Harmony ONE to Content Neutrality Network CNN Exchange

Crypto Pair Details: ONE to CNN

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.

Content Neutrality Network CNN

Content Neutrality Network (CNN) Platform introduces several mechanisms/protocols related to content creation, distribution, circulation and revenue share. CNN Platform combines personalized recommendation with the community votes to distribute the most relevant content to each user. CCM (Content Circulation Mechanism) is designed to stimulate seamless circulation of content among different communities. CNN is an integral and indispensable part of the CNN Platform, because in the absence of CNN, there would be no common unit of exchange to pay for these costs or provide the incentive for certain desirable behavior, thus rendering the ecosystem on the CNN Platform unsustainable.

SOURCE: COINGECKO

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