Brad Sherman: Libra Is Comparable to 9/11 Attacks

4m
livebitcoinnews

Bitcoin Stabilizes at $10,500 After Fall to $9,100, What's Next?

5m
ethereumworldnews

Blockchance Cyber Parties – Crypto Daily™

7m
cryptonewmedia

Zcash Friendly Ycash Fork Goes Smoothly After Delay

8m
cryptoglobe

Australian Couple Loses $900K to Crypto Scam Despite Regulator’s…

9m
cryptonewmedia

South Korean Heavyweights KT and NDS are Developing a Blockchain-Based Food Safety System

10m
cryptonewmedia

Coinbase Stops Offering Its Crypto Bundle Services To Users

11m
cryptonewmedia

European Central Bank Policymaker Says Stablecoins Not Cause for Alarm

26m
cointelegraph

Blockchance Cyber Parties

32m
cryptodaily

Price Analysis 19/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, TRX, XLM

44m
cointelegraph

Bitcoin (BTC) Is Up 6% Even As Sellers Eye $7,500

1h
cryptonewmedia

Behold the Latest Bitcoin Board Game, ‘Hodler of Last Resort’

1h
cryptonewmedia

Disgusted Bitcoin Trader Says Price Charts Mimic an Ugly ‘Penny Stock’

1h
cryptonewmedia

R3 Taps Software Sales Vet to ‘Evangelize’ Paid Version of Corda

1h
coindesk

Bitcoin Price Stuck in Tight Trading Range, BitMEX Responsible for...

1h
newsbtc

Bitcoin Maintains Price Rally But Outlook Remains Bearish Until It Climbs Above $10,950

1h
zycrypto

Oil Markets Could Save 30% With Blockchain, Data Gumbo CEO Says

1h
cointelegraph

Boeing Keeps Dow in Positive Territory as Stock Market Slides

1h
cryptonewmedia

Major Crypto Markets Report Mixed Signals, Gold Slightly Fell

1h
cointelegraph

German Central Bank President Shows Support For Libra, Calls It “Attractive” To Customers

2h
coingape

‘Samsung Coin’ Trademark Filing Unaffiliated With Samsung

2h
cointelegraph

Stock Market Investors Should HODL Because Pros Can’t Beat S&P 500

2h
cryptonewmedia

New No-Fee Visa Card for US Crypto Holders Offers Rebates From Big Brands

2h
dailyhodl

Buying Bitcoin (BTC) at $8,500 is Best, Says Analyst

2h
ethereumworldnews

Nouriel Roubini Accuses Bit MEX of “Systematic Illegality”

2h
livebitcoinnews


Here’s What We Know About It

Photo: Binance / Twitter

Binance, the largest crypto-exchange in the world, has announced a new project named Harmony (ONE) and provided the details on the Harmony token sale which starts on May 19 and will follow a lottery format.

Based on Binance Launchpad, Harmony is an Initial Exchange Offering (IEO) project aimed at delivering scalability and decentralization. This open infrastructure builds a high-performance consensus platform that will enable decentralized economies for 10 billion people. Compared with other public blockchains, Harmony’s full-stack approach applies 10x innovations in networking, systems, and consensus algorithms.

Harmony’s key features are as follows: full scalability, secure sharding process, more efficient and faster consensus, adaptive-thresholded PoS, scalable networking infrastructure, and consistent cross-shard transactions.

Harmony token sale will have a format of a lottery, with users’ BNB balances recorded. The recording is set to start on May 19 at 23:59:59 (UTC). Until then, users can begin depositing or purchasing BNB into their account and sign the Token Purchase Agreement. The team will calculate the average BNB holdings on each account over the holding period, and users will be allowed to claim up to a maximum of 5 lottery tickets based on their average BNB holdings at a snapshot time each day over the 7 days, up to May 26.

Then, final BNB balances in user accounts will be recorded to determine eligibility to claim lottery tickets. On May 27, ticket claim will open for all eligible users for a period of 24 hours. The Token Purchase Agreement can be signed during this time as well.

The lottery draw will start on May 28 at 06:00 (UTC). Two hours later, winning tickets will be announced and the respective BNB will be deducted from the winning users’ accounts. On May 29, the IEO will be closed.

The total token supply makes up 12,600,000,000 ONE tokens, 12.5% of which will be allocated to Binance Launchpad and available for public sale. The price is 0.003175 USD per token. On the lottery draw date, this amount will be determined in BNB.

The maximum number of winning lottery tickets is 16,666, and allocation per winning ticket accounts for 300 USD.

Initial Exchange Offering is an evolution of the ICO. In comparison with the latter one, in IEOs, the investors send their digital tokens to the exchange account instead of contributing them to the Smart Contract. The advantage of IEOs is their user-friendliness since investors only need to create an account at the particular exchange, fund their wallets and purchase tokens once it goes live.

Harmony is not the only IEO event that is set to take place in May. According to the IEO calendar, in 43 hours, GoWithMi IEO will start. The project aims to create a distributed map network for everyone’s benefits and supports multi-chain.

On May 20, the Volume Network will start its token sale. Their mission is to create large-scale commercial applications for global use cases.

On May 22, Reserve IEO will be launched. This project aspires to protect people against hyperinflation.

On May 28, Chromia token sale will commence.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments