/biz/ - Business & Finance

>what is harmony ONE?
harmony is a platform for smart contracts with the first proof-of-stake and sharding mainnet. the blockchain was launched in june 2019 and has 2-second block times with instant tx finality, it is a binance labs project and is the native blockchain for binance usd (busd). ONE is the native coin on the harmony blockchain and can be staked via staking.harmony.one, it has a max supply of 12.6b, with 9.26b circulating and 3.94b staked

>economic model - path to 0 issuance
· issuance plus transaction fees set to 442m ONE per year
· transaction fees offset issuance
· as network usage increases (fees), issuance decreases by the same amount, until fees cover the entire 442m and issuance is 0