Listen, guys, there's this ONE crypto project that I really love. It's fast, efficient, secure, scalable, energy friendly, cost competitive, and it offers high staking returns while fostering a community under the ethos of harmony. Let's talk about it.
Harmony ONE
What if I told you that I fell in love with this crypto because I loved the logo and the consistent stream of corny ONE movie quotes and references repeated in its community?
In the end, there can be only ONE!
Come on, lighten up, guys, I'm only kidding.
I really do love this project though, and I am invested. Got a little bag in.
According to its website, Harmony is a fast and secure, scalable blockchain for decentralized applications, promising speedy two second transactions and fees that are a thousand times lower than its competitors. Speedy? Low fees? Secure? Priced in at just over $0.17, what's not to love? (I invested a month ago, when it was just under $0.09, and doubled returns in September)
These are some of the features that attracted me to the Harmony ONE project and why I think it has a bright future.
Project Features
- Speed: Its speedy two second transaction sets Harmony light years ahead of the the more popular Goliath in the field, Ethereum where it can take 60 seconds to finalize a transaction. Additionally, it boasts an average of 2,000 transactions per second, but promises it can reach a maximum of 24,000, ahead of today's golden boy, Solana, who claims a maximum of 15,000 transactions per second.
- Low fees: Ethereum is notorious for expensive gas fees. Let me tell you, I've been burned! At an estimated, $0.0001, Harmony promises transaction fees that are 1,000 times lower.
- Developer integration: If you're investing in a project, you want to know that it has use cases and that it can actually provide value to its target, right? Well, Harmony supports up to 31 integrations for developers, its bridges connecting to other Proof of Work and Proof of Stake chains.
- Secure: Using an unpredictable, unbiased, verifiable and scalable distributed randomness generation algorithm, Harmony's sharding process is secure against adversaries.
- Incentives for developers: Harmony recently announced a $300 million ecosystem fund for developers using its network. You can check it out here.
- The project is energy efficient, decentralized, and innovation is led by a brilliant founding team under their former Microsoft researcher, Stephen Tse who, incidentally, also previously held the positions of senior infrastructure engineer at Google and principal engineer for search ranking at Apple.
And... ONE more thing: have you seen their roadmap for the rest of 2021 into 2022?
For ease of reference, I'll just leave this here.
Listen guys, for me, if I have just $500 to invest in a project, and that $500 can only earn me less than 10 coins or a fraction of a coin (a fraction of an Eth, for example) which is unwieldy, expensive, and inflexible, compared to thousands in Harmony, I mean, there is really only ONE feasible choice.
Of course, quick caveat, I must go to great pains here to remind you that I do not offer investing advice. Should you choose to invest in any cryptocurrency project, please conduct your own detailed research.
Crypto-Lexicon
DYOR: Do Your Own Research. Your money is important and how you spend it should be geared towards earning the best possible returns for you. Before you make any financial decision, particularly in crypto-verse, please conduct thorough research.
FUD: Fear, uncertainty and doubt. This is a real concern for investors as persons can sometimes be driven to panic sell when crypto prices fall. Be on the lookout for this one!
Okay, I'm done, guys. Enough of the corny ONE liners. Back to biting my fingernails and watching this ONE grow.
I'm done, I'm done. Seriously this time.
Arrivederci! See you on the next ONE.
