What Is Hathor

Hathor Network was created to provide a simplified blockchain framework suitable for developers and end-users while being fast, cheap, and scalable.
Hathor provides the infrastructure for new and existing crypto projects to build on. However, this is like no ordinary infrastructure project. Hathor’s unique architecture design allows for instant transactions fees at zero cost. The more the chain grows (more projects added), the faster the transactions!

Hathor Network is a hybrid blockchain. Hathor reaches consensus by utilizing two consensus methods; Directed Acyclic Graph (DAG) (e.g. IOTA) with Proof-of-Work (PoW) (e.g. BTC). In other words, it is a SUPER CHAIN!

Under the Hood

Hathor’s source code is developed from scratch, using DAG and blockchain technologies intertwined in their ledger. When there is a low amount of users on the network, Hathor uses a system called merged mining, in which they utilize Bitcoin miners (PoW) to verify HTR transactions. The Bitcoin miners are rewarded in native HTR coins. When a certain amount of users on the Hathor network are reached, DAG technology will kick in, and the BTC miners will no longer be needed. In addition, new transactions will verify previous transactions, so essentially a high quantity of network transactions will make the network faster as they all will be verifying each other!

What Is Hathor Solving

➤ Scalability Issues – because of Hathors DAG technology, increased users equal faster transactions. In addition, with Hathor, there is no central coordinator or any single point of failure.
➤ High Transaction Costs – Hathor provides free and instant transaction fees
➤ Non-IT Proficient – Through Hathors Tokenization and Nano Contracts features, users with no IT skills can configure Smart Contracts and create their own tokenized assets with little effort.

HTR/FDT

It is important to note that there is an independent team of infrastructure developers named HTR/FDT that continues to build and add value to Hathor’s ecosystem. They are responsible for a lot of the fantastic features listed below.

Features

Tokenized Assets – Create your own tokenized assets on Hathor chain in less than 60 seconds. Imagine someone who knows nothing about coding to be able to create their own cryptocurrency. This cryptocurrency could be used for various applications in small to large businesses, loyalty reward programs, or just for fun! This is a real game-changer. The 1% minting fee (in HTR) for asset tokenization is removed from circulation, increasing demand!

Run full nodes with a few clicks and start building DAPPS! Hathors partnership with $ANKR makes it super easy for anyone to deploy their own node with just a few clicks and then start mining and building DAPPS!

Hathor Green – Incentive program rewards miners with HTR coins every time they prove the use of renewable energy on their Bitcoin and HTR merged mining operations. This is a step forward Hathor is taking towards an eco-friendly cryptocurrency industry

Zero Transaction Fees – Hathors merged mining & DAG technology allow users to enjoy instant zero transaction fees.

Unity Game Engine – Developers can now integrate Unity Game Engine plugin with Hathor
➤ The plugin enables game developers to integrate their creations with Hathor Network for in-game micro-transactions
➤ MASSIVE news for HTR and gamers combined, and it is only the beginning

NFT Platform – Hathor already has their first NFT platform built on the Hathor Network called @9Blocks!
Imagine creating your own custom NFT token on Hathors NANO Contract tech and using it inside gaming as gold coin, clothing, weapons, etc

Native Wallet – Hathor have their own native wallet, and it is available to down for Mac, IOS, Google Play, Windows and Linux.

HathorPay Chrome Ext
➤ Send/receive HTR & custom tokens instantly with zero fees on HathorPay
➤ Use your wallet as a cryptographic login process on future Dapps built with HathorPay
➤ It aims to have a built-in fiat on-ramp by the end of the year via a third-party provider

Woocommerce checkout plugin / Virtual Debit Card System
➤ Vendors can set up HTR payments through the HTR Woocommerce Plugin, which will allow customers to make payments with their HTR virtual debit card
➤ It is estimated that there are 4.4m Woo sites out there – if Hathor even reached 1% of them, that’s roughly 44k VENDORS
➤ Huge demand will be created

Airdrop Management Tool – HTR/FDT is in the process of developing an Airdrop Management Tool where you can send your custom generated tokens to selected participants
➤ Send mass airdrops to anyone or everyone in your HTR wallet
➤ Create specific airdrop lists

Whale Room – HTR/FDT has developed a social interaction platform for cryptocurrency whales where you can join with a minimum of “X” amount of HTR (depending on the project). It aims to provide trusted information from a reliable source to reducing market dumps due to flawed information

HathorSwap – Hathor is building their own Decentralized Exchanged (DEX) called #HathorSwap
Try to imagine a DEX with the following:
➤ Instant zero transaction fees
➤ Running on the world’s fastest, reliable and robust database, “Amazon Quantum Ledger Database (QLDB)
➤ No scalability issues

Hathor Community Faucet – developed by a community member, Faucet is software in which you can enter your HTR address and receive a small amount of HTR! This allows users to witness the true speed of the Hathor Network and get some free HTR in doing so.

Hathor Club is a fantastic feature that allows users to convert their ETH in HTR on the Hathor Network. This is done by swapping ETH for hETH (Hathor ETH) and then into HTR. Then, using the “melt’ feature, this can be exchanged back into ETH at any time.

Token Utility

HTR, the native token for Hathor Network will be used in conjunction with the following
➤ Block rewards
➤ Staking rewards
➤ Minting fees
➤ Virtual debit card
➤ WooCommerce
➤ HathorPay
➤ Hathor Swap

Community Incentives

 Earn HTR from the below
➤ Liquidity (HathorSwap)
➤ Mining rewards
➤ Zero transaction fees
➤ Bounty rewards
➤ Contributor rewards

Tokenomics

Hathor has no total supply as it is an inflationary project.
The inflation rate will be below 1.1% from Jan 2025. This also means infinite free transactions.
As part of Hathors token economics, 18% of the token supply is locked up in a vault for five years.
Subject to HathorLabs evaluation, these vaulted tokens could be partially or entirely burned
Please see charts detailing the token allocation of pre-minted tokens and circulation supply

Hathor Network Roadmap

Currently on Hathors roadmap:
➤ Nano Contracts
➤ Oracle Integration
➤ Side-DAG
➤ NFT Support
➤ Cross-Chain Interoperability

NANO Contracts and Oracle – Nano contracts will enable all non-technical individuals to create & configure their own contracts and provide the functionality to their custom tokenized assets on Hathor Network. This is a major step towards mass adoption.
➤ Imagine a simplified, secure, lightweight smart contract that is easily configurable and deployable
➤ No coding or technical knowledge required, with less power consumption and fees
➤ Furthermore, Nano Contracts will also be incorporating Oracles which will blow up the Hathor use case 100x

Side-DAG – Currently under development is the Hathor Side-DAG which is essentially a side chain that will independently verify HTR transactions
➤ Configurable to permissioned or permissionless with its own rules and operations
➤ It can be developed and deployed in any language

 Built-in Atomic Swaps
➤ This will allow separate tokens to be reliably exchanged simultaneously on the same transactions
➤ Atomic Swaps will improve efficiency in the network, security and increases the possibilities when dealing with token

Cross-Chain Interoperability
➤ This will be a significant milestone for Hathor as it will allow the transfer of information and the exchange of value between chains
➤ Another step forward for the mass adaption of HathorNetwork

Support Services – Hathor Network is now offering Support Services
➤ Tokenization Services – a consulting group for CEOs
➤ A support service for CTOs
➤ A set of turnkey service containers for DevOps & Architects
➤ Library for Engineers & Developers, white-label wallet with good documentation

Hathor Grant Program – Hathor Network is now offering news projects grants in USDT & HRT. New start-ups jump aboard while you can as you also will get professional consultancy services from Hathor Labs

Partnerships

Current partnerships
➤ Hopr
➤ Ankr
➤ Liqi
➤ F2POOL
➤ 9block
➤ HTRFDT
➤ Workaxl

 Team

Total Team Members – 27
Developers – 4
Advisors – 5 (experience – Google, Microsoft, QR Capital, Alpine Capital, Arbitrator)
Marketing – 3
Management Experience: (Okex Exch, Rispar Defi, Alpine Capital, Lab21k, Mambo Wifi)
CEO / Co-Founder – Yan Martins – https://www.linkedin.com/in/yan-martins-97804421/
Please see the primary management team and advisors in the images below

 Conclusion

Hathor Network’s primary goal is to build an ecosystem where users with zero technical abilities can tokenize assets, create, configure and deploy Nano Contracts with ease of use. They solve many issues with current blockchains such as scalability, high gas fees, and slow transaction speeds. All this is done while still maintaining true decentralization. With the help of HTR/FDT, Hathor Network continues to add constant value to the project and ecosystem and is one of the most innovative projects in recent times.
Please see summarized results of fundamental analysis below