Following the theoretical realization of mobilizing our energies to create a new alternative, we faced the first major challenge: funding. It is undeniable that the growth of the crypto markets since the summer of 2023 has played a crucial role in the materialization of THA. Without this rise, THA would probably have been postponed for a year, or even two. Thanks to this positive trend, some of us were able to gather the necessary funds for the initial investment, which was largely aimed at development, security, and marketing.
We had to mobilize our networks, and it took about two months to be certain we could close the funding round. It is important to note that many “defenders” of equality and the democratization of cryptocurrencies turned out to be quite absent, despite also having benefited from the recent market increases. As often, the vast majority of a system’s actors are primarily focused on themselves. If Satoshi had had the same reasoning, we wouldn’t be here today.
Development and deployment from scratch
With this step of funding successful, we embarked on the practical phase of development and deployment. While deployment proved relatively simple for our team, already seasoned in the areas of VPS, databases, and websites, development required a dual approach: considering the consequences of each idea while moving forward with the development itself.
It was during this phase that a significant event occurred. For technical reasons, we had to integrate a UTXO management system different from BTC’s. Initially a constraint, this system accidentally became a major asset by introducing a Proof of Stake (PoS) component to our THA, which was originally a combination of Proof of Work (PoW) and Proof of Transaction (PoT). This addition unexpectedly led to a drastic reduction in the network’s and mining’s energy demand, making our solution extremely energy efficient.
UTXO’s universe
This UTXO management system allows THA to increase its value by participating in mining, a notable advance that, combined with our commitment to superior energy efficiency—15% higher than other blockchains—clearly distinguishes us. An important clarification: although THA and BTC use different methods for calculating the hashrate, our unique system has led to a significant reduction in energy consumption for THA. Unlike BTC, where energy demand scales with network power, THA moderates its consumption based on the number of eligible UTXOs for mining. This energy efficiency is revolutionary, offering an energy gain for the same hashrate on the order of one million to one. This exceptional performance is the result of the synergy between Proof of Stake (PoS) and Proof of Transaction (PoT): while PoT alone does not regulate the increase in hashrate, PoS achieves it by limiting the excessive creation of transactions, with the majority of the currency being immobilized in PoS. This makes THA a pioneering solution in terms of energy efficiency in the cryptocurrency universe.
By merging PoW, PoS, and PoT into a unifying grand theory, we have extracted the best from these three mechanisms to offer a fair and innovative solution. This unique model allows us not only to optimize energy efficiency but also to make THA inherently deflationary, thereby increasing its appeal as an investment, even for those who join the network later. This deflationary advantage, combined with minimal energy consumption, positions THA as not only an environmentally friendly cryptocurrency but also potentially lucrative for its users.
THA has the potential to become a major player
This design gives us a significant advantage, giving us the confidence that THA has the potential to become a major player, even one of the leaders in the cryptocurrency space. Each wallet acting as a PoW, PoS, and PoT node, and with such energy efficiency that mining could be done even on an entry-level smartphone, THA promises unprecedented accessibility and democratic participation in the network.
After solidifying our initial funding, one of the major goals was to establish a realistic estimate of THA’s future value. We anticipate that THA could reach approximately 240 USD by the end of the first year, taking into account comparable services offered by other cryptocurrencies, where a level of 40 to 50 USD seems to be an achievable threshold. This potential for valuation is fundamental to planning the financing and future development of our ecosystem.
Having secured our initial funding, we focused on assessing THA’s growth potential. We estimate that THA could quickly reach a threshold of 40 to 50 USD, a goal achievable through comparable services offered by other cryptocurrencies. Towards the end of the first year, we anticipate that THA’s value could rise to approximately 240 USD. Reaching these value levels would unlock significant investments, such as integration on major exchange platforms like MEXC or the development of wallets incorporating mining features. We encourage our community to set up price alerts to follow these ambitious goals, essential for guiding the financing and future development of our ecosystem.
With the funds reserved for supporting the ecosystem, we have planned an ambitious development program. These reserves not only finance current operations and urgent chain updates but also allow for consideration of future projects like integration on additional exchange platforms and the development of mobile applications with integrated mining features. A crucial aspect of our strategy is to maintain total transparency regarding the use of these funds. To this end, transactions and allocations will be traceable and public, ensuring our community has total visibility and strengthening trust in our commitment to support the THA ecosystem in a fair and responsible manner.
We also rewarded the essential contributions of certain collaborators with a promise of allocating less than 100 THA. By establishing an approximate support price of 0.5 USD, based on the performance of other cryptocurrencies, we planned a premine of 60% for ecosystem financing and 40% for investors. At this price level, if investors decided to sell, they would only recover 80% of their initial investment. This level of return on investment not only proves their confidence in the future potential of this cryptocurrency but also indicates their commitment to providing additional financial support, individually or collectively, to strengthen the ecosystem. This financing plan is designed to support the launch and maintenance of the project for two years, without including the development of a mobile wallet or integration on platforms like MEXC, which remain our future goals.
We also plan a significant airdrop at launch to promote decentralized distribution from the start, thereby fostering broad and equitable participation in the THA network. This initiative aims to ensure that the network is not only accessible to early adopters but also attractive to new users, enhancing the decentralization and security of the blockchain. The goal is to create an engaged and diverse community, where each member can contribute to the success and stability of THA while benefiting from the economic and technological advantages offered by the platform.
The innovation of minable UTXOs transforms every THA holder into an active participant in the network, adding an extra dimension to the value of THA stored in this form. This unique approach minimizes the energy footprint and ensures that every wallet can contribute to the security and validation of the network, democratizing the mining process. By making it possible to mine even on low-energy devices, such as entry-level smartphones, THA is committed to making cryptocurrency accessible to everyone while preserving our planet. Additionally, THA’s low energy demand opens up fascinating possibilities: it is likely that you could one day mine THA on your refrigerator or your connected washing machine, integrating cryptocurrency into the most everyday aspects of our lives.
Thus, despite the role of chance in our journey, our THA solution positions itself as a major advancement in the cryptocurrency space for 2024, thanks to a unified approach that combines the advantages of Proof of Work (PoW), Proof of Stake (PoS), and Proof of Transaction (PoT). Our innovative system leverages the individual strengths of each mechanism as well as their synergies: the PoW+PoT pair optimizes security and reward distribution, PoS+PoT enhances energy efficiency and governance, while the PoW+PoS+PoT combination offers an unprecedented technical advance, improving all possible aspects of the blockchain. This triple approach not only ensures enhanced security and unmatched energy efficiency but also makes THA inherently deflationary, increasing its appeal as an investment. Accessible to everyone and environmentally friendly, THA aspires to become a leader in the crypto revolution, inviting the community to explore its unique mining potential, even on the most basic devices. Together, we can build a future where cryptocurrency plays a central role in our daily lives while being mindful of our environmental impact. We invite you to join this revolutionary journey, in a network where equity and environmental respect are at the heart of our values.