At the beginning of 2018, there were some interesting discussions in the crypto world, as a hitherto unknown company called Holo announced that it will be a Initial Community Offering instead of the usual Initial Coin Offering is going to execute. Holo, you have decided for this purpose to ensure that all people with an interest in Holo Credits also are capable to buy, without having to fear that large investors take the majority of the available Holo Credits in seconds from the market.
Unfortunately, the Holo-Team due to regulatory concerns in Gibraltar – the Location, in the Holo works was forced to move their ICO. The ICO was finally on 29. Launched in March, and the ship is sailing now for almost two weeks pretty smoothly.
“We have achieved our goals,” explains Matthew Schutte, communications Director for Holo Host. Hereby he refers to the 5000 ethers, which have been taken since the beginning of the ICO’s already.
“We want to take, of course. We did not want to Finance at least 2.5 million euros, as the price of Ether is dropped since the beginning of the ICO’s clear, we are still quite there.“
Community education – The key to ICO’s success
Schutte, is one of the reasons why the ICO is already so successful, the rigorous community work has focused on what the Holo-Team.
“It was really interesting – and shocking -that a majority of contributions came in our ICO of small contributors. In fact, many of our contributors are people, and what the ETH never used, and at the end of Ethereum transactions without Gas ushered in.
“We of course do our best to explain to these people the one or the other is to know topics,” explains Schutte in relation to the official Holo Telegram group.
What is Holo?
Holo is a decentralized Cloud Hosting platform, which users of the Internet allows distributed applications to run. It also provides a tremendously scalable crypto-accounting infrastructure needed to host these applications with enormous use quantities.
Some of the key aspects to make Holo at the same time one of the unorthodoxeren projects in today’s crypto market. First of all, they give large customers discounts, in order to ensure that future Holo-Hosts and users have the same Chance to buy Holo-Credits (“Holo Fuel”), without having to fear that they will be displaced by large investors, which are all available Credits could buy within minutes.
“This is a fundamental basic setting of our project has led to some of the institutional Investor decided not to buy any Holo Credits, this philosophy is, however, important enough that we are glad we made that decision. We can not even pay for Interviews, for this reason, we remained invisible for a long time in the crypto world,“ explains Schutte.
Distribution of start-up capital
With the ICO of the collected start-up capital Holo will build the Holo-Host, this is a Peer-to-Peer (P2P) web-hosting service that allows anyone with a Computer to donate idle computing capacity to the network.
This Holo-Hosts will build a bridge between the P2P applications and the people who are trying, via their web browser to access it. In other words, they serve web pages. In return, the developers of the p2p applications will have to pay for the Holo-Hosts in Holo Fuel as we pay for Amazon Web Services today for web hosting.
“How we respond to make money?” Schutte, as he is interviewed for voice of the business model. “We will raise each Time a transaction fee of 1%, if this Holo Fuels will be paid.”
The collected start-up capital is also used for the development of the Holo Host, as well as the underlying network Protocol. Holo Host is the first major application of the Holo-Chain and should be completed in the summer.
“In addition, a portion of the funds will be provided for those who will pay off your Holo-Fuel at the beginning,” added Schutte. “We will also use these funds for the development of the Holo-Ports, these are Plug computers that have bought the people during the Crowdfunding campaign. This will be delivered in the summer along with the Software to the Holo-Hosts.“
How can you interact with Holo?
For more information on the project, you can check the following resources: