Tolar HashNET

Currency

Tolar is an open source, community governed crypto-currency featuring scalable, fast, secure, and fair transactions.


Tolar HashNET ICO Review


Tolar HashNET is:

Salable – scalability is now the biggest problem in blockchain technology, HashNET offers a solution, with support over 200,000 transactions per second, which is 28,5x more than Bitcoin (7 tps). So all transaction are processed in seconds.

Fast – HashNET is implementing Proof of Stake algorithm combined with masternodes to reach distributed consensus. This way recording and processing transactions saves time and electricity. No need for mining and final confirmation is ready instantly.

Secure – it holds all the security aspects of usual blockchain, can’t be hacked and creates transparency in a way that participants are compensated for correct voting.

Fair – there is not a possibility for individual to change order of consensus.

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.

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.

Negative side is that we still anticipate more news from their team who is working on partnerships and details about token distribution and allocation of funds, also their Github is not yet public.

“I believe that we have excellent and honest team capable to deliver our strategy.” says Drazen Kapusta founder of Tolar HashNET

LIVE PRESENTATION OF TOLAR PROTOTYPE
Hotel Westin in Zagreb (Croatia) – June 28, at 18h00
The presentation will showcase the current progress of the project, including the presentation of our prototype with a speed of over 100.000 TPS.

Partnerships
"We have some partnership in pipe line, but we will not announce them in this point." says founder Drazen Kapusta
Advisors
Tolar HashNET has 3 advisors.

Manuel A. Alonso Coto, PhD | Director of Corporate Marketing – Executive Education at IE Business School. Worked as expert for marketing for IE Business School for more than 30 yrs combined. Also worked as IT/IS Manager for US Department of State for more than 4 yrs.

Valerio Opacic | Security Advisor for Tolar HashNET, Access and Cyber Security Services Manager at McDonald's Corporation. IT Director for McDonalds in Austria for 2 yrs and cyber security for 7 yrs. More than 20 yrs experience in IT sector.

Peter Merc, PhD | Leagal Advisor for many ICO projects: Eligma, CargoX, Trusted Health, Money Rebel, Robotina, HoneyComb, Blocksquare, Gledos, DataFy, Ace.Trade, BeyondSeenScreen, X8 Currency, Emmares, etc. Founder and first lead coordinator of Blockchain Think Tank Slovenia. Worked for a year as Capital Markets Senior Compliance Officer for Addiko Bank Slovenia.
Competitors
There is a lot of competitions in this field. Now days seems like everybody has a solution for scalability of blockchain, but some of them are really successful. From research on base of CryptoGo databank from January 2017, about 370 ICO-s were taken as a sample with approximately 9B $ in funding. Results had shown that investing in blockchain projects had been investments with the highest ROI. From the examples we see that although there is a lot of competition there is also a chance for development, because crypto market is still in his beginning and there is a lot of space for various projects with good solutions.
Competitors:
EOS - Currently has a market cap of 10 B, ATH market cap was 17,5B. They raised 196M during ICO.
ICON (ICX) - Currently has a market cap of 1 B, ATH market cap was 4,5B. They raised 42M during ICO.
ARK - Currently has a market cap of 253M, ATH market cap was 910M. They raised 1M during ICO.

Competitors median market cap: 4,000,000,000 $
Hype
8731   1421   98
Hype tools used:
Nothing

It won the ICO pitch contest in Budapest at Crypto World Tour and got on Ian’s Balina spreadsheet. Their social chanal’s member number doubled in a week. So Tolar is getting huge attention.

Andre Cronje reviewed Tolar’s code and made a conclusion: “Great fundamental design, one that I look forward to see in the testnet, as soon as it is out. I think it can make a real difference in both finality and transaction throughput. All in all, good code, novel design, excited to see where this goes.”

Token price in crypto
0.000183736 ETH
Hard cap
57,000 ETH (~27,072,264 $)
ICO supply
350,000,000
Total supply
1,000,000,000
Token % for public
35%
What happens to unsold tokens
Locked for 24 months
Currencies accepted
ETH, BTC, FIAT
Private sale min. investment
50 ETH
Bonus
Private sale bonus: 20%
Pre-sale bonus: 15%

No lock on main tokens but there is a lockup on bonus tokens for 3 months and 24 months on team tokens.
Allocation of funds
Tolar HashNET allocation of tokens will be:
· 35% Token Sales,
· 32% TOLAR Development Fund,
· 8% Proof of Stake Network Start Nodes,
· 20% Founders,
· 2,5% Developers,
· 2,5% Advisors.
Tolar HashNET has 24 team members which of 8 are Foundation Members, 8 are HashNET Tech Developers and 8 are in HashNET Bizz Team.

Drazen Kapusta | Principal and founder of Tolar.io | Principal of Cotrugli Buisness School for 21 yrs. Director of Mercuria for 21 yrs. Advisor for 4th Pillar - blockchain human resources and finance connecting platform for individuals and organizations from Jan 2018.

Josip Maricevic | Co-founder ans CTO | Josip is an Engineer of Computer Science, Faculty of Electrical Engineering and Computing, University of Zagreb. Owner of Moon Code - mobile app for development agency for 4,5 yrs. More than 7 yrs combined work experience as a iOS developer at Qnective AG, ShoutEm and Five Minuts Ltd. Now working as a Blockchain core developer at Blocknet.

Zoran Dordevic | CEO | Magenin partner at Cotrugli Business School for 20 yrs. Advisor at CookUp - blockchain app for cooking. passionate for Blockchain technology. One of the first of in introducing Blockchain technology into regular MBA curriculum which led to creation of the Blockchain Academy.

Terence Tse | Board Member | Terence has a PhD in Management Studies, University of Cambridge. Working as a Associate Professor of Finance at ESCP Europe Business School. He is Co-founder and CEO of Nexus Frontier Tech - an AI studio for over a year. Also work for a lot of well known companies like Allianz, UniCredit, McKinsey & Co. Yahoo!, YIT, China Merchant Securitas, etc. Terence regularly provides comments for Financial Times, The Economist, The Guardian and CNBC.

Team is very good, strong, experienced in blockchain technology and developing.
Tolar HashNET is developing over a year now. They started in Q2 2017 establishing their executive members and first project funding. In Q3 they made Initial network development and first cryptocurrency experiments. This year they launched Blockchain academy, created team of 30 members, published web site, started private sale phase and presence in social media. In Q2 2018 first whitepaper got out and Initial mainnet chain with masternodes and stalking system. Now they are working on conducting an ICO in Q3 2018, finalizing their whitepaper and developers demonstration of HashNET. To the end of year they plan to release mobile wallets, chain explorer and be listed on exchanges. Year after in 02 2019 there is a plan for Public release of HashNET protocol and switch from mainnet to HashNET protocol, also they plan to implement Smart contracts and Quantum resistant cryptography.
Project phase
No prototype yet. They plan to have a live demonstration in June showcasing more than 100,000 tps on multiple nodes.
Private sale start
21/05/2018 
Private sale end
TBA
Crowdsale start
End of August
KYC
YES
Token distribution
TBA
Bonus unlock
After 3 months
Exchange date
One week after token sale.

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Tolar is an open source, community governed crypto-currency featuring scalable, fast, secure, and fair transactions.


Expected ROI
Reveal
ICO starts in
End of August


Token Metrics
Hard cap
57,000 ETH (~27,072,264 $)
Soft cap
10,000,000 $
ICO supply
350,000,000
Total supply
1,000,000,000
Token
TOL
Accepting
ETH, BTC, FIAT