Harmony has proposed fully sunsetting its blockchain after seven years and migrating its native ONE token to Ethereum, with holders receiving new tokens through a final-block snapshot and airdrop. The token gap tied to the August 11 incident was adjusted to 6.581 billion ONE after reconciliation with Binance, Binance.US, Gate, KuCoin, MEXC and OKX, with exchanges freezing balances linked to the attacker. Users must exit all smart contracts before September 10 or risk losing their holdings, while delegated stakes and unclaimed rewards will go to governor vaults. Token emissions will now fund a new AI video platform where creators publish open prompts and assets that others can fork, with AI agents generating additional clips from each remix. Harmony attributed the proposal to security threats from state actors and AI agents, setting aside a $1.372 million transition pool for validators.
Source: Read the original article
