Harmony Profile (ONE)
Project Safety Score
Fri, Mar 29, 2024 12:00 AM
| Market Cap | $158,787,237.1 | |
| Market Dominance | 0.0134 | |
| 24hr Volume | $9,946,577.67 | |
| Price | $0.0119 |
Harmony
coin
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.
Read more in the whitepaper:- Scaling
- Platform
- Protocol
- Binance Launchpad
- Harmony Ecosystem
- Enterprise Solutions
- Smart Contract Platform
- no technologies
- Smart Contracts
/5
Captain Caveman 2 years ago
Leo 2 years ago
Elon Musk 3 years ago
Elon Musk 3 years ago
88%
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adds30s 7 months ago