1. Project introduction

Hacash is a proof-of-work and programmable crypto monetary system. It is the first cryptocurrency that both decentralizes and adjusts the money supply to keep purchasing power stable.The entire monetary system is composed of three 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 three 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. Team introduction

FOUNDER: In line with Bitcoin's Satoshi Nakamoto's privacy principles, this project is 100% open source and anonymous.

3. Token application and distribution

Token application:

Payment and settlement

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.