Wrapped Harmony

Wrapped Harmony
WONE
#9437
$0.01 USD
2.37% (1d)Market cap | $1.47M |
Volume (24h) | $1.74K |
FDV | $2.48M |
Vol/Mkt Cap (24h) | 0.12% |
Total supply | $144.48M |
Max supply | $244.26M |
Circulating supply | $144.48M |
Infomation
Website |
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(-0.92%)$0.01
$0.01
(4.90%)$0.012
W-ONE is "wrapped Harmony ONE", a HRC-20 fungible token minted on Harmony. 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.
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