1. Project introduction

Hacash has 3 proof-of-work coins and 3 layers, aiming to be the most stable purchasing power crypto & scalable infrastructure. Its token HAC is a PoW coin.

Hacash is a proof-of-work and programmable crypto monetary system, composed of 3 distinct types of PoW coins: HACD, BTC, and HAC, each possessing unique attributes. Notably, HACD serves as the first PoW NFT and PoW generative art.

Hacash has 3 layers. Layer 1 includes the ASIC-resistant X16RS mining algorithm, the Beacon Tower Protocol with 51% attack resistance, readable contracts, optional privacy, equity account model, and BTC one-way transfer. Layer 2 functions as a channel chain settlement network, enabling large-scale instant payments of HAC and BTC. Layer 3 is an application ecosystem scaling layer based on Layer 1 and Layer 2, supporting various Rollup technologies and multi-chain protocols.

2. Token application

HAC is used for payment and settlement.

3. Token distribution

HAC distribution can be divided into 3 phases:

In the first stage, the number of blocks is adjusted about 0.95 years every 100,000 blocks, and the reward gradually increases; The block reward is 1 HAC in 2020, 2 HAC in 2021, 3 HAC in 2022, 5 HAC in 2023, and 8 HAC in 2024. In the second stage, the number of blocks is adjusted once every 1 million blocks about 9.5 years, and the reward gradually decreases.

Entering the second phase, eight HACs will last for ten years in 2025, five HACs starting in 2035, three HACs in 2045, two HACs in 2055, one HAC in 2065, and one HAC for ten years in 2075.

In the third stage, the reward is eventually constant at 1 HAC per block. In a total of 66 years before entering the third stage, the block reward is 22 million.