Harmony IDOs Have a New Home

Access to liquidity in the blockchain and crypto space cannot be over-emphasized. With ICOs out of the picture, the crypto and blockchain space has come up with more sustainable ways to raise funds.

IDOs, IEOs, IGOs, and IFOs are all basically newly enacted ways for projects to raise funds. All of which requires a launchpad for a smooth fundraising event. In line with this, IDO projects on the Harmony (ONE) blockchain now have a better shot at running a smooth IDO event. The fast, open, and cost-effective blockchain platform has elicited the support of PolkaBridge as a launchpad.

According to the official tweet, PolkaBridge will incorporate the Harmony (ONE) blockchain into both staking and the launchpad.

Harmony (ONE)Staking

This means that IDO projects on Harmony will be introduced to the PolkaBridge launchpad. This will also help to expand the PolkaBridge ecosystem.

About PolkaBridge

PolkaBridge is a decentralized application platform. It is also known as the first-ever decentralized bridge between Polkadot and other bridges. Its PolkaBridge DEX is one of its most popular products.

The DEX platform facilitates token swaps between the Polkadot chain and other blockchain networks. It does this without the need for a centralized entity or third-party intervention. Also, liquidity providers on PolkaBridge can earn more rewards with the platform’s smart farming feature.

About Harmony (ONE)

Harmony (ONE), on the other hand, is an open and fast blockchain network. It boasts of a two-second timeline to complete transactions. Fees on the blockchain are also approximately 100 times lower than fees on the Ethereum blockchain.

Harmony also recently launched a decentralized launchpad known as HarmonyPad. The first of its kind on the Harmony blockchain, interested persons can also stake HPAD tokens to get priority access to upcoming projects.

Some of the unique features of HarmonyPad include:

  • It is deflationary in nature. This means that its supply will have a 2.5% sales tax for burning and 7.5% for distribution among LP stakers.
  • 50% of its IDO fees are shared with IDO participants.
  • It is cross-chain.
  • Protected from bots.

Harmony’s bridges also provide cross-chain asset transfers with the Ethereum chain, Binance chain, and other blockchains.

Harmony (ONE) Price

At the time of writing, ONE was trading at $0.221472, with a market cap of $2,357,593,841 and a 24-hour trading volume of $112,440,987. The token price is also down by 4.5% in the last 24 hours.

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