Xpanse HZN Price

What is Xpanse (HZN)?

Horizon Protocol is a new decentralized finance (DeFi) platform that brings together traditional financial assets and the world of cryptocurrencies. It uses smart contracts and the Binance Smart Chain (BSC) to allow users to create, manage, and trade synthetic assets that reflect real-world economic values.

Horizon Protocol enables users to create and trade synthetic assets, which are digital versions of real-world assets like commodities, currencies, and stocks. These assets track the value of their real-world counterparts, giving users access to traditional financial markets through blockchain technology. The platform uses smart contracts to ensure secure and transparent transactions.

Building on Synthetix

Horizon Protocol is based on a fork of Synthetix, a well-known derivative trading platform. This foundation allows Horizon to build on proven technology while adding improvements to address issues like scalability and cost. The goal is to offer a wider range of synthetic assets to users.

Why Binance Smart Chain?

Horizon Protocol operates on the Binance Smart Chain (BSC), which is known for its fast transaction speeds and reliability. This choice helps Horizon handle more transactions efficiently and aligns it with a growing blockchain ecosystem, making trading smoother for users.

Security Measures

Security is crucial for Horizon Protocol. The platform uses well-audited technologies and open-source solutions to protect users. Regular security audits and bug bounty programs help find and fix potential issues. Using BSC adds another layer of security and reliability.

How Horizon Protocol Works

Users of Horizon Protocol can trade synthetic assets, take out collateralized loans, and use automated features to make transactions easier. The platform's use of smart contracts on BSC makes it secure and user-friendly.

Conclusion

Horizon Protocol offers a new way to connect traditional finance with cryptocurrencies. By using smart contracts and the Binance Smart Chain, it provides a secure and efficient platform for trading synthetic assets, making it an important player in the DeFi space.

What is unique about Xpanse (HZN)?

Horizon Protocol stands out by allowing users to create and trade synthetic assets that mirror real-world economic values using smart contracts on the Binance Smart Chain. Its focus on scalability and cost improvements, based on a fork of Synthetix, enhances its appeal in the DeFi space.

Who are the founders of Xpanse (HZN)?

The founder of Horizon Protocol is Peter Kieltyka.

Where can I buy Xpanse (HZN)?

 PancakeSwap (v2)