What is Decision Token (HST)?
Future of HST Cryptocurrency and know how to buy HST

#1 – What is Decision Token?

Decision Token: The Basics

  1. Decision token is the native currency of the Horizon State, a blockchain-based voting and decision-making platform which uses distributed ledger technology to deliver trust and integrity.
  2. Horizon State’s platform is a secure, un-hackable digital ballot system in which voter identities are protected and results can never be tampered with.
  3. Votes are transparent and openly available on the ledger while the voter identities are kept anonymous, and anyone in the world can count the votes, which ensures trust and avoids tampering completely.
  4. The Decision Token (HST) is the currency which will be used for the various functions throughout the Horizon State ecosystem, like for casting votes through the platform.

Decision Token Development

  1. The Decision Token was launched by Horizon State, which has a team of over 20 professionals, experienced in their field.
  2. The CEO is Oren Alazraki, who has 20 years of experience in leadership and executive positions in the IT sector. His most recent role before Horizon State was at Datacom.
  3. Jamie Skella, the Chief Product Officer, was formerly the Director of UX at Tatts Group. He also directed the development of MiVote’s blockchain voting MVP.
  4. The CTO Nimo Naamani was the CTO of iPayroll before joining the Horizon State team. He has over two decades of experience as an entrepreneur and software developer. Dan Crane, the Head of Research and Innovation is a cryptoasset researcher, investor and ICO advisor who has worked as the Chief Online Officer at an Australian Stock Exchange top 100.
  5. Other team members include Financial Advisors, Developers, Analysts, the Marketing team, etc.

 

#2 – What are the advantages of Decision Token?

Features

  1. With the use of blockchain technology, Horizon State ensures that any votes cast on the platform are not tampered with. Since the blockchain is virtually un-hackable, this is easily accomplished. When voters’ anonymity is required, the platform ensures that the voter isn’t tied to the vote.
  2. The votes cast on the platform are stored permanently on the Ethereum blockchain and contain no voter information. But the votes are hashed and associated with the voter’s public address to prevent double-voting while keeping the voter’s identity anonymous and at the same time allowing them to verify their own votes.
  3. The platform ensures transparency as the blockchain is inherently trustless and transparent. It also promises to reduce the cost of the entire process by at least a factor of 10.

Decision Token Technology

  1. The Horizon State platform uses distributed ledger technology (DLT) to ensure security and transparency in voting. The platform sits on the Ethereum blockchain due to its network size and consequent security, making it a robust network.
  2. The ERC20 standards of the Ethereum blockchain allow for great flexibility and interoperability for Horizon State’s dApps, both within the blockchain as well as for third party applications.
  3. Horizon state is to provide integrated content management and delivery capabilities to encourage discussions and debates related to the campaigns running on the platform.
  4. Candidates standing for elections through the platform will thus be able to use the system to get enrolled in the process as well as engage with the voters by presenting their ideals and promises. The platform hence enables candidates to execute their campaigning strategy on the platform.
  5. The campaigns will be provided with multiple options to define their voting population, using a Pluggable Authentication Module (PAM) architecture to allow organisations to use their own authentication mechanisms.
  6. The platform enables users to control the level of engagement, exposure and impact of their campaigns, and also to audit their own votes. The users will also be able to discuss issues they are interested in and find like-minded individuals.
  7. The platform also includes a campaign management layer which enables users to create a campaign, manage its content, define the population allowed to vote, advertise the candidacy rules, etc.

Use Cases

This platform, being a digital ballot system, can be used for a variety of reasons:

  1. Polls for policy implementation
  2. Voting for board membership of organisations
  3. Union amalgamations
  4. Party vote and mayoral voting
  5. General Elections
  6. Census (using smart surveys)

The voting platform of Horizon State is in use by MiVote, an Australian political movement.

 

#3 – How to buy and store Decision Token tokens (HST)?

How to buy HST

Decision oken (HST) can be purchased on 8 exchanges as of July 2018, by paying in other cryptocurrencies like Bitcoin, Ether, DAI, WETH, etc. The exchanges include Huobi, Cryptopia, KuCoin, Idex, ForkDelta, Livecoin, Exrates and Radar Relay.

Livecoin is presently the only exchange platform accepting any fiat currency for HST – it accepts USD in exchange for HST.

  1. These are just platforms where you can buy or sell HST tokens, but help is often needed to decide which one to buy from. This help is what CoinSwitch, the best cryptocurrency exchange provides, by displaying the prices at the exchanges it’s sold in, all at one place. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose any pair you want with your HST token, and CoinSwitch will help you decide the best one for you!
  2. What’s more - with CoinSwitch, you need not rely on wallets on the exchange you’re buying from. Instead, all transactions can happen to and from your very own private wallets.

HST Storage

  1. Being on the Ethereum blockchain, HST can be stored in any wallet which supports Ethereum and other ERC20 tokens, which are quite a few in number.
  2. Hardware wallets are the most secure, and Ledger Nano S as well as Trezor work for ERC20 tokens.
  3. Exodus and Mist are desktop wallets for which store Ethereum and tokens on its blockchain. It is compatible with Windows, Linux and Mac operating systems.
  4. Jaxx, another Ethereum wallet, functions as a desktop wallet for Windows, Linux and Mac PCs, a mobile wallet for Android and iOS phones, as well as a web wallet through Chrome and Firefox extensions, making it one of the most versatile wallets around.
  5. MyEtherWallet is its most popular Web wallet, and ETHAdress is one of the paper wallets storing ERC20 tokens.

 

#4 – What is the future of Decision Token?

Also Read: Complete Analysis of Decision Token | Live Decision Token (HST) Price Charts And Predictions

Market Cap and Global Acceptance

  1. The ICO for the Decision Token coins (HST) was held between mid to end October 2017, with 600 million out of its total 1 billion available for sale and a hard cap of 200 thousand Ether. The proceeds from the token sale were used as follows:
    1. 55% was used for platform development
    2. 20% went into Business Operations
    3. 15% went to the Sales and Marketing of the cryptocurrency
    4. 5% was used for the Legal & Compliance section, and
    5. The remaining 5% was kept for contingency costs.
  2. The total supply of HST tokens is 1 billion, which has the following distribution:
    1. 60% was to be sold in the token sale
    2. 28% was kept for the company reserves
    3. 2% was reserved for the advisors
    4. 8% went to the Horizon State staff, and
    5. The remaining 2 % was used for bounties.
  3. The circulating supply of Decision Tokens is 32.025 million as of July 2018, with a market cap of about $13.49 million and a price of about $ 0.42 per HST.

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 21, 2018

0.430143

0.439685

0.401048

0.415318

25,392

1,37,75,800

Jul 01, 2018

0.501068

0.503652

0.456026

0.457572

17,687

1,60,47,200

Jun 01, 2018

0.597932

0.616865

0.589103

0.602011

18,035

1,91,49,400

May 01, 2018

0.831856

0.901872

0.745758

0.830717

1,51,199

2,66,41,000

Apr 01, 2018

0.410136

0.465908

0.390191

0.452306

1,24,534

1,31,35,000

Mar 01, 2018

1.21

1.43

1.2

1.42

1,86,097

3,79,74,100

Feb 01, 2018

2.12

2.18

1.52

1.79

5,31,557

6,64,43,600

Jan 01, 2018

1.11

1.31

1.01

1.24

3,49,832

3,46,95,200

Dec 01, 2017

0.423972

0.423972

0.268824

0.305828

2,97,701

1,32,20,600

Nov 13, 2017

0.295069

0.407836

0.258967

0.38111

8,04,423

-

Trends so far

  1. Although it’s been around for barely a year as of July 2018, Decision Token has had its fair share of volatility. With a change from its initial price of $0.38 in November 2017 to a minimum of $0.149 in the same month, to a maximum of $5.25 in January 2018.
  2. The moderate circulating supply coupled with its low individual price has given the coin a relatively low ranking in terms of market cap globally. Decision Token is currently ranked 363 in global rankings, as of July 2018.
  3. The ranking of the Decision Token may be a bit discouraging, but the token is barely a year old. Being the first voting and decision-making platform, the Decision Token’s idea is unique and promising. As the usage of the platform increases, so will the demand for the token, and consequently its value.

 

#5 – What makes Decision Token different from other cryptocurrencies?

  1. Decision token (Horizon State) is a voting and decision-making platform which promises a trustless, un-hackable and secure voting experience, the results of which cannot be tampered with.
  2. This particular use case of the blockchain, though not that surprising because of the blockchain’s already trustless and secure ecosystem, is the first to be implemented, setting Horizon State apart from other cryptocurrencies.
  3. The use cases therefore, are entirely different. This isn’t a finance-focused cryptocurrency. It simply functions in a different sector.

 

#6 – Should you invest in HST?

  1. HST being the native token of the Horizon State platform, will increase in value as the popularity of the platform itself increases. The current value is discouragingly low, putting it lower than 350 in global market cap rankings.
  2. However, the platform is still relatively new, with only one implemented use case as of July 2018 (that of MiVote). It is still developing, and its popularity may increase with the increase in adoption of blockchain technology.
  3. The idea behind Horizon State is elegant and remarkable in its simplicity, and its development should actually help people worldwide; because the democratic system and voting processes are notorious for scams and tampering.
  4. Moreover, the token is quite inexpensive at the moment, making it a good time to invest some money in it since it’s likely to give good returns in the long term.
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