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Tolar .. Distributed ledgers to benefit from the Blockchain development

2018-08-08 06:08 pm | Resource: Crypto Section | No Views : 296

Tolar .. Distributed ledgers to benefit from the Blockchain development Tolar .. The project is one of the projects open source, which is a digital currency subject to the rule of society, which includes transactions can be developed fast, safe and just as well, and the company wants to provide logistics, health care, and cooperation with governments, we will learn about this project and his idea, The team, the roadmap, and a final conclusion on the project's efficiency in the future.

Project name: Tolar
Token symbol: TOL
White paper:
Hard cap: 45,000 ETH (token sale contributors will own 35% of the total token supply)
Conversion rate: ICO price and presale price for 1-9 ETH = 0,000145055 ETH per TOL
Maximum market cap at ICO on a fully diluted basis: $54 million based on current ether price of $420
Bonus structure: For presale, contributions of > 50 ETH = 20% bonus; between 10-49 ETH = 10% bonus. 3-month lock up for bonus tokens.
Private sale / white list: Presale in progress until the end of August 2018. Presale and whitelist registrations are currently open at
ERC20 token: Yes (will be switched to native tokens when the mainnet is launched)
Countries excluded: USA, China
Timeline: Currently planned for September 15-20, 2018 (14:00 GMT). The ICO may end earlier if hard cap is reached (please visit Tolar’s official website and join their Telegram channel for the most up-to-date information on their upcoming token sale)
Token distribution date: Q3 2018

What is the Tolar project?

Is an ongoing Blockchain solution based on its HashNET protocol, which aims to solve the problems facing current Blockchain technology, including cost, slow transaction speed and scalability.
The HashNET Consensus uses the "low reduction" protocol and the "virtual vote", which aims to provide a fair tolerant consensus algorithm and Byzantine speed. Since there is no need for mining, less computer resources are used, and therefore, electric power is used.
Using the PoS and Masternods to reach a distributed consensus, the platform aims to achieve 200,000 transactions per second (TPS), making it faster than many existing Blockchain.
HashNET features include money transparency, speed, mobile phone compatibility and the ability to grow and decentralize.
The prototype published by the team in June 2018 showed 130,000 TPS during the live demo, and the team reached 150,000 TPS during their pilot testing.
According to the team, Tolar is designed to become a global payment network from the beginning. In the end, the platform will be able to host new ICO projects and decentralized applications.

How advanced is the project?

The project was established in the second quarter of 2017. On June 28, 2018, Tolar HashNET offered its initial prototype at speeds up to 150,000 TPS on several nodes.

Project roadmap

Q3 2018

Developer demonstration of HashNET

Q4 2018

Chain explorer
Mobile wallets

Q2 2019

Public release of HashNET Chain
Switch mainnet to HashNET protocol
SDK released
Future Development
Smart contracts
New ICO projects to be launched on top of Tolar HashNET
Quantum-resistant cryptography

Tokens which used and its valued

TOL is the network token and is used to motivate many platform users:
Masternode Owners: Help secure the HashNET network. The owners of Masternode are required to meet the minimum requirements of the server and must receive 500,000 TOL number as security to prevent any malicious activity. They are rewarded with transaction fees from all transactions that are validly verified and through incentives from the Tolar Cash Fund in the form of TOL.
Regular contract: The normal contract is assigned to publish events and validation and is rewarded with distinctive codes. They are able to sign the contract, but they have a lower percentage of the bonus compared to the voices of the master.
TOL should be valued as more participants join and use the network, which in turn is driven by factors such as reward attractiveness in the node, processing speed, security, network transaction fees, and so on.


The Tolar team is currently comprised of at least 24 people: 8 people on the Foundation Board, 8 people on the HashNET Tech team, and 8 people on the HashNET Bizz team. The biographies of the key team members are summarized below:
Josip Maricevic, Co-founder and CTO – 2 years of experience in blockchain and related consensus algorithms, atomic cross-chain swaps and off-chain settlement protocols. Previously the owner and developer of Moon Code, a mobile app development agency that also offers various blockchain-related services. He has also worked at various companies based in Switzerland such as Qnective AG, ShoutEm and Five Minutes as an iOS developer for more than 7 years.
Drazen Kapusta, Co-founder and Principal – 30 years of working experience. He has been a principal at COTRUGLI Business School for more than 21 years and helped develop the school’s Blockchain MBA program and Certified Blockchain Developers Program. He is also the President of Blockchain Adria, a blockchain conference and association in Europe.
Mario Vojvoda, CIO – Over 15 years of experience in the telecom industry and in international business development. He is currently the CEO of Axenture and was recently a board member of Combis, an informatics company based in Croatia. He previously served as IT Director of T-Mobile Croatia for 2 years and was the CTO of Iskon Internet for more than 5 years.
Bojan Hadzisejdic, Business Development Manager – Over 15 years of experience in the IT industry. He is currently the Director of Nephos, an IT company based in Croatia. He was previously a Business Development Manager at Microsoft for more than 7 years and worked in other sales and product management roles at Microsoft for more than 5 years. He obtained his Master’s degree from the University of Zagreb in 2003 and his Executive MBA from COTRUGLI Business School in 2012.
There are currently at least 15 advisors supporting the project, including Manuel Alonso Coto, a visiting professor at COTRUGLI Business School; Peter Merc, co-founder of Lemur Legal; Petko Karamotchev, co-founder of; Lester Lim, ICO advisor; Nicholas Ang, co-founder of ANGFUND; Gabor Kiss, co-founder & COO of BitTraffic and others.
Partners and investors of the project include blockoxfund, BlockGround Capital, Wandarin, Pod Capital,, Carnaby Capital, GC Capital, Crypt Calibur, Diddy Carter, 08 Capital, BlackCastle Capital and ANGFUND.


The project already has a prototype model with a total speed of 130,000 TPS during direct promotion and up to 150,000 during special pilot tests. This is already close to the project's target of 200,000 tons per year. However, it was with only 11 masternodes. Performance is expected to decrease as more nodes join the network. 
With the support of the strategic partner, COTRUGLI Business School, the SE Europe Business School with more than 2,000 MBA graduates and more than 20,000 clients. However, it is unclear how the business school will study the project.


The team does not seem particularly technically strong compared to the other similar blockchain projects we have encountered.
It is reported that the head of the technology department has a two-year experience in the blockchain technology, but we can only see that he was a developer of blockchain for Blocknet for 6 months. There is no information about Moon Code, a mobile application company that owns / developed and claims to provide some of the services of the blockchain.
The business development strategy of the team is to collaborate with the largest ICT companies in the areas of Internet stuff, logistics, healthcare and government. However, they have not yet built partnerships, and it is uncertain whether they can do so.
There are many blockchain projects that seek to solve the issues of staging and rapid treatment in the blockchain. The HashNET does not seem to have any features.


For flipping: C

The project has been fundraising for a few months (presale started since May and is still ongoing) and the team gave presale access to many pools. The momentum for the project has stalled.
We believe there isn’t enough demand to reach hard cap. In this market, we believe one can purchase tokens at a lower price after they are listed.

For long-term holding: B

The TPS number is looking good, but there are more and more projects with similar claims. Blockchain protocol projects need to ensure adoption and one way is to secure partnerships (which Tolar doesn’t seem to have much). Therefore, we are neutral about the long-term viability of the project.

For more information about the project

Technical whitepaper:
One pager:

Other revisions

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