Today I want to present you with another coin, which has done multipliers lately, but is in a good position for entry. Also this is one token that I have been accumulating.
This is the HOT token and I am giving you a couple of reason, which I think make this token valuable in the coming weeks and months and for sure the years ahead.
What is Holochain?
Holochain is not a blockchain, but a peer to peer network for hosting Decentralized Applications. To explain it in simpler terms, think of Twitter or Facebook, just not owned by Jack Dorsey or Mark Zuckenberg, so that it does not benefit the owner or the centralization of a Company over an application like we saw it happening with the Trump Campaing or the Covid and Vaccine campains. Similar to the know Facebook, you can access this platform via the normal internet and the Holochain is on the background.
This was just an example, but you may be surprised that people are already building a social network on HOLOCHAIN; which is called Junto. Check it out if you want: https://holo.host/project/junto/
How does the token have value?
Every dApp on Holochain will reward the hosts of those dApps with tokens called HoloFuel which can then be swapped with the HOT-token, which can then be exchange on different exchanges.
Who is building on Holochain?
Here is a list of the projects building on HOLO. It is quite the list: https://medium.com/@3438/holochain-projects-e8214f2bae17
Why am I posting this know?
The HOT token has done a .618 retracement from its crazy run of last weeks. And for those TA out there, check these out.
From the price it is sitting now, till ATH on the 5. April 2021, it is 76% gain and take into consideration that this token can go way beyond that after the breakout.
Oh and last but not least:
They have got a page on the EUROPEAN COMISSION website. That should tell you something ;)
https://knowledge4policy.ec.europa.eu/foresight/tool/dlt4good/holochain_en
P.S. This was just an introduction. If you want to have an idea on how the project works, I would recommend you to do a quick read of the description of Holochain on Coinmarketcap.
