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Binance Launchpad announces Harmony as fifth token sale event

Binance Launchpad, the IEO launching platform led by Binance, has announced support for its fifth project of the year, Harmony. As per the blog post, the Harmony token sale will follow a lottery format and begin on May 28, 2019, at 6:00 AM UTC.

Harmony has been described as a fast and secure blockchain with innovations in state sharding and in peer-to-peer networking. The team is made up of 12 people with seven engineers from Google, Apple and Amazon.

Commenting on the project, Binance CEO Changpeng Zhao said:

“Scaling is still one of the key problems of the blockchain industry, which we as an industry should aim to solve in the most effective way possible. The ambitious team behind the Harmony project proposes to solve this problem using sharding to parallelize transaction processing. I believe the team’s commitment to opening up blockchain technologies for billions of people will allow them to make a significant contribution to addressing the issue of scaling.”