Skip to main content
Key documents

Token economics

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

Premined Supply: 1,000,000,000 HTR

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

Circulating Supply, Mined Tokens: 33,745,536 HTR (July 5th, 2020)

Circulating Supply, Premined Tokens: 28,240,048 HTR (July 5th, 2020)

Circulating Supply, Total: 61,985,584 HTR (July 5h, 2020)

Transaction fee: 0.00

Block time: 30 seconds

Reward halvings: Annually during the first 3 years

Tokens issued by block:

Introduction

Hathor is a fully developed and highly scalable solution that is designed for solving real-world problems that exist in the blockchain space with simplicity and ease for the end-user.

Hathor's economics have the following cornerstones:

First of all, achieving long-term sustainability is vital. It means that Hathor must survive all challenges yet to come and adapt to stay alive while the market evolves and adopts blockchain technologies. Hathor is such a complex piece of software that requires highly-skilled people working hard on it, while a great community uses it for solving real-world problems.

To achieve long-term sustainability, we decided to launch our mainnet with pre-mined tokens. A total of 50 million HTR have already been sold to raise money to pay for development costs and event participation from July 2018 to January 2020. The remaining will be used to keep the project alive and growing using a distribution strategy based on "mining or work."

The "mining or work" approach means that there are basically three ways to be rewarded with HTR tokens (besides just buying them in an exchange, of course). You can (i) mine blocks and get mining rewards, or (ii) you can contribute to the project and get rewards from bounty programs, or (iii) you can work for Hathor Labs and get HTR tokens as part of your compensation.

Circulating Supply

The pre-mined tokens do not count for the circulating supply because they are held in a vault by Hathor Labs. They will be rigorously and slowly released according to the agreements settled by Hathor Labs.

Hence, the circulating supply consists of the mined tokens and the released pre-mined tokens.

On July 5th, 2020, the circulating supply was 61,985,584 HTR, which is the sum of the mining reward tokens (33,745,536 HTR) and the released premined tokens (28,240,048 HTR).

Mining Reward Tokens

The difficulty is adjusted so that the miners find one block every 30 seconds on average. Tokens issued by block:

It means that an unlimited number of tokens will be issued. As token issuance is constant, the inflation rate decreases over time.

Premined Tokens

There are 1,000,000,000 HTR pre-mined tokens that will be distributed by Hathor Labs. The pre-mined tokens do not count for the circulating supply because they are held in a vault and are illiquid.

A total of 50 million HTR have already been sold to raise money to pay for development costs and event participation from July 2018 to January 2020. The remaining will be used to keep the project alive and growing using a distribution strategy based on "mining or work."

As of July 5th, 2020, Hathor Labs has released a total of 28,240,048 HTR, and these are part of the circulating supply. They were distributed according to the Simple Agreement for Future Tokens (SAFT) signed during our first (and only) private sales.

Besides the buyers of SAFTs, nobody has received any premined tokens yet, not even the team. Hathor Labs will soon release a token paper containing all the details of the future release of premined tokens. Only after the token paper is available, the team will be able to receive their own tokens.

Private Sales

Private Sale 1 Allocation: 50,000,000 HTR (5% of the premine)

Private Sale 1 Released: 28,240,048 HTR

Private Sale 1 Date: April to July 2019