Frequently Asked Questions

Q: I have questions that are not answered in the FAQ, where can I get answers?
A: You can ask our community for assistance https://chat.holochain.net/appsup/channels/town-square.

Q: What are crypto apps?
A: Crypto apps are distributed applications secured by cryptography.

Q: Is there a HoloHost wallet?
A: Once Holo launches you will have your own identity, and your own source chain that your transactions in Holo credits are recorded to. You could say it functions as your wallet, but it is actually your account. Just like your bank account, the sum of your inbound and outbound transactions determines your balance.

Q: What wallet can I use?
A: We recommend myetherwallet.com for all non technical ERC20 sale participants. Your Holo account will be live and shipped to you with launch of the test network.

Q: How much “fuel” can one expect to earn from hosting?
A: The amount of fuel a host earns is dependent on both the supply of hosting infrastructure and the demand for it. While we can’t predict what that variable rate will be we can say that one’s potential for earning Holo fuel is directly proportional to the capacity of the device or devices you’re employing to support the network. Through this campaign we’re offering three such devices of different capacities — the HoloPort Nano: 2GB; HoloPort: 8GB; and the HoloPort+: 16GB.

Q: How can I mine Holo fuel?
A: “Mining” normally refers to the “proof of work” process in blockchain-based cryptocurrencies that results in a “miner” being rewarded with a crypto coin. Holo fuel is a mutual credit currency and is awarded when a user provides a valuable service, such as sharing their spare processing, storage, and bandwidth capacities. We call this process, “proof of service.” You can earn holo fuel by sharing computing power with other Holo users.

Q: Will there be any transaction fees?
A: Holo is a mechanism for the maintenance and growth of distributed infrastructure and will be charging a transaction fee of approximately ≤1% toward that end (far less than transaction fees in most systems). As the system develops, users will have an increasing say in how that money is spent. Our objective is to transition users of the conventional Web to a fully distributed Internet with Holo serving as the bridge.

Q: Can I start using my HoloPort right when it arrives in the mail?
A: Yes! But you’ll probably have to plug it in first 😉

Q: Do I have to purchase a HoloPort? Can’t I just run Holo on my computer?
A: Yes! Holo can be run on a variety of devices and we encourage users to join our community through any means at their disposal. However, our initial software will only be available for computers running Linux, such as the HoloPort. We will also offer IT support for HoloPorts. The HoloPort is also optimized for hosting the network and users maybe find it to be the easiest way to host the community and earn Holo fuel.

Q: What is HoloChain?
A: Holochain is an alternative to blockchain which is faster and more scalable designed for running distributed applications

Q: Why use Holochain instead of blockchain?
A:

  1. It’s faster: Since Holochain apps don’t have to sync everyone on the network for every little change that happens, they can run much faster than apps that use blockchains.
  2. It’s more efficient: Not needing to have everyone make a copy of every change makes Holochain exponentially more efficient and affordable. This means Holochain can be used for things that blockchain cannot address, such as accounting for microtransactions.2
  3. It’s scalable: Holochain can support applications with billions of simultaneous users thanks to its parallel architecture.
  4. It’s adaptable: Users can adapt apps and protocols to meet their needs.
  5. It’s extendable: Users can extend applications by linking them to other applications.  Anything a user can read out of one app, they can write into another.

Q: When will HoloHost go on the Blockchain?
A: Never. Holo.host is built on Holochain, an alternative approach to blockchain which is faster and more scalable.

Q: Is this for illegal Activity?
A: Holo isn’t designed for illegal activity because it’s not anonymous and also you can pick who you host

Q: Does running Holo expose my computer to bad stuff? Or what about my info on other computers?
A: No, it’s sandboxed.

Q: As a US investor can I invest?
A: No. Our ICO is IP blocked to the US and several other countries. Additionally, participating in the ICO requires whitelisting.

Q: How much money are you spending on the ICO?
A: This is a difficult question to answer. Most of our spending on software development, communications, branding, online support materials, hardware devices, crowdfunding campaign, would all be needed in launching our project without doing an ICO. Special to the ICO are legal fees for regulatory compliance, unusual bank fees and some additional staffing and development of smart contracts and secure infrastructure. The ICO-only portion of our budget has probably been under €100k

Q: What is our target amount/threshold?
A: Our ICO opens with 2.5 million available for purchase, and then based on actual demand for our product (being purchased in our crowdfunding campaign) more supply will be released up to 25 million.

Q: Where do I find my tokens?
A: In whatever wallet you provided as the address to send them.

Q: How do I make sure I don’t lose my tokens?
A: Take great care with your private key. There are various online resources with instructions and suggestions for how to do this. One of the easiest ways is to get your key off your device — save it to a USB drive or write it down. Then if your device is hacked, they can’t reach your key.

Q: How do I make sure my tokens are not hacked?
A: Take great care with your private key. There are various online resources with instructions and suggestions for how to do this. One of the easiest ways is to get your key off your device — save it to a USB drive or write it down. Then if your device is hacked, they can’t reach your key.

Q: When will your token be on public exchanges?
A: Our Holo Receipts are ERC20 compliant to make it as easy as possible for exchanges to use them. However, exchanges are independent agencies making their own decisions about this. But we expect some to come online after the close of our sale when the tokens become transferable.

Q: Is the ICO regulatory approved?
A: The Holo ICO is operated in compliance with the recently passed Distributed Ledger Technology (DLT) regulations in Gibraltar.

How long after the ICO will the tokens be tradeable?

Holo ERC20 tokens will be redeemable for Holo hosting credits when the Holo network launches. Technically, you could wait as long as you want to redeem them as long as the Holo network is around.

What exchange will the tokens be sold on?

Our Holo Receipts are ERC20 compliant to make it as easy as possible for exchanges to use them. However, exchanges are independent organizations making their own decisions about this. We expect some to come online after the close of our sale when the tokens become transferable.

Where will the tokens be tradeable?

Our Holo Receipts are ERC20 compliant to make it as easy as possible for exchanges to use them. However, exchanges are independent organizations making their own decisions about this. We expect some to come online after the close of our sale when the tokens become transferable.

Q: What is CEPTR?
A: Ceptr is a much vaster visionary project for the computational and communications infrastructure to create a quantum leap in humanity’s capacities to coordinate and organize across all scales. Ceptr is short for Receptor, because this system is made of fractal receptors which function as micro virtual machines. Holochain is one small part of the Ceptr project that we spun out as a standalone system to provide a superior alternative to blockchain for distributed applications.

Q: What is Metacurrency?
A: The MetaCurrency Project provides models, tools, and platforms to go far beyond today’s conceptions of currency as money to Current-Sees as systems for managing and enabling flows (currents) of value, knowledge, sharing, relationship, and more.