Binance Exchange to Add Holo (HOT) Crypto Token Trading Support

2018-7-23 11:21

Binance cryptocurrency exchange continues to expand its list of tradeable coins and tokens by adding Holo (HOT).

Just announced, Binance said the Holo coin will start with two trading pairs in HOT/BTC and HOT/ETH and will be effective July 24, 2018 at 4AM UTC.

What we have saw with all of the new coin listings that get added to world's most popular alt-coin exchange is known as the ‘Binance Effect‘. This is where a coin will get listed and see immediate spikes in prices due to trader accessibility.

And as it stands right now, the HOT token from HOLO is currently trading at $0.000739USD which is up by 34.21% already since the announcement just went live.

https://twitter.com/binance/status/1021303138798600192/

For those not familiar with the Holo project, it was created to act as a bridge for people to migrate into more decentralization and autonomy. Labeled as a pragmatic compromise, since it must interact with the centralized systems inherent in our society today, it also has parts of it considered centralized but has set out to improve upon many interdependent innovations within the landscape of blockchain applications and cryptocurrencies.

Here is a reference list of what Holo is looking to do:

Technological Innovations: Scalable P2P applications on Holochain, Technological Innovations: Hosting P2P apps for mainstream users, Currency Innovation: Double-Entry Crypto-Accounting system for rewarding Hosts Business Model Innovation: Leveraging excess capacity using Sharing Economy principles Funding Innovation: Bonding ICO with Crowdfunding to demonstrate real demand and establish stakeholders in an ecosystem backed with real world assets.

Holo hopes to bring these advancements together to build a coherent approach towards a greater self-regulating ecosystem of blockchain-based distributed applications.

We have a full review on the HOLO project here you can read more about it:

Holo ICO (HOT HoloToken): Blockchain Cloud Hosting Communities?

What do you guys think of Binance's listing of Holo's HOT token? Doing a quick twitter search through the thread announcement and you will see not everyone is a fan of it given the lack of transparency and understanding gone into the Holo project so far:

Another ICO not even close to having any proven technology backing it being listed. SO @cz_binance one can assume they paid a listing fee. So u list either shit projects who pay a listing fee or consider free listings for solid projects. Where does #Digibyte fit in then? $DGB

— CryptoGeneticist (@Scorb_Coin) July 23, 2018

We will be sure to update once more data comes in regarding Holo's coin price as well as the projects new advancements and innovations as they become available.

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