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.
Price and Market Statistics
All Time High
Harmony is hiring an experienced Head of Marketing who is passionate about building & growing a global-scale decentralized future w/ HarmonyONE to work with team of exceptionally talented individuals 💙 To Apply on the link
Harmony May 2022 Milestones & Deliverables is here 🙌 Cross shards; Network & endpoints service-level agreement with DefiKingdoms; Trustless ETH bridge testnet launch; Close 3 GameFi projects; HIP 16 release & more #BUIDL