Tolar Governance system


Tolar has a governance system called Magnus Consilium in which stakeholders and investors will have the power of voting on proposals in order to participate in improvements of HashNET network.
Magnus Consilium will be a part of community in two ways:

Tenders

Tenders are budgeting plans which will be submitted to the Magnus Consilium where every proposal will need to have a majority
of votes in order to pass.

 
 

Proof of Stake (PoS)

If a user decides to lock-in his coins, he/she will receive interest based on the number of coins staked, and the duration of time the coins were stored.

 

Tender eligibility

Tenders and budget plans are available to all Tolar holders. Magnus Consilium will select projects for voting, based on a solution that best meets the following criteria:

 
 
Social impact

Potential impact achieved by the implementation of the solution.

Decentralisation and governance

Allows voters to vote on a future network developments

Outreach

Adding value by spreading a word out to the community.

Contribution

Awarding improvements of Tolar network.

Extensiveness

Allowing voters to make decisions on further development paths.

Join us on our journey beyond Blockchain.


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