We're all gonna make it frens.
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Holochads report in
Adrian Wright
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Jack Garcia
Brailnet here. Will my HOT be swapped to HoloFuel if I let them stored on Binance? I don't get how this is goging to work since apparently it is not a smooth token-mainnet swap like I'm used to.
Samuel Allen
I think it will. They have some kind of arrangement. But you will be able to swap HOT to HF forever. The HOT tokens won't be burned like the initially planned - i like that a lot better desu.
t. future holonaire
Jose Ramirez
AFAIK you'll need to complete KYC with the holo reserve to swap HOT for HoloFuel officially. However, if binance lists HoloFuel you should be able to exchange it on there.
What's got me excited is the team is clearly thinking about the economics of their token and the system they're planning to implement should keep the value of the token and fuel balanced during the swap.
William Adams
I fail to see how is that better. Won't it be more confusing to have two currencies now? Which one would held more value? Or, when HF is released, why should HOT have any value.
Grayson Adams
Because they are converted 1:1
Makes it easy to swap any time one way.
Brayden Rivera
>As Holochain use and adoption of the Holo network grows, demand will increase, and several variables will come into play, that will precipitate a transition to a truly dynamic supply of HoloFuel. What marks the move into this Transitional Period is the occurrence of one or more of these elements:
Fiat or another Crypto Reserve is established
HoloFuel is listed on an exchange
Host Credit Lines are enabled
At some point during the Transitional Period we will give 6 months notice announcing the end of the HOT to HoloFuel swap. The end of the swap will also mark the end of the Transitional Period.
It seems like they'll end the swap 6 months after one or more of these 3 events occur.
Lincoln Price
BECAUSE HOT IS AN ERC20 TOKEN EASILY TRADABLE ON ALL EXCHANGES THAT ACCEPT ETH THUS ADDING A LOT MORE LIQUIDITY AND REDUCING ALL KINDS OF RISKS.
I thought that was obvious desu.
Landon Green
This is going to be /ouryear/
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Mason Young
Based movie