Harmony plans to sunset network and move ONE token to Ethereum

Harmony has proposed shutting down its network and moving its $ONE token to Ethereum as the project responds to growing threats from state actors and AI agents, according to a statement issued on Sept. 6.

“The threats posed by state actors and AI agents are too great,” Harmony stated. Since our mainnet launch in 2019, our community has been resilient through attacks and changes—but it is time to fully sunset the Harmony network.”

The proposed transition would allow validators to cease operating beginning Sept. 10. Harmony plans to compensate validators for the difference in emission rewards between their final block and the network’s final block, with approximately $1.4 million set aside for the validator compensation program.

Validators can also continue as governors or participate in Harmony’s planned AI video economy, the team added. GPU operators could receive first-year subsidies and support aimed at generating up to $1 million in combined revenue, while affiliates would initially receive a 30% recurring commission on referred $10 monthly subscriptions.

Harmony would snapshot $ONE holdings at the network’s final block and airdrop equivalent new $ONE tokens to the same wallet addresses on Ethereum. Delegated stakes and unclaimed rewards would instead go to individual governor vaults, while centralized exchange listings would be migrated.

The project said $ONE’s total supply and emission rate would not change. The team plans to publish the Ethereum token contract, governor vault contract, snapshot calculations and airdrop scripts for public audit.