Harmony (ONE) offers high-speed, low-cost transactions, EVM compatibility, and scalability through sharding. More
| Fully Diluted Valuation | $148.94M |
|---|---|
| 24H Trading Volume | $7.91M |
| 24H Low / High | $0.01 / $ 0.01 |
| Circulating Supply | 14.70B |
| Total Supply | 14.70B |
| Max Supply | ∞ |
| Categories | Smart Contract Platform 6 more |
|---|---|
| Founder | Stephen Tse 3 more |
| Website | harmony.one Whitepaper |
| Socials | 5 more |
| Explorer | Harmony |
| Name | Pair | OG Score |
|---|
Harmony (ONE) Overview
Harmony is a high-speed, open-source, public blockchain designed to offer a more efficient platform for operating Ethereum decentralized applications (dApps). With Ethereum Virtual Machine (EVM) compatibility and smart contract functionality, Harmony aims to be a competitive alternative to Ethereum, boasting a transaction finality time of just over two seconds and transaction fees 100 times lower than Ethereum.
Harmony Ecosystem Growth
As of July 2022, the Harmony ecosystem has seen significant growth, with a total value locked (TVL) of over $1 billion across decentralized finance (DeFi), NFT, Web3, and gaming categories. The development team is actively working on enhancing the platform's capabilities to support more Web3 dApps. They are also adding features like Zero Knowledge proofs and decentralizing governance through funding and supporting decentralized autonomous organizations (DAOs).
The ONE Token and Its Utility
The native token of Harmony, ONE, plays a crucial role within the ecosystem. It is used for paying transaction fees, gas fees, and storage fees within the network. Additionally, users can stake ONE to become nodes and participate in the consensus mechanism by validating transactions. Validators also enjoy governance responsibilities by staking ONE within the network.
Founding and Development of Harmony
Harmony was founded in 2018 by Stephen Tse, along with co-founders Sahil Dewan, Rongjian Lan, and Nick White. The team brings professional experience from leading tech companies like Google, Amazon, Apple, and Facebook. Harmony's mainnet went live in June 2019, featuring a new Proof of Stake (PoS) consensus model known as Effective Proof of Stake (EPoS).
Investors and Backers
Harmony has received backing from various investors, including Binance Labs and HashKey Capital, who led a $5.5 million node round, as well as through an $18.3 million private round and a $5 million initial exchange offering (IEO) through Binance Launchpad.
In conclusion, Harmony (ONE) stands out as a promising blockchain platform with its focus on scalability, low fees, and EVM compatibility. With its innovative features and strong development team, Harmony aims to be a significant player in the blockchain space, particularly for Ethereum dApp developers and users.
Harmony (ONE) offers high-speed, low-cost transactions, EVM compatibility, and scalability through sharding, making it a competitive alternative to Ethereum.
Harmony (ONE) was founded by Stephen Tse, along with co-founders Sahil Dewan, Rongjian Lan, and Nick White, who bring professional experience from leading tech companies like Google, Amazon, Apple, and Facebook.
Harmony (ONE) has received backing from various investors, including Binance Labs and HashKey Capital, who led a $5.5 million node round, as well as through an $18.3 million private round and a $5 million initial exchange offering (IEO) through Binance Launchpad.
You can buy Harmony (ONE) on Binance, Bitget, MEXC, BybitGate.io cryptocurrency exchanges.
Join
OGAudit
