Horizen 2.0 - 2.1B supply ?

General
1

I’m excited about the upcoming technology migration to ZEN 2.0, and the potential this unlocks for new opportunities within our ecosystem. I’d love to get community feedback on the concept of a token split.

Why Consider a Token Split?

Much like how major companies such as Alphabet (GOOG), Amazon (AMZN), Tesla (TSLA), and Shopify (SHOP) have executed stock splits to make their shares more accessible to a broader range of investors, the same principle could apply to ZEN. With a fixed token supply of 21 million (identical to Bitcoin), the price per token can sometimes feel high. A token split could make the price feel more approachable, while keeping the overall market cap unchanged, thus expanding participation within our community and possibly increasing liquidity.

Key Psychological Factors Driving Stock Splits:

Price Anchoring and Investor Perception: In traditional markets, investors often judge the value of a stock based on its price. A stock split makes shares appear more affordable, leading to increased participation. The same psychology could apply here—by lowering the token price through a split, we might attract new people who perceive the token as more accessible.

Mental Accounting: Just as in stock markets, users in crypto often think in terms of the number of tokens they can buy. A lower per-token price could make ZEN tokens more appealing, similar to how companies like Tesla saw increased retail activity after their splits.

Liquidity and Trading Volume: Stock splits generally lead to increased liquidity as more people trade lower-priced shares. A token split could do the same, fostering greater activity within the Horizen ecosystem, which could strengthen overall market confidence in our token.

As we migrate to a new tech stack, it seems like the perfect time to consider this.

Would love to hear everyone´s opinion on this.

4 Likes
2

I’m in favor. I’m not sure about the total supply, but I’m happy with either 210M (x10), 2.1B (x100) , or 21B (x1000). The migration to Horizen 2.0 is the perfect opportunity for a token split. In my opinion, we should seize this opportunity.

3 Likes
3

I wouldn’t be in favor.

The community is very attached to the 21M max supply and I don’t think that the token price is an obstacle to adoption.

When ZEN will reach $160 again, maybe.

3 Likes
4

Not in favor at all.
I thought we all agree that the maximum supply would remain the same

4 Likes
6

Absolutely not. We’ve had enough discussions about tokenomics.
change tokenomics at this point will only complicate and extend the duration of the 2.0 project.

3 Likes
7

I like the idea of a stock split. I can’t speak for the whole community but the only reason I didn’t want to increase the 21 million supply was the fear of being diluted. With a stock split there is no dilution. So I am in favor of it because the average investor prefers cheaper coins. This could really help increase the price.

2 Likes
8

Not in favor.

What are you trying to solve with changing the supply? We do not have an affordability problem nor do we have a liquidity problem… Companies perform stock splits to increase the liquidity and affordability of their shares, making them more attractive to a broader range of investors. The principles of performing a stock split don’t translate directly to cryptocurrencies. Cryptocurrencies Are Divisible and Unlike stocks, which trade as whole units, cryptocurrencies are already highly divisible. For example, Bitcoin can be divided down to 1/100,000,000 (one satoshi), allowing people to purchase fractions of a coin. This makes the need for “splitting” irrelevant since users can already buy any amount they want, regardless of the coin’s price.

2 Likes
9

Crypto does not function like the stock market and a for a stock that has a market cap of many billions is not comparable to something that is sub 1 billion mc.
I am not in favor of this and this has already been discussed that the supply stays fixed at 21m.
Try to find something useful for why i should consider holding my zen instead of chasing trading volume. Create demand not chase it.