Horizon State Completes ICO as Australia’s Biggest Software Crowdfunding Campaign

KEY TAKEAWAYS:

• Horizon State’s crowdfunding campaign made history after it recorded the biggest amount raised at more than $1.4 million in just two weeks.
• Horizon State raised $700,000 through its Initial Coin Offering (ICO)
• The faith showed by many small investors to Horizon State shows that people now want to get rid of corruption in the world’s democratic processes.

Horizon State, the with an unhackable ballot box based on blockchain technology which will eradicate corruption in voting results, has recorded the biggest software crowdfunding campaign in Australia after it raised more than $1.4 million in two weeks. This includes the$700,000 raised through its Initial Coin Offering (ICO), within the final 16 hours of the offer, without any major investors involved.

The funding raised by Horizon State beat the record made by the Satellite Reign video game of 5 Lives Studio which only raised A$850,000 three years ago in its Kickstarter campaign.

“Philosophical motivations aside, what this funding enables is the propagation of technology that will dramatically reduce taxpayer spending on paper-based ways of collecting opinions or votes, while increasing the efficiency in which these kinds of activities can be orchestrated,” Horizon State co-founder Jamie Skella said.

Skella said the feat is more than just about the development of software by the platform which specialises in blockchain voting and decision-making. The thousands of individuals who invested in the company represents the democratisation and is a way of providing opportunities to generate wealth for the masses.

Horizon State’s successful ICO with a number of small investors contributing to the funds show their faith in the company. With this, the masses have ensured that records of decisions cannot anymore be tampered with. This funding signals a change in how society can collectively make decisions, and how it can eradicate corruption in the world’s democratic outcomes.

Horizon State’s blockchain voting and decision-making platform is token-based. The blockchain technology increases the integrity of the voting process by ensuring that the digital ballot box cannot be hacked and its results unaltered.

About Horizon State

The unhackable ballot box has reduced costs compared to traditional opinion and vote solicitation processes, improved efficiencies and reduced timelines compared to the physical ballot box and postal vote processes.