Holo

Holo was founded by Arthur Brock and Eric Harris-Braun, both experienced contract coders. They first started working on the project in December 2016 as part of the MetaCurrency Project, a developer of tools and technology designed to power a future peer-to-peer economy. Brock has prior experience coding alternative currency systems and co-founded social enterprise incubator Emerging Leader Labs. Harris-Braun is the founder of Glass Bead Software, a developer of peer-to-peer communication software, and co-founder of Emerging Leader Labs.

Holo is designed to act as a bridge between Holochain and everyday users, enabling a shift in the landscape of crypto applications and currencies. The Holo network relies on a network of hosts that provide storage and processing power for decentralized applications (dApps) built using Holochain. These hosts are compensated in HoloFuel, a token specifically designed to facilitate microtransactions. The design of HoloFuel is expected to allow the Holo network to process a vast number of simultaneous transactions. Holo's business strategy focuses on building a peer-to-peer ecosystem of hosts and applications, aiming to have a similar disruptive impact on app hosting as Uber and Airbnb had on the taxi and hotel industries, respectively.

Holo held an "initial community offering" from March 2018 through April 2018, during which 177.6 billion HOT tokens were minted. Of this, 133.2 billion HOT (75%) was allocated for public sale, and 44.4 billion HOT (25%) was reserved for the team and company. Once HoloFuel is launched, HOT tokens will be able to be swapped at a one-to-one ratio for HoloFuel tokens. Instead of being immediately burned, the swapped HOT will be kept as a reserve currency to provide liquidity to HoloFuel holders. HoloFuel will have no supply limit and is designed to be dynamic, with its supply contracting and expanding in response to demand and the relationships between users with negative and positive balances.