What’s the difference between HOT and Holo fuel? Is Holo fuel like Eth gas?

HoloToken (HOT, ERC20) is NOT (≠) Holo fuel (HOLO). HoloToken (HOT) is a placeholder and an IOU for Holo fuel.

Holo fuel is like Eth gas. Holo fuel and HOT are designed differently and have different purposes. Holo fuel DOES operate in a similar way as Eth gas, but there are some design differences. Holo fuel is designed to perform billions of daily microtransactions for hosting services. Holo fuel is Holo's native, asset-backed, mutual-credit currency.

Ethereum, Bitcoin, HoloToken (HOT, ERC20), and Holo fuel are cryptocurrencies.

Holo Green Paper

p8: In the future the micro-transaction flows for hosting payments could also undergird a general purpose cryptocurrency payment system in a similar way that “gas” powers the Ethereum transaction engine.

p37: Holo fuel is a unit of account in Holo using value-stable double-entry accounting. The crypto-credit used to purchase hosting in the shared Holo Ecosystem.

When it is released, you will be able to buy Holo fuel through the Reserve Account, third party exchanges, peer-to-peer, etc.

Join our community
to learn more

General discussion
in a fun environment

Telegram Chat

Tech-focused discussion
and help building apps

Developer Chat