The blockchain gaming possibilities will only broaden when Harmony introduces ZK rollup privacy features, but first the network has to prove it can scale. With several metaverse gaming projects building on Harmony, it will be interesting to see how the network handles the stress of multiple demanding applications. Despite lack of adoption and poor price action, Harmony is setting itself up for success by appealing to a broader usebase by developing new features rather than relying on flashy marketing. Even beyond those two massive projects, this is the value proposition touted by almost every smart contract blockchain competing against Ethereum. We've already got Cardano vs Solana duking it out over the Ethereum-killer title. Harmony's mission to be the faster, cheaper alternative to Ethereum is an uphill battle.
Finally, the 441 million ONE rewarded to network validators every year consist of newly minted ONE and Harmony transaction fees. The rest of the initial ONE supply was used for the seed sale, initial exchange offerings, and protocol development, totaling around 7.71 billion. Over 2.1 billion ONE was awarded to the Harmony team on a vesting schedule ending December 2022 and the over 2.7 billion tokens set aside for ecosystem operators will finish vesting in May 2025. Harmony also has a burning mechanism that removes part of each transaction fee from circulation (similar to Ethereum), but ONE is far from deflationary. Proper distribution of the ONE token is important for keeping the network secure and safe from attackers, so it's crucial that the over 12 billion ONE coins in circulation stay (mostly) in the right hands. Tokenomics are something that can make or break proof of stake blockchains, and Harmony is no different. Harmony is also integrated with third party bridges, so you can transfer assets to or from almost any popular blockchain. So, you can rest assured that Harmony's interoperability app, called the Horizon bridge, natively enables assets to flow freely from Harmony to Ethereum and the Binance Chain. Harmony wouldn't live up to its name if it wasn't able to interact with other blockchains.
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