Harmony (ONE) is the native asset of the first PoS sharding of the Harmony blockchain protocol with the main net already running. Harmony is a fast and secure blockchain for decentralized applications. Harmony has developed a new Proof-of-Stake (PoS) mechanism that keeps the network secure. In addition, the Effective Proof-of-Stake (EPoS) protocol reduces centralization and distributes rewards fairly to thousands of validators.

The project's staking mechanism supports delegation and compound reward percentages. To maintain full network functionality and open participation, the EPoS protocol cuts off validators who use double signatures and penalizes non-functioning nodes selected for validation.

The main Harmony network was launched in June 2019. At this stage of the project's development, the token is mainly used for rewarding the staking participants (validators, trustees) and paying commissions for transactions.
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