Harmony

Harmony

ONE #1208
B 57% L1 Protocol Watch

Project Safety Score: 57%

Updated 3 hours, 18 minutes ago
HarmonyONE
Market Cap$10220675
24hr Volume$2023016
24hr Change-5.4%
Price$0.000687332466635655
Coverage: 5 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: L1 / Protocol Coin - scored on network security, adoption, dev health, economic design, governance
Track
Record
91 AA
100% · medium
Developer
Health
57 B
100% · medium
Network
Security
51 CCC
100% · medium
Social
Behavioral
56 B
80% · low
Adoption
& Liquidity
31 C
100% · high

Community Rating

No votes yet
💩 Shitcoin
⚠️ Risky
🤷 Mid
Solid
Amazing

Log in or register to vote.

ONE Harmony Details
Type
Layer 1 (L1)
Launched
2019
HQ
Mountain View, CA, USA
Team
Doxxed
Smart Contract PlatformLayer 1 (L1)Harmony EcosystemAnimoca Brands PortfolioBinance LaunchpadYZi Labs (Prev. Binance Labs) PortfolioMade in USA

Harmony is a decentralized network that operates using its native protocol token, Harmony ONE. This token incentivizes various participants, including developers, validators, stakers, and community members, who contribute to the network's development, security, and governance. Users incur transaction fees paid in Harmony ONE when utilizing the network's services.

The protocol aims to provide scalability and high throughput, allowing for payments and participation through its native token. Harmony facilitates the creation of marketplaces for both fungible and non-fungible tokens and assets. Its governance and staking mechanisms enable users to earn rewards and vote on protocol decisions. Future plans include incorporating zero-knowledge proofs to enhance data sharing capabilities among users.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Track record score 90 out of 100.
Harmony has an impressive track record, maintaining a live presence for 7.3 years with no regulatory actions reported. While there is one historical incident, the overall clean history indicates a well-managed project. This strong performance contributes positively to its overall safety profile.


Economic design score 75 out of 100.
The economic design of Harmony shows a solid foundation, with all of its total supply currently in circulation. However, the absence of a hard supply cap raises concerns about potential inflation. This aspect could influence the long-term value stability of the asset, yet the current circulation ratio is a positive sign.


Developer health score 35 out of 100.
Harmony’s developer health is a concern, marked by low activity levels. Recent GitHub activity shows zero commits in the last four weeks, indicating a slowdown in development efforts. Although it has a substantial number of forks and contributors, the lack of recent commits may suggest potential stagnation in technical progress.


Network security score 52 out of 100.
Network security for Harmony reflects a mixed outlook with a low economic security score due to a market cap of just over $33 million. While the chain has been operating for over 7.3 years and has recorded one historical incident, the low economic security could pose risks to the network's robustness.


Social behavioral score 64 out of 100.
Harmony's social behavior indicates a decent level of engagement, with a mostly favorable sentiment and several verified social media accounts. While the audience data is limited for some platforms, the overall sentiment is positive, supporting a good perception in the community despite a flag for a historical hack incident.


Adoption liquidity score 34 out of 100.
The adoption liquidity score highlights some challenges for Harmony, with a relatively low daily trading volume and no market cap tiering. Although it benefits from 32 centralized exchange listings, including 18 trusted ones, the overall liquidity remains an area of concern that could affect its market stability.


Investing in Harmony comes with inherent risks typical of the crypto space. It faces challenges related to its developer activity, economic design, and security metrics, which investors should consider. While the project has a strong track record and a positive community sentiment, potential investors should proceed with caution, keeping these factors in mind when evaluating the asset.

  • Stephen Tse - CEO LinkedIn ↗
    Prior: Google, Microsoft
    Stephen Tse has a background in software engineering and has previously worked at Google and Microsoft.
  • CertiK 2021-06-15 pass report ↗
    The audit found no critical vulnerabilities in Harmony's codebase.
View whitepaper ↗ (2019)
Quality: high
Max supply: 13325000000
Team allocation: 20.0%
Investors: 10.0%
Public: 70.0%
Next unlock: 2026-05-03
Vesting complete
  • hack 2023-04-21 · $3300000
    The Horizon Bridge hack resulted in the depegging of assets worth approximately $3.3 million, with ongoing recovery efforts.
  • Strong backing from reputable investors like Binance Labs and Animoca Brands.
  • High-quality whitepaper detailing technical aspects of the project.
  • Active and engaged community across multiple social media platforms.
  • Low economic security
  • Majority of recent sentiment is negative
  • No hard cap on total token supply
  • Recent security incidents affecting the Horizon Bridge.

Price Chart - Harmony

View on Chain

Discussion
0 comments
Log in or register to join the discussion.

No comments yet. Be the first to share your take.

100%
Profile Status
Data completeness
No missing data
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$0.38
All-Time Low$0.0006
Circulating14870211426
Total Supply14870212770

Recent News

Harmony Proposes Shutting Down Layer-1, Migrating ONE Token to Ethereum

general 1 source 1 day, 11 hours ago

Harmony sets Sept. 10 deadline for ONE holders to exit DeFi

general 1 source 1 day, 12 hours ago

Harmony Shuts Down Layer-1 Chain: ONE Crypto Moving to ETH

general 1 source 1 day, 14 hours ago

Harmony Cites AI Threats in Proposed Blockchain Shutdown

general 2 sources 1 day, 14 hours ago

Harmony wants to kill its own blockchain and turn ONE into an AI video token

general 1 source 1 day, 22 hours ago

Korbit to Cover Harmony Token Shortfall After Security Incident

general 1 source 1 week, 3 days ago

Cryptohack Roundup: Harmony's Post-Exploit Blockchain Rollback

hack 1 source 2 weeks, 5 days ago

Harmony Will Delete Nearly a Week of Its Own Chain History

hack 4 sources 3 weeks, 1 day ago

Harmony Protocol rolls back blockchain after at...

general 2 sources 3 weeks, 1 day ago

Harmony to Roll Back Blockchain to Pre-Attack State After Counterfeit ONE Minting Exploit

hack 1 source 3 weeks, 1 day ago
Posts from the harmony_one
community on Reddit

@harmonyprotocol

Follow @harmonyprotocol

Developer Activity

GitHub stars⭐ 1447
Forks286
Watchers84
Commits (4 weeks)20
PRs merged3109
View on GitHub →

Harmony GitHub