Tolar
Tolar is an open source, community governed crypto-currency featuring scalable, fast, secure, and fair transactions.
Public Sale Stage 1
Token sale is finished.
Starts September 1 2018
Ends September 20 2018
ICO details
  • Token
    TOL
  • Platform
    Ethereum
  • Country
    Slovenia
  • Whitelist/KYC
    KYC & Whitelist
  • Restricted areas
    USA, China

HashNET is 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.

HashNET is scalable, efficient and high-impact decentralized solution to social innovation challenges leveraging Distributed Ledger Technology (DLTs). This revolutionary algorithm features faster transaction time, masternodes and will have an open source, community-governed crypto-currency – Tolar.

DLT in its public, open and permissionless form is widely considered as a ground-breaking digital technology supporting decentralized methods for consensus reaching, as well as sharing, storing and securing transactions and other data with fewer to no central intermediaries.

HashNET consensus uses “redundancy reduced gossip” and “virtual voting” protocols based on a distributed computation and algorithms from theoretical computer science, which provides a fair and fast, Byzantine fault tolerant consensus algorithm. It is a new consensus substitute platform and is designed to run on a non-permissioned (public) network thereby, reaching a larger community.

HashNET is designed to solve the blockchain scalability problem using the revolutionary algorithm discussed above. It is a new consensus substitute to blockchain, keeping all the good characteristics from blockchain (decentralized, transparent, pseudo anonymous) and increasing speed to more than 200.000 TPS.

HashNET is cost-efficient and environmentally friendly given that no mining is required, as it uses minimal computing resources. It is designed to solve the problem with Bitcoin, Ethereum and similar PoW systems, which now use more electricity than 159 countries including Ireland and most countries in Africa.

HashNET is scalable

Scalability is the biggest problem in the blockchain technology space. Projects like Bitcoin and Ethereum are simply not capable of transferring a large number of blockchain transactions in a short timeframe. HashNET, on the other hand, was built to support over 200,000 transactions per second, compared to Bitcoin, which can only manage 7 transactions per second. Also, even with a large increase in number of nodes, HashNET network will be able to process all transactions in a matter of seconds.

HashNET is fair Why?

Because no individual can manipulate the order of transactions. With HashNET, there is no way for the individual to affect the consensus order.

HashNET is fast

It doesn’t require miners to create a chain of blocks in order to record transactions. This process of creating a chain of blocks is very slow and it consumes a large amount of electricity. HashNET uses Proof-of-Stake algorithm combined with masternodes to reach distributed consensus. The process of receiving and recording occurs as soon as the transaction takes place, which allows the final confirmation to be ready instantly.

HashNET is 100% secure

HashNET can’t be hacked due to the power of a distributed algorithm, which is responsible for reaching consensus within the nodes. Also, combining Proof-of-Stake and masternode creates transparency, since the participants are compensated for correct voting

Missing or incorrect data?
  • Josip Maricevic
    Founder
  • Drazen Kapusta
    Founder/Principal
  • Zoran Dordevic
    CEO
  • Terence Tse
    Board Member
Missing or incorrect data?
  • 1
    Q2 2017

    TOLAR project founded and funding received
    Executive group established

  • 2
    Q3 2017

    Blockchain Conference
    Rovinj Initial network development
    First cryptocurrency experiments conducted

  • 3
    Q1 2018

    Launch of the Blockchain academy.
    Recruiting process of key team members has started.
    Core Tolar team created with 30 members.
    Website published.
    Tolar will introduce project publicly

  • 4
    Q2 2018

    Initial version of HashNET whitepaper
    Launch of initial mainnet chain with masternodes and staking system.
    Start of the private sale phase and social media presence.

  • 5
    Q3 2018

    Finalized version of HashNET whitepaper
    Developers demonstration of HashNET
    Pre-ICO
    ICO
    Tolar Prototype - live demo
    Exchange listing

  • 6
    Q4 2018

    Chain explorer
    Mobile wallets

  • 7
    Q2 2019

    Public release of HashNET chain
    Switch mainnet to HashNET protocol

Token info
  • Token
    TOL
  • Platform
    Ethereum
  • Type
    ERC-20
Pre-Sale and Public Sale info
  • Public Sale 1
  • Public Sale start
    September 1 2018
  • Public Sale end
    September 20 2018
  • Available tokens
    350000000
Investment info
  • Accepting
    ETH
  • Soft cap
    20,000 USD
  • Hard cap
    45,000 USD
Missing or incorrect data?
Token allocation model
Use of funds model