Welcome to Hoosat Network
Hoosat Network operates as a fully decentralized platform. It is not governed by any central authority, server infrastructure, or centralized control mechanism. The network relies on blockchain technology and distributed consensus protocols to ensure autonomy and decentralization.
Hoosat Network does not store any personal data on central servers. All data is stored locally on the user's device, ensuring that user information remains private and secure. No user data is collected, processed, or stored by Hoosat Network or its infrastructure.
Hoosat Network is open-source, ensuring full transparency. The complete source code is publicly accessible on GitHub: https://github.com/Hoosat-Oy/HTND. This allows users and developers to audit, contribute, and verify the project’s integrity.
Hoosat Network is not affiliated with any government or corporate entity. It is not a government-issued token and operates independently of any centralized organization. No entity has control or decision-making power over the network.
Hoosat Network is governed by its community. All decisions regarding protocol updates and network governance are made collectively by the community through decentralized decision-making processes, ensuring fairness and inclusivity.
Hoosat Network is not a security, nor is it designed as an investment vehicle. The network does not promise or promote the appreciation of value. The primary focus is on utility, technological innovation, and the growth of a decentralized ecosystem.
Hoosat Network does not maintain a central treasury or control any network funds. All operations and financial transactions are conducted transparently on the blockchain, without any centralized financial control.
Hoosat Network does not provide custodial services. Users maintain full control of their private keys and assets. There are no third-party custodians or intermediaries involved in the Hoosat Network ecosystem.
Hoosat Network operates as a neutral technology platform and does not engage in or support any illegal activities. Users are solely responsible for ensuring compliance with local laws and regulations when using the network.
Hoosat Network is committed to fair and transparent distribution practices. A portion of tokens may be allocated for operational purposes (e.g., developer fees, exchange liquidity), and these allocations are clearly documented in the project’s open-source code. All tokens are mined through a Proof of Work consensus mechanism.
Hoosat Network is dedicated to advancing education and innovation in blockchain technology. The network aims to provide tools and resources that empower developers, users, and the wider community, fostering the growth of blockchain and cryptocurrency technologies.
Participation in Hoosat Network is completely voluntary. Users are not obligated to use any services or tools provided by the network, and all resources are offered on an optional basis.
Hoosat Network has undergone comprehensive legal review to ensure compliance with relevant global regulatory frameworks. The following outlines key areas of compliance:
Hoosat Oy (Finnish Business ID: 3337889-4) is a legal entity that supports the Hoosat Network by managing certain activities that require legal oversight, such as app store releases for the Hoosat Mobile Wallet. Hoosat Oy does not participate in decision-making within Hoosat Network and does not control or hold any cryptocurrency assets. Hoosat Network and Hoosat Oy are distinct and independent entities.
Hoosat Network is committed to maintaining a compliant, decentralized, and secure ecosystem that respects user privacy and aligns with global legal standards.