Harmony One is 99% Harmony DONE! TLDR: They’re gonna dilute your tokens with new ONE minted.

Last time, I wrote Harmony One is 95% Harmony Done. It seems I was wrong. It is 99% that One is Done now. They have made a proposal to reimburse those who were affected by the hack. Link below.

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TLDR: No bail out. Loss will be reimbursed in ONE tokens. Worst yet:

1. One holders have NO saying the proposal. All you got is whether those were affected by the hack should be reimbursed 50% or 100%. You gotta bite the inflation proposal.
2. You gotta sell ONE in centralised exchanges if you would like to buy back your lost tokens like USDC or ETH.
3. ONE being reimbursed will be MINTED and not from the treasury wallet. Remember who said their treasury wallet could cover the loss. Hell no. They will PERFORM the hardfork to increase number of ONE in circulation. Your ONE will be diluted by new ONE minted in a span of 3 years.
4. Basically, Harmony team is NOT taking responsible for the hack, they are not gonna pay you a damn thing. It is future investors who are gonna buy new ONE will be paying up for the reimbursement. It is INSANE and ABSURD.

another TLDR: Those who are affected got f\*\*\*ed twice. They will reimburse you by the worthless token which will be diluted in 3 years as more ONE will be redeemed.

To ONE holders. Be prepared to see a volatility of ONE in a few month. There might be a case it will be pumped by some whales so you could be their exit liquidity.

To me (not a financial advice): One is as good as Done now.

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38 thoughts on “Harmony One is 99% Harmony DONE! TLDR: They’re gonna dilute your tokens with new ONE minted.”

  1. DAO has no meaning when the proposals are controlled by a select few. The illusion of choice is plain to see in this example.

    Reply
  2. The choice between 100% money back and 50% money back is obviously no choice at all.

    This is done by Tse and Li and not the Team.

    Reply
  3. ahhhh yes, lets ignore supply and demand, printing more ONE won’t solve shit, those that got reimbursed will barely have anything and those that have ONE will suffer the same. Creating sell pressure = low liquidity = those that exit last will literally lose everything. Good plan guys.

    Reply
  4. Minting tokens to reimburse people who lost theirs is a lose-lose situation for both parties imo. I agree, its 99% dead.

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  5. 5 days to undelegate… I’m sure the price will be ok for those 5 days so I can get my -90% bag back though, right!?

    Reply
  6. Remember when VET was shilled to death here? Pepperidge farm remembers.

    Remember when LUNA was shilled to death here? Pepperidge farm remembers.

    Remember when CRO was shilled to death here? Pepperidge farm remembers.

    Remember when LRC was shilled to death here? Pepperidge farm remembers.

    Remember when ONE was shilled to death here? Pepperidge farm remembers.

    Reply
  7. They introducing [TWO] finally? joking aside, this is the exact same shit like LUNA. that sucks for one stakers. I left last year after jewel migrated so I guess it was fate.

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  8. Hahaha. More signs of the bear market. Everything’s a scam, crypto is bullshit, I should’ve left… time to buy

    Reply
  9. I feel bad for the people who who believed in this coin.

    At the same time I can’t fathom how to take a coin seriously that uses emojis all over the road map. That’s all the research I did, I didn’t look any further, it was enough for me to ignore this coin for good.

    Reply
  10. Bugger, I have quite a few coins. I honestly thought Harmony One would be one that made it through. Just goes to show

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  11. An absolute bull shit. How tf is this going to reimburse anyone when you make shitload of tokens gonna negatively affect the price. I just dont get it.

    Anyway, i think its time for me to unstales and sell at a loss.

    Reply
  12. This sub is so unreliable. Months ago peoples here were sucking off Harmony One. Now it’s in the crapper. Crypto as a whole seems to be done in the short term. Only BTC is worth anything.

    Reply
  13. This is very bad for ONE. They clearly don’t care about their investors and chose their greed! Now investors will pay for their security problems…

    Reply
  14. The true problem is the pitiful governance made by only 2 person.

    Talking about decentralised and realizing those in charge are dictator not listening or talking to their community.

    Reply
  15. I like how you call it harmony DONE, haha.
    It sounds like LUNA ver. 2, how can minting new tokens not affect the holders? Sigh.

    Reply
  16. I gave my nephew $200 to invest in crypto last year. After trading back and forth between a few cryptos he settled on ONE.

    It’s now worth roughly $15.

    Reply
  17. I bought One from shilling on this sub….sold my BOND after advice from here ( it pumped wildly right after) . Bought lots of Loops because of shilling hereas well and don’t think I’ll ever DCA to a profit point again.I no longer follow crypto advice on Redditt .

    Reply
  18. Yeah, I would like someone to proppes the other end of the argument. I hold a small amount of ONE tokens myself, but I would like to hear the counter arguments before i take a decision.

    Reply
  19. those two morons ruined this whole project. project is FUCKED. decentralization my ass, Tse is the moronic dicktator behind this ponzi. thats right! i called this a ponzi because thats what this solution is!

    Reply

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