Morpheus Labs MITX to Harmony ONE Exchange

Crypto Pair Details: MITX to ONE

Morpheus Labs MITX

Morpheus Lab Platform Gives your the flexibility to experiment, using the broad range of functionalities on our platform, to build and develop blockchain applications that suit the needs of your business. Simplifies and expedites blockchain application development, gives you the flexibility to choose between available programming languages and blockchain runtimes that better suit your needs. You receive unparalleled benefits from an integrated collaborative development environment, workspace management, version control repository and many preconfigured tasks. Let our platform do the heavy lifting while you focus on value-adding work such as application creation and experimenting with the blockchain technologies at a fraction of the cost and time.

Harmony ONE

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.

SOURCE: COINGECKO

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