/biz/ - Business & Finance

<- HD view of blackHOLO discovery

>>12587362
It's whales laughing at swing traders right before or during the pump. teeheeheee

why people say Holo is scam but github top 5 dev activity? explain pls

https://app.santiment.net/assets/erc20
https://www.youtube.com/watch?v=F17qOyaN7wM
https://www.youtube.com/watch?v=BLf-QpUTtpc

Greetings, brainlets. I’m here to talk about Holochain (HOT) and its future. I will make a few posts because what I typed is quite long.

At first I thought this coin was a Pajeet pump and dump, complete with Discord shill routine and the works. I read all about the tech and the team, and I thought that it was mostly bullshit, because the team are a bunch of SJW weird creeps and their papers are full of complicated jargon. However, I decided to do further research, and I’d like to discuss my findings, which are rather interesting.

I started with the Holochain ICO address: 0xa28fc2102da86e424b37ad86c7bc7855fc441239

I wrote a python script to parse transactions and discovered that more than one ETH genesis wallet contributed to the Holo ICO. An ETH genesis wallet is one which contributed to the Ethereum ICO. Here are two that stuck out to me:

1) ETH genesis wallet which purchased over 1300 ETH:
https://etherscan.io/address/0xa9588ed3dc5b72f7d217a246fb4b0aa8918967d9

This whale consolidated his HOT at another address and hasn’t touched them since. His HOT holdings are currently worth more than $7 million.
https://etherscan.io/address/0x6554f8587d4d40e3e58f3fec7720270df96b314c#tokentxns

2) ETH genesis wallet which purchased 200 ETH worth at ICO. He still holds his HOT, currently valued at $1 million.
https://etherscan.io/tx/0x261eeb6574ba3d36fb92f313aedc084737365ebee953b66a4e92c6c6578f1b99

A new HOT article fresh off the presses: https://hacked.com/holochain-the-new-blockchain-a-look-beyond-the-hype/

It's just an ERC-20 Token and when they launch main net the Holochain tokens will be turned into Holofuel but none of the value will carry over.

The tokens you're buying right now are essentially worthless because their destination is to be turned into a payment method for their cloud hosting which as the team stated, will have a direct correlation with how much the ecosystem is worth, i.e. how much demand there is for Holofuel, which will be next to nothing assuming it plays out like every other dApp in existence with less than ~500 daily users......

Why would the team even allow the ERC-20 token to be traded if the value is to be derived from the worth of its ecosystem in the end? Money. Just like every other ERC-20 scam. Also, the name is HOT. They couldnt name it HLC for Holochain?

holochain github at work
https://www.youtube.com/watch?v=F17qOyaN7wM