Horizon Genesis Launches on Mainnet!

We are proud to announce that Horizon Genesis has launched on BSC mainnet at 4:00 pm SGT Friday, 23rd July 2021!

The launch of Horizon Genesis truly marks the beginning of a long journey for all of us. Horizon Genesis is the backbone for all the synthetic assets that will be available on the upcoming Horizon Exchange, which is already in the works.

Updates:

  • Horizon Staker has been merged into Horizon Genesis and will exist under the ‘Earn’ tab
  • The HZN staking pool has ceased to give rewards and all locks will be removed
  • The PHB pool and HZN-BNB LP pool will continue as planned
  • The HZN token policy has commenced

Action Steps:

Should you wish to stake HZN as collateral and mint zUSD, first DYOR, read the Horizon Protocol documentation and take the following steps:

  • Navigate to the ‘Earn’ tab in Horizon Genesis
  • Unstake your HZN from the HZN pool
  • Navigate to the ‘Mint’ tab
  • Do your own research and understand the risks involved in staking HZN in Horizon Genesis
  • Select your preferred strategy and mint zUSD in order to stake your HZN
  • Maintain your C-Ratio and claim your rewards!

Horizon Genesis has been released with additional features for safety and user experience:

  • System manager for tracking user c-ratios and liquidations
  • Automated system to manage weekly inflation minting and distribution
  • Automated system to manage weekly reward period closings and distributions
  • Automated system for global debt snapshot management and price feed updates
  • A tracking system that will protect the c-ratios of users in extremely volatile price movements or price attacks.

Final tests were completed to ensure functionality:

  • Tested all the systems mentioned above
  • Tested the HZN inflation initiating and distribution mechanism
  • Tested the front-end mainnet integrations and functions

The launch of Horizon Genesis also marks the beginning of our marketing strategy with releases planned to begin next week. Expect to see:

  • Media partnerships: we have arranged partnerships with crypto media outlets that have 1m+ monthly visits with plans to syndicate to over 250+ others that have combined monthly visits of 13m+.
  • Content marketing campaign: we’re preparing a push of content across 50+ channels with different forms of content. Articles, videos, image quotes, infographics, slides, audios, and more.
  • Some examples of the distribution channels: Youtube, Vimeo, Pinterest, Imgur, Instagram, Slideshare, Slideserve, Linkedin, Twitter, Medium, Tumblr, Reddit, Bitcointalk etc.
  • Influencer’s campaign: global and region specific level.
  • Advertisement campaign: we’ll be taking out ads on crypto websites.

Additionally, moving forward we would like to embrace a more community-driven approach in terms of governance and discussion of important topics related to the protocol, as our goal is to eventually become a full DAO.

Congratulations to all! We hope you enjoy the experience of Horizon Genesis and look forward to your feedback and suggestions. Please make sure you are sharing and spreading the word!