Enabling Decentralization at Scale

Present on Tokocrypto since August 26, 2022 yesterday, Harmony Token (ONE) can now be traded with BIDR on the Tokocrypto platform starting September 11, 2022 at 16:00 WIB.

Harmony is one of the newest projects trying to tackle blockchain scalability issues. Using a “full-stack” approach, Harmony is developing a sharding-based blockchain that is not only scalable but also proven to be secure and energy efficient.

“We are very pleased to welcome Harmony ONE to the Tokocrypto platform. With this, the more DeFi projects in Tokocrypto, the more people will be able to access various financial services that were previously difficult to obtain”,

said Pang Xue Kai, CEO & CO-Founder of Tokocrypto.

Harmony provides a high-throughput, latency and low-cost consensus platform designed to power the decentralized economy of the future. The technical focus of the project is on resharding and securing staking with decentralized randomness. In addition, Harmony also implements optimized cross-shard routing and fast block propagation.

After launching its main network in July 2022, Harmony has experienced excellent growth. As of June 2022, there are 1,000 nodes contributing to the decentralization of the network.

The Harmony platform is powered by the ONE token, which allows users to participate in the ecosystem and serves as a payment mechanism. Using the Harmony blockchain, developers and businesses can create alignment of goals and incentives for multiple stakeholders.

  • The ONE token is designed to have the following three functions in the protocol:
  • Tokens are used as stakes for the EPoS consensus model, allowing shareholders to earn block rewards and transaction fees.
  • The token will pay transaction fees and storage fees.
  • The tokens will be used in protocol governance by allowing token holder voting rights for on-chain governance.

“With the capabilities built into its platform, Harmony promises to provide the world with a secure and scalable blockchain that can support a decentralized economy”,

said Stephen Tse, CEO of Harmony.

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