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Crypto

Harmony Abandons Blockchain After Seven Years in Favor of Ethereum

Guavy AI Editorial Team
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ETH ONE
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Harmony has proposed abandoning its blockchain after seven years and migrating its native ONE token to Ethereum. The move would redirect token emissions to a new business called the 'Remix Economy for AI Video.'

The plan involves snapshotting ONE at the final block, which is set to occur on September 10. Users with ONE deployed onchain are urged to exit all smart contracts before this date as they will not be migrated.

New tokens would be airdropped to the same wallet addresses on Ethereum without a separate claim process, while delegated stakes and unclaimed rewards would go to individual governor vaults.

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