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Horizon State Press Release

Award-winning tech company Horizon State today announced it is returning under new management.

The announcement comes off the back of the company that previously owned the intellectual property rights to the Horizon State platform ceasing operation in mid-August 2019 and placing its IP assets up for sale. 

The Horizon State platform, which rose to market prominence in late 2017 from its revolutionary voting and decision-making software, was purchased by a group of passionate community members in a powerful demonstration of community faith in the project’s original vision and the strength of its product. The group have brought onboard several former employees to ensure the business gets back to market as quickly and smoothly as possible.

Horizon State’s market-leading voting and community engagement product is designed to integrate with blockchain technology. This is a major advantage over traditional databases, and ensures everyone using this proprietary system can be confident all votes are correctly and reliably counted through additional verification processes, all without requiring the identity of individual voters to be known.

Company CEO Tim Goggin highlighted the important role the platform has played boosting the democratic capability and engagement level for both public and private organisations. “There are endless use cases for Horizon State’s platform for any organisation that wants to boost stakeholder engagement and streamline decision-making processes,” Goggin said, “the difference with our solution is that we can help organisations create these new efficiencies that reduce time and cost burdens via an online process that is transparent, trusted and verifiable.”

According to Goggin, the company’s current primary objectives are to get the platform operating again, to re-engage clients that have used or expressed interest in the Horizon State platform, and to expand the company’s visibility as it develops new business opportunities. 

Goggin also addressed the previous company’s Decision (HST) token that was associated with the platform, stating that the company will not support the old token in its current form, adding that there are other plans to reward loyal members of the HST community:

“We will not be supporting the now defunct HST token, and advise against purchasing them. As a community-led project, we are considering the best way to include the HST community in our future plans. One possibility we are exploring is the creation of a new token economy where tokens are airdropped to HST addresses from a particular snapshot of time. Our current priority is to become operational as quickly as possible, and the complexity of how we navigate any new token means we have not made any firm decisions at this time. We recommend the community keep an eye out for updates for when we announce more concrete plans.”

 

About Horizon State

Horizon State originally launched in 2017 to revolutionise the way that organisations and communities make multi-stakeholder decisions. The company’s voting and community engagement platform has been used by large government departments and state governments, and its innovation in online voting earned it a place as one of the 2018 World Economic Forum Technology Pioneers, joining alumni including Google, Spotify, Airbnb and Kickstarter.

Media contact:
inbox@horizonstate.com

November 1, 2019

FAQ

What happens to our tokens?

The Decision Token will not be supported by the new Horizon State company, so we ask people to not attempt to buy them. We do have plans to include the people who were holding Decision tokens before the announcement that the prior Horizon State company was to cease operation in whatever new token economy that we do choose to create and support (which would likely be issued through an airdrop). We are not in a rush to decide, announce details for, or issue these new tokens. 

 

Our current focus is to get the business to an operational level, and to get it self-sustaining on client revenues as quickly as possible. The current owners of the Horizon State IP never issued or sold any tokens to anyone, and thus we are under no obligation to do anything for token holders or work to any timelines expected by community members. Given the new Horizon State’s roots as a resurrection by passionate fans, we have decided that we will do what we can to ensure that those who were loyal holders of the original token will be looked after as we are able. The token economy is on our list of things to think about, and we will give updates at the appropriate time. 

Why are you not supporting the old HST Decision Token?

After the announcement by the previous company that it would cease operation, Decision Tokens changed hands rapidly in panic sales, and many in the community were selling at a loss. To support the current Decision Token would mean many people who supported Horizon State for a long time but sold at a loss after the announcement would not benefit from our efforts going forward. The only feasible way to give tokens to those who were holding Decision Tokens at a time before the announcement would be to airdrop them based on a snapshot of the HST chain, with other considerations made in cases of aggregated wallet balances (like at exchanges).

The company, past/present was a scam!?

The former HS company was not a scam, and it went into voluntary administration. The administrators job is to liquidate the assets to the benefit of creditors, and to deduce the reason for business failure and report their findings to government regulators. The new owners of the Horizon State IP are a group of the core HST community from the Telegram group, and the new company retains three former Horizon state employees.

What happened at the old Horizon State that caused it to go into liquidation?

We have no desire to comment on this other than to say that the downfall was not due to the company failing, or anything to do with the company’s intellectual property. We will not be receptive to questions about this topic in our public forums, and it does nothing to benefit Horizon State to discuss it. We do however want to publicly acknowledge the immense contribution that Andy Ellis and Nimo Naamani made to Horizon State. 

Who are the current team members/shareholders?

The current core team consists of Tim, Dan, and Sam, who were all involved in the prior company. They bring a familiarity to the company, and the fact that they have returned to the new business demonstrates their belief in Horizon State’s vision. The team has also maintained the support of its previous contract developers for support as it is required. Our team will expand in line with company growth and demand for product development.

How many clients (and who) are coming back on board or new customers?

This is commercially sensitive information, and we will only make information public when it is in the company’s (and our client’s) best interests to do so. At the early stage our highest priority is to get the platform operating again, to re-engage clients that have used or expressed interest in the Horizon State platform, and to expand the company’s visibility as it develops new business opportunities. We look forward to sharing our company successes with you, but no news does not mean nothing is happening.

I sold all of my HST tokens for a loss, what do I do now?

Unfortunately there is nothing we can do about this right now. However, we are looking at different scenarios on how to ensure the community stays engaged. An airdrop of new tokens might fit best. If we indeed will move forward with an airdrop, we will have a snapshot of token holders of before the announcement and potentially ask for exchange data to ensure that everyone gets their new tokens.

What about the exchanges HST was listed on, will any new token feature there?

We do not have any news in this area. We will provide more information when we have more concrete plans and information regarding exchange listings for a future token we may support.

Why did you buy the IP?

The team and company investors believe in Horizon State’s vision to empower individual voices and connect people through better decision-making processes. We believe that Horizon State’s platform has huge potential to this end that is best realised through the application of sound business principles. 

Do any of the equity holders of the previous company hold equity in this new one?

No.

How much did you raise to revive and operate the company?

This will not be publicly disclosed. Our goal is to begin generating revenue as fast as possible and become self-sustaining on client revenues as fast as possible. We will raise additional funds in line with business need if it is required.

If you are interested in investing in the new company, the appropriate channel is via email at tim.goggin@horizonstate.com

Was the company sold to you by the previous team?

No. The old company was put into voluntary administration, and then liquidated by a professional third party company specialising in that industry. We then purchased the IP from the liquidator through a blind auction. This entire process is strictly regulated by the Australian Federal Government.

What does the new roadmap for the business look like?

As a professional, private company our efforts will be concentrated less on communicating a roadmap (typical for ICO startup companies) and more on delivering on a strategy that benefits the business and shareholders that we are accountable to (who are among the HST core community).

What makes you confident you can revive Horizon State and be successful this time around?

There has always been a lot of interest in the product and we will continue to actively push it into the market. We have an extremely motivated team with a lot of knowledge of both the product and the market it will be sold to, making us an ideal fit to meet this challenge. The downfall of the company that previously owned the Horizon State IP was not due to a lack of customer interest. 

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