{"id":338367,"date":"2021-09-13T02:00:00","date_gmt":"2021-09-12T23:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/300m-incentive-program-backs-100-rally-in-harmony-one-price\/"},"modified":"2021-09-13T02:00:00","modified_gmt":"2021-09-12T23:00:00","slug":"300m-incentive-program-backs-100-rally-in-harmony-one-price","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/300m-incentive-program-backs-100-rally-in-harmony-one-price\/","title":{"rendered":"# $300M incentive program backs 100% rally in Harmony (ONE) price"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a29ec34dba98\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a29ec34dba98\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/300m-incentive-program-backs-100-rally-in-harmony-one-price\/#Funding_incentives_ignite_price_rallies\" >Funding incentives ignite price rallies<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># $300M incentive program backs 100% rally in Harmony (ONE) price <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Protocol and community development initiatives have become the latest trend in the cryptocurrency market after a number of projects have launched multi-million dollar funds aimed at enticing builders and investors to make the cross-chain migration into the layer-2 ecosystem.<\/p>\n<p>The latest project to capitalize on this trend is Harmony (ONE), a blockchain protocol that boasts a 2-second transaction finality and offers cross-chain bridges to a handful of layer-one protocols, including Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT) and the Binance Smart Chain (BSC). <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/ONEUSDT\/\">TradingView<\/a> shows that since hitting a low of $0.095 on Aug. 31, ONE price rallied 120% to a daily high at $0.21 on Sept. 9 as its 24-hour trading volume spiked to $717 million. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/dd351692-2067-47a2-a5b3-d73adb7d4adf.png\"><figcaption style=\"text-align: center;\"><em>ONE\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The surge in ONE price came after the project announced a new $300 million ecosystem fund aimed at attracting 10,000 developers and project founders to build on the protocol. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today, we are announcing our $300 million ecosystem fund to accelerate 10,000 builders.<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/harmonyprotocol?ref_src=twsrc%5Etfw\">@harmonyprotocol<\/a> ecosystem has been growing exponentially and we aim to fund 10,000 more crypto founders, builders and creatives.<\/p>\n<p>Let\u2019s build the future together: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/6Yb9DoAa65\">https:\/\/t.co\/6Yb9DoAa65<\/a><\/p>\n<p>\u2014 Harmony (@harmonyprotocol) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/harmonyprotocol\/status\/1436031205959405570?ref_src=twsrc%5Etfw\">September 9, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Aside from the development fund, Harmony price also benefited from the new partnerships and cross-chain integrations established over the past few months. The most recent development came with the Sept. 8\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/harmonyprotocol\/status\/1435615504492679170\">announcement<\/a> of a partnership with Anyswap that will bring a Bitcoin bridge to Harmony. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>New fund aims to put hundreds of millions toward Algorand DeFi growth<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Funding_incentives_ignite_price_rallies\"><\/span>Funding incentives ignite price rallies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Community development funds launched by protocols over the past month is the new tactic being used to attract liquidity.<\/p>\n<p>Avalanche was one of the first to do so when it announced its\u00a0$180 million \u201cAvalanche Rush\u201d DeFi incentive program, which was followed by a 200% rally in the price of AVAX. <\/p>\n<p>Another example is Fantom, which has seen its price surge by 300% following the announcement of its 370 FTM incentive program.<\/p>\n<p>Other protocols that have launched similar initiatives recently include Terra, whose \u201cProject Dawn\u201d\u00a0 launch allocates $150 million to help improve the Terra ecosystem and Algorand, which <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AlgoFoundation\/status\/1436301812181647360\">launched<\/a> a $300 million Viridis DeFi fund aimed at maximizing the growth of the DeFi ecosystem on Algorand. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/300m-incentive-program-backs-100-rally-in-harmony-one-price\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# $300M incentive program backs 100% rally in Harmony (ONE) price &#8221; Protocol and community development initiatives have become the latest trend in the cryptocurrency market after a number of projects have launched multi-million dollar funds aimed at enticing builders and investors to make the cross-chain migration into the layer-2 ecosystem. The latest project to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":338368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvZTkzYmEzZjItODUxZS00NDFlLThmNGItMGYxYTlmMmZkNTVjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75866,74867,88119,74863,75719,74939,73821,73785],"class_list":["post-338367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-algorand","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-funding","tag-market-analysis","tag-developers","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/338367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=338367"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/338367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/338368"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=338367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=338367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=338367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}