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.
Egretia is cooperating with Egret Technology, a globally well-known HTML5 technology service provider, set up Egretia Blockchain Lab, combining blockchain with HTML5 technology to create the world’s first HTML5 blockchain engine and platform, aiming for applying blockchain to vertical industries. Bringing Egret Technology's existing 200,000 developers and 1 billion mobile terminal devices into the blockchain world, this project has practical and far-reaching significance. As a cross-platform solution, HTML5 technology has been globally recognized. It covers the Internet, mobile games, video, advertising and other industries, with the global market size of hundreds of billions dollars. After blockchain game CryptoKitties became popular, Ethereum's smart contract applications added a new member - HTML5 games. This project cooperating with Egret Technology, a globally well-known HTML5 technology service provider, set up Egretia Blockchain Lab, combining blockchain with HTML5 technology to create the world’s first HTML5 blockchain engine and platform, aiming for applying blockchain to vertical industries. Bringing Egret Technology's existing 200,000 developers and 1 billion mobile terminal devices into the blockchain world, this project has practical and far-reaching significance.