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Whitepaper 1.04

Version 1.04 - February 2022

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This whitepaper is a working document that is subject to review and changes

What Is a White Paper?

A document published by a crypto project that provides investors/users/members with technical information about its concept and a roadmap on how it plans to grow and succeed.

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Disclaimer

  • This document is not intended to invite investors or to offer securities by any means in any legal jurisdiction.

  • The information contained in this document and throughout the document is not exhaustive.

  • Features of the implemented project may differ based on regulatory approvals or other considerations and may evolve over time.

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No advice

This paper does not constitute any investment advice, financial advice, trading advice, or recommendation by Hola Wallet.

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Third-party data

This paper contains data and references obtained from third-party sources. Whilst the management believes that these data are accurate and reliable, they have not been subject to independent audit, verification, or analysis by any professional legal, accounting, engineering, or financial advisors. There is no assurance as to the accuracy, reliability, or completeness of the data.

Translations
This paper and related materials are published in English. Any translation is for reference purposes only and is not certified by any person. The accuracy and completeness of translations cannot be guaranteed. If there is any inconsistency between a translation and the English version of this paper, the English version shall prevail.

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Restricted transmission

This paper must not be taken or transmitted to any jurisdiction where distribution or dissemination of this paper is prohibited or restricted.

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Professional advice

You should consult an attorney, accountant, tax professional, and/or any other professional advisor as necessary before determining whether to purchase or invest in Hola Wallet/Hola Coin.

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1. Introduction
These days, most money is data. There's no reason it can't travel as cheaply and quickly as email. Banks are outdated, most e-money services charge a higher fee for international transfers, and also getting on-board is complicated. 

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As the world becomes increasingly digital, cryptocurrencies are the next natural step in the evolution of money. Blockchain and cryptocurrency were meant to democratize money, but due to their highly complex nature, many cannot even understand what it is. Billions of people around the world are unable to participate in the cryptocurrency revolution today due to its complex nature and Fiat <> Cryptocurrency conversion difficulty. Now we all know, blockchain is better, crypto is the new money, but it doesn't have to be complex! We all need a better solution to handle our crypto, so we created one.

 

Founded in October 2019, with the radical idea of making crypto accessible to everyone. Our goal from day one was to create simple and easy-to-use financial products for everyone out there. Today, we are one of the fastest-growing trusted and easy-to-use platforms for accessing the broader crypto-economy.
 

With your help, Hola Wallet will build a world-class crypto exchange, powering the future of crypto finance.
 

2.  Executive summary
OUR VISION
We are here to bring crypto to everyone, helping them change their lives to embrace new ways of trading.
We are a community that builds the future of the crypto economy. We will remove all barriers that block the mass adoption of crypto. We have identified many barriers and have already solved many problems for 300K+ people. We believe that by doing this we can accelerate the world's transition to cryptocurrencies, which will help everyone gain control over their money, data and identity.
 

3. Problem Statement and Our Strategy
Some of the current crypto exchanges suffer from a number of problems:

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  • User Experience
    Poorly designed user experience does not delight or satisfy mainstream users and also creates confusion among newcomers.

    Hola Wallet was designed with users in mind. Our apps are well designed by our experienced team to offer our users an exceptionally delightful experience. And we don't stop here, we continue to innovate to give you the best possible experience.
     

  • Complexity
    Difficult to understand and invest for new-to-crypto users.

    Yeah, we all know that most crypto platforms are really complex, this is a huge barrier for crypto mass adoption. We’ve well-designed the Hola Wallet for a hassle-free experience. That’s why we’ve chosen a Hybrid P2P Centralized Model,  which offers zero complex user experience.
     

  • Insecure platform 
    There are hundreds of exchanges that went down due to being hacked. 

    We safeguard user funds by securing our platform with strict protocols and industry-leading technical measures. Hola supports strict sign-in protocols using two-factor authentication, including app-based, SMS, and email methods. We store the vast majority of the digital assets in secure offline storage. (Beta)
     

  • Poor customer service 
    When crypto users get stuck with something on the platform or want to learn more about user features, they go straight to customer support contacts for advice or troubleshooting. Adequate resources for customer support is something that is definitely missing from many cryptocurrency platforms, as many growing exchanges do not increase their resources for the number of users they serve.

    Hola Wallet strives to provide the best customer service. No “tech speak” or confusing steps. Our support team is here to help you no matter what.
     

  • Poor internationalization
    Blockchains have no borders. Most of the exchanges focus only on one country and few payment methods.

    With Hola Wallet, no matter where you are, buy and sell cryptocurrencies in the easiest way using your local payment methods.
     

  • High transaction fees
    Slow transaction times and huge fees can now be a problem for many cryptocurrencies.

    Hola Wallet offers the lowest trading fees and the Hola Off-chain transaction allows members to send Hola Coins at zero transaction fees! It means you can send Hola Coins to Hola members for free instantly. No hidden fees are there for your transactions.
     

  • No Recovery
    Having to remember a 64-character seed phrase or write it down on a piece of paper at the risk of losing all your money is a huge barrier. 

    With Hola Wallet, you can easily recover your password, MPIN or username. So you won't lose your funds even if you forget something. No seed phrase, no sweat. 
     

  • Not Enough Rewards
    Some platforms offer rewards or earnings on your crypto, but still, it is expensive and not enough.

    We believe that financial freedom does not come with a price tag. Everyone can have the opportunity to be financially successful. With Hola Wallet, get rewards for every action you take such as;
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    # Staking
    # Referral
    # Contests
    # Free drops
    # Scratch cards

     

4. Hola Crypto Exchange

Hola Smart P2P Matching Engine
Traditionally, peer-to-peer systems are classified listings where you need to go through the following steps to purchase cryptocurrencies with fiat money:
 

  • Analyze each order volume, price, and payment method to figure if it aligns with your requirements

  • Choose multiple orders depending on your trade size

  • Figure out the legitimacy of each trader before you deal with them
     

These traditional P2P systems are not beginner-friendly. With the Hola Smart P2P Matching service, you will automatically be matched with the best seller/buyer within minutes and you can easily complete the trade with 100% protection with an experience similar to regular trading.

With Hola Smart P2P Matching Engine any beginner can trade cryptocurrencies easily with their local currency. It’s hassle-free with a zero learning curve, and available 24x7.

Traditional P2P Marketplace
If you are a Pro trader or you like to bid or buy cryptocurrencies at your preferred prices then we have the Traditional P2P Marketplace for you. Where you can find buyers and sellers and start trading at your chosen rate with other users online using our live chat and pay or get paid in one of the numerous payment methods.
 

5. Coins 
Hola Wallet will support trading pairs in the following coins: 
● BTC 
● ETH
● LTC 
● USDT
● USDC
● TRX
● HAC

More coins will be added over time. We generally will only add coins that have strong credibility, user base, and liquidity. 

6. Device Coverage 

Hola Wallet is only accessible via smartphone to make crypto more easily accessible for everyone, Hola Wallet supports both Android and IOS devices. 

7. Highlights

  • 300,000+ app installs with an average rating of 4.5+ stars

  • Available on Android and iOS

  • Hola Smart P2P Matching Engine

  • InstaPay (Instant Hola Wallet to Hola Wallet Transfers)

8. Solutions Overview

We keep things simple, one App for all. Below is an overview of the products we offer;

  • Payment - Hola Wallet InstaPay

  • Trading - Hola Wallet (P2P Crypto Exchange)

  • Financial Services - Hola Earn, Hola Credit and Hola Business

  • Metaverse - NFT & GameFI

  • Blockchain Infrastructure - The Hola Blockchain

9. Revenue Model

Hola Wallet’s revenue will come from the following sources:
 

Source 

 Details

Trading Fees
Listing Fee 
Withdrawal fees
Fee on Borrowings

Variable

Variable

Variable

Variable

10. Hola Coin (HAC)

We’ve been issued our token coin, called the Hola Coin. A strict limit of 3 Billion HAC is created, never to be increased. Now HAC will run natively on the TRON blockchain with TRC 20, later we will migrate HAC to our blockchain called THE HOLA BLOCKCHAIN.

HAC is the utility token forming the backbone of the Hola ecosystem. The token holders will be rewarded with various benefits on the trading exchange, and in our future projects - whether or not detailed within this white paper.
 

Token Overview
 

Name of Token
Hola Coins
 

Currency Code (Ticker)
HAC

Maximum Supply 
3000000000 HAC
 

Algorithm (Present)
TRC20 token on the TRON blockchain

Algorithm (Future)
The Hola Hybrid Blockchain
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DApps Blockchain (Future)
The Hola Hybrid Blockchain
 

Initial Pre-sale Price
$ 0.003 (Sep-03-2019)
 

Wallet
Exclusive Hola wallet for special benefits
Support any TRC20 TRON Token Wallets
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Allocation  
 

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%

HAC Tokens

30%

25%

15%

25%

5%

90,00,00,000

75,00,00,000‬

45,00,00,000

75,00,00,000‬

15,00,00,000‬

Where?

Public Sale

Rewards

Reserve

Team & Advisors

Research & Development

11. The Hola Blockchain
Decentralization | Hybrid | Faster | Secure

Blockchain technology has evolved tremendously over the past few years. The Hola Blockchain is a decentralized, programmable database designed for the future. At present we are in the development of ‘The Hola Blockchain’, and it will take some time. For the time being Hola Coin will exist on the TRON blockchain rather than a less developed/tested “altcoin” blockchain nor within closed source software running on centralized, private databases.

12. Roadmap

Segments
✔️  Personal payments
        Business Payments
        Payment Pages
        Invoicing
        Digital asset exchange
        Learning
        Gaming

Special
  ✔️  Simple
  ✔️  Instant
  ✔️  Peer to Peer
  ✔️  Zero Fees
  ✔️  Instant Liquidity
         Instant Credit
         Buyer Protection
         Payment Tracking
         Marketplace

We are just scratching the surface, the to-do list is long...
 

13. Conclusion
The Hola Wallet app has a simple and neat user interface and experience ensuring that everyone - from novice cryptocurrency enthusiasts to pro traders - can trade on our platform seamlessly. Hola Wallet has been built by a community of hardcore traders and passionate blockchain believers.

We are building the future of the cryptoeconomy, which is more open, fair, and simple. So that people can go beyond.
We cannot know the future, but we are glad to be trying to make it a better one for everyone. 

Trading in cryptocurrencies comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing. 

IMPORTANT NOTICE
IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S).

The Hola tokens(Coins) are not intended to constitute securities in any jurisdiction.

In the event of any inconsistencies between the T&Cs and this paper, the former shall prevail.

No regulatory authority has examined or approved of any of the information set out in this paper. No such action has been or will be taken under the laws, regulatory requirements, or rules of any jurisdiction.
 

DISCLAIMER OF LIABILITY
To the maximum extent permitted by the applicable laws, regulations and rules, Hola Wallet and/or the Distributor shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this paper or any part thereof by you. 

RISKS AND UNCERTAINTIES
Prospective purchasers of Hola tokens (as referred to in this paper) should carefully consider and evaluate all risks and uncertainties associated with Hola Coin.

We understand that our implementation doesn’t immediately create a fully trustworthy cryptocurrency system. Almost all exchanges and wallets are subject to the same weaknesses. Users of these services are already subject to these risks. Here is a summary of the weaknesses;

  • We could go bankrupt

  • Our bank could go insolvent

  • Our bank could freeze or confiscate the funds

  • Decentralized of risk to a single point of failure

    Observe that almost all digital currency exchanges and wallets already face many of these challenges. Therefore, users of these services are already subject to these risks.

    We remain fully committed to our mission and are eager to begin delivering on it.
     

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