Harmony ONE Coin | Price Prediction and details

Harmony One Coin

You've probably heard the tale about the turtle and the rabbit. Because of its consistent efforts, a turtle wins the race. The Harmony ONE coin is one such turtle in the blockchain race.

It has risen steadily into the top 65 coins by market capitalization, indicating a consistent increase in value. It was also one of the best performers this year.


Proficiency Post is delighted to welcome you. In today's article, I'll give you an in-depth analysis of Harmony ONE Coin, including its benefits and downsides, as well as a price prediction.


Let's get started with the article's main points:


  1. What is a Harmony coin
  2. What is the Mechanism of Harmony
  3. Staking Harmony One coins
  4.  Harmony IEO 
  5.  Advantages and Disadvantages of Harmony One tokens
  6. Price prediction of Harmony One coin 

Harmony is a safe, decentralized Blockchain that was designed to solve two key blockchain problems: scalability and decentralization without compromising your security and privacy.


Harmony One was founded in 2018 by Stephen Tse, who also happens to be a Google Maps core team member.


He founded a new company after leaving Google, sold it to Apple, and then worked for Apple for a long period before entering the blockchain race.


Harmony has an interesting fact to share. It is not forked in any way, which implies that nothing you see on Harmony, including the code being written on Harmony, has been taken from another blockchain. This can tell you how strong Harmony One's technical side is.


The Harmony blockchain's native currency is the Harmony One coin. You have a token for the Solana blockchain, just like you do. Harmony serves the same goal. 


As a result, Harmony fulfills three important functions. 

  • The first is network governance
  • The second option is to pay the network fee
  • The third one is to stake 

Harmony One has a total supply of 13 billion tokens and was launched as an initial exchange offering IEO  on Binance.


Then there's the question of how the Harmony blockchain works. As a result, Harmony uses the Electronic Point of Sale (EPOS) consensus process, which is an Effective Proof of Stake consensus mechanism that employs Sharding.


Harmony One coin uses sharding to achieve faster consensus, allowing it to confirm a block in under two seconds. That is one of the quickest blockchains ever built.

Sharding chart


Harmony is also the first Sharding blockchain able of Staking, which may be of interest to you. Harmony divides a set of thousand nodes into four shards in order to make the network work, with each Shard containing a total of 250 nodes.


Now, any task can be given to any shard in the system at random. Because no preference is given to any single shard. This contributes to the network's security.


This process is driven by the FBFT algorithm, which stands for Fast Byzantine Fault Tolerance algorithm.


Then, I'll go over staking briefly. I'll show you the screen and explain what staking involves. What are the requirements for staking your coins on the Harmony One blockchain?


So, here's the overview. To assist users with Staking coins on Harmony's network, it provides a list of staking partners. Among the comprehensive list of Staking partners, Binance exchange and BitMax are included.


Now I'll discuss how to stake Harmony One Coin. If you stake Harmony One coin, you can expect an annual return of 10%, which is an estimate. It may vary over time.


 In order to become a validator, a user must stake a minimum of 100 tokens on this blockchain. A set of 10,000 ONE tokens is required for a validator.


Finally, the minimum PC specifications are 2 GB RAM and 32 GB ROM, which I expect to increase as the network grows in popularity. This completes the staking of Harmony One.


Now I'll discuss the Harmony One IEO, or Initial Exchange Offering. In May 2021, Harmony launched an IEO public sale for Harmony One coin.


It offered a total of 1.5 billion Harmony tokens. The price of one token is $0.00317 USD. Prior to the public sale, Harmony had a private sale in which it sold tokens for $0.0067 USD each.


Harmony is now the only blockchain whose public sale is cheaper than its private sale. During the IEO, the coins as ERC20 and BEP2 tokens were available.


ERC20 tokens are based on Ethereum, while BEP2 tokens are based on Binance. ERC20 tokens are those created on the Ethereum blockchain, whereas BEP2 tokens are those created on the Binance smart chain.


Harmony now has its own blockchain, and these coins are converted into HRC20 tokens, which are then changed back into Harmony tokens.


Now benefits of the Harmony One blockchain. Harmony One's number one benefit is a highly skilled team. Harmony is not forked at all, which means the developers built it from the scratch using their own brains and code.


Harmony is also the first Sharding blockchain to effectively implement staking on its network. Before Harmony, no other blockchain had been able to master it. That shows the expertise of the Harmony One team.


Interoperability is the next advantage. The Harmony One blockchain is on schedule to release its interoperability functionality with famous blockchains such as Bitcoin, Ethereum, Polkadot, Solana, and others.


They will be among the strong competitors for interoperability if they can complete it on time. The third benefit is the ability to store value. Harmony One is a single coin a real store of value?


It increased by more than 20X in 2021, making it an extremely attractive coin to buy and hold for the long term.


Now you know a little bit about the Harmony One coin's advantages. Let's discuss the Drawbacks. As I usually say, if there are advantages, there will be disadvantages, and every blockchain has at least one drawback.


The most major drawback is its blurry vision. Harmony appears to be able to do everything while focusing on nothing. It wants to be interoperable, secure, and quick, but there is no clear direction in which the team is heading.


They don't have a specific roadmap or milestone in mind, which makes the project's vision a little unclear. The next drawback is definitely a low adoption rate.


Harmony was unable to onboard a significant number of projects onto its blockchain. Its ecosystem is still in its development and requires a lot of work. After that, let's go on. This is often accompanied by a lack of or bad public relations activity.


Harmony One used a head down, get to work strategy that worked well on the technical side of things but failed to attract investors and more dApps or developers to create apps on its network. Unless they can effectively advertise themselves.


The scope of the Harmony One coin is limited. So those are a few of the benefits and drawbacks.


Now I'll get to the most interesting part, which is the Price Prediction of the Harmony One token. As I previously stated, Harmony is a blockchain that is a turtle among rabbits. 

There are projects that are ahead of the pack, but Harmony's consistent efforts, head down and work ethic have allowed the coin to be very strong on the technological front.


Although it isn't doing much better in terms of marketing, that is not being worried about. Harmony can get on board a big project at any point and change the entire game.


It was trading in the $0.30 to $0.40 area at the time of writing, and considering the project's strength, the scope of adoption rate, and the potential to onboard big projects. 

I wouldn't be surprised if the price projection of Harmony One coin changed greatly. As a result, Harmony could be valued at the $1 to $2 level in the coming bull run. This project gives me a lot of optimism.


There will be no stopping Harmony one token's growth once the project is able to onboard big-ticket clients. 

I'm holding off on making a prediction until then. If you're a Harmony One coin investor, please let me know by comments what you think the coin will do in the future.


That ends my review of the Harmony One token. I hope you found it interesting.

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