Thread by @youngprepro

Hathor / $HTR is everything you want $ETH to be -- but much more! (a thread)

Transactions are near instant, there are zero fees, and you can create tokens with just a few clicks.

In this thread, I make a bullish case for $HTR and explain why I think it can do 100x or more.

1/ Let’s start by taking a look at what Hathor is:

Hathor is a decentralized and highly scalable blockchain that enables near instant, feeless, and secure transactions.

Now, that’s putting it simply.

2/ If we compare $HTR to $ETH (currently the most used blockchain) $HTR has a few advantages:

- Transactions on $HTR are free compared to $10 - $100 per transaction on $ETH.
- Transactions on $HTR settle in seconds compared to minutes/hours on $ETH depending on congestion.

3/ How is $HTR able to ensure scalability and near instant transactions?

$HTR does this by using a combination of Proof-of-Work (PoW), notably used by $BTC and $ETH, and Direct Acyclic Graph (DAG), notably used by $IOTA, to ensure transactions are always processed quickly.

4/ Top blockchains like $BTC and $ETH use PoW to verify transactions and prevent fraud/security issues. That works fine when there are fewer transactions, but transactions become slow and expensive when there are lots of them.

5/ So what happens when $HTR is flooded with transactions?

With DAG, each new transaction confirms the previous transaction. More transactions simply means previous transactions are confirmed faster.

6/ If there aren’t many transactions, however, DAG becomes less useful.

In this case, $HTR still functions properly and securely thanks to PoW.

By using this unique approach, $HTR solves the scalability problem other top blockchains have while ensuring stability and security.

7/ Thanks to a combo of DAG & Proof of Work, $HTR can handle 200 transactions per second (tps), which is several times faster than $ETH and $BTC combined, and can be scaled to 1,800 tps if the need arises.

Of course, that’s as much as I can say without getting too technical.

8/ So what makes $HTR stand out as a blockchain? Here are just a few:

=> Nano Contracts

Think of it as smart contracts without the complexity & bugs -- maximizes resources, ensures faster transactions, and better user experience.

It also makes it easy to deploy dapps on $HTR.

9/ => Atomic Swaps

Atomic Swaps lets you trade different tokens on the same transaction.

You can benefit from liquidity another token has even if your token isn’t liquid e.g. you can swap a proportionate value of liquid token for the illiquid one if sum of inputs = outputs.

10/ => Custom Tokens

To create tokens on top blockchains like $ETH you need to know Solidity. With $HTR, a complete noob can create tokens with a few clicks.

11/ For example, you can create a token that represents your company’s stock, incentives certain user activity, or that can be redeemable for services/money as if you were creating an email account.

Yes, it’s that simple!

12/ => Side-DAGs

While we’re generally focused on public blockchain use, the need for flexibility will arise as enterprises adopt and use them.

$HTR's Side-DAGs essentially allows the possibility of setting up your own customizable, public or private blockchain.

13/ With the private blockchain, for example, you can get privacy without sacrificing security since your blockchain is still secured by the main network.

14/ What is $HTR adoption like?

I believe one of the key things to look out for in any blockchain is adoption.

No matter how great a blockchain is, it doesn’t matter if there is no adoption.

$ETH leads the pack among blockchains because so much is being built on it.

15/ When it comes to $HTR adoption, I’d like to focus on two core aspects:

- $HTR’s own efforts to foster adoption.
- The efforts by @HTRFDT.

$HTR has one of the biggest communities of staunch crypto advocates.

Just look up the $HTR cashtag anytime and you’ll see what I mean!

16/ Hathor Network is capitalizing on this through it’s community program aimed at getting members of its community to help make it easy to build on the platform and also increase adoption.

17/ $HTR also recently launched a Developer Grant Program to foster adoption.

Although now closed to the public, this program provides funding in USDT and HTR, or both, to developers who are willing to build innovative dapps on the $HTR blockchain.

18/ At this stage, it is impossible to talk about $HTR adoption without talking about HTR/FDT.

HTR/FDT is a team of independent developers building on the $HTR network and they’ve done such a great job building and helping drive adoption that they deserve a special mention.

19/ So far so good, HTR/FDT has taken a number of steps to ensure $HTR is used by A LOT more people.

These include:

- #HathorPay.
- HathorSwap.
- The Hathor Debit Card.
- The $HTR WooCommerce checkout plugin.

20/ #HathorPay is the first $HTR chrome wallet extension -- a kind of “Metamask for $HTR.”

I almost didn't get on the $HTR train due to lack of a Chrome extension -- and I believe I'm not alone.

It's glad to see this finally being developed.

22/ HathorSwap is the most bullish HTR/FDT project IMO.

Think about it as the Uniswap of the $HTR blockchain.

This first DEX on the $HTR blockchain will support wrapped tokens (e.g. hUSDT, hBTC, hETH, etc) and making it possible to "trade" tokens native to other blockchains.

23/ The Hathor Debit Card is another landmark program being handled by @HTRFDT.

With this debit card, $HTR holders will be able to use their debit cards to transact with practically millions of merchants -- significantly driving adoption.

24/ HTR/FDT is also building the first $HTR checkout plugin for WooCommerce.

When you consider how big WooCommerce is (it’s the #1 ecommerce plugin used by millions), this is a big deal for $HTR adoption.

With this, you can purchase almost anything online with $HTR.

25/ $HTR Tokenomics

Tokenomics

1 billion tokens were pre-mined -- 20% burned. 18% locked until January 2025 (and could be burned at team’s discretion).

Other tokens were have long vesting periods (team tokens won’t be fully unlocked until December 2024, for example).

26/ Besides pre-mined tokens, $HTR tokens are mined with inflation rates of over 120% in 2021, which goes down to 36% in 2022, and eventually 1.11% in 2025 due to halving -- and inflation further reduces with time.

27/ That said, a sweet spot to this is that adoption is going to remove a significant number of $HTR tokens from circulation:

28/ Whenever people build on the $HTR network, they need to lock up 1 $HTR token for every 100 of their own tokens minted.

This quickly adds up: if someone creates a token on the $HTR blockchain and mints 1 million tokens, for example, they must lock 10,000 $HTR tokens.

29/ If $HTR gets even a fraction of the level of adoption $ETH, #BSC, or other blockchains have right now, it won’t be surprising to see more than half of all $HTR tokens locked out of circulation.

This results in $HTR being scarce and helps with token price appreciation.

30/ At the time of writing, though, only about 190 million $HTR tokens are in circulation.

31/ Partnerships

$HTR has managed to form solid partnerships that include partnerships with F2Pool, the number 1 bitcoin mining entity in the world, and blockchain node hosting solution $ANKR.

32/ How big can $HTR be?

At the time of writing this thread, $HTR has a market cap of $75 million with tokens being around $.41.

I believe $HTR can easily do a 100x down the line -- and if it gets real adoption, 1,000x isn’t out of the box.

33/ Let’s take a look at the biggest blockchains at the time of writing to get a feel for how big $HTR can be:

- $ETH has a market cap of $280 billion.
- #BSC’s BNB has a market cap of $50 billion.
- $ADA has a market cap of $48 billion.
- $DOT has a market cap of $19 billion.

34/ This is despite the fact that these blockchains have seen their value drop by almost half from ATH.

Right now, $HTR is at a measly $75 million market cap -- even with inflation factored in, the room to grow is just so massive.

35/ Useful Links

- Website: hathor.network
- Twitter: twitter.com/HathorNetwork
- TG: t.me/HathorOfficial
- Coingecko: coingecko.com/en/coins/hathor

PS. Nothing in this thread should be construed as financial advice. I hold $HTR and doubled down during the recent market crash.