ONE

Harmony

USD 0.1524

7.93%

EUR 0.1280 • BTC 0.00000250 • ETH 0.00007038


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 0    313  
1D 7D 14D 1M 200D 1Y 2Y 5Y 10Y
7.93%
-1.24%
-24.26%
183.56%
2,836.99%
6,635.33%
                    

Rank: 80
Market Cap: $1,428,912,114
ATH: $0.2221, 2021-03-29T08:19:36.363Z
Maximum supply: 0
Circulating supply: 9,401,136,829
Contract Address: ONE-5F9
Description:
Harmony’s open, decentralized network is enabled through the use of the native protocol token - Harmony ONE. The token incentivizes and rewards a variety of participants including developers, validators/stakers, investors, and community members who develop, secure and govern the network. In order to use the network, users pay a small transaction fee denominated in the native Harmony token. Harmony’s scalable, high-throughput protocol is powered by a native token which is used for various forms of payment and participation in the protocol (staking, transaction fees, voting & governance). Harmony uses blockchain to align incentives of different stakeholders, developers and businesses while allowing them to build open marketplaces of fungible and non-fungible tokens and assets. Furthermore, the upcoming application of zero-knowledge proofs will allow Harmony to become a data sharing platform that can overcome the conflicting problem plaguing many information and data markets: that individual market participants’ have mutual distrust to share data but strong desire to acquire data themselves. The Harmony token will function in the following aspects of the protocol: The token is used for staking, which is necessary to participate in the POS consensus & earn block rewards and transaction fees. The token is used to pay for transaction fees, gas and storage fees. The token is used in voting for on-chain governance of the protocol.




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