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Horizon Protocol Token (HZN): A Transformational Digital Asset

HorizonProtocol.com. Understand the role of HZN on the network and the basic features of the Horizon Protocol.<br><br>Synthetic Assets Meets the Real World.<br>Buy HZN. Join Now HorizonProtocol.com.

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Horizon Protocol Token (HZN): A Transformational Digital Asset

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  1. Horizon Protocol Token (HZN): A Transformational Digital Asset HorizonProtocol.com

  2. HZN is the native token of Horizon Protocol. To understand the role of HZN on the network, it is worth understanding the basic features of the Horizon Protocol. HorizonProtocol.com

  3. What is the Horizon Protocol? • Horizon Protocol is a decentralized finance ecosystem that allows users to trade synthetic assets. These assets are tethered to real-world economic assets using Oracles such as Chainlink, Band, and Phoenix Oracle, and the risk/return ratio is the same. • The platform is implemented on the Binance Smart Chain to facilitate smart contracts’ speedy and dependable processing. Essential features and benefits of the platform include synthetic asset creation, trading derivatives, yield farming, staking, lending, borrowing, and community-based governance (DAO). • HorizonProtocol.com

  4. • The Horizon Protocol Token (HZN) functions as the ecosystem’s collateral and foundation to enable its features and benefits. To trade synthetic assets, users must first stake HZN as collateral to receive synthetic USD (zUSD) that can then be exchanged for the range of synthetic assets representing the natural world and crypto economies, available on Horizon Protocol through the Oracles. Other functions of HZN include facilitating DAO governance, rewarding, minting, and lending/borrowing. • • HorizonProtocol.com

  5. What are the applications of the Horizon Token? Staking Horizon Protocol facilitates the minting of synthetic assets called zAssets. The zAssets are issued from a community-based liquidity pool in which the community stakes their HZN tokens. Transaction fees on Horizon Exchange and Horizon Protocol’s inflation policy generate the value of community rewards. Rewarding HZN will serve as the rewarding token for community participants on Horizon Protocol. The transaction fee on the Horizon Exchange (up to 3%) is sent to the reward pool and redistributed to the community’s HZN stakers proportional to their stake size. Users can find out more details here.. HorizonProtocol.com

  6. HZN as Collateral HZN is designed to back and collateralized synthetic assets within its system. The current collateralization ratio is set at 800% in the early stages of product development to adequately protect the system against large price shocks. This ratio is subject to change based on community voting and further testing. Facilitating DAO governance Horizon Protocol is a 100% community-driven protocol. For this to hold, community participants have to manage vital functions of Horizon Protocol. Achieving these functions demands the adoption of the decentralized autonomous organization (DAO) governance model. Participation in this governance depends on the size of one’s HZN stake in Horizon Protocol. HorizonProtocol.com

  7. Conclusion: Is HZN a transformational digital asset? The fact that you can farm, lend/borrow, trade derivatives, govern, stake, and mint assets under one roof makes Horizon Protocol transformational and essential to the average digital finance consumer. HorizonProtocol.com

  8. A DEFI PLATFORM FACILITATING THE CREATION OF ON-CHAIN SYNTHETIC ASSETS REPRESENTING THE REAL ECONOMY HorizonProtocol.com github.com/Horizon-Protocol twitter.com/HorizonProtocol t.me/HorizonProtocol HorizonProtocol.medium.com reddit.com/r/HorizonProtocol

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