Review of Harmony(ONE): BB — Stable Outlook and Moderate Risk
TokenInsight has recently published the rating report for Harmony (ONE), which has received a project rating of BB with a stable outlook.
Harmony was introduced as the fifth token sale on Binance launchpad.
❔What is Harmony:
Harmony is committed to building a new generation of blockchain-based networks.
Key Points:
✅The Harmony project started in the second quarter of 2018 and its Testnet 2.0 has already been launched with open-source codes.
✅Harmony plans to use its sharding architecture to achieve system scalability.
✅ In order to avoid Sybil attacks and reduce the malicious behavior of nodes, Harmony also introduces a PoS mechanism into the process of selecting consensus nodes.
✅Harmony’s incentive mechanism mainly includes the following three aspects: Consensus rewards, Staked slashing and Staked withdrawal.
✅ Harmony’s community popularity has been improved drastically in recent years. Harmony has an offline community discussion community. Its community size has potential for further development compared with other large-scale public blockchain projects.
✅ At present, the Harmony team consists of 12 members, including 9 technical developers, where the proportion of technical developers consist of the majority of its team. It is worth mentioning that most of the team members have work experience in large Internet companies such as Google, Apple and Amazon.
Result:
TokenInsight gives BB to Harmony with a stable outlook. Overall, the risk of Harmony is moderate.
Learn more about Harmony
About TokenInsight
TokenInsight is an independent third-party data analytics organization whose focus is to provide accurate information and ratings on companies developing in the blockchain industry. TokenInsight is dedicated to providing accurate ratings, research, and analytics that contribute to intelligent financial decisions and market transparency.
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