Holo’s Asset-Backed Cryptocurrency
Holo is powered by HoloFuel, a cryptocurrency backed by digital assets – the processing, computation, and storage needed for efficient cloud hosting.
The estimated revenue for cloud hosting in 2017 was $264 billion, demonstrating significant enough demand to make HoloFuel a viable, trustworthy store of value in the crypto-world. Furthermore, It is designed to circumvent the attacks, hacks, and forks that make other crypto-investments too risky for widespread adoption.
HoloFuel is priced in computing units: processing time, bandwidth, and storage. As the number of hosts grows, that mass of their computing power stabilizes valuation. Hosts set their own prices for their computing power which will tend toward stability when averaged across a large ecosystem of servers distributed across the planet. Because Fuel also incentivizes participation, it brings along the infrastructure and resources needed to sustain itself.
As an issuer and infrastructure provider, the Holo organization can be freely audited by hosts. We are fully accountable to the network, each node of which sees the collection and allocation of transaction fees. Like all other transactions, these are public entries, signed to the validating DHT that ensures careful data provenance.
Fuel was available for purchase in advance of the launch of the network during our ICO (Initial Community Offering). Our sales cap is correlated to the capacity of the network and demand for service as indicated through the crowdfunding sale of HoloPort hosting devices and developer trainings.