What is Tolar?
Tolar is an open source project deploying Hashgraph methodology to address blockchain today issue : scalability, service quality and ease of use
Tolar is attempting to solve current scalability issues and the team behind the project have developed HashNET, which they claim is a scalable, fast, secure, and fair decentralized- beyond blockchain project, which leverages Distributed Ledger Technology (DLT) and a consensus algorithm which harnesses all the positive characteristics of blockchain technology while also increasing throughput to more than 200,000 transactions per second (tps).
Characteristics of HashNET include:
• Ability to grow
• Speed
• Completely decentralized
• Mobile compatible
• Transparency of fund allocation and voting process
• Anonymity
The main goal this new ledger was being created was to design something that would have fewer scalability issues. If you take some of the most popular cryptos as an example, some of them are simply not prepared to make more than 10 transactions in a second. The future will need more complex blockchains.
Also, in this blockchain, the user will not be able to manipulate the consensus order and it does not require miners. As any blockchain, it is also very secure. HashNET is compatible with mobile devices and completely decentralized.
This token uses a new governance system known as the Magnus Consilium. By using this system, both stakeholders and investors are able to vote on any type of change that has a chance of being implemented in the company’s system. When there is a proposal, people will have to vote on it to determine whether or not it will pass.
Strengths
• Tolar’s Roadmap Looks Great. Past Progress Going Back to Q2 2017 Is Available to View and Future Milestones/Goals Reach out into Q2 2019.
• Tolar’s HashNET Uses a Proof of Stake Algorithm with Masternodes to Secure 200,000 Transactions per Second.
• Tolars HashNET Is Mobile Compatible. It’s Possible to Run a Full Node on a Smartphone.
Positive side of HashNET are that it offers interchain support, smart contracts, Dapps, programing in c++ that is widely used. Governance system “Magnus Consilium“, so on every proposals investors and stakeholders can vote. Next year they plan to deploy Ethereum Virtual Machine and Quantum resistant cryptography on their network.
HashNET is a great competitor for blockchain of new era with his scalability solution, backed by strong team of developers and blockchain experienced business managers, professors, advisors for marketing, legal issues and security. HashNET is a project that is slowly developing but securely going one step by step. Tolar Prototype reached over 130,000 TPS on multiple nodes during the live demo held 28th of June in Zagreb.
Roadmap
Tolar’s roadmap looks great. Past progress going back to Q2 2017 is available to view, and future Milestones/Goals reach out into Q2 2019. Great to see previous progress.
Token Metrics
Token Supply: 1 000 000 000 TOL
Tokens for sale: 35 % (350 000 000 TOL)
Token Issue: 7-10 days after the end of ICO
Token Lock: Only bonus tokens locked for 3 month
Pre-Sale Token Price: 0.000167033 ETH (currently live; 10 ETH min contribution)
Crowdsale Token Price: 0.000183736 ETH (min contribution: TBA)
Soft Cap: 20 000 ETH (approx. 9 400 000 USD)
Hard Cap: 57 000 ETH (approx. 26 790 000 USD)
Bonuses: 10-50 ETH invested = 10 %; 50+ ETH invested = 20 %;
Raised on Private Round: Unknown
Restricted countries: USA and China
Token Distribution:
35% Token Sales (Private round; Pre-Sale and Crowdsale)
32% TOLAR Development Fund
8% Proof of Stake Network Start Nodes
20% Founders (locked for 24 months)
2,5% Developers
2,5% Advisors
For more information , please visit :
Website: https://www.tolar.io/
Whitepaper: https://tolar.io/wp-content/uploads/2018/06/HashNET_whitepaper_v03.pdf
Telegram community: https://t.me/TolarHashNET
Twitter: https://twitter.com/TolarHashNET
Bounty0x username : jonyace
"This article was created in exchange for a potential token reward through Bounty0x"