What is the issuance amount of ONE coin?

Harmony's ONE coin issuance amount of 12,642,547,312 ensures scarcity and maintains its value over time, fostering its significance within the Harmony ecosystem and the blockchain industry.

Dec 02, 2024 at 03:56 am

Understanding the Issuance Amount of Harmony's ONE Coin

Introduction

Harmony's ONE coin is the native token of the Harmony blockchain platform, a highly scalable and secure blockchain network designed for decentralized applications. The issuance amount of ONE plays a crucial role in determining the coin's value, supply, and distribution. This article delves into the details of ONE's issuance amount, addressing important questions and providing a comprehensive understanding of its significance in the Harmony ecosystem.

1. What is the Total Issuance Amount of ONE?

The total issuance amount of ONE is 12,642,547,312 coins. This amount was determined during the platform's genesis block creation, and it remains constant since then. The issuance is capped, meaning that no additional ONE coins can be created or minted into existence.

2. Understanding the Token Distribution

The initial distribution of ONE coins was structured as follows:

• Pre-Seed Round: 2,315,574,900 ONE (18%)
• Seed Round: 2,315,574,900 ONE (18%)
• Private Round: 4,447,064,700 ONE (35%)
• Harmony Team & Ecosystem: 1,831,697,000 ONE (14.5%)
• Community Sale: 1,732,631,712 ONE (13.5%)
• Foundation Treasury: 1,831,697,000 ONE (14.5%)

3. Community Sale - Largest Issuance Portion

The community sale, conducted in 2019, represented the largest issuance portion with 1,732,631,712 ONE. This sale enabled the broad distribution of ONE coins to early adopters and community members, fostering a decentralized ownership structure.

4. Harmony Team & Ecosystem - Long-Term Support

TheHarmony Team & Ecosystem allocation of 1,831,697,000 ONE is reserved for the development, maintenance, and growth of the Harmony platform. This ensures long-term support for the blockchain's operations and innovation.

5. Foundation Treasury - Governance & Investments

The Foundation Treasury, with 1,831,697,000 ONE, serves as a governance mechanism for the Harmony blockchain and funds investments in key projects and initiatives within the ecosystem.

6. Importance of Issuance Limit

The capped issuance amount of ONE ensures scarcity and maintains the coin's value over time. Unlike fiat currencies, which can be inflated through unlimited printing, ONE's finite supply prevents dilution and preserves its inherent worth.

7. Impact of Binance Listing

In June 2021, ONE was listed on the Binance exchange, one of the world's largest cryptocurrency trading platforms. This listing significantly increased ONE's visibility, accessibility, and liquidity, contributing to its price appreciation.

8. ONE's Value Proposition

ONE's limited issuance amount, coupled with its strong fundamentals, makes it a valuable asset in the blockchain industry. Its energy-efficient and scalable blockchain technology, along with its focus on decentralized governance and innovation, has attracted significant interest and adoption from developers and users alike.

Conclusion

The issuance amount of ONE coin is a carefully designed aspect of the Harmony blockchain ecosystem. The total issuance of 12,642,547,312 ONE, with its distribution tailored for community engagement, long-term platform support, and governance, ensures the coin's stability, scarcity, and sustained value. As Harmony continues to innovate and grow, ONE is poised to play a pivotal role in shaping the future of decentralized applications and blockchain technology at large.