I’m afraid that’s preceisely what they have in mind.
As a long term community member and investor, a potential change in tokenomics is worrisome, but perhaps needed. Like many I was/am drawn to the BTC-like tokenomics, but it would be good to see why this may or may not be a good idea for the future.
I certainly recognise changing to POS requires careful thought, what I’d like to see is the analysis of all the tokenomic possibilities first. I think then a consensus on the best approach could be reached, and then a plan.
What happens if we keep the current max supply, block reward and emission schedule:
Faster block times, reward will need to be adjusted per block
60% that goes to miners currently, can we use some of that for ecosystem growth/BD
Why wouldn’t the current decimals be sufficient
When ZEN runs out, what happens - what’s the current projected date for max supply in circulation.
I think showing everyone the possibilities with pros and cons would be useful, an impact assessment.
Usually when someone or a company makes a proposal and gets lots of feedback immediately, there is a response given. This has been a discussion for four days and the person or company that has this proposal for Horizen has not responded once. This is the type of team or company that is going to supposedly be able to propel a project? How can we expect that when very basic things like responding and communicating are nothing short of severely lacking?
Complety agree with this. If long therm investors get their money diluted, it would be pretty like what the central banks are doing by robberying people throught inflation. Hope it not going to happen here.
Since as an investor, why do you propose to modify the economic model? Shouldn’t you communicate with Binance to remove the observation area and relist the OK exchange? Isn’t it more efficient? Repeated proposals to modify technological routes and economic models will only confuse potential investors and holders.
It seems there’s strong opinions about maintaining $ZEN tokenomics, which is understandable but not at all relevant for a new modular blockchain. Now I’m thinking the best approach is to keep $ZEN the way it is and to have a new token for the verification layer and to just do an airdrop to $ZEN holders.
This way the modular blockchain gets the tokenomics it needs to dominate its market segment (proof verification), and $ZEN keeps its OG and fair launch tokenomics.
What kind of airdrop of $EON token are we talking about. Fair to the $ZEN holders or tilted towards HL, OC and DAO?
It’s not an EON token air drop. It’s a HPV token airdrop for the totally new blockchain (new horizen)
Great idea Rob, there is a lot of disagreement on maintaining $ZEN tokenomics, but it great to see different opinions coming up, i mean it a DAO
Love this idea and it also nice to see more engagement in the DAO
Good question Trololino
Thank you for the decisive leadership on this as we navigate the complex future. I think this is the best default position to approach this topic until the study has been completed. I would still consider doing it under the ZEN ticker once the study is complete, so I would not entirely rule out the ZEN only option. At this time though your airdrop position is the best imo.
There may even be hidden benefits to keeping ZEN and EON in current form as we will all become holders of both HPV and Zen at airdrop. If problems arise with POS regulations in the US or other declarations with “unregistered securities”, we could have POW Zen to fall back on. The community and HL could also try some light hearted fun things with zen/eon with the smaller treasury funds which is a diversification angle that may be worth considering. Obviously HPV would get 95% of the focus and be expected to be the big winner here. Again I am not committed to either one (airdrop or zen retokenizarion) but the airdrop is looking best right now.
I’m interested in hearing the calculus that went into you making that determination without having seen or heard of any specific plans for any of the options you’ve laid out.
This is the way
Thank you Rob
Shouldn’t you at least seek advice from a professional investor other than an insider team to do something like this?
Also, I am concerned about how much time it will take to change tokenomics.
People are getting tired already
After viewing this discourse and reading some peoples posts in discord, it seems like most aren’t automatically against a change in tokenomics. It seems like most are worried about if existing holders would be diluted. And if they are diluted, what the benefits are. Also seems as if people still question that outlands company. They need to clarify who they are and why the community shoulsld trust them.
I still can’t understand why we need to change the economic model and issue new tokens. It seems that Dot Atom and others have not done so. Shouldn’t we develop more ecosystems to empower Zen? The same applies to dot atoms. I vaguely remember that Zen will develop 100 side chains by the end of 2024, but currently there is already an eon. If we issue verification layer tokens, how can we ensure that the new tokens can survive? Do we need to think about it? Is the issuance of new tokens related to existing zen in any way, or is the new token just an arbitrage tool? I think most people choose zen because it is based on pow, thousands of nodes, Grayscale, which is why people love zen. I believe that even without new tokens, if we can solve the issues of Binance token observation area and OK delisting, we will still have more investors to drive the value of zen, rather than the need to issue new tokens. thanks!!!
Hi everyone,
We are excited to see this level of involvement. The founder of Outerlands Capital was at the Horizen (then Zencash) launch party in 2017 and has been a long time supporter of ZEN.
New Horizen presents an obvious opportunity to think big picture on the future of the Horizen community. Our proposal for discussion simply intended to investigate what it could look like, and thought it was at least worth looking into how it might interact with the existing ZEN token.
We are ardent believers in decentralized decision making that represents the entire community. This is the purpose of the Discourse, which is why we posted here for discussion. Clearly some in the community are nervous about potential proposals that may affect ZEN tokenomics, our intent was to start a conversation, explore options, and present the options to the community for voting.
A bit about Outerlands Capital:
Outerlands Capital is a digital asset management firm consisting of a team with significant TradFi experience at major institutions and a deep passion for web3. Regarding our background in tokenomics, our team is composed of individuals who hold PhDs, Masters of Economics, and many Web3 native individuals who have worked on some of the most exciting tokenomics in the space during our time spent at HL. Our interest in seeing Horizen evolve in the space triggered this idea for discussion.
Best of luck,
Bryan
Thanks Bryan for pursuing this topic. Cant wait to see what you guys come up with from the study!
^ How to say a lot yet say nothing important.