Understanding Harmony Coin Market Cap and Value

Harmony Coin's market cap is a measure of its total value, which can be influenced by factors such as supply and demand.

The current market capitalization of Harmony Coin is approximately $1.5 billion, as of the last update.

This value is subject to fluctuation based on market conditions and the overall sentiment of investors.

A key aspect of Harmony Coin's market cap is its circulating supply, which is around 1.5 billion HARMONY tokens.

Explore further: Difference between Market Cap and Enterprise Value

Harmony Coin is a decentralized cryptocurrency that operates on the Harmony blockchain, a sharded, proof-of-stake (PoS) network.

The Harmony blockchain was founded in 2017 by a team of experienced developers, including Stephen Tse, a former Google and Microsoft engineer.

Harmony Coin is designed to be fast, scalable, and secure, with a block time of just 2 seconds and a maximum supply of 1 billion coins.

Harmony's sharded architecture allows for high transaction throughput and low latency.

The Harmony blockchain supports a wide range of programming languages, including Solidity, Rust, and C++.

Harmony Coin has a relatively low market capitalization compared to other cryptocurrencies.

The founders of Harmony are a talented group of individuals with a strong background in technology and innovation. Stephen Tse is the founder and CEO of Harmony, and he has a Ph.D. from the University of Pennsylvania.

He founded Harmony in 2017, bringing together a team of twelve people with diverse expertise. Seven of the founding team members came from big tech companies like Google, Apple, Microsoft, and Amazon.

Stephen Tse's experience in cryptographic protocols and type theory has been instrumental in shaping Harmony's vision and mission.

Harmony Coin's unique approach to block creation is a game-changer. By focusing on processing speed and validation, the Harmony mainnet has significantly reduced node validation times.

The sharding process is a key innovation that has made a huge impact. It's like a puzzle, where the Harmony mainnet breaks down complex tasks into smaller, more manageable pieces.

The Verifiable Random Function (VRF) is a crucial security feature that ensures nodes and validators are assigned and re-assigned in a randomized manner. This unbiased and unpredictable process protects nodes and secures the validation process.

The Harmony Grants program is an initiative that supports innovation and attracts developers to the Harmony mainnet. This program is a great way for the community to come together and drive progress.

The Harmony coin has a circulating supply of 12,305,426,115 ONE coins, which is a significant portion of its total supply of 13,156,044,840 ONE coins.

Its market cap is currently at $274,757,079, which is a substantial figure in the cryptocurrency world.

The Harmony price is $0.02235, and it's down by -5.72% in the last 24 hours, indicating a slight dip in its value recently.

Here's a breakdown of the Harmony token distribution:

The circulating supply of Harmony (ONE) coins is a significant aspect of its ecosystem. As of February 2021, there are approximately 9,486,327,268 ONE coins in circulation.

The total supply of ONE tokens is capped at 12,600,000,000, a number that has been set to prevent inflation.

Harmony has allocated a substantial portion of its tokens to various purposes, including an initial seed sale, which accounted for 22.4% of the total supply.

The Harmony founding team and developers received 16.9% of the total supply, while 26.4% was dedicated to protocol development.

The token distribution chart is a crucial aspect of understanding how HarmonyToken is allocated. It's a breakdown of how the tokens will be distributed among different groups.

The seed round raised $18.3 million at a price of $0.0065 per token. This valuation is estimated at $81.9 million.

The public round raised $5.04 million at a price of $0.0032 per token, with a valuation of $40.3 million. Tokens from this round are 100% unlocked.

The team will receive tokens, but the exact number is not specified. Their vesting period includes a 16.7% monthly cliff after an 8-month delay.

The development team will receive tokens, with a vesting period of 16.6667% total, unlocked at a rate of 16.7% per month.

The ecosystem will receive tokens, with a vesting period of 8.2% total. For the first 8 months, they will receive 2.7% of the total, then 0.9% per month.

Here is a summary of the token distribution chart:

The initial Fully Diluted Market Cap (FDMC) of Harmony project is a significant metric that provides insight into the project's valuation at the time of its initial coin offering (ICO) or initial listing on a cryptocurrency exchange.

Harmony's initial FDMC was $40.3M.

Curious to learn more? Check out: Initial Coin Offerings

Harmony's innovative approach to security is truly impressive. They've pioneered the world's first mass public deployment blockchain network using effective proof-of-stake (EPoS), a consensus mechanism that's both secure and fast.

This novel staking mechanism creates consensus out of proof of stake chains, allowing for a high-speed and securely validated blockchain maintained by sharding. Harmony's mainnet is powered by open protocol execution environments, securing tens of millions of cross-chain assets.

Sharding is key to Harmony's speed and scalability, as it eliminates traffic congestion caused by bottlenecking requests through resource-consuming consensus mechanisms. This makes Harmony a fast-scaling DeFi interoperability solution.

Here are some key stats on Harmony's market performance:

The Harmony coin market cap is a crucial metric to understand when investing in this cryptocurrency. The current market cap of Harmony is $274,757,079 USD, as of the last update.

Harmony's price is currently $0.02235 USD, which is a decrease of -5.72% in the last 24 hours. This fluctuation can significantly impact the market cap.

The circulating supply of Harmony coins is 12,305,426,115 ONE coins, and the maximum supply is 13,156,044,840 ONE coins.

Here's a breakdown of Harmony's market performance in the last 24 hours:

Harmony's market performance is closely tied to its trading volume, which has been $25M in the last 24 hours.