What is HOT Protocol?

HOT (Holo Token) is the cryptocurrency that powers the Holo network, a distributed hosting platform built on Holochain technology. HOT tokens are ERC-20 tokens on the Ethereum blockchain that will eventually be swapped for HoloFuel when the network reaches full maturity. The protocol enables peer-to-peer hosting of decentralized applications (hApps) without requiring traditional blockchain infrastructure.

What is Holochain?

Holochain is a framework for building fully peer-to-peer applications. Unlike traditional blockchains that maintain global consensus, Holochain uses agent-centric architecture where each user maintains their own hash chain. This approach allows for massive scalability and eliminates the need for mining or consensus mechanisms, making it more energy-efficient than traditional blockchain solutions.

What is the difference between HOT and HoloFuel?

HOT is an interim ERC-20 token on Ethereum used during the development phase. HoloFuel will be the native mutual-credit cryptocurrency of the Holo network. HOT holders will be able to swap their tokens 1:1 for HoloFuel when the mainnet launches. HoloFuel is designed specifically for micropayments between hosts and users on the Holo network.

How do I store HOT tokens safely?

HOT tokens can be stored in any wallet that supports ERC-20 tokens. Recommended options include:

• Hardware Wallets: Ledger or Trezor for maximum security
• Software Wallets: MetaMask, Trust Wallet, or MyEtherWallet
• Exchange Wallets: Only for short-term storage (not recommended for large amounts)

Always keep your private keys secure and never share them with anyone.

What are the best security practices for HOT holders?

Essential security practices include:

• Use hardware wallets for long-term storage
• Enable two-factor authentication (2FA) on all exchanges
• Keep your seed phrase offline and in multiple secure locations
• Never share your private keys or seed phrase
• Verify all wallet addresses before sending transactions
• Use only official websites and verified applications
• Be cautious of phishing attempts and fake support

What should I do if I lose access to my wallet?

If you lose access to your wallet but have your seed phrase (recovery phrase):

1. Download a compatible wallet application
2. Select "Restore Wallet" or "Import Wallet"
3. Enter your 12 or 24-word seed phrase
4. Your wallet and funds will be recovered

Important: Without your seed phrase, there is no way to recover your funds. This is why backup is crucial.

Where can I acquire HOT tokens?

HOT tokens can be obtained through:

• Cryptocurrency exchanges (Binance, KuCoin, Gate.io, etc.)
• Decentralized exchanges (Uniswap, 1inch)
• Peer-to-peer platforms

Note: Always use reputable exchanges and verify you're on the official website before making any transactions.

How do I transfer HOT tokens?

To transfer HOT tokens:

1. Open your wallet containing HOT tokens
2. Select "Send" or "Transfer"
3. Enter the recipient's Ethereum address
4. Specify the amount of HOT to send
5. Review the gas fee (transaction fee in ETH)
6. Confirm and sign the transaction
7. Wait for blockchain confirmation

Warning: Always double-check the recipient address. Transactions cannot be reversed.

What is HOT Labs?

HOT Labs refers to the development community and ecosystem building applications on Holochain. This includes the core Holo team, independent developers, and various projects creating decentralized applications (hApps). The labs focus on developing tools, frameworks, and applications that leverage Holochain's agent-centric architecture.

Can I build applications on Holochain?

Yes! Holochain is open-source and welcomes developers. You can:

• Learn Rust programming language (primary language for Holochain)
• Study the Holochain documentation and tutorials
• Join the Holochain developer community
• Access development tools and frameworks
• Build and deploy hApps (Holochain applications)

How can I identify cryptocurrency scams?

Common red flags include:

• Guaranteed returns: No legitimate investment guarantees profits
• Pressure tactics: Scammers create urgency to prevent careful consideration
• Unsolicited offers: Be wary of unexpected investment opportunities
• Fake websites: Always verify URLs and use bookmarks
• Request for private keys: Never share your private keys or seed phrase
• Too good to be true: Unrealistic promises are usually scams

What are common HOT-related scams?

Be aware of:

• Fake giveaways: Scammers impersonate Holo team members
• Phishing websites: Fake versions of official sites
• Impersonation scams: Fake support staff on social media
• Ponzi schemes: Fake staking or lending programs
• Fake wallets: Malicious wallet applications

Does HOTpOnline.org provide trading services?

No. HOTpOnline.org is strictly an educational resource. We do not offer trading services, investment advice, wallet services, or financial transactions. Our sole purpose is to provide accurate and unbiased educational information about HOT Protocol and Holochain to help users make informed decisions.

How can I contact HOTpOnline.org?

You can reach us through several channels:

• Email: [email protected]
• Support: [email protected]
• Contact Form: On our contact page

Our support team is available Monday through Friday, 9 AM to 6 PM UTC.

How often is HOTpOnline.org content updated?

We update our educational content regularly to ensure accuracy and relevance:

• Major protocol updates are reflected as soon as announced
• General content is reviewed quarterly
• Security information is updated as new threats emerge
• Community feedback is incorporated continuously

The "Last Updated" date on each page indicates when content was last reviewed.