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 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.
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:
Potential impact achieved by the implementation of the solution.
Decentralisation and governance
Allows voters to vote on a future network developments
Adding value by spreading a word out to the community.
Awarding improvements of Tolar network.
Allowing voters to make decisions on further development paths.