Harmony announced the raise of around $ 18 million during token presale. Hong Kong Lemniscap VC, Australian BCA Fund, Singapore UniValues Associates and Consensus Capital from Silicon Valley took part in the proccess. This writes CoinDesk.
Harmony blockchain launchs with a preminine of 12.6 billion tokens. Of these, 2.8 billion were bought by investors. Some of the remaining tokens will be used to motivate the early members of the network, including as a reward for the nodes.
The short-term goal of developers is to bring existing decentralized applications into their ecosystem. To this end, they intend to create a more efficient and scalable blockchain than Ethereum and to simplify the process of porting already functioning smart contracts. The Harmony protocol will be compatible with the Ethereum virtual machine, thanks to which project creators will have to exert a minimum of effort to switch to a new blockchain. In the long term, the company wants to use a decentralized protocol to work with personal data of the maximum possible number of users who can receive income from this.
Being an American company, Harmony is afraid of holding an ICO so as not to attract excessive attention of regulators, however, it is considering the possibility of organizing an initial exchange offering (IEO). Currently, the project is negotiating with several cryptocurrency exchanges.