Harmony
ONE #1208Project Safety Score: 57%
Updated 3 hours, 18 minutes agoRecord
Health
Security
Behavioral
& Liquidity
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.
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Prior: Google, MicrosoftStephen Tse has a background in software engineering and has previously worked at Google and Microsoft.
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The audit found no critical vulnerabilities in Harmony's codebase.
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hack 2023-04-21 · $3300000The Horizon Bridge hack resulted in the depegging of assets worth approximately $3.3 million, with ongoing recovery efforts. ↗
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Messari · 2023-04-21
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Colossus Digital · 2022-07-15
- ✓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
Harmony Exchanges
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Technical Analysis
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Recent News
Harmony Proposes Shutting Down Layer-1, Migrating ONE Token to Ethereum
Harmony sets Sept. 10 deadline for ONE holders to exit DeFi
Harmony Shuts Down Layer-1 Chain: ONE Crypto Moving to ETH
Harmony Cites AI Threats in Proposed Blockchain Shutdown
Harmony wants to kill its own blockchain and turn ONE into an AI video token
Korbit to Cover Harmony Token Shortfall After Security Incident
Cryptohack Roundup: Harmony's Post-Exploit Blockchain Rollback
Harmony Will Delete Nearly a Week of Its Own Chain History
Harmony Protocol rolls back blockchain after at...
Harmony to Roll Back Blockchain to Pre-Attack State After Counterfeit ONE Minting Exploit
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