What is Holo (HOT)?
Holo (HOT) is a digital cryptocurrency and an integral component of the Holo network. This network is designed to serve as a bridge between traditional internet users and Holochain. Holo's primary objective is to facilitate the hosting of peer-to-peer (P2P) applications on the internet, making them more accessible to mainstream users.
Holo relies on a network of hosts that offer storage and processing capabilities for decentralized applications built using Holochain. Hosts can either install specialized software on their computer, which quietly allocates additional processing power to Holochain-based applications, or they can operate dedicated hardware such as HoloPorts. In return for their services, hosts receive compensation in the form of HoloFuel, a token designed for facilitating microtransactions. The unique design of HoloFuel is poised to handle an enormous volume of simultaneous transactions effectively. Learn more
How to Deposit HOT Into Your Coinmetro Account
For all information on how to deposit HOT into your Coinmetro account, please see the following help center article: How to Deposit HOT.
As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 35,000. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.
How to Withdraw HOT From Your Coinmetro Account
For all information on how to withdraw HOT from your Coinmetro account, please see the following help center article: How to Withdraw HOT.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be canceled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.