What is Harmony?

Harmony is a next-generation blockchain platform designed to address the speed and scalability limitations of traditional blockchains, especially Ethereum. Harmony's main goal is to create a blockchain platform with:

  • Ultra-fast transaction speeds: Harmony can process millions of transactions per second, far exceeding the capabilities of many other blockchains.

  • Low transaction fees: The cost to execute a transaction on Harmony is often significantly lower than on other platforms.

  • High compatibility: Harmony supports Ethereum-compatible smart contracts, making it easy for developers to move their applications to this platform.

What is the ONE token?

ONE is the native token of the Harmony platform, used for:

  • Pay transaction fees: Like tokens on other blockchains, ONE is used to pay for transactions on the network.

  • Participate in governance: ONE holders can participate in decision-making about the platform's future through governance mechanisms.

  • Staking: Users can stake ONE tokens to help secure the network and earn rewards.

Basic information about Harmony

  • Name: Harmony

  • Trading Name: ONE

  • Type: Coin

  • Platform: Harmony

  • Total Supply: 14,476,678,030.26 ONE

ONE Token Allocation:

  • Team: 16.9%

  • Seed Sale: 22.4%

  • Launchpad on Binance: 12.5%

  • Development of the protocol: 26%

  • Development of the ecosystem: 21.8%

ONE Token Allocation

Harmony Ecosystem

The Harmony ecosystem is rapidly developing with the involvement of many projects and communities. Some notable fields include:

  • Decentralized Finance (DeFi): Harmony provides a platform for many DeFi protocols such as lending, exchanging, and other financial derivative products.

  • NFTs and GameFi: Harmony is an attractive platform for NFT and blockchain-based game projects, with low transaction costs and fast speeds.

  • Oracles: Harmony integrates oracles to provide real-world data into smart contracts, expanding the application capabilities of the blockchain.

  • Enterprise solutions: Harmony is being used by some businesses to build their own blockchain applications.

Who created Harmony (ONE)?

Harmony was founded in 2017 with the mission of creating a fast, secure, and user-friendly blockchain platform. The project is led by Dr. Stephen Tse, a leading expert in cryptographic protocols. With experience working at top tech companies like Google and Apple, along with a talented team of developers, Harmony is gradually realizing the vision of building a future where people can trade and share information safely and efficiently.

Stephen Tse

Advantages of Harmony (ONE)

  • Fast transaction speeds and low fees: Harmony uses sharding technology and a Proof-of-Stake (PoS) consensus mechanism to increase transaction speeds to thousands of transactions per second (TPS) while minimizing transaction fees.

  • Scalability: Harmony uses a sharding mechanism to divide the network into smaller segments, enhancing transaction processing capability and scaling the network.

  • Interoperability: Harmony is designed to be compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily migrate existing dApps from Ethereum to Harmony. Additionally, Harmony supports bridges to other blockchains, facilitating the transfer of assets and data between networks.

  • Security: Harmony uses PoS consensus with a Byzantine Fault Tolerance (BFT) consensus algorithm to ensure security and protect against attacks.

Disadvantages of Harmony (ONE)

  • Centralization: Although Harmony uses PoS, some argue that the network is still centralized among a small number of validators. This can pose risks of censorship and 51% attacks.

  • Technical complexity: Sharding technology is complex and difficult to implement. Maintaining and upgrading a sharded network requires high technical skills and resources.

  • Competition: Harmony faces fierce competition from other blockchains such as Ethereum, Solana, Avalanche, and Binance Smart Chain. To succeed, Harmony needs to continuously improve technology and expand its ecosystem.

  • Security history: Harmony experienced a security incident in 2022 when one of its bridges was attacked, resulting in millions of dollars in damages. This incident diminished the trust of some users in the platform.

  • Awareness: Compared to major blockchain projects like Ethereum and Binance Smart Chain, Harmony is still relatively new and not widely recognized.

  • Market risks: The value of the ONE token, like other cryptocurrencies, is heavily influenced by market volatility.

Current exchange rate of Harmony (ONE)

$ONE

How to buy and sell Harmony (ONE) on Binance

Below is a detailed guide on the steps you can take to buy and sell Harmony on Binance:

Step 1: Create a Binance account

Access the official Binance website, create an account and complete KYC.

Binance account registration link: https://accounts.binance.com/register?

Step 2: Deposit funds into your Binance account

  • After registering and verifying your account, you need to deposit fiat (e.g., VND, USD,...) into your Binance account.

  • Binance supports various deposit methods such as bank transfer, credit/debit card, or other online payment methods.

Step 3: Buy Harmony (ONE)

  • Find the ONE trading pair: On the Binance trading interface, search for the trading pair you want to buy, e.g., ONE/USDT.

  • For sales, do the same but instead of selecting buy, choose sell.

Conclusion

Harmony (ONE) is not just a blockchain platform; it is also a community of like-minded individuals building a decentralized, transparent, and fair financial future. With continuous innovation and development, Harmony (ONE) is committed to becoming one of the leading blockchains, connecting billions of people worldwide.