Many areas in crypto are saturated with coins attempting to solve the same problems. There are numerous privacy, supply-chain, social platform, energy, decentralized internet, and identity coins/tokens.

This is the first article in a continuing series focusing on crypto assets that are entirely unique.

Key Points:

What is it?

“Horizon State is a blockchain-based platform and ecosystem that enables efficient vote casting and decision making processes. The platform operates through the use of Decision Tokens (HST). These are used for running the decision and voting processes by providing the ‘gas’ for voting and other services within the ecosystem. Horizon State is currently engaging with governments, large corporations, blue-chip customers, local councils, unions, education facilities and non-profit organisations who will utilise Decision Tokens for polling and voting processes. New products and services across the ecosystem will require the use of HST, driving the token value and demand.” ¹

How does it work?

Its 2020. The Democratic National Convention decides to hold a primary that can’t be rigged (lol fingers crossed). They purchase HST coins to distribute to the voters, who then use the coins to cast their vote. The voting process is cost effective and most importantly transparent.

Strengths:

Voting continues to be an expensive, time consuming process. In the United States electronic voting machines can be easily compromised, almost to a point of absurdity. Horizon State is trying to solve a very real problem, one which could possibly be eliminated by utilizing blockchain tech.

Shortcomings:

The HST team assumes governments and organizations want fair transparent voting. In response:

“Most revenue will be generated B2B, not to governments, ie the deal to provide services for the 96 million members of the NU”

To vote using HST you must purchase HST tokens at market price. It would be extremely difficult to place a large order with the low liquidity surrounding the token. In response:

“Horizon State quotes the customer in fiat, and Horizon State will purchase the tokens on their behalf. Reason being is it takes away the volatile nature and potential apprehensiveness for business and government to purchase crypto assets.” Extensive article covering the token mechanics can be found here.

Future Developments:

Public roadmap can be found here.

Technical roadmap can be found here.

“In an ongoing effort to be transparent with our community, here is where we stand currently with being listed on a new exchange. Around January 24th, Jamie announced that we would be listing on a large exchange. We have done everything asked of us and more to make that listing happen quickly. However at about the same time, exchanges started to change the way they view new clients and customers as well as the status of tokens. The large exchanges have been shaken by the SEC and regulatory action the world over. They became concerned with determining if a token was utility or security. Since we started the listing process we have been asked to acquire a legal opinion of the HST token to determine whether it is security or utility. Although we believe it is an obvious utility token, the exchanges are covering all bases. This is another example of changes that occur during the vetting process. The exchanges get upwards of 40 listing requests a day. Even talking to them in a conference call is a huge win. We believed the timeline Jamie announced back in January and we believe that the people who gave us this indication believed so too. Sadly, this is not the timeline we were destined to have. Oren and Nimo had a very long discussion with the exchange while they were in Singapore. Even though they were hoping for a swift listing, it obviously didn’t happen. Therefore we can make no more promises or announcements with regards to any date or exchange listing until it has occurred. We have since started efforts to list on other exchanges which may or may not come through. We will continue our efforts both with the original exchange and new ones. We are sorry that we do not have more control over this process but will hopefully have this resolved in a reasonable amount of time.”

Competitors, if any:

To me this is extremely surprising. Blockchain tech is a perfect solution for the problems facing voting, yet there are no other coins/teams working on this.

Horizon State stands apart from the rest, and not simply because it is entirely unique. There are many ambiguous and vague projects in the cryptosphere, most with promises of grandeur and adoption. Horizon State is focused on solving a clear problem, and is already being used in a variety of situations.

This is not investment advice, I am not a financial advisor. Always do your own research.

Disclaimer: I was not paid in anyway to write this article.