Some facts about Tolar HashNET
As we are approaching our final phase — ICO, we wanted to share some interesting facts about Tolar.
Here are the top 20 facts about Tolar:
1.New infrastructure DLT technology with smart contracts: Smart contract platforms always have a large potential. Tolar will implement Ethereum Virtual Machine (EVM) smart contract support. This means that dApps will run on the platform, and, dApps from Ethereum can migrate to Tolar to enjoy higher speeds and lower transactional costs.
2. Competitor to Hedera HashGraph: Hedera has 60X valuation compared to Tolar, and Tolar actually does a lot of things better. Unlike with Hedera, Tolar’s DAG-based gossip protocol doesn’t require the number of nodes to be known and fixed, so it can be proof-of-stake based, fully public, and fully decentralized. Tolar is up to 24% more efficient than Hedera.
3. Working prototype: This massively reduces the risk that the project will never deliver. The HashNET protocol showed the speed of 150 000 TPS using 11 masternodes and is aiming for 200 000 TPS (transactions per second). We smashed it!
4. ICOs will be launched on Tolar and first new ICOs are already being developed: This will drive demand for Tolar. Participants in these ICOs will have to buy Tolar on exchanges. Additionally, these Tolar-based ICOs will naturally promote Tolar. Many tokens are initially illiquid (there is not enough buyers on exchanges), so even small but sustained demand due to Tolar-based ICO buyers can drive the token prices up massively.
5. Very low hardcap: With low ETH the hardcap is around $12.M, which means plenty of room for growth.
6. Excellent lockup metrics: Majority of tokens are locked for 24 months, some tokens even longer.
7. The team of 40+ high level executives and developers aims for being a top 20 crypto on CoinMarketCap: All the team tokens are locked for 24 months.
8. Low fully diluted marketcap: Even after all tokens unlock and start trading, which will take at least 3 years, the marketcap would be only $41M, which is excellent for a project with this potential and with plenty of space for growth.
9. No one got higher bonus than 20%: Projects that have crazy high bonuses get dumped. For example, it is important that there is no one with a 100% bonus waiting to dump on our community once the token starts trading.
10. Masternodes support: This a safer bet then without them, because there are many masternode investors (both individuals and companies) buying and staking tokens to operate masternodes. There are several comparison sites that promote tokens which support masternodes. Tolar promises ROI of at least 10% to masternode operators in the first 3 years. Masternode support matters! For example, DASH is a famous masternode currency. While not being very special and coming to market below 20 cents, it now trades at over $160 (and at over $1500 at its peak), partially thanks to the fact that it supports masternodes. With 500 Masternodes (500.000 TOL is required for one) there will be only small amount of TOL in circulation.
11. Mobile support: Tolar is one of the very few cryptos where you can actually operate a full-featured node on a smart phone. This is certainly more future-proof than cryptos where this is impossible.
12. Josip Maricevic: One of Tolar founders and CTO, a brain behind Tolar HashNET tech, was researching blockchain and related consensus algorithms, atomic cross-chain swaps and of- chain settlement protocols for the past 2 years. He also worked on development of a significant blockchain and IT products for past 7 years.
13. Distribution/promotional network: One of Tolar founders, Drazen Kapusta (entrepreneur with 30+ years of experience), is also a Principal and Founder at COTRUGLI Business School, leading Business School in SE Europe which offers the world’s first Blockchain MBA program and Certified Blockchain Developer Program. Over 20,000 managers have completed the programs at the school and so far COTRUGLI has an Alumni community with over 2,000 members. This is extremely important because executives from start-ups, corporations and governments will be learning about Tolar in school, year after year. As a result, many of them are likely to start start-ups, ICOs, corporate projects and government project around Tolar.
14. Government projects: Tolar’s newly appointed Slovenian Director is Tadej Slapnik formal State Secretary of Slovenia actively involved in promotion, development and smart regulation of circular economy and distributed ledger technology at European and global level.
15. Sufficient funding guaranteed: The project has already collected the softcap of 20,000 ETH, which means we will proceed no matter what.
16. Influencers are backing the project: Tolar is on Ian Balina top-3 hot list. It’s also highly rated by Benn Godenzi (8.8), Tom H. Chase (“Gem”), and OhHeyMatty (88%). ICO Crunch (4.8), Diddy Carter and Crypto Rand are investors. Blockchain code reviewer expert Andre Cronje is also impressed with Tolar “Great fundamental design”. According to some lists, Tolar is currently in Top 3 ICOs. In a bull market, Tolar would be likely sold out in seconds.
17. High-tech & future-proof: Tolar’s HashNET represents some of the hottest technology in the whole industry. This makes it extremely future-proof: It’s unlikely that some new competing chain with dramatically improved technology over Tolar will appear anytime soon.
18. Token buy backs on exchanges 30% above market price: The HashNET- Company behind the project will be buying back tokens on exchanges with 30% of its company revenue, at 30% higher than market prices and burn them! The company will get revenue by working for governments and corporations on implementing private chains for them, for example. Token buy backs are awesome because they provide price growth and liquidity. In many cases, token holders do not benefit from revenues of the companies behind the tokens. This is not the case with Tolar!
19. Partnership: Beside VC s and Funds who are already strategically located all around the globe Tolar will have clients and partners among governments, large corporations and SME.
20. Unsold TOLs will be burned.
Note: Contributors ERC-20 tokens that will be swapped with mainnet tokens once the mainnet launches. The ERC-20 tokens will start trading after ICO, which is scheduled to end on September 15.
Tolar’s HashNET has an asynchronous, gossip-based consensus mechanism that allows for lightning-fast processing of up to 200,000 transactions per second with low latency — and a prototype already achieved 150,000 TPS on June 28th!
At regular intervals, the DAG representation gets consolidated into a blockchain of strictly ordered transactions compressed with MimbleWimble technology. HashNET thus combines the advantages of a DAG-based asynchronous consensus mechanism with those of a synchronous blockchain-like data structure of finalised transactions — but a structure that is much smaller than a full blockchain and can even be stored on a mobile phone!
In addition, Tolar includes an implementation of the Ethereum Virtual Machine with Solidity smart contracts. This makes it an ideal platform for ICOs which can deal with familiar technology while profiting from all the advantages Tolar offers.
In order to be whitelisted for ICO you need to register here: https://ico.tolar.io
