Harmony ONE to RIF Token RIF Exchange

Crypto Pair Details: ONE to RIF

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.

RIF Token RIF

RSK Infrastructure Framework (RIF) is a token developed on the RSK platform allowing holders to consume (and interact with) services within the RIFOS framework. The RIFOS framework, also built upon RSK, is a suite of distributed protocols built to enable fast, simple and scalable development of distributed applications within a highly-scalable, secure and unified environment. The RSK framework, in combination with the RIF token, allows developers to deploy and interact with the applications built atop the RIFOS framework. These include, amongst other things, third-party developed infrastructure services, as well as any additional applications deployed on the RSK framework. The RIF Token is intended to allow any token holder to consume any services that are compatible with RIF OS Protocols. Such services may include third party-developed infrastructure services, and any other apps that might be deployed on our framework that agrees to accept rif Tokens as a means of accessing / consuming the service or app.

SOURCE: COINGECKO

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