While the cryptocurrency market is struggling with corrective price movements, Holo (HOT), one of the favorite altcoin projects of Turkish crypto investors, came up with an interesting discussion. Paul d’Aoust, technical team of the altcoin project, says that HOT is not an investment vehicle. Details cryptocoin.com‘in.
Paul d’Aous: Holo (HOT) is not an investment vehicle
Holo’s goal is to provide an ecosystem where DApps are easily accessible as they are hosted on the internet by Holo network participants, acting as a bridge between the wider internet and applications built using Holochain. Paul d’Aoust, one of the development team behind the project, says that HOT, which reaches a large investor base especially in Turkey, is not an investment tool. d’Aoust also included the following statements in his tweets during the day:
We said from the very beginning that Holo is not an investment vehicle. HOT was released for use in HoloFuel’s hosting service. We have always aimed to make marketing different. I think these people were sold a false promise.
Turkish altcoin investors suffer
The discussion was in the sections that were drawn to inflation in Turkey. Answering questions about the victims of the economic crisis and HOT, Paul responded to the criticism of “also consider people’s financial struggles”:
I know, it’s heart breaking. It feels heavy to me. Still, we’ve always said from the very beginning that HoloFuel is not an investment — it’s a hosting credit pre-purchase. And we always aimed to make marketing different.
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