Hi @everyone! Have you had a chance yet to review the ZenIP 42407 Proposal: Tokenomics for Horizen 2.0?
The full ZenIP 42407 proposal has been posted to the Horizen DAO Discourse, let’s dive in with an overview of what it is and what it means for the Horizen Ecosystem!
What Is This About?
This proposal, submitted by Horizen Labs, puts forward a plan for future $ZEN allocations and emissions optimized for a vibrant ZK community built on the Horizen 2.0 blockchain. It is important to note that the maximum supply of 21 million $ZEN will be preserved in the proposed tokenomic model.
Why this ZenIP?
Horizen is undergoing a major upgrade from a proof-of-work UTXO model to a proof-of-stake EVM-compatible blockchain optimized for ZK. The vision has evolved from facilitating private value transfers to building an ecosystem that supports dApps specifically leveraging zero-knowledge technology.
As a fair-launch project with no pre-mine and no ICO, Horizen’s current block reward allocations do not align with the modern needs for ecosystem growth. This plan aims to create a more effective tokenomics framework that accelerates ecosystem growth, equips the community with the resources to seize new opportunities, and honors the project’s legacy max supply cap.
This ZenIP covers:
Review of Current Block Reward Allocations
Proposed $ZEN Allocations for Horizen 2.0
Collator and Delegator Rewards
Changes to the Emission Schedule
Horizen Foundation Allocation
DAO Treasury
Replacing the Halving Schedule
And more!
ZenIPs are for the community to vote on and have a say in the future of Horizen! Join the conversation on Discourse to read the full ZenIP and share your thoughts!
