Harmony ONE
Report IssueHarmony is an open and fast blockchain. Our mainnet runs Ethereum applications with 2-second transaction completion times and 100x lower fees.
Details
Binance 
ByBit 
Gate 
Score
Sentiment
Bullish 
Fundraising Statistics
$0.03 +1.91%
$0.003175
ONEHarmony
USDCUSD Coin
Distribution per winning ticket: 300 USD (94,488.18 ONE);
Hard Cap: 5,000,000 USD.
Short Review Harmony
Crypto project Harmony (ONE) is classified as a Blockchain. Harmony is a Utility token that is hosted on the Harmony Network. The current total supply is 13.16 B ONE (Circulating Supply + Tokens yet to be released - Burned Tokens). (20% of total tokens) have been allocated for the public sale. The level of social activity of the Harmony project is assessed as High.
Harmony ICO Overview
Public sale of tokens will take place on the Binance Launchpad. Estimated date for the public token sale: 27 May 2019. Harmony (ONE) price during the token sale: 0.003175 USD. You can purchase project tokens for BNB
ONE Price Chart
The launch of ONE token trading took place on 1 June 2019.
Fundraising Rounds
Total sold 4.40 B ONE tokens (0.35% of total tokens). Total amount of funds raised by the Harmony project is $23.35 M.
| Investment Round | Date | Price | Funds Raised |
| Public Sale | May 26, 2019 | $0.003175 | $5.00 M |
| Seed | May 2018 | $0.0065 | $18.35 M |
Harmony Investors
Binance Tier 1
Lemniscap Tier 2Cryptocurrency Harmony (ONE)
Harmony is fast and secure blockchain with key innovations in distribution and peer-to-peer networks. Harmony aims to help businesses create marketplaces with fungible tokens. Harmony uses a zero-knowledge proof protocol to simultaneously share data and protect customer privacy. The problems that Harmony needs to solve are common to the entire blockchain industry, primarily scalability. Harmony aims to be the first scalable proof-of-stake production network.
Harmony has an internal token, ONE, which can be used for payments and as fuel to create transactions in the Harmony ecosystem. ONE cryptocurrency incentivizes and rewards many participants, including developers, validators, investors and community members who protect and govern the network. Harmony's scalability method is sharding, a way of dividing the network into several parts called shards. Partitioning significantly increases throughput, which increases linearly with network size. The implementation of division into distributed registries allows you to combine high performance and decentralization. Harmony is not the first public blockchain to implement the sharding method, but it does offer innovative improvements to the technology.
Harmony Project History
The project team consists of highly qualified industry professionals. Many of them have authority in the technical and scientific community, but at this stage are not widely known personalities in the crypto industry. One of the most prominent members of the team is Steven Tse, an experienced engineer and programmer with a PhD in security protocols and compiler verification. He has worked at Microsoft Research, Google and Apple. He founded the mobile search engine Spotsetter. Nicholas Berti is the founder of a VR startup with a Master's degree in Computational Photography and a Bachelor's degree in Mathematics and Computer Science. Alok Kothari is a deep learning specialist who worked on language recognition systems for Siri at Apple. The team includes a large number of talented and experienced developers.
Harmony is well known for its successful token sale on Binance Launchpad, which was held as a lottery in May 2019. This was the fifth IEO project on Binance Launchpad and second token sale organized according to the new lottery rules.
Harmony (ONE) Advantages
- Full scalability. Harmony protects not only network communications and transaction verification, but also the state of the blockchain. This makes Harmony a fully scalable blockchain.
- Secure sharding. Harmony's sharding process is guaranteed to be secure thanks to its distributed random generation (DRG) process.
- Consistent transactionsHarmony supports cross-shard transactions where shards communicate directly with each other. The connection between shards allows for improved scalability of the entire network.
- Improved consensus mechanism. Harmony consensus is called FBFT (Fast Byzantine Resiliency). This consensus is an improvement on PBFT and is specifically aimed at speeding up the process. The basic principles of their operation are similar: both consensus types have a leader node and a validator node. The leader transmits data and validators agree on the correctness of the data, but FBFT uses multi-signatures to speed up verification. Harmony Consensus validators are selected based on proof of participation - PoS provides additional network security.
- Decentralization. Sharding divides the blockchain data store into parts, each containing a subset of the blockchain states, making the network Harmony is more decentralized.
Disadvantages of Harmony (ONE)
- Centralized distribution of coins. As is known 22.4% of coins were sold to large investors, only 12.5% were distributed during the IEO. The remaining amount is distributed between the team and the project development funds.
- High competition. The main competitors include blockchain platforms that use paging technology: Zilliqa, QuarkChain< /a>, Ethereum 2.0. Unfortunately, the project documents do not provide a comprehensive comparison of the project with its competitors. Therefore, finding its competitiveness is quite difficult.
- Risks associated with the introduction of a large number of new technological solutions. A large number of innovations in a project creates potential for its growth, but also increases risks. li>
