Holochain Forum

Holofuel and HOLO (HOT)

When Holofuel will be release we Have six months of time to swap HOLO (HOT) to Holofuel, but after six months what will happen to HOLO (HOT)? It will remain on exchanges? It will possible to swap Holofuel to HOLO (HOT)? The rate will be always 1:1? It is not clear. Thank you.

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the 1:1 rate will only be available during the swap period. Afterwards (as far as I know) HOT will remain in circulation as a bridge over to other crypto currencies. It seems likely that there will be a HOT/HoloFuel reserve account held by Holo so that hosts may redeem in Hot but I don’t know if that is all settled.

After the swap period is over, I assume the exchange rate between HOT and HoloFuel will be market based.

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I understand. Thanks for the reply!

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Hi, I have token in crypto.com, will they be automatically swapped?

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Swap will not be automatic, no.

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How do we swap? I’m new in this! :innocent:

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Hi Holo Gang,

I hold HOT tokens in Binance, those wont automatically swap either right ?
Any idea when the new Holo Fuel will be available for swapping ?

Hi Brooks, I also own Hot on the Crypto.com account
I would like to know how the exchange can be made? since it will not be automatic I assume that it will be possible to select the new HF coin and make the exchange from the crypto wallet … so all the owners of Hot will be able to trade with a value of 1: 1 … am I wrong? Thanks for your time