In a bid to limit platforms from controlling the assets of users and to encourage decentralization, where users can actually be in full control of their funds, Halo was created. Although some parts of Halo are centralized, this development was to be able to take Halochain into the mainstream.
This new development is important because it enables hosts to get some rewards as they help in processing and storing applications. Through their initial coin offering, hosts are given the right to buy hosting services while they receive some reward at the end.
Price of the HOT
Users can now deposit HOT on the Binance website. For new customers, they will need to create an account with Binance before proceeding to deposit HOT. The details for the price of HOT are available to buyers on their website.
Rules Governing Trading
Users should get familiar with the rules governing trading as listed by Binance.
Binance, founded by Changpeng Zhao and Yi He, is a cryptocurrency exchange that has been fastly growing over the years. Initially founded in China, the company’s headquarters have now been moved to Malta.
For users who have been waiting for the trading of HOT, this would be good news as trading has already begun.
As stated on their website, the Binance team stresses the need for users to make a wise investment. They said:
“Cryptocurrency investment is subject to high market risk. Please, make your investments cautiously. Binance will make best efforts to choose high quality coins, but will not be responsible for your investment losses.”
The trading pairs, HOT/BTC and HOT/ETH, were made available for trading from 4 am (UTC) today, July 24.