What is Harmony (ONE)?
Harmony (ONE) is a platform blockchain designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate the way decentralized applications work by focusing on decentralized random state, enabling block generation in seconds.
According to the project's website, Harmony It is expected to introduce cross-contracts and cross-chain infrastructure by the end of 2021.
Basic information about ONE . coin
- Ticker: ONE.
- Blockchain: Binance Chain (will then swap to Harmony Blockchain).
- Standard Tokens: BEP2.
- Token type: Utility Token.
- Total Supply: 12,600,000,000 ONE.
- Circulating Supply: 0 ONE Token (the token has not been officially sold, so there is no circulation).
Token Allocation (ONE)
Token Sale (ONE)
Token Release Schedule (ONE)
What's outstanding about Harmony?
Here are some outstanding features of Harmony's Blockchain that you should pay attention to:
- On the Protocol layer, Harmony uses PoS consensus mechanism Based on Sharding Protocol, it can increase the number of nodes on the network. According to the dev team, each sharding has hundreds of nodes, using the BFT algorithm to be able to set consensus in seconds.
- On the Network layer, Harmony uses the QUIC protocol for faster information transmission.
- At this early stage, the dev team is focusing on building Harmony which is a Blockchain for both Fungible Tokens (Energy Credits, Security Offerings) and NFT Tokens (non-fungible Tokens - collectible cards in games, real estate, ..)
What is Harmony used for?
As I mentioned above, at the time of writing the article (May 12, 2019), Harmony has not released an official Whitepaper for the project.
The project has just released a Technical Paper, so the information about the project's token is quite limited.
Me and the team T-REX Will update this information as soon as the official announcement.
Here are the uses of Harmony Token:
- ONE Token is used to stake and become Validators in the Blockchain network.
- Validators will receive a reward from their contributions of ONE Token.
- ONE Token is used to pay fees in the network, including transaction fees, gas fees, and storage fees.
- ONE Token is used to vote for Governances. Without ONE Token, the protocol will not work.
About IEO Harmony on Binance Launchpad
- How to buy Lottery based on quantity BNB Hold of the participant.
- Amount BNB Hold is averaged over 7 days.Starting from 6:59:59 on May 20, 2019 (GMT+7 - Vietnam Time). Snapshot at 6:59:59 daily. Refer to the calculation in the table below.
Token sale in Binance Launchpad
- Launchpad Session Time: May 27, 2019 13:00 (GMT +7) to May 29, 2019 15:00 (GMT +7)
- The starting time to calculate the amount of BNB Hold is 6:59:59 (GMT+7) on May 20, 2019.
- Token: ONE
- Hard Cap: $ 5,000,000
- Total Token Supply: 12,600,000,000 ONE
- Token Sale in Launchpad: 1,575,000,000 ONE (accounting for 12.5% total supply)
- Accept payment by: BNB
- IEO selling price: 1 ONE = $ 0.003175 USD (The price of BNB will be announced by Binane on the day of sale)
- Form of sale: Lottery (lottery ticket)
- Total number of winning tickets: 16,666
- Allocation for each ticket: $ 300 USD (94,488.18 ONE)
Harmony Timeline - Binance Launchpad
ONE Token transaction fee
Some basic fees when you trade Harmony Token:
- Trading fees on exchanges.
- Deposit withdrawal fee (if any) is collected by the exchange.
- The fee for transferring tokens in the Blockchain network is collected by Harmony. Details of this fee will be updated when there is information from the dev team.
How to earn and own Harmony (ONE)
At this time (May 12, 2019), you can own Harmony Token by buying directly on Binance Launchpad.
If you do not buy to join Binance Launchpad, you can wait for it to be listed and then buy, or participate in Harmony's Airdrop and Bounty programs.
How is digging Harmony (ONE)?
But you can become Validators and receive rewards as Harmony Tokens.
Harmony Exchange (ONE)
Currently (May 12, 2019), Harmony has not been officially traded on any exchanges.
After completing the IEO, Binance will likely be the first exchange for Harmony Token trading.
Recently, Binance launched Binance exchange DEX, it is also possible that Binance will allow trading on this exchange first.
The Future of Harmony (ONE)
We can see that Harmony's dev team is very ambitious. When they set out to create a Blockchain platform with 10 million transactions per second, enough power and infrastructure to serve 10 billion people, with 100 billion devices in the future.
Harmony Token's buying demand will increase as their Blockchain network expands and attracts more and more dApps on its platform.
Should invest in Harmony (ONE)
Harmony was selected by Binance to join Binance Launchpad.
This gives investors some peace of mind about the quality of the project.
As an IEO project, you can choose to participate at the IEO stage.
For those of you who do not want to invest from IEO, but want to wait for the token to go on the floor, the price is stable and then you can invest, you can learn more about the key points about this token:
- Harmony is Blockchain platform, with consensus mechanism Proof of Stake.
- According to the roadmap, Harmony will Mainnet and start for users to apply for Validators to become Nodes in Q2 2019.
- Harmony's goal is to become the Blockchain platform for data sharing dApps, Supply Chain, NFT Tokens in the Game,..
Update project information
To learn more about the project, you can refer to the information at Whitepaper Harmony.
In addition, you can follow the main information channels of Harmony:
- Telegram Vietnam channel specializes in discussions https://t.me/Harmony_Vietnam
- Telegram channel specializing in announcing news about the project (English): https://t.me/harmony_announcements
- Medium: https://medium.com/harmony-one
- Facebook (English): https://www.facebook.com/harmonyoneprotocol/
- Twitter: https://twitter.com/harmonyprotocol