HATHOR — The Next Multi-Billion Project

8 min readJan 6, 2021

The Lowcap Ethereum

Thank you.

After all the humbling support from the first article, I now give you a deep dive into Hathor. Firstly, in order to properly introduce Hathor, I would like to borrow my good friend Capo’s words;

(https://twitter.com/llcdc1/status/1295096903848402945?s=21)

Capo tweeted this in August, doing his due diligence even before Hathor’s official release. Since that time, Hathor has not only been released, but it has done more than a 4x, with a steady rise on the daily chart.

Note: This article is citing the Hathor whitepaper, executive summary, and token economics key documents. If you want an even deeper dive than this article provides, you can find these on Hathor’s website under resources. What I seek to do in these paragraphs, is to summarize and inform what Hathor is, its potential, and general metrics. Additionally, I will mix it up with my own views blended in.

Hathor Network:

So what is the Hathor Network? In essence, it’s a scalable and easy-to-use blockchain for digital assets. Similar to Ethereum, it is a digital platform, for financial taxes and contracts with a unique combination of high scalability and high decentralization. It creates the perfect environment for multiple use cases where scale, efficiency, long-term security, and censorship-resistance through network distribution combined are needed or can drastically cut current costs and bureaucracy.

Hathor is feeless and provides quick transactions. Wait? Did I hear that right? No more 40$ or 50$ gas fees for a 1$ ETH worth transaction? Fucking sold. Not only that, but through proof of work mining rewards economically incentivizes the network forever, with a perpetual and low emission of native HTR tokens.

Hathor’s uniqueness and competitive advantage:

In Hathor’s executive summary, you’ll find some main key-points that highlight how Hathor differentiates itself from the competition. Some of the most important key-points in my opinion:

• Source-code created from scratch in Python by a team of highly-skilled developers, some of whom have been researching cryptocurrencies since 2011.

• Mint tokens yourself easy and cheap, exchanges listing the HTR token will also be able to list minted tokens on the Hathor Network easily.

• No fees and fast transactions.

• Novel distributed ledger architecture using both DAG and blockchain data structures intertwined.

• Highly scalable with no central coordinator or any single point of failure.

• Proof of Work mining rewards economically incentivizes the network forever, with a perpetual and low emission of native HTR tokens.

• Merged Mining with Bitcoin and Litecoin.

• Custom Tokens: create your own digital token with customized specifications on Hathor Network with only a few clicks.

• Nano-contracts: a more secure and straight-to-the-point vision for embedded smart contracting capabilities.

• Created under heavy scientific and academic scrutiny, originally a research paper written by our CEO Marcelo Brogliato and published as part of his Ph.D. thesis. (Hathor Executive Summary. (n.d.). Retrieved January 01, 2021, from https://hathor.network/resources/token-economics/)

Most competitors of digital platforms such as Ethereum and Polkadot try to do a FORK of the source code, with the purpose of improving upon previous versions. However, Hathor’s code is created from scratch by a high-level team that has academic knowledge and Phds to back it up.

By the way, Hathor’s competition is sitting at incredibly high market caps in comparison.

Hathor’s competition, and potential growth:

To start off this paragraph, it is best served with a quote from another great CT, Bullrun Gravano

(https://twitter.com/bullrun_gravano/status/1345624089365512195?s=21)

By browsing twitter through its tag $HTR, you will find that a lot of great Crypto Twitters are incredibly bullish on Hathor’s future. And personally, I can’t help but agree with most of them. With the incredible uniqueness, features, software, and of course team that Hathor has, it is one of the biggest no-brainers I have ever seen. Either if you want something short-, mid-, or long-term in terms of potential growth and ROI, Hathor will most likely not disappoint. While comparing market cap doesn’t always work out, it can give an estimate that is worth considering. Hathor’s closest competition, Ethereum, has a mind-blowing $119 BILLION market cap, while its second competitor, Polkadot, sits at a staggering $9.1 Billion market cap. Even if you aren’t an A-student in math, I bet you can see the incredible growth potential Hathor has, in terms of market cap.

Hathor’s wallet — Making your own token is EFFORTLESS:

Now, like Ethereum you have the obvious possibilities of retrieving and sending funds and searching in the public explorer, such as etherscan. However, Hathor has additionally brought a unique feature in its own wallet. You can literally create your own digital token with customized specifications on Hathor Network with only a few clicks. And to quote the website: “The tokens will fully work under the same technical assumptions of high scalability and decentralized consensus of our native HTR tokens. Custom tokens will always work independently of the price of the native HTR token, and they can serve multiple purposes”. Basically, even my grandma could create a token with just a few simple clicks… NO need for technical skills or knowing how to code. In other words, when Uniswap arrives for Hathor, watch out apes ;)

In comparison to the breeze of easiness that is creating a token on Hathor’s network, creating a token on Ethereum requires coding skills. You have to either pay someone to make it for you or understand/learn coding/solidity yourself.

Simply put the name, symbol, and amount of tokens to create it. All you need is to pay a deposit of 1% in HTR — subsequently, if the tokens are melted you will receive that deposit back.

Tokenomics:

First of all, I recommend that you check out the token-economics document provided from Hathor’s own website, as you can view them 100% detailed and described from the creators themselves: https://hathor.network/resources/token-economics/

Don’t worry though, for the rest of you lazy degens I will provide the main details here ;)

Quick Summary:

Type: Utility Token

Symbol: HTR

Decimal: 2 digits (0.01 HTR)

Technology used: Native and unique DAG+Block.

Consensus: Proof-of-Work (PoW), sha256d + merged mining with Bitcoin

Max Supply: Unlimited, small, and decreasing inflation (see below)

Circulating Supply, Total: 84,281,573 HTR (October 11th, 2020 — for up-to-date number, click here)

Transaction fee: 0.00

Block time: 30 seconds

Reward halvings: Annually during the first 3 years

Tokens issued by block:

Year 1: 64 HTR
Year 2: 32 HTR (from block height 1,051,200)
Year 3: 16 HTR (from block height 2,102,400)
Year 4 onwards: 8 HTR (from block height 3,153,600)

Now, the current Circulating supply is approximately 177 409 290, but this will increase at a relatively slow rate and an ever-decreasing inflation rate year to year. In fact, by the year 2025 and 2026, the inflation rate will almost be below 1%.

You can update yourself on the supply and market cap at coingecko(https://www.coingecko.com/en/coins/hathor) or coinpaprika(https://coinpaprika.com/coin/htr-hathor-network/).

Team:

The team is transparent and incredibly talented:

Marcelo Salhab Brogliato — Founder, CEO & Lead Developer.

Marcelo is an entrepreneur with a B.Sc. in Computer Engineering from Military Institute of Engineering and a Ph.D. in Business Administration from Getulio Vargas Foundation, studied crypto-assets and artificial intelligence computational models. https://www.linkedin.com/in/msbrogli/

Layla Mendes — Co-Founder & CFO

Besides being the CFO of Hathor Network Layla is a professor at the FGV EPGE which is the #1 School of Economics in Latin America (https://epge.fgv.br/). https://www.linkedin.com/in/layla-mendes-45315631/

Co-founder & Senior Engineers:

Yan Martins — https://www.linkedin.com/in/yan-martins-97804421/

Pedro Ferreira — https://www.linkedin.com/in/phsferreira/

Jan Segre — https://www.linkedin.com/in/jansegre/

To check out more of the team, including advisors check out: https://hathor.network/about-us/

Funding:

Hathor Labs raised funds selling equity and pre-mined tokens. As the main network had not been launched at the time, tokens were sold through Simple Agreements for Future Tokens (SAFTs).

They made a seed investment round with Friends & Family and some selected private investors. This made it possible for the Hathor team to raise enough money to keep the company small and running. The funds have been primarily used to support both the development of their technology and the launch of the mainnet.