Harmony ($ONE) joins as BEPSwap Launch Partner

Harmony will be joining the BEPSwap Platform to provide liquidity to ONE token holders.

THORChain

07 Aug 2019 — 4 min read

BEPSwap

BEPSwap was announced on 10th of July 2019 as a new way to swap and stake BEP2 assets.

BEPSwap will allow any BNB or BEP2 holder to swap BEP2 tokens at market prices — instantly from their wallet.

Users can also stake their assets in these pools to earn trade commissions. This is a ground-breaking moment for liquidity and by turning unproductive assets into productive ones the incentives are aligned to turn illiquid tokens into deeply liquid ones.

ONE Token Holders will be able to Stake ONE

HARMONY

Harmony promises open consensus for 10 billion people — for one and all.

Harmony is a fast and secure blockchain with key innovations in state sharding and peer-to-peer networking. Its sharding uses secure proof-of-stake and decentralized randomness, and its networking achieves optimal cross-shard routing and fast block propagation.

More information on Harmony can be found at the Binance Info Report:

Harmony applies its innovations across the core parts of the protocol:

Consensus Protocol

Harmony’s consensus protocol uses design principles such as sharding and pipelining to parallelize transaction processing. This allows reduction in connection latency and enables enough throughput to scale with the size of the network.

Systems

Harmony are developing a lean, mission specific kernel to run the protocol with increased CPU performance and security. This will also allow a broader set of devices to participate in consensus for a more decentralized network.

Networking

Harmony implements network engineering techniques for smarter message propagation and faster consensus formation. An understanding of network topology allows Harmony to run a highly concurrent protocol.

Harmony on BEPSwap

Harmony requires that the $ONE token is deeply liquid and easily transferrable between users. By joining BEPSwap, $ONE token holders will be able to stake in liquidity pools and provide this liquidity to the network — at the same time as earning on fees. Users on the Harmony Network will then be able to pay in any currency, converting it via the $ONE pool instantly with low fees.

Importantly — ONE will become a BASE PAIR — allowing token holders to choose to use ONE on the platform to swap into/out from any other asset.

Additional benefits include:

THORChain will acquire off the market ONE tokens between now and the launch in order to bootstrap the ONE pool.
THORChain and Harmony will work together to promote the ecosystem.
Harmony will be able to stake some parts of their treasury into the pool to offer even more liquidity to token holders.
ONE token holders will be able to stake ONE tokens in order to earn on trade commissions every day.

BEPSwap is scheduled for public beta in 4–6 weeks.