Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has announced its support for Holo (HOT), the native token of the Holochain project. Binance will list HOT/BNB, HOT/BTC and HOT/USDT trading pairs on its platform at 2019/04/29 10:00 AM (UTC).
Holochain is an open-source framework for building decentralized applications (dApps). Unlike other dApp platforms that use blockchain technology, Holochain uses a “distributed hash table” (DHT) system.
This allows each user on the network to have their own “chain” or ledger, which is then linked to all the other users on the network. This makes Holochain more scalable than other dApp platforms and also allows for more privacy, as each user’s data is not stored on a central server.
NOTE: WARNING: Binance does not currently support Holo (HOT). Trading and buying Holo tokens is not supported on Binance. Any attempts to purchase or trade Holo tokens on Binance could result in the loss of funds or account suspension. Please exercise extreme caution when trading any digital asset.
The Holo project is working on creating a decentralized hosting platform that will allow users to host dApps and websites on the Holochain network. The Holo token (HOT) is used to pay for these hosting services.
The project is currently in its beta testing phase, with a mainnet launch planned for later this year.
The addition of Holo to Binance’s platform is a vote of confidence in the project from one of the world’s leading cryptocurrency exchanges. It will also provide a boost to the Holo ecosystem by increasing its visibility and making it easier for users to buy and sell HOT tokens.
Does Binance Support Holo? Yes.
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