🚨 SENSATION: Harmony is shutting down its own blockchain!
This is the twist that $ONE holders definitely didn’t expect. Harmony has proposed to completely wind down its Layer-1, which launched back in 2019, and move the ONE token to Ethereum in ERC-20 format.
The reason sounds even louder: the team says that threats from government actors and AI agents have become too serious. After a recent exploit involving the release of fake ONE, trust in its own network has taken a major hit.
📌 What matters to ONE holders:
• the tokens are expected to be moved via snapshot and issued as ERC-20 on Ethereum;
• the total supply and emission schedule are planned to be preserved;
• multisig, liquidity pools, and some on-chain applications will not migrate automatically;
• users are advised to withdraw assets from smart contracts before September 10.
The most interesting part is that Harmony now wants to bet on AI video instead of its own blockchain.
For me, this is no longer just a network change. It’s effectively an admission: maintaining your own Layer-1 has become too risky and too expensive.
🤔 And here’s the main question for the market: after the move to Ethereum, will ONE get a new life—or will this be the final chapter of Harmony?$ONE
This is the twist that $ONE holders definitely didn’t expect. Harmony has proposed to completely wind down its Layer-1, which launched back in 2019, and move the ONE token to Ethereum in ERC-20 format.
The reason sounds even louder: the team says that threats from government actors and AI agents have become too serious. After a recent exploit involving the release of fake ONE, trust in its own network has taken a major hit.
📌 What matters to ONE holders:
• the tokens are expected to be moved via snapshot and issued as ERC-20 on Ethereum;
• the total supply and emission schedule are planned to be preserved;
• multisig, liquidity pools, and some on-chain applications will not migrate automatically;
• users are advised to withdraw assets from smart contracts before September 10.
The most interesting part is that Harmony now wants to bet on AI video instead of its own blockchain.
For me, this is no longer just a network change. It’s effectively an admission: maintaining your own Layer-1 has become too risky and too expensive.
🤔 And here’s the main question for the market: after the move to Ethereum, will ONE get a new life—or will this be the final chapter of Harmony?$ONE
