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Wrapped One

WONE
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Harmony EcosystemWrapped tokensProtocol

News

World Assets Raises $135M for Worldcoin Expansion via WLD Token Sale
World Assets Raises $135M for Worldcoin Expansion via WLD Token Sale
World Assets raised $135 million through the WLD token sale to fund Worldcoin's growth despite challenges and restrictions in certain countries.
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Giorgi Kostiuk

12 minutes ago

Bitcoin Overview: Hitting $107,000 and Future Outlook
Bitcoin Overview: Hitting $107,000 and Future Outlook
Bitcoin surpassed $107,000, showcasing its resilience and attractiveness for investors in 2025.
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Giorgi Kostiuk

14 minutes ago

South Korea Introduces New Rules for Cryptocurrency Markets
South Korea Introduces New Rules for Cryptocurrency Markets
South Korea's Financial Services Commission has announced new cryptocurrency regulation guidelines effective June 2025.
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Giorgi Kostiuk

15 minutes ago

Ruvi AI: An Innovative Platform at the Intersection of AI and Blockchain
Ruvi AI: An Innovative Platform at the Intersection of AI and Blockchain
Ruvi AI combines artificial intelligence and blockchain, offering new business solutions. Learn more about the project.
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Giorgi Kostiuk

34 minutes ago

What is Wrapped One?

W-ONE is "wrapped Harmony ONE", a HRC-20 fungible token minted on Harmony. Harmony’s open, decentralized network is enabled through the use of the native protocol token - Harmony ONE. The token incentivizes and rewards a variety of participants including developers, validators/stakers, investors, and community members who develop, secure and govern the network. In order to use the network, users pay a small transaction fee denominated in the native Harmony token. Harmony’s scalable, high-throughput protocol is powered by a native token which is used for various forms of payment and participation in the protocol (staking, transaction fees, voting & governance). Harmony uses blockchain to align incentives of different stakeholders, developers and businesses while allowing them to build open marketplaces of fungible and non-fungible tokens and assets. Furthermore, the upcoming application of zero-knowledge proofs will allow Harmony to become a data sharing platform that can overcome the conflicting problem plaguing many information and data markets: that individual market participants’ have mutual distrust to share data but strong desire to acquire data themselves. The Harmony token will function in the following aspects of the protocol: The token is used for staking, which is necessary to participate in the POS consensus & earn block rewards and transaction fees. The token is used to pay for transaction fees, gas and storage fees. The token is used in voting for on-chain governance of the protocol.

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