Harmony is a popular blockchain that offers high scalability and interoperability. It aims to solve problems in the areas of transaction speed and block validation. However, it is capable of running Ethereum smart contracts. So, it is possible to build Ethereum-based dApps with high scalability on Harmony. Additionally, many altcoin projects are emerging within this ecosystem.
Harmony-based altcoin projects to watch in July
Offering various layer-2 solutions to its users, Harmony (ONE) also hosts many crypto money projects. In this article, we reviewed 4 Harmony-based altcoin projects to follow in July. cryptocoin.com We researched for you. Let’s see together.
DSLA Protocol
DSLA Protocol uses self-executing service level agreements. It also leverages bonus-accident insurance policies and crowdsourced liquidity pools. Thus, it works as a risk management framework, reducing the risk of infrastructure operators and developers incurring financial losses. DSLA rewards validators with its Proof-of-Stake consensus mechanism. In addition, DeFi compensates its customers for financial losses. The altcoin currently works on Ethereum, Polygon, Harmony, Avalanche, Fantom and Binance. At the time of writing, DSLA had a market cap of $3.5 million. Also, the cryptocurrency was trading at a unit price of $0.0006491. DSLA Protocol is currently listed on MEXC, KuCoin, Gate.io, Hoo, and PancakeSwap.
Rupiah Token (IDRT)
Rupiah Token (IDRT) is a stablecoin whose price follows the value of the Indonesian Rupiah in a ratio of 1:1. IDRT is the first Ethereum-based (ERC-20) cryptocurrency to emerge for this purpose. In this way, it can take advantage of all the advantages of the Ethereum network. Thanks to the power of blockchain, users can transmit IDRT to anyone, anytime and anywhere in minutes. It has inherent compatibility with numerous exchanges, wallets and other fascinating DeFi projects currently in development internationally. But all this is possible because IDRT is built on top of Ethereum. Cryptocurrency also works on the Harmony network. At the time of writing, Rupiah Token had a market cap of $14.4 million. In addition, the IDRT coin was changing hands at $0.00006679. IDRT is currently available for purchase through DEXs such as Uniswap and SushiSwap.
SushiSwap (SUSHI)
SushiSwap is a good example of Automated Market Makers (AMMs). AMMs are decentralized exchanges that use smart contracts to create a market for any token pair. However, being a good AMM is not the only feature that makes SushiSwap stand out. The exchange offers various benefits for network users through its native token SUSHI. The SUSHI token gives users access to 0.3 percent of the platform in exchange for using liquidity pools. Thus, SUSHI users have the opportunity to participate in the management of the platform. SushiSwap, which also runs on the Harmony Blockchain, had a market cap of around $135.6 million at the time of writing. The SUSHI token was changing hands at $1.07. Additionally, SUSHI is currently traded on crypto exchanges such as Binance, OKX, Bitget, BTCEX and Bybit.
Harmony (ONE)
The Harmony Blockchain platform aims to make it easy to develop and use decentralized applications (DApps). The network focuses on random state sharing, which allows blocks to be created in a matter of seconds. Thus, it tries to reinvent the way decentralized applications work. On its website, Harmony is described as an open and fast blockchain. Accordingly, the mainnet can run Ethereum applications with 2 seconds of transaction accuracy and 100 times lower fees. At the time of writing, the altcoin, which has a market cap of $ 212 million, was changing hands at $ 0.01727. The ONE coin is currently traded on Binance, OKX, Bybit, MEXC and AAX.
