Harmony

Description

Harmony​ builds an open marketplace at Google-scale for the decentralized economy. Harmony bases its network stack on Google’s UDP​. It is a high-performance blockchain demands 10x innovations in the transport network,
consensus protocol & system tools.

Problem Solved

Project ​aims to provide a consensus protocol over the open Internet​ at 10 million transactions per second with 100-millisecond latency and at most 0.1% fee. bandwidth must scale to 10M tx/sec to support data from
supply chain IoT devices or energy grids. Harmony devises static types with concise syntax as security specification, analyzes decentralized protocols in formal models, and generates optimized code across networks.

Token Use

Token will be used for payments and utility across the platform.

Harmony Review and Rating

harmony--table

Pros

– Potential: Scalability was always a big issue in the blockchain industry. Many successful projects are providing different kind of solutions (Zilliqa- 140M USD market cap, EOS- 5B USD Market cap, Hedera Hashgraph,
Algorand, etc.). Harmony is purposing an innovative solution which combine a cutting edge technologies which were already tested in other products (Google’s UDP, Omni Ledger and Unikernels) which according to their
statements could process up to 10 M TX’s per second which will allows them to be fast enough in order to process IoT devices, financial institutions, and energy grids. For the short term, the project is being launched on
the Binance launchpad. Binance is the leading institute in the blockchain industry, and so far all of the launchpad’s projects yielded great results.

– Community: Community: 10K on telegram and 4K on twitter. Also, this project enjoys a lot of attention since it is being launched at Binance Launchpad, and the Binance user base is in a sense the community

-Technology: Innovative technology which according to the statements can process up to 10M tx per second, the technology core components are focusing in 3 areas: 1. Transport network – Google’s UDP and Bloom tables. 2.
Consensus protocol: Applying OmniLedger protocol with sharding technology. 3. System tooling – Unikernels, multi-core in Rust, zero-copy streaming.

CONS

– The competition in this market is enormous, and Harmony will have to find a way to overcome this competition.

– Token Use: The token use part in the whitepaper is not detailed enough; the consensus mechanism is a PoS based algorithm. The tokens are the fuel of the network and are used to incentive the nodes and for the staking
to prevent un honset behavior.

IEO Ended

28 May 2019

Total raised

$23,000,625 / $23,000,625

General info.

Token : ONE

Token type: BEP2 Asset

ICO price: 1 ONE = 0.003175 USD

Finite token number12,600,000,000 ONE

Availability:

Users from the following countries will not be able to participate in token sales on the Binance Launchpad platform: Albania, Belarus, Bosnia, Burma, Central African Republic, Democratic Republic of
Congo, Democratic People’s Republic of Korea, Cote D’Ivoire, Croatia, Cuba, Herzegovina, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova,Serbia, Somalia, Sudan, South Sudan, Syria,
Venezuela, Yemen, Zimbabwe, Afghanistan, Burundi, Canada, Cambodia, Ethiopia, Guinea-Bissau, Guinea, Kyrgystan, Laos, Malawi, Malaysia, Mali, Mozambique, Myanmar (Burma), New Zealand, Sri Lanka,
Tanzania, Thailand, Timor-Leste, Trinidad & Tobago, Tunisia, Turkmenistan, Uganda, United States of America (USA), Uzbekistan.

Status:: Whitepaper is ready.

Accepted Currencies: BNB

Binance IEO

Date: May 27 – May 29

12.5% of Total Supply: 1,575,000,000 ONE ($5,000,625 USD)

1 ONE = 0.003175 USD

Seed Sale

Date: Mar 2019

Raised: $18,000,000 USD

Team Members

Stephen Tse

Linkedin Icon and Link

Co-founder

bounty0x-team_member_2-3

Nicolas Burtey Linkedin Icon and Link

Co-founder & COO

bounty0x-team_member_3-3

Alok Kothari Linkedin Icon and Link

Co-founder

bounty0x-team_member_4

Rongjian Lan Linkedin Icon and Link

Co-founder

bounty0x_team_member_5

Minh Doan Linkedin Icon and Link

Co-founder

bounty0x_team_member_5

Nick White Linkedin Icon and Link

Co-founder

bounty0x_team_member_5

Sahil Dewan Linkedin Icon and Link

Co-founder

Advisory board

Hakwan Lau Linkedin Icon and Link

Advisor

bounty0x-team_member_2-3

Kayuet Liu Linkedin Icon and Link

Advisor

bounty0x-team_member_3-3

Zi Wang Linkedin Icon and Link

Advisor

bounty0x-team_member_3-3

Bruce Huang Linkedin Icon and Link

Advisor

Investors


Lemniscap logo

Consensus capital logo

Continue cap logo

hayek capital logo

UniValues Associates logo

qtum logo

ANMI OECD logo

Blockchain assets logo


Btc12 logo


Cyphermines logo


Hm capital logo


Skunk Capital logo

Partners

Inves


Aminoca-Brands logo

Blue-Vista logo

Hyperion logo

Picolo logo

Quanta logo

Timeless logo


Disclaimer: All ratings published on CryptoPotato are for informational purposes only. CryptoPotato does not provide investment forecasts, recommendations or consulting. Thus, neither
CryptoPotato nor its writers can be held responsible for its visitors’ investment decisions. CryptoPotato is not affiliated with and does not endorse or sponsor any listed token sales. CryptoPotato may
receive a fee for advertising certain token sales, in which case it will be designated and marked accordingly. CryptoPotato may receive a fee for conducting due diligence before listing, rating and/or
evaluating a token sale. CryptoPotato will never accept a fee in exchange for a certain rating score and/or evaluation for token sales. Full disclaimer