One cross-chain project that's been gaining a lot of hype recently is Harmony (native token: ONE). This article will discuss, "How Much Is Harmony ONE Circulating Supply? What Is ONE?" Let's get started.
What is Harmony (ONE)?
A decentralized blockchain-based platform called Harmony (ONE) provides capabilities and tools for developing, hosting, running, and using Dapps with the maximum possible scalability and interoperability. Because Harmony runs on Ethereum, the project provides solutions to overcome Ethereum's present restriction.
The ultimate goal of the blockchain project is to provide a self-sustaining ecosystem where users can use the tools to create markets for fungible and non-fungible tokens while gaining from sharding's benefits of interoperability and scalability. With future updates that should go live by the end of 2021, Harmony plans to become one of the main contributors to the decentralized finance space.
As Harmony's block generation time is less than a second, it enables almost instant transactions and can process more transitions per second than Ethereum or similar networks.
What Is ONE?
Harmony uses its own community token called Harmony ONE, similar to many other Layer 2 platforms. Its name highlights Harmony's aim of supporting global open consensus mechanisms for billions of people.
The Harmony One token covers all costs involved with using the network, including voting, transaction fees, gas fees, staking, and receiving rewards.
The Harmony One token ran on a dynamic inflation schedule up to March 2020. This was later changed to a fixed annual inflation rate.
How Much Is Harmony ONE Circulating Supply?
At the time of writing, 22th Feb 2023, it has a circulating supply of 13,099,099,974 ONE coins.
How Much Is Harmony ONE Circulating Supply? What Is ONE? - Hopefully, this article can help you to get some knowledge.
