This is not an update or "news" or anything, that is all in progress, but just sharing it here in case anyone missed it. This is a new trusted Horizon asset I have launched personally.
https://bitcointalk.org/index.php?topic=1022989.new#new (Bitcointalk announcement thread)
ASSET NAME: HZCHRONOS
ASSET ID: 14434264033002297623
ASSET ISSUER: NHZ-MBV2-AUUP-J8FN-78LUC
Total colored coins issued: 17520
3200 HZ per unit
Here is the short version for those that just want the basics:
This is an asset for traders, investors, and those seeking to actually use HZchronos for crypto currency promotions and advertisements. No promotions will be scheduled or start for the first initial two weeks after the launch - starting now -- HZchronos is purchased with Horizon HZ, and you can purchase Horizon on both Poloniex and Bittrex. To purchase HZchronos you must use the Horizon decentralized exchange, and the HZ purchased from either Poloniex or Bittrex. The official website has the download links for the wallets and also contains eight tutorial videos explaining how to use all the key elements of Horizon, so feel free to watch those if you are new to decentralized exchanges, or Horizon in particular.
https://horizonplatform.ioHere is an intro video for HZCHRONOS:
https://www.youtube.com/watch?v=4b7yDgfi6ncWebsite for HZchronos:
http://www.hzchronos.com/Here is the long version for those that want all the details:
HZchronos is a service asset based on units of time (1 unit = 1 hour of promotions), they are purchased on the Horizon decentralized exchange. The purpose of HZchronos is to be a trade asset that is backed with real world use, as they can be traded in for advertising time and promotions in the Cryptocurrency Collectors Club on Facebook, with additional incentives depending on how much time is reserved. They must be used in 24 hour blocks, or 24 chronos at a time minimum, and scheduling is done on a first come first serve basis. Nothing offensive or illegal is allowed, no scams, and it must have some connection to crypto currency. Advertisements & Promotions will be pinned to the top of the club forum for as long as scheduled. There are no refunds, and buyer agrees to to accept the risk for any unlikely reasons that this asset could fail in the future.
Why should you be interested in HZchronos? First of all, for specualtive reasons this asset is designed for trading. Extremely rare with only 17500 units total. All of them will be put up for trade and none held in reserve. If they sell out then traders can determine the price as they see fit. As units are turned in for promotions, they are removed from the market into a “burn” account, and the supply will effectively be reduced over time as they are used. The Cryptocurrency Collectors Club is one of the best groups for cryptos out there, with many active developers and traders, so this is a very valuable group to connect to.
Update: While I prefer to make this as long term as possible, I also want to balance it out with those that want quick profits. I have talked to the community and the consensus seems to be that any unsold colored coins after two weeks will be sent to the burn address. This way the traders control the supply entirely, regardless if 10% sells, 50%, or 100% - the caveat to this would be if for example 50% of the tokens sell, that is less funding and I would lower the long term commitment to the project exactly proportionally, but I will leave way more than enough time for these to be used.
100% of the tokens sell, 2.5 years redeemable
50% of them sell, 1.25 years redeemable ... and so on, so this way the length of the commitment to the project is determined by the demand, as well as the starting marketcap. Thanks!
On April 27th, Midnight Central Standard Time, I will remove any unsold tokens and send to the "burn" address, and then promotions and scheduling will start, and the overall time frame for the project will be determined based on the results of the sale.
