The Motley Fool Investing Philosophy: We generally recommend investors buy shares of at least 25 stocks and hold them for at least 5 years. Learn More
| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| ONE | -57.86% | +9.04% | +1.75% | -75% |
| S&P | +12.65% | +91.73% | +13.89% | +145% |
Harmony (ONE) is a digital currency for the Harmony network, a fast and secure blockchain platform for creating DApps with a focus on scalability and low latency. Harmony uses Secure Random State Sharding and Effective Proof-of-Stake (EPoS) for consensus. The ONE token is used for transaction fees, staking, and governance. Staking ONE secures the network, validates transactions, and earns rewards. Token holders can vote on protocol decisions. Harmony was founded by engineers and academics from universities like Harvard and Stanford and companies such as Google and Amazon, led by Stephen Tse.
The price of Harmony has shot up this year as more investors see the potential of the network.
This weekend's sell-off provides bargain hunting investors the opportunity to pick up some sweet deals.
No podcast episodes available.
No transcripts available.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.