Is Harmony (ONE) built on the Ethereum network?

To start with, ONE was issued as an ERC-20 and BEP-2 token, but it has now moved to its own blockchain.

What is the purpose of the ONE token?

ONE is needed for transaction fees, staking, voting and paying for storage on Harmony.

How quickly do Harmony transactions take place?

Using FBFT consensus and sharding, Harmony is able to confirm transactions in less than 2 seconds.

Is Harmony a safe platform?

Yes. It relies on Effective Proof-of-Stake (EPoS), Verifiable Random Function (VRF) and Distributed Randomness Generation to make the network more secure.

Is it possible to earn rewards using Harmony?

Yes. You are able to earn block rewards by staking ONE as a validator or delegator.

What is the Horizon Bridge?

With Horizon, you can move your assets between Harmony, Ethereum and Binance Smart Chain.

Is Harmony a good fit for NFTs?

Absolutely. Because fees are low and transactions are fast, it is perfect for buying and selling NFTs.

Which exchanges sell Harmony (ONE)?

ONE is available for purchase on exchanges such as Binance, KuCoin and Kraken.

How much of the total ONE tokens have been created?

By May 2025, there will be approximately 15 billion ONE available and the dynamic inflation is balanced by fees.

What sets Harmony apart from the rest of the blockchain world?

Thanks to deep sharding, FBFT, Ethereum compatibility and EPoS, Harmony provides a highly scalable and decentralized blockchain solution.

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Harmony (ONE) is a blockchain platform that is both energy-efficient and scalable, helping to build a decentralized economy by making it easy to create and use DApps. Harmony aims to solve the problems of Ethereum and other older blockchains by supporting interoperability, charging low fees and processing transactions in under two seconds. Thanks to sharding, a unique consensus model and compatibility with Ethereum, Harmony is ready to support the future of DeFi, NFTs and cross-chain applications.

How Does Harmony Work?

Harmony shards the network using random state, allowing various shards to work on transactions and smart contracts at the same time. It leads to faster data transfer and less delay. Every shard works on its own data, avoiding the slowdowns that affect traditional blockchains.

The platform is powered by Effective Proof-of-Stake (EPoS) which ensures fairness in choosing validators, allows people to delegate, punishes those who misbehave and rewards those who help the network. Harmony’s modified Fast Byzantine Fault Tolerance (FBFT) protocol helps over 250 validators reach agreement in less than two seconds by using aggregate signatures.

Harmony Token and Other Cryptocurrencies

ONE is Harmony’s native utility token and plays a central role in its ecosystem. It is used to:

Pay for transaction and storage fees
Stake and secure the network
Get involved in the governance of the blockchain.

Unlike most Layer-1 tokens, ONE is designed to handle many functions, process high transactions and charge low fees, making it rival Solana, Avalanche and Polygon.

Technology Behind Harmony Token

Harmony integrates multiple groundbreaking technologies:

Sharding: Divides the blockchain into several small shards that can be processed at the same time.
EPoS: Promotes decentralization while rewarding honest participation.
FBFT: Allows rapid consensus with low communication overhead.
Verifiable Random Function (VRF): Randomly selects nodes, enhancing both security and efficiency.
Cross-Shard Communication: Ensures that data is the same on all shards.
Ethereum Compatibility: Supports Solidity smart contracts and EVM-based apps, so developers can move their applications easily.

Harmony also uses the Horizon Bridge to allow easy transfers of assets between Harmony, Ethereum and Binance Smart Chain.

Should You Invest in Harmony?

As of May 2025, Harmony (ONE) is trading at $0.0155, which is a 36% decline from last year and an 11% rise in the last month.

For Harmony to thrive over the long run, DApps and DeFi services have to be used more widely, the network must see more participation, and regulations should become clearer. Because of its powerful technology and real-world use, it could be a good long-term investment for people who can tolerate high risks.

Legal and Regulatory Consideration (2025)

Harmony follows the rules of global cryptocurrency standards, but, like other blockchain projects, it has to keep up with fast-changing regulations. While there haven’t been any major legal issues so far, new rules could affect how the network is operated and how investors feel about it.

Buying and Trading Harmony

It is easy to buy and trade Harmony (ONE).

Choose an Exchange: Reputable platforms include Binance, KuCoin, Kraken, and Uphold.
Register and Verify: Complete KYC/AML requirements.
You can fund your account using fiat money (USD, EUR) or cryptocurrencies (BTC, ETH).
Buy ONE: Execute a market or limit order.
Withdraw to Wallet: Move your assets to a secure wallet for long-term holding.

Bitcoin Wallets and Security (Applicable to ONE)

To securely store ONE tokens, you can use the same wallet technologies trusted for Bitcoin:

Hardware Wallets: Trezor, Ledger – best for long-term storage.
Software Wallets: MetaMask, Trust Wallet – convenient but less secure.
Web Wallets: Accessible and user-friendly but generally more vulnerable.

The best wallet depends on your security needs, technical proficiency, and trading frequency.

How to Secure Your Harmony Holdings

To safeguard your ONE tokens:

Use a hardware wallet for offline storage.
Enable two-factor authentication (2FA) on your exchange and wallet apps.
Keep software updated to avoid vulnerabilities.
Back up your seed phrases in a secure offline location.
Avoid phishing scams by only accessing wallets from official websites or apps.

Harmony Adoption and Use Cases

Harmony supports a wide range of decentralized applications and services:

DeFi: Protocols like SushiSwap offer lending, staking, and trading on Harmony
NFTs: Artists mint NFTs due to low gas fees and fast finality.
Gaming: Blockchain-based games leverage Harmony for low-latency interaction.
Cross-Chain dApps: Developers use Harmony’s Horizon bridge for interoperability with Ethereum and BSC.

With continuous developer support via Harmony Grants, the network continues to expand its ecosystem.

Harmony Future Outlook & Growth Potential

Cross-shard messaging, stronger compatibility with Ethereum and a larger budget for the ecosystem are the main points in Harmony’s roadmap. If the upgrades are implemented well, they could encourage more people to use the token and increase its price.

2025 Price Predictions:

Low estimate: $0.0130
Average estimate: $0.0166
High estimate (optimistic): $0.3606

Growth depends on increased DApp development, ecosystem funding, and overall blockchain adoption.

Pros and Cons of Investing in Harmony

Pros:

Scalable architecture using sharding
Near-instant finality and low transaction costs
Ethereum-compatible and cross-chain capabilities
Active ecosystem and developer incentives

Cons:

Intense competition from Solana, Avalanche, etc.
Regulatory uncertainty
Past volatility and speculative pricing

Final Thoughts

ONE makes it possible to develop DApps that are scalable, inexpensive and work with other blockchains. Thanks to its technical strengths, lively development team and increasing role in DeFi and NFTs, Harmony is likely to remain relevant for a long time. Still, just like with other cryptocurrencies, it is necessary to do your research and be aware of how the market can change and what rules apply. Harmony offers exciting chances and significant risks for developers, investors and enthusiasts in the blockchain industry.