One Token ONE

1. Summary

Ranks

Liquidity

41

Developer

-

Social

23

Momentum (beta)

0

Stack Rank™

-

Price

$0.06 0.0%

Market Cap

$31,292.00 (#9246)

Supply

531,559.00 / 531,559.00

Tags

BNB Chain Ecosystem

More Metrics

Price
52W High price	$0.30
52W High date	19th Jun 2024 (11 months ago)
All Time High (ATH) Date	19th Jun 2024 (11 months ago)
ATH Price	$0.31
% From ATH	-76.64%
All Time Low (ATL) Date	21st Jan 2025 (4 months ago)
ATL Price	$0.07
% From ATL	2.79%

Supply & Trading Volume
Trading Volume (24h)	$154.00
Total Supply	531,559.00
Max Supply	1.00M
Circulating Supply	531,559.00

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Description

Harmony (ONE) is a decentralized, open-source blockchain platform designed to provide scalability, interoperability, and security for decentralized applications (dApps) and other projects. The native token, ONE, plays a critical role in the ecosystem, facilitating various use cases.

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Harmony (ONE) is a decentralized, open-source blockchain platform designed to provide scalability, interoperability, and security for decentralized applications (dApps) and other projects. The native token, ONE, plays a critical role in the ecosystem, facilitating various use cases.

Key Features of Harmony

1. Scalability and Interoperability: Harmony employs a sharding mechanism to divide the blockchain into smaller, parallel shards. This approach enhances scalability and interoperability by allowing cross-shard transactions and improving overall network efficiency.

2. Consensus Mechanism: Harmony uses a modified Proof-of-Stake (EPoS) consensus mechanism to ensure security and prevent centralization. This mechanism involves delegation, double-sign slashing, and unavailability checks to maintain network integrity.

3. Token Usage: ONE tokens are used for various purposes within the network. These include:

   • Fees and Transactions: ONE is used to pay for services, operations, and storage on the network.
   • Governance: ONE holders can participate in network governance through voting, ensuring their voices are heard in decision-making processes.
   • Staking: ONE tokens are required for staking, which rewards users with tokens for validating transactions and securing the network.

4. Staking and Rewards: The staking mechanism on Harmony is designed to be accessible, with a minimum stake of 10,000 ONE tokens for validators and 1,000 ONE tokens for delegators. Rewards are based on the percentage of tokens staked and are subject to unlocking periods.

5. Security and Decentralization: Harmony incorporates measures to prevent bad actors and ensure decentralization. Nodes that engage in malicious activities are penalized through double slashing, and the network is designed to prevent centralization by using cryptographic functions and verifiable delay functions.

6. Ecosystem and Partnerships: Harmony has formed strategic partnerships with notable projects like Animoca, Chainlink, Binance, and Matic to support its growth and maturity. The platform also focuses on enabling a decentralized finance (DeFi) ecosystem with low fees and high speed.

7. Token Information: The total supply of ONE tokens is approximately 13.3 billion, with around 11.4 billion in circulation. Additionally, 441 million new tokens are minted annually as part of the network's economic model.

Overall, Harmony (ONE) offers a comprehensive platform for scalable and interoperable decentralized applications, ensuring a robust and secure environment for developers and users alike.

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