Harmony (ONE)
Unlock Schedule
Harmony (ONE) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Harmony (ONE) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence ONE price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
The ONE token is the unit of account for fees, staking, and governance.
Economic model
Harmony’s long‑standing design sets a fixed annual issuance of 441 million ONE, with transaction fees burned to offset issuance as usage grows. In mid‑2023, the community adopted HIP‑30v2, reallocating the 441M annual budget across purposes—75% for staking rewards and 25% directed to bridge‑recovery initiatives—reflecting the project’s post‑bridge priorities. Governance later debated reverting this split. While exact parameters can evolve through governance, the core idea remains a predictable issuance schedule with fee burn. (docs.harmony.one)
Staking and validator rules
Staking secures the network. Creating a validator requires at least 10,000 ONE as self‑delegation. Holders who prefer not to run infrastructure can delegate as little as 100 ONE to an elected validator through the staking dashboard. Slashing applies to malicious behavior such as double‑signing. (docs.harmony.one)
Core utilities
- Gas and storage: Users pay transaction and contract execution fees in ONE.
- Security and rewards: Validators and delegators earn block rewards and a share of fees, governed by EPoS rules.
- Governance: ONE is used to vote in protocol‑level proposals affecting emissions, network structure, and other parameters. (docs.harmony.one)
Assumptions
- Ongoing PoS issuance under Harmony’s constant-reward model is effectively uncapped.
Harmony’s 2020 tokenomics set a constant annual network reward of 441M ONE (issuance plus burned fees), providing a path to 0 issuance only if fees fully offset rewards; no fixed max supply is enforced after genesis.
- Modeled PoS rewards as issuance equal to the 441M/year reward, without subtracting fee burns.
Comprehensive historical month-by-month burn data is not published in a primary source; per tokenomics, fees are burned and offset issuance. For charting we assume rewards translate to equivalent minted supply; real net inflation may be lower.
- Ecosystem/Operator monthly unlocks grouped into linear periods match the official sheet totals.
Amounts and dates come from Harmony’s public Google Sheet. A minor 8 ONE rounding adjustment was applied to align grouped totals with the header allocation; individual months in the source sum to the allocation.
- Pre-open-staking block rewards mined by internal/foundational nodes did not add to circulating supply.
Harmony burned ~300M ONE that were mined between 2019-06-28 and open staking launch to ensure zero net inflation before staking went live.
- 1. https://docs.google.com/spreadsheets/d/143qpsVaezh9sY_pDhNK-cffwgEdRojWa38-rqBwKI7c/edit
- 2. https://medium.com/harmony-one/harmonys-new-tokenomics-bcdac0db60d7
- 3. https://medium.com/harmony-one/open-staking-launches-on-harmony-c7c885ef92e6
- 4. https://medium.com/harmony-one/harmony-day-one-mainnet-b31ac0d80233
- 5. https://blog.harmony.one/p/state-of-harmony-q1-2023
- 6. https://talk.harmony.one/t/harmony-mainnet-token-burn/458
Allocations
Description
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Harmony One is a blockchain platform that aims to achieve scalability, security and decentralization. It uses sharding technology and a proof-of-stake consensus mechanism to enable fast and low-cost transactions.
| Sector: | Layer 1 |
| Blockchain: | Other L1 |