Harmony (ONE)

What is Harmony

Harmony is a blockchain platform project aimed at building a scalable and secure "platform for 10 billion people".

Proof of Stake

If you stake to a validator that has been elected by the blockchain, you will get rewards from the blockchain. Rewards from the blockchain will be distributed to each user from the blockchain.

Staking

You can choose the amount you stake in your wallet. The staked coin remains in your wallet but it will be locked and cannot be sent. Also, the wallet balance shows the number of coins that are not staked. If you want to send the staked coins, you will need to unstake them. (Refer to Unstaking section.) Also, the minimum staking amount for each time is 1000 ONE.

Rewards

Rewards will be distributed per block. Blocks are generated approximately every 1.5 days (You will see that the reward in the wallet will increase). To receive the reward, the user must make a request to the blockchain to “receive the reward”. To receive the reward, you must claim the reward from the blockchain because it is not distributed automatically. Please note that you will have to pay a transaction fee to receive this reward.

Unstaking

If you want to send an asset that is currently staked, you will need to unstake it first. The unstaking of your tokens will take 1 epoch before they become available, therefore you will not be able to send the tokens immediately. The period during which the tokens cannot be transferred is called the "lock period." You can select the amount you wish to unstake (there is no minimum).