Harmony proposes migrating the ONE token to Ethereum and gradually shutting down the mainnet.

Harmony Protocol announced a proposal to migrate its native token ONE to the Ethereum mainnet and gradually shut down the Harmony network. Under the plan, ONE balances in user wallets, staking delegations, validator rewards, smart contracts, and centralized exchanges will be snapshotted at the final block. The new ONE tokens will be airdropped to corresponding Ethereum addresses as ERC-20 tokens, requiring no manual claim from holders.