Horizen
ZEN #302Project Safety Score: 84%
Updated 12 minutes ago& Market
Credibility
Behavioral
Mechanics
Distribution
Horizen is a modular platform focused on privacy technology, initially launched in 2017 without an ICO. The project is currently evolving with the introduction of Horizen 2.0, a Layer 3 appchain deployed on Base, which leverages Ethereum's security features. This iteration emphasizes application-level security and decentralization of privacy layers, moving away from the earlier hybrid model of Proof of Work and Proof of Stake.
The native token, ZEN, plays a key role in the ecosystem, facilitating DAO governance, accessing privacy services, and supporting zkApp interactions. With the migration to Base, ZEN has transitioned to an ERC-20 token, enhancing interoperability within the Ethereum ecosystem. The governance model is community-driven via the Horizen DAO, allowing for transparent decision-making.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Economic design score 90 out of 100.
The economic design of Horizen is robust, reflecting a well-defined supply cap of 21 million tokens. Notably, 86% of the total supply is already circulating, indicating a healthy supply distribution. This strong score suggests that the project has a solid foundation for maintaining its economic sustainability over the long term.
Liquidity and market dynamics score 93 out of 100.
Horizen demonstrates excellent liquidity and market dynamics, with a volume-to-market cap ratio of 30.15%. The impressive 24-hour trading volume of approximately $37.68 million further indicates high liquidity. Additionally, the presence across 34 exchanges, including 16 classified as secure, enhances accessibility and trading opportunities for investors.
Contract mechanics score 95 out of 100.
The contract mechanics of Horizen are exceptionally well-executed, with all critical functions verified. There are no honeypot risks, and the project is fully open-source. The ownership safety features are strong, with checks ensuring that privileges do not pose a risk. Additionally, there are no hidden or harmful functions, reinforcing the project's integrity.
Team credibility score 25 out of 100.
The team credibility score raises some concerns, as there is no deploy or genesis date provided, and no audit data is available. GitHub activity shows limited engagement with just 3 commits in the last four weeks, although the project has received 99 stars. Uncertainty remains regarding the team's identity, as there is no clear information on whether they are publicly known.
Social behavior score 41 out of 100.
Horizen's social behavior score signals potential weaknesses in community engagement, with audience data being somewhat limited. While on Twitter, the audience count is unavailable, and Telegram has around 5,890 members, the overall sentiment of 67% positive indicates a reasonably favorable perception. However, the lack of comprehensive social analytics may hinder potential growth.
Investing in Horizen, like any cryptocurrency, carries inherent risks due to market volatility and the uncertain regulatory landscape. Potential investors should carefully consider these factors and conduct thorough research before proceeding.
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Prior: Co-founder of ZenCashRobert has been instrumental in Horizen's development and has a background in blockchain technology.
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Prior: Co-founder of ZenCashAlexander has a strong technical background in blockchain and cryptography.
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The smart contract code was audited, and the report is available on Cantina's website. ([docs.horizen.io](https://docs.horizen.io/mainnet-migration-instructions/security-and-audit/?utm_source=openai))
Price Chart - Horizen
Contract Security
0xf43eb8de897fbc7f2502483b2bef7bb9ea179229Horizen Exchanges
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