|Market Cap||Volume||Available Supply|
|$2.72 B||$103.09 M||10.81 B ONE|
Harmony current price is $0.2507 with a marketcap of $2.72 B. Its price is -7.84% down in last 24 hours.
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.