RATE Group | Harmony Kicks Off Migration From Ethereum and Binance Chains to Its Own
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Harmony Kicks Off Migration From Ethereum and Binance Chains to Its Own

24 Jan Harmony Kicks Off Migration From Ethereum and Binance Chains to Its Own

Posted at 23:08h in Ethereum News by

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Holders of the ONE token from the team at Harmony should make plans to swap their ERC-20 (ethereum) or BEP-2 (binance chain) tokens for the coin on Harmony’s blockchain if they want to be able to participate in staking and other network activities. 

According to a blog post shared Thursday, Harmon’s token swap is ready to commence, allowing current holders to switch to the company’s native asset.

“The ONE token swap is the first of many steps we will take in 2020 towards a fully fledged Harmony platform. Mainnet ONE holders will soon be able to stake their coins to earn rewards and gain access to our secure, fast and low-cost blockchain,” Nick White, a Harmony co-founder, told CoinDesk via email.

Harmony is a proof-of-stake blockchain that uses sharding with the aim of reaching extremely fast, large-scale settlement for millions of users. It raised $18 million in a token sale to strategic investors last year, followed by an initial exchange offering on the Binance Launchpad in…

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