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.
Where is Harmony available for purchase?
You can exchange ONE tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Harmony is HTX, notably the ONE/USDT pair, which saw a trading volume of $ 6,49 MLN. in the past day. Additionally, Binance and MEXC are popular alternatives for trading tokens.
What is the highest value Harmony (ONE) has ever reached?
Harmony (ONE) reached its peak price at 0.379 $ on 26 October 2021, approximately 4 years ago ago. Presently, the current price is -97.14% lower than this all-time high.
What is the historical minimum price for Harmony (ONE)?
The minimum price reached for Harmony (ONE) was 0.001273 $, documented on 13 March 2020, more than 5 years ago. In comparison, the current price is 751.01%, it above this historical low.
What is the fully diluted valuation of Harmony (ONE)?
The fully diluted valuation (FDV) of Harmony (ONE) stands at $ 174,72 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of ONE tokens. The realization of this FDV might take several years depending on the emission schedule of ONE tokens.