Frequently asked questions
HOT was always intended to become HoloFuel. That conversion is now being made available. Here is what it is, and how it works.
- What is happening, exactly?
- HOT was issued as a temporary token, designed to be redeemable for HoloFuel once the software to do so was ready. That software is now being made available. Each unit of HOT converts to one unit of HoloFuel — a one-to-one conversion.
- What is HoloFuel?
- HoloFuel is a utility currency built on Holochain. It is a mutual-credit accounting currency — something designed to be used, not held as a bet on price. It is not a share, not a security, and not a claim on any company. This page describes a conversion of one token into another; it is not an offer, and it says nothing about value.
- When will it open, and for how long?
- The conversion opens on the date shown on the countdown. Once open, it stays available for at least six months. Any change to that period, and the eventual closing date, will be published in the terms that govern the conversion.
- What this is not
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- It is not an investment, and it carries no promise or expectation of profit.
- It is not a sale — you are converting a token you already hold into another.
- It is not custodial — no one takes hold of your assets at any point.
- It makes no representation about the value of HOT or HoloFuel, now or in the future.