Holotoken — Invest in the best alternative to blockchain
Ratings at a glance [8.4 out of 10]
Team — 8/10
Community — 10/10
Project Vision — 10/10
Project Stage — 7/10
Marketing Hype —7/10
What is Holochain and Holotoken?
Holochain is a new open source framework for truly peer-to-peer applications on the web. Holochain is a belief to realize the dream of decentralized web.
Relative to blockchain, holochain apps are massively scalable, exponentially faster, energy efficient and 5–7 orders of magnitude cheaper
The Holotoken ico is a bridge to fund the same and provide early backers with huge incentive for their support of and risk.
HoloTokens (HOT) are temporary ERC20 tokens purchased with ETH which will become exchangeable for Holo fuel when the Holo ecosystem launches later in 2018.
Team [8/10]
The team has been building this for a long them, the founders are involved in the project since 1.5 years and have worked together for 10 years on the Metacurrency project. This dynamic team has been mostly working pro-bono till this point, and most of them will be paid through team tokens. What they lack in terms of experience working on public listed companies or blockbuster projects, they make up by their sheer grit and knowledge of what they are building.
Community [10/10]
Holo has a strong developer community — they have been developing and building this community over a long period of time. This is clear when you go to Indegogo where they have 1381 backers for their Holoport. Even on their Telegram, several questions are answered by their community. The team and community is probably one of the most ethical ones as is evident in everything they do, including promotion of their ICO.
Project Vision [10/10]
The vision of a decentralized web is something everyone in the blockchain industry wants. None of the coins or tokens is truly decentralized. As a technology, Holo will strongly take us closer to decentralized through its framework. Holo is not an alternative to bitcoin or Ethereum, it is an alternative to blockchain and a much better one at that. People will buy into the vision as they know more about it.
Project Stage [7/10]
This is not some whitepaper ico — they have several different working apps on their platform. The holochain itself is in alpha, but the following fully functional apps are available — clutter (distributed twitter), holochat (distributed slack) and a few other example apps benchmarking holo with Ethereum.
In the benchmark apps, the speed is 10,000x -1,000,000 that of Ethereum. This beats every other blockchain being built hands down. Holochain will be fastest platform by design in comparison to other blockchains. This is something unique about Holochain — you need to forget obsession to TPS, because it will be unlimited.
They are still at alpha release and beta and mainnet could take 3–6 months.
Marketing Hype [7/10]
Holo has been severely undermarked except for the fact that its documentation code and apps really are good. There is a ton of reading material available on Holo if you can find it. They have already done 13 AMAs on Youtube. I think the Holo community (and icoholders) will take upon themselves to create the hype for Holo post ICO.
Growth Potential [10/10]
The growth of any token / coin / stock on the market is a function of demand and supply. When you buy Holotoken, you are actually buying Holo fuel as the token converts into Holo fuel. Holo fuel by design a stable currency that is a measure of computing power. You get 10000 times the computing power of Ethereum when Holo launches. The actual performance of Holochain is benchmarked at 10 -100x (1–2 orders of magnitude) of the promised Holofuel computing power. Hence, Holo host owners will reduce the price of computing to compete in the market and hence the token value will grow. I expect the growth from this token to be 10–100X in 6–9 months when Holochain launches and stabilizes.
In addition, Holofuel will the first currency on the system and I believe this may give multiple benefits as other apps on the platform may provide benefits to Holofuel owners. E.g. Several currencies were built out of bitcoin and Ethereum forks that resulted in additional value to the coin holders.
Holotoken is a good investment due to the following
1. Exceptional Vision
2. Strong team and community
3. Several working apps even at Alpha stage
4. Growth Potential
5. First currency in the Holochain ecosystem
This is an investment that I do for myself, not just for the returns but for believing truly that something valuable will get created. All those early adopters of bitcoin in the first few years had no idea that the price could become so high, but they believed in the vision of a decentralized currency. Same is with Holo, you will gain a lot and help build a decentralized web, but only if you believe in Holo.
If you are interested in HoloChain, visit the link below that gives you much more info in terms of videos about Holo and HoloChain.
If you want to go through a code review, I will ask you to read Andre Cronje’s review on Holotoken, the team’s whitepaper and currency paper.
You can participate in their ICO until 28th April or purchase them from exchanges (whenever they are listed).
The opinions mentioned in this article are my views to get feedback from readers on my investment strategies. This article is not an invitation to invest and should NOT be construed as such. Cryptocurrencies and tokens are a very high risk asset class. If you intend to invest, please do your own research before further investing and invest only what you can afford to lose.
