Holograph (HLG)

Holograph is an omnichain tokenization protocol that allows asset issuers to mint natively composable omnichain tokens. The project has been used to mint millions of on-chain assets, making it one of the most widely used protocols for production and distribution of cross-chain assets.

Holograph crypto project’s burn and mint transport process unifies token supply across multiple chains by burning tokens on the source chain, sending a message via a messaging protocol to the destination chain, and then reminting the same number of tokens to the same contract address. This unifies liquidity, eliminates slippage, and preserves fungibility across blockchains.

Holograph NFT supports all types of tokens:

• Digital Art: Tokenized representations of digital art. Creators use Holograph to issue on-chain paintings, drawings, illustrations, photography, and motion graphics.
• Gaming Items: Tokenized representations of in-game assets. Game studios use Holograph to issue on-chain currency, cosmetics, consumables, weapons, and armor.
• Real World Assets: Tokenized representations of financial assets. Financial institutions use Holograph to issue on-chain stablecoins, treasury bills, and real estate.

Tokens issued using Holograph have the following properties:

• Maintaining fungibility: Holograph allows tokens to move between blockchains while maintaining the same contractual address, allowing asset issuers to easily index data between chains.
• Unification of liquidity: Holograph's coin burning and transportation process unifies the supply of tokens between multiple chains, allowing tokens to move between chains without a liquidity gap.
• Preservation of sovereignty: Tokens minted using Holograph are not tied to any specific chain, allowing asset issuers to retain control over where and how they are hosted and minted.

🤑 $HLG is the native token of the Holograph ecosystem that enables holders to influence the direction of Holograph Protocol through token governance. Its total supply is 10,000,000,000 tokens.

On May 13, 2024, Holograph announced detailed information on the airdrop snapshot. 500,000,000 HLG (5% of the total offering) will be distributed to eligible recipients in the HLG Rewards Round 1. The distribution was designed to support Holograph's continued success, stability, and progressive decentralization. Additional HLGs will be reserved for future distributions and ecosystem development initiatives.

CoinLaunch is here to provide you with the project’s pros and cons to enable you to make an informed investment decision.

✅ Holograph’s pros:

• Low monthly token Average Inflation Rate (1.79%);
• Great solution for omnichain token creation, deployment, and transport;
• $HLG token has ByStarter event on Bybit;
• Top tier backers and partners;
• Above-the-average SMM;
• Great PR performance;
• Decent Growth Marketing;
• Not bad Influencer Marketing performance.

📛 Holograph’s cons:

• 23.4% of tokens distributed for Team;
• There is not much clarity on FDV & the token price at different rounds; 
• Has only one public security audit;
• Below-the-average Search Engine Optimization;
• Team does not run social media or blog;
• Poor Marketing Infrastructure;
• It seems that the team does not have profound experience in crypto.