Horizon Protocol’s Liquidity Mining Program and Token Metrics
Horizon Protocol’s Liquidity Mining Program and Token Metrics
Distribution of HRZN Tokens
100% of Initial Circulating Supply Distributed to the Community
HRZN: 100% initial circulating supply distributed through seed pools in 6 days. After 6 days, there are no further emissions of HRZN for at least 2 months. There have been NO token sales of any kind.
BHorizon: 100% of the total supply of the first Horizon token will be distributed via liquidity mining over three months.
Long term liquidity mining
The Horizon Finance is designed to incentivize liquidity mining over the long run. Users provide liquidity to earn BHorizon over the course of 3 months. Subsequent Horizon tokens, named CHorizon, will launch after BHorizon, which will further incentivize liquidity.
Token burn
A portion of HRZN and Horizon tokens are burned as usage of the Protocol and marketplace grows over time. HRZN is burned to access the Protocol as well as the Horizon marketplace, and to pay for fees for Horizonset submissions by Horizon providers, and provide curation services by curators. Horizon tokens are burned as they are redeemed for Horizonsets.
How to earn HRZN and BHorizon
Step 1: Earn HRZN by staking in seed pools
1a) Choose one or more seed pools in the Horizon Vault
1b) Stake one or more assets
How to stake: connect to Metamask, approve the deposit in Metamask, then deposit the asset.
1c) Earn HRZN
50000 HRZN, representing 100% of the circulating supply for the first 2 months, will be distributed among 12 seed pools over the course of 6 days (2 million HRZN distributed per seed pool).
Step 2: Earn BHorizon by providing liquidity to HRZN or BHorizon
2a) Choose the HRZN/BNB or BHorizon/BNB liquidity pool in the Horizon Vault
2b) Provide liquidity on Uniswap to HRZN/BNB or BHorizon/BNB
How to provide liquidity on Uniswap:
Acquire BNB and HRZN or BHorizon
Click on “Provide Liquidity” in the Horizon Vault which will take you to Uniswap
Add liquidity on Uniswap to HRZN/BNB or BHorizon/BNB
You will receive HRZN/BNB LP or BHorizon/BNB LP tokens
2c) Stake LP tokens in the Horizon Vault
How to stake: connect to Metamask, approve the HRZN/BNB LP or BHorizon/BNB LP token in Metamask, then deposit the LP tokens.
2d) Earn BHorizon
Stake HRZN/BNB UNI-LP V2 = earn 12000 BHorizon (2/3 of total supply)
Stake BHorizon/BNB UNI-LP V2 = earn 6000 BHorizon (1/3 of total supply)
18000 BHorizon, representing 100% of the total supply, will be distributed among the two liquidity pools. Emissions end after 3 months, in accordance with the chart below.
Token metrics
HRZN
Total supply: 50000
Initial circulating supply in first two months: 40000
Staking/liquidity mining rewards — 32500 (65% of total supply)
— Initial circulating supply (distributed via seed pools): 15000 (30% of total supply)
— Reserved for future staking/LP rewards: 17500 (35% of total supply) — locked for at least 2 months, long term vesting
Ecosystem reserve, strategic partnerships, operations, development, and strategic sales — 12500 (25% of total supply)
— Ecosystem reserve tokens vest over 9 months (starting after 1 week, enforced by smart contract)
— Up to 5000 (10% of total supply) of the HRZN allocated to the ecosystem reserve may be used for future strategic sales, which would be subject to long term vesting. There have been NO token sales as of the date of this article.
Team and advisors — 2500 (5% of total supply)
— Vesting over 9 months (starting after 1 week, enforced by smart contract)
BHorizon
Total supply: 18000
Liquidity mining rewards: 18000 (100% of total supply)
Liquidity Pools
— Stake HRZN/BNB LP = earn 12000 BHorizon (2/3 of supply)
— Stake BHorizon/BNB LP = earn 6000 BHorizon (1/3 of supply)
CHorizon
To be announced.
