CryptoCurrencies
10724
Exchanges
500
Total Market Cap
2,759,624,531,043
Volume 24h
230,483,369,480
Dominance
BTC 50.28%   ETH 15.56%   USDT 3.79%   BNB 3.25%

Harmony
ONE

0.03142
$
5.14 %
Change 24h
Market Cap
$ 387,144,088
Volume 24h
$ 23,564,672
Circulating Supply
12,305,426,115
Total Supply
13,156,044,840
ONE
$
# Exchange Pair Price Volume 24h

Description

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.