like to exchange for Holo Token. Remember to leave enough for transaction fees. Transaction fee is different from one exchange to another.
If Holo Token is not available on Coinbase, you can use other Crypto exchanges like Binance, Bitmart, HitBTC, and Kucoin.
Transfer your Holo Token to an Altcoin Exchange!
Holo Token is a virtual digital currency that can be traded like stocks or bonds. An cryptocurrency exchange is required to buy and sell cryptocurrencies, including Holo Token. You can exchange Holo Token for cash or other assets. If you want to keep your money safe then exchange your Holo Token to stable coins like altcoin or USD Coin.
According to Crypto experts, you should use a popular exchange where you can trade altcoins which has impressive liquidity.
Many crypto millionaires recommend BitMart because it supports many crypto coins and meme coins too.
Below is the list of some popular exchanges where you can buy popular crypto coins and exchange your Holo Token for stable coins.
Exchange | Register |
---|---|
Coin Switch | Register |
Bittrex | Register |
Just register using your mobile number or email address, verify your ID and then start trading in Holo Token.
What is Binance?
Binance is well-known for its wide range of trading pairs, which includes cryptocurrencies that most other exchanges consider far too risky for their customers. Binance has its own smart contract blockchain, the Binance Smart Chain, which sets it apart from competitors (BSC). When compared to the Ethereum network, which now has over 5,000 active nodes, the Binance Smart Chain only has 21 validators. Scalability trumps security in this case. You can easily buy Holo Token using Binance.
How to Sell Holo Token?
If you want to sell your Holo Token then here are the steps.
Step 1: First login into your decentralized exchange where your Holo Token coin is stored.
Step 2: Click on Buy/Sell in the menu bar.
Step 3: Click on the Holo Token coin and choose sell.
Step 4: Choose the amount of Holo Token coin you’d like to sell and then Complete your transaction.
Step 5: Confirm the sell price and fees and close your sale of Holo Token coin.
FAQs on How & where to buy Stable BTC
Q.1. Is there any option to buy Holo Token with cash?
Ans. Unfortunately, you cannot buy Holo Token with cash. You can use LocalBitcoins to explore more options if you want to buy Holo Token with UPI.
Q.2. Can Holo Token be used anonymously?
Ans. Holo Token is not anonymous till now. It is because transactions and balance appear publicly on the network.
Q.3. What is the Current Market Price of Holo Token?
Ans. Current market price of Holo Token as of today is 904.5 Million.
Q.4. Holo Token to USD Price?
Ans. $0.005092
Q.5. What is the Max Supply of Holo Token today?
Ans. 177.619 B
Q.6 Can we buy Holo Token coin in Europe?
Ans. Yes, you can use popular decentralized exchanges like Binance or Bittrex to buy HOT.
Q.7 How to Buy Holo Token coin in India?
Ans. You can use Coinbase or CoinDCX to buy HOT in India in 2022.