Holo's Initial Community Offering

Our ICO, Initial Community Offering, catalyzed the ecosystem of Holo. We offered a pre-sale of cloud-hosting services in the form of transferable ERC20 tokens called HoloTokens (HOT) on the Ethereum public blockchain. As an asset-backed currency, the supply of HoloTokens was linked to the amount of distributed computing that the network is able to provide (the number of HoloPorts and developer events sold through the crowdfunding campaign).

We intended to run a sale that was as inclusive as possible, meaning future Holo hosts and users were not pushed out from participating by a few people buying all available tokens within minutes. We also wanted to act responsibly by having a meaningful cap on the amount of tokens we allowed ourselves to sell, instead of just raising as much money as possible.

Whitelist Process Opens: 9 January 2018
ICO Opened: Thursday, 29 March 2018 at 10:00 a.m. GMT
ICO Closed: 28 April 2018 at 10:00 a.m. GMT
Token Information: HoloTokens (HOT) are temporary ERC20 tokens purchased with ETH which will become exchangeable for Holo fuel when the Holo ecosystem launches later in 2018. More information about HoloTokens.
Token Pricing: 10,000 HOT costs 0.0022671895 ETH (approximately €1)
Initial Supply: €2.5M (25,000,000,000 HOT)
Released Supply: Supply increases each day based on a fixed formula taking into account HoloPort and developer event sales from our crowdfunding campaign
Hard Cap: €25M (250,000,000,000 HOT)
Minimum Threshold: €1M. If we raise less than this we will return the ETH to all participants, by executing an off-chain script not included in smart contract code, and will fulfill the project through other funding strategies
Total Supply: At the close of the ICO, 33.3% more HoloTokens than were purchased will be minted for the Holo organization and team, such that 25% of all tokens are held by the organization and team, and 75% are held by the community
Purchase Maximum: 10% of the day's publicly available supply each day
Purchase Minimum: 0.1 ETH
KYC: All participants are required to verify their identity before participating
Exclusions: Due to legal and regulatory uncertainty, residents and citizens of the US, China, and South Korea are blocked from participating

Frequently Asked Questions

Everywhere except countries where running ICOs is illegal or legally risky. Residents of The United States, China, and South Korea were not able to participate.