harmony latest news

Harmony (ONE) is currently in the limelight for all the right reasons in recent times. This layer 1 blockchain platform is set to create an enabling environment for creatives and builders in its ecosystem.

Therefore, in this article, you will discover the latest news about the Harmony (ONE) ecosystem. These details include updates, new feature launches, partnerships, etc.

1. Harmony ‘ONE to Earn’ Incentive Program

Builders and creatives have yet another reason to build on Harmony. The L-1 blockchain platform recently revealed that it was trying out ways to offer radical incentives to builders and creators. To achieve this, Harmony reveals plans to launch its ‘One to Earn’ incentive program. According to the annoucement, the program will be focused on onboarding builders and creatives, providing them with an enabling environment to build.

As part of this incentive program, harmony also offers builders generous pay for their commitment and work output. Currently, there is a maximum of 20 hours of productive work every week for convenient contributors. While large groups have 30 hours per week of productive hours.

Important Teams on Harmony ‘ONE to Earn’ Incentive Program
  • 25 Cores – This is a core leadership team expected to work full-time for 35 hours every week. Minimum pay is currently at $55/hr, resulting in an annual income of $100,100. Also, members of this team are entitled to a 4-week mandatory vacation.
  • 50 Fellows (usually managed by Cores) – They are mandated to work for 30hrs every week or 10hrs per week for a part-time role. They also earn an average of $65 per hour and an annual income of $101,400. They also have to go through a monthly employment contract renewal.
  • 1000 Contributors (usually managed by Basic DAO) – They are also required to provide a maximum of 20 hours a week of productive work. Their minimum payment is $75 per hour resulting in an estimated annual income of $78,000.

Also, another important team is the 2100 Hunters and Masters.

2. Harmony to Bridge Bitcoin (BTC) to Its EVM

Harmony (ONE) has also designed a trustless bridge linking BTC to harmony. The trustless bridge provides Bitcoin (BTC) holders with the opportunity to foray into the decentralized finance (DeFi) space.

This means that they can enjoy the benefits of DeFi without having to liquidate their BTC. Also, with the fast-growing world of smart contracts and Web 3, it is necessary to evaluate the possibilities of BTC running on an EVM network. Therefore, this is what Harmony one is focused on by looking to bridge BTC to Harmony’s Ethereum Virtual Machine (EVM) network.

3) Harmony Integrates with Covalent HQ

Also, another important update is Harmony’s recent integration with Covalent to help build dapps easier and faster.

ONE Price Outlook

At the time of writing this article, the price of ONE was trading at $0.13 with a market cap of $1,6 billion and a 24-hour trading volume of $82 million. The token price is also down by 2.8% in the last 24 hours.

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