Horizon Protocol
Crypto Overview
Purpose and Utility
Horizon Protocol is a DeFi platform built on the BNB Chain (formerly BSC) that enables users to create and trade synthetic assets called zAssets. These synthetic assets track the price of real-world assets, including stocks, commodities, and cryptocurrencies.
Business Model
The platform uses HZN tokens for governance, staking collateral, and protocol incentives. Users can stake HZN to mint zUSD (the platform's stablecoin) which can then be used to trade synthetic assets. The model involves real asset ownership and value transfer, not mere gambling.
Real-World Adoption
While adoption remains limited, the protocol has maintained active development and community engagement. The synthetic assets trading functionality is operational, though trading volumes are modest compared to larger DeFi protocols.
Platform Development
The project maintains regular development activity with continuous updates to their smart contracts and user interface. The team provides regular updates through their official channels and documentation is well-maintained.
Token Distribution
The token distribution includes allocations for the team and early investors with standard vesting periods. While exact percentages are not publicly disclosed, the vesting schedules appear designed to align long-term incentives.
Crypto Impact
To assign a comfort level investing in Horizon Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Horizon Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.