Today, let us all learn and experience together all about TOLAR HASHNET. If you don't know anything about them, don't run away, that's why I'm here, to change that within the next few minutes. Before I begin, I just want to quickly mention that I will be including LINKS so that YOU can do your own research or whatever you feel you need. I feel it's best to have all of the information in one place, in an organised manner, rather than dotted about the page making what you want hard to find or confusing. All these links will be put at the BOTTOM of this page to keep things easy.
Tolar is an open source, community governed crypto-currency featuring scalable, fast, secure, and fair transactions. HashNET is defined as a scalable, efficient and high-impact decentralised solution to social innovation challenges leveraging Distributed Ledger Technology (DLT) and consensus algorithm which keeps all positive characteristics of a blockchain technology while increasing throughput to more than 200,000 transactions per second. The Network is using Proof-of-Stake with masternodes, which eliminates the need for massive energy consumption.
THE PLATFORM
Tolar has developed HashNET; a scalable, fast, secure, and fair decentralized- beyond blockchain project, leveraging Distributed Ledger Technology (DLT) and consensus algorithm which keeps all positive characteristics of a blockchain technology while increasing throughput to more than 200,000 transactions per second. Network is using Proof-of-Stake with masternodes, which eliminates the need for a massive energy consumption. For those of you who are interested in joining us follow this information: https://www.tolar.io
Whitepaper: https://www.tolar.io/wp-content/uploads/2018/07/Tolar-whitepaper-1.pdf
Tolar has a governance system called Magnus Consilium in which stakeholders and investors will have the power of voting on proposals in order to participate in improvements of HashNET network.
I am going to get straight to the point of who they are since this is such an important factor, as I like to put it, “The Brains behind TOLAR ”. If the team behind the product or service in question haven't the resources or knowledge, then we know the product or service delivered will possibly not have the quality it should have. We need to know two very important things when we look at a new starting up company:
Who are the people/team behind this?
What experience and knowledge do they possess?
Okay, so, because I've already done all the research needed beforehand and thoroughly TOLAR I can very happily confirm that this company has a fabulous team onboard. Here they are:
FEATURES
• Governance system:
It has governance system called Magnus Consilium, it conducts the voting for the investors and stake holders to participate the Hash Network. It will be part in the community in tenders and POS (Proof of stake). It accepts the tenders based on criteria like social impact, Decentralisation and governance, Outreach, Contribution and Extensiveness
• Token economy:
Tolar issues Ethereum based utility token called “TOL” which can be used in the internal ecosystem of the platform for the services availed in the platform and reward distribution.
TOLAR HASHNET SOLVES PROBLEMS BY:
Using HashNet is a variant of the Redundancy Reduced Gossip that reduces the number of unnecessary messages in the system by half.
Develop the election system on the nodes to provide incentive policies that eliminate bad nodes that endanger the system.
Manage nodes with the nodes Reputation Based System to prevent bad behavior.
Implement multiple voting and election mechanisms to select a group of high-level nodes to protect consensus and protect the system from bad nodes.
A plurality of nodes have the right to evaluate and vote on the nominations of any node, and any node has the right to nominate polls for any given topic.
Upgrade Bitcoin’s MimbleWimble model by developing the concept of Confidential Transaction and One Way Aggregate Signatures.
Upon reaching the desired throughput, Tolar HashNet will be integrated with Ethereum Virtual Machine (a smart contract).
Developed a new algorithm for Quantum resistance on HashNet.
TOKEN DETAILS
Token symbol: TOL
Total supply of tokens: 1,000,000,000
Softcap: 20,000ETH (Reached)
Hardcap: 45,000ETH
Pre-Sale is live Now
Crowd Sale: 15th Sep to 20th Sep 2018
Total Supply: 1,000,000,000 TOL
Hard cap: 35 million USD
Soft cap: 10 million USD
Tokens for sale: 35%
ICO phases:
Private sale (unknown date),
Pre-sale (ongoing until 31 Aug 2018), and
Main Sale (unknown date).
Alloc %:
Private sale: 21%
Pre-sale: 5.25%
Main Sale: 8.75%
Lockup
Main Tokens: no lock
Bonus Tokens: 3 months
Team Tokens: 24 months
Token Allocation:
→ Contributors: 35%
→ Founders: 20%
→ TOLAR Development Fund: 32%
→ Proof of Stake Network Start Nodes: 8%
→ Developers: 2.5%
→ Advisors: 2.5%
Useful links:
Website: https://www.tolar.io/
Whitepaper: https://www.tolar.io/documents/
Join on Telegram: https://t.me/TolarHashNET
Follow on Twitter: https://twitter.com/TolarHashNET
Follow on Facebook: https://www.facebook.com/TolarHashNET/
Follow on YouTube: https://www.youtube.com/channel/UCL8ksEpe6um71pcdPi6wpXQ
Follow on LinkedIn: https://www.linkedin.com/company/tolar-io/
