Horizon ICO: HRZN Token & Blockchain IPS Telecommunications?
With technology expanding rapidly in our daily life, high-speed internet connection has penetrated into our homes and offices if your local internet service provider offers high-speed internet connection services.
In this world of instant gratification where people do not have the patience to wait anymore, it is easy to see that high-speed internet connection is becoming the mainstream norm as compared to dial-up connections. However, before jumping onto the high-speed internet bandwagon, it is essential you learn about cheaper alternatives of internet service provider available to us and most importantly the cost associated with it.
With that in mind, here is a blockchain startup from Bermuda that wants bring low-priced internet right to your home or office.
What Is Horizon IPS Communications?
Horizon communication is a Caribbean tech company that aims to provide its users; high-speed internet services, VOIP telephone, and a high definition IPTV using next-generation fixed wireless LTE technology.
The telecommunication company will incorporate the use of Ethereum blockchain to hold an ICO, from where they will launch their wireless internet services in Bermuda. Once their planned rollout begins, Horizon expects to expand to other Caribbean countries and ultimately Central America. The group concept will work on building the quality of our internet speed and service delivery to the population.
Horizon HRZN Token Advantages
- Data storage services- as a future endeavor, the platform will include data storage services in their data centers or through low priced data centers from partners.
- Low cost of telecom services- Horizon’s partnership with telecom partners from around the world will help reduce the global price of mobile and data services without even having to use a Sim card.
- Dividends- token holders get future dividends and a buyback option from the company as a form of appreciation.
- Discounts- purchasing services through Horizon will attract a discount of up to 50% to the dollar price when paid in HRZN tokens.
Horizon Red Flags
The concept might attract any crypto and internet enthusiast, but there are underlying issues that make the project somewhat suspicious for a scam. For unknown reasons, Horizon Communication did cancel their initial ICO and had to settle for a later date.
While this might not seem like a sensitive matter, it is still a point of concern regarding the authenticity of the venture. Another hurdle also present with the project is the lack of a license for its Icol (Integrated communications operating license) to work in Bermuda. The Regulatory Authority of Bermuda is yet to issue the spectrum license, and this makes Horizon a company without a permit.
It’s hard to identify any concrete reason as to why one would trade in a platform such as Horizon. For starters purchasing this token will leave you with something that is not tradable, redeemable, and with no asset or rights backing it.
The tokens are yet to have any exchange offering their transfers and the discussions to join one are however to pan out. Additionally, the coin has no rights whatsoever over on the revenues, investments or assets of the Horizon company.
I would conclude by stating that Horizon’s mission is formidable in creating an excellent telecom service, but the fact is that with no license and the quality of the token, you are better off trying your investment luck somewhere else.