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.
$0.02047 – $0.02128
52 Week Range
$0.00976 – $0.17656
All Time High
% down from ATH
Days since ATH
30 May 2022
The Enders Gate Gen 0 Card Pack Mint Starts in 1 Hour!
Check out the Enders Gate community on Discord - hang out with 7,603 other members and enjoy free voice and text chat.
28 May 2022
Crypto.com Supports Harmony’s Mainnet Upgrade and Hard Fork
Temporary suspension of ONE transfers on 27 May 2022
24 May 2022
Brick Buidler Summer Internship. - Am I being Scammed?
Hey everybody, Kenny been around Harmony for a while, building a better approach to native staking through a Metaverse UI on gather.town. Okay enough about Me. A little while ago I was sitting in the office when I was …
22 May 2022
DeArt Gallery just submitted their Grant Proposal in the Harmony Forum!
Name of Project DeArt Gallery Application type Product Launch Proposal overview DeArt Gallery is an NFT Studio aiming to enhance Harmony’s Blockchain NFT space. Utilizing technology and software applications to c…