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Holo Token ICO Details

Holo is a decentralized hosting platform that enables fully-functional decentralized applications to serve mainstream Internet users, and
provides the massively scalable crypto-accounting infrastructure required to host and manage these applications at such enormous volumes of usage.

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ICO Structure Details

If we raise less than €1M we will return the ETH to all participants and will fulfill the project through other funding strategies. Since 25% of the tokens are reserved for the organization, including founders, team, and prior investors. We will mint 3.3M tokens on day one, in order to make 2.5M available for sale.
Daily Distribution
The fact the people will buy a token to speculate with does not mean there is a demand for the product or service. We are leveraging our crowdfunding campaign to indicate demand for our product and to provide indicators of the size of our initial community of developers, hosts and users. Based on the sale of boxes and developer tools, new tokens are released by an algorithm connected to that project demand.
Each day’s sales of hosting boxes and developer events expand the supply of tokens according to a fixed formula which means the token supply is not a pre-determined number. Once per day, the newly released amount of credits will be written to the blockchain enabling further credit/token sales. If all tokens are sold out, nobody can buy tokens until the next update releases more (which of course can be expanded by purchasing from the crowdfunding campaign).
We don’t allow any single wallet to buy more than 10% of the credit supply of each day.
We log the amount of available credits and sold credits for each day of the sale period and will make these statistics visible on our credit sale webpage.
After the sale period ends, we mint tokens for the team such that the team get 25% of the total number of tokens in existence. Thus, during the sale only 75% of credits, calculated based on crowdfunding statistics, is made available for sale. The aim is to avoid artificially increasing the supply with tokens minted for the team.

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