[ANN] [ICO] HoloToken (HOT): Holo The Distributed Hosting Platform

[HolochainAJ]

Holo

Where the crowd is the cloud


Background:

Holo fuel is more than a cryptocurrency. It is a mutual credit accounting system.

Our developers have been at the forefront of alternative forms of exchanging value (aka “currency”) before bitcoin even existed. Their masterpiece, Holochain, is even just a piece of a larger puzzle, Ceptr. Holo is large enough to try and grasp, so this page will be devoted to Holo/Holochain news and basic understanding only. The full picture will come sooner than you think.




What are Holochain and Holo?


Holochain is a data integrity engine for distributed applications. It uses a validating DHT (Distributed Hash Table) where every user has their own chain. A transaction is signed and countersigned onto each parties chain and then this information is published to the shared Distributed Hash Table. (Never heard of a DHT? One of the more famous Hash Tables used is found in BitTorrent.) THIS IS NOT a blockchain.



Holo is an ecosystem built on top of Holochain and composed of hosts and users of distributed computing. Hosts can host truly distributed apps and get paid in Holo fuel for hosting.


Holo fuel is not a token or a coin—it’s an asset-backed mutual-credit crypto-accounting system. Holo fuel combines the idea of mutual-credit currencies that enable healthy ecosystems of flow and balance with cryptography for data integrity to create a type of cryptocurrency designed to be useful and relatively stable for the promotion of growth in active ecosystems, and not stagnant, volatile, or conducive to speculation.


Simply put, we are building Holochain to create not just a decentralized internet, but a distributed internet. Applications of all kinds will be built on Holochain and since it will be truly peer to peer, the future internet will not be beholden to the current internet hosting industry.





Token and ICO information
Initially, the HoloToken will be used until HOLO the fuel is ready to be used on Holochain

Specifications: HoloToken
Ticker-HOT, an erc20 token
PoW/PoS: Neither, a validating Distributed Hash Table (DHT)
Beyond Cryptocurrency: A Mutual credit accounting system, first of its kind in the cryptocurrency space




Technical/White Papers:
Holochain
http://ceptr.org/whitepapers/holochain

Mutual credit cryptocurrencies
http://ceptr.org/whitepapers/mutual-credit

Green Paper
https://holo.host/greenpaper

Holo: Cryptocurrency infrastructure for global scale
https://holo.host/currencypaper


The ICO whitelisting is currently happening!


               ICO Information


Cost: 10,000 HOT = €1 (euro) of Ethereum
Initial available supply: 25,000,000,000 HOT
Max available supply: 250,000,000,000 HOT
Minimum purchase: 0.1 Eth
Total reserved for development team and community: 25% of total purchased after ICO closes
NOTE: US, Chinese, and S.K. citizens cannot participate

Whitelisting found HERE
https://holo.host/ico/




Developers


Cofounder:
Arthur Brock, Full Time Software Architect/Currency Designer. Started contract coding in 1984 (34 years ago), Worked in AI long before it was cool. Been building online alternative currency systems since 2001 (16 years)

-Founded Geek Gene, Emerging Leader Labs, Agile Learning Centers, Metacurrency Project
-Worked with GM, Chrysler and other top global companies
-Has designed over 100 multi currency solutions through Geek Gene clients

www.artbrock.com




Cofounder:
Eric Harris-Braun, Full Time, Contract coding in ‘84 (during college) full time programming starting after '88. Peer-to-peer communication applications (glassbead.com) for many years, full-stack web, system design, framework design. Cofounder of the Metacurrency Project.
LinkedIn here -->https://www.linkedin.com/in/zippy/


Lead Developers:
Nicolas Luck, Full Time Holochain Core Developer 16 years professional coding, 10 years C++, Qt, 6 years full-stack web with Rails, Angular, React, prof. Scrum Master, former blockchain enthusiast
LinkedIn here →  https://www.linkedin.com/in/nicolas-luck-b424b89a

Raymond D. Powell 37 years software engineering (26 professional), 22 years full-stack web dev

Philip J Beadle
20 years software engineer, web developer, automation engineer

There are 7 to 9 other developers working in some smaller capacity on Holo or Holochain apps.



FAQ

Why call it Holo?
Holo comes from the word hologram or holographic.
Any part of a hologram contains the whole image. If you try to cut out a piece of a hologram, you learn that the whole image is still there. Holo is holographic in that an agent not only signs transactions to their own chain, they also back up small amounts of data from the applications via the shared DHT. Just like BitTorrent, if a user who uploads a file is cut off from the BitTorrent DHT, so long as there are other nodes hosting data for the file, the whole file is still there. The same will be true for Holo.



Is anything being built on Holochain right now?

YES


We currently see development on a number of  distributed apps, including…
- Clutter is Holo’s version of Twitter
-Serverless wiki called FractalWiki
-Holochat, a chatroom for team collaboration
-DPKI, a cryptographic key management tool

Can I mine Holo?

No.
You can earn Holo by hosting data from our distributed applications.



Why a DHT as opposed to a PoW or PoS based algorithm?

A number of reasons. It allows for truly global scaling. Currently the top cryptocurrency, bitcoin, is facing extreme constraints on transaction usage.
The top decentralized computing platform, Ethereum, is experiencing the same problem and we are not even close to mass adoption.

In Holochain, sharding via the DHT allows the nodes to only hold portions of the global transactions within the system, allowing for massive scaling to take place.

It is lightweight enough that cell phones could run a node on our system.



Okay, so Holochain is distributed. How is that different from decentralized?

The difference between distributed and decentralized is the difference between all of the blockchain technology currently in place and Holo.

Holochain will be distributed, which is to say truly peer to peer. Blockchains are decentralized in that there is no central authority controlling the network, but every single action must be sent through the network to be verified by every node. This is unusually burdensome for activities that are more than just “currency” exchanges.

Many people like the security provided by PoW blockchains where every single transaction is recorded in a global ledger held by 10,000s of people. This is completely unnecessary when we look at broader transactions that can occur in our society.

Take Twitter, for example. A blockchain based micro blogging platform is needlessly wasteful. Why would someone tweeting need to run their tweet to be validated through a global blockchain?  Or P2P Air BNB. If John wants to rent to Jill, does that transaction need to go through every single person in the network? Why would they have a say in that? This is where everyone having their own chain comes into play.

Holo is much, much more than digital cash or digital gold.



Here are the many ways in which Holo will be utilized:




Social Networks, Social Media & VRM: You want to run a social network without a company like Facebook in the middle. You want to share, post, publish, or tweet to shared space, while automatically keeping a copy of these things on your own device.


Supply Chains & Open Value Networks: You want to have information that crosses the boundaries of companies, organizations, countries, which is collaboratively shared and managed, but not under the central control of any one of those organizations.


Cooperatives and New Commons: You want to create something which is truly held collectively and not by any particular individual. This is especially good for digital assets.

P2P Platforms: Peer-to-Peer applications where every person has similar capabilities, access, responsibilities, and value is produced collectively.

Collective Intelligence: Governance, decision-making frameworks, feedback systems, ratings, currencies, annotations, or work flow systems.

Collaborative Applications: Chats, Discussion Boards, Scheduling Apps, Wikis, Documentation, etc.

Reputational, or Mutual Credit Cryptocurrencies: Currencies where issuance can be accounted for by actions of peers (like ratings), or through double-entry accounting are well-suited for holochains. Fiat currencies where tokens are thought to exist independent of accountability by agents are more challenging to implement on holochains.





What does agent-centric mean?

Yet another way Holo is completely unique in the cryptospace.
All blockchain and DAG currencies are data centric. In a sense, they treat data as real as opposed to the abstraction of reality it is.
This one gets a bit deep, so keep your thinking cap ready and dive into Arthur Brock’s categorization of the data centric approach seen in blockchains today and Holo’s agent centric approach.

https://www.youtube.com/watch?v=JV8QZsNpFok



Stay tuned for big news and developments!

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[HolochainAJ]

Our Cofounder, Arthur Brock, on Lauching an ethical ICO

https://medium.com/h-o-l-o/launching-an-ethical-ico-e21ed5738bb0

[HolochainAJ]

GOOD NEWS for Americans, koreans and other countries who cannot participate in ICOs.

You CAN participate in our crowdfunding campaign, which smashed through our goal 2 months before it ended on Indiegogo. It is still ongoing...check it out!

https://www.indiegogo.com/projects/holo-take-back-the-internet-shared-p2p-hosting-community-technology#/

As we stated earlier, Holo is a distributed computing platform. Users will agree to host distributed applications (i.e. this is our equivalent of "mining" but much less energy intensive) and they will receive Holo Fuel in return.

By participating in our crowdfunding, you won't get Holo fuel but you will get a great deal on the HoloPort (our "mining rig"), which will generate Holo Fuel once Holo is up and running (likely Spring 2018).

We are about to cross 1,000 nodes already!

[sepmn]

Any information on exchanges and marketing?

[tclauss]

@HolochainAJ when starting the ICO ?

[cryptoiqtech]

Is there a guide on how to develop a sample app to be deployed on Holochain network?

[LiskEnterprise]

SO is it correct that if you raise $25 million dollars in ETH..

Then the team produces 33% more HOT coins for the team..


So the team gets all 25 million plus 33% of all HOT tokens?

is that not 133% of all value going to the team?

Why also do an ETH Token?

That just shows your not ready.

Way better to go onto Komodo or Skycoin..

[SlackSoul]

Their KYC process for the whitelist sucks. Webcam session with verification documents? Not doing it.

[magpie_lover]

So far so good. Holo could be the next big thing in distributed computing. I see great enthusiasm and work put into building a loyal community which sadly, not many projects give due importance. Good luck!

[HolochainAJ]

@HolochainAJ when starting the ICO ?

We anticipate the ICO starting very shortly, possibly before end of February. I will update immediately when I know.

[HolochainAJ]

Their KYC process for the whitelist sucks. Webcam session with verification documents? Not doing it.

We are not a typical ICO nor are we a typical cryptocurrency. We are aiming for transparency and legitimacy. Thank you for your concern but you can also participate indirectly via the crowdfunding or simply buying after the ICO.

[HolochainAJ]

SO is it correct that if you raise $25 million dollars in ETH..

Then the team produces 33% more HOT coins for the team..


So the team gets all 25 million plus 33% of all HOT tokens?

is that not 133% of all value going to the team?

Why also do an ETH Token?

That just shows your not ready.

Way better to go onto Komodo or Skycoin..

ETH is merely a connection to get started. The erc20 HOT token will only be needed for months, not years. HOLO will be exchanged for it.

It's simple. We choose ETH for the sake of simplicity and exposure.

If we needed a platform to exist on for an extended period of time, we would have explored different platforms but we don't need their advantages over ETH because it is a very temporary spot in our path.

[HolochainAJ]

So far so good. Holo could be the next big thing in distributed computing. I see great enthusiasm and work put into building a loyal community which sadly, not many projects give due importance. Good luck!

Thanks!

We expect to have the widest variety of currency usage and app creation on our platform without exception.

[HolochainAJ]

Whitelisting Process

https://www.youtube.com/watch?v=oXeWzFj8Vuc

[Jcga]

Thx, very interesting.
 
https://github.com/metacurrency/holochain#installation

[HolochainAJ]

https://youtu.be/2FJL3ibnZlY

Listen to the devs on how Holo advances crypto beyond blockchain.

Pretty close to ELI5, although this doesn't nearly cover 10% of what Holo and Holochain will be.

(7 min for you busy people!)

[Jcga]

"Is Holochain Better than Blockchain? | Interview with Matthew Schutte" From Davos.


=> https://www.youtube.com/watch?v=ipn6EZu6tNg

[talktopab]

Interesting protect I will be following.

I have few questions:
Holo will b using the ISP network, how does Holo makes sure the ISP does not censure connections through Holo?
What are the incentive mechanisms? I like the project and like me there could be some few other people supporting it but without a clear incentive structure the project will never succeed. I believe bitcoin success is not the decentralization and be your own bank part but the scarcity. It was planned in a way that considers people's "greediness" into it (to hopefully in the end brake the current system from inside). I do not believe projects that are utopias and not based in incentives will work. Also, put in a different way, will the cost of the hardware + electricity + others will pay off (at least for just that part)? How the supply of Holo tokens is planned so that this critical part of the Holo success is met?

Don't misunderstand me, I believe in a decentralized/distributed internet and I look forward to it but without clear/strong inactivation the network will never take off.

Thanks.

 

[Cherros]

This project looks very serious. I hope we could check thoroughly the future plans of this project. I wish you success.

[HolochainAJ]

"Is Holochain Better than Blockchain? | Interview with Matthew Schutte" From Davos.


https://i.imgur.com/48cV4t7.png?1

for some reason i can't see the link...but when i quote here I can see it.

Anyone else have the same?

Thanks for posting!

edit to add: working now!