OneX - First $ONE Reward Token with Auto-Staking feature

Name of Project / DAO / Company

[BabyHarmony]

Application type

[Ports]

Proposal overview

[BabyHarmony is a non-custodial, $ONE reflection token with an automated liquidity pool staking feature. Our protocol redistributes trading volume to holders wallets automatically every few hours.

7% of trading volume is redistributed to holders wallets in $ONE automatically

2% of trading volume is sent daily to a Staking Pool (average interest rate 50%)
-2/3 of the rewards of the Pool are sent to holders in $ONE every 24h
-1/3 are reinvested in the Pool

With this feature we are the first Token with guaranteed rewards independently of price and daily Volume. And since 1/3 is reinvested those rewards are growing indefinitely. That is an integrated FAILSAFE.

BabyHarmony has been deployed on the Binance Smart Chain
Our Community has grown to about 3000 holders and Telegram members in 10 days with a total trading volume of over 5 Million $.]

Team

[6 undoxxed team members,
we would be happy to KYC]

Proposal ask

[$50k]

Justification

[1.Port from BSC to the Harmony Network
2.Implementing ONE staking pools into our automated staking feature
3.Marketing cost on Harmony]

Metrics for success

[Weeks 1-4: Launching on Harmony testnet
Weeks 5-6: Launching on Harmony mainnet
Weeks 7-8: Deployment of fully automated Harmony pool staking.]

External links

[https://babyharmony.app/
Whitepaper – BabyHarmony
Telegram: Contact @BabyHarmonymain]

15 Likes

BabyHarmony is an awesome project. They brings some utility to their project which are game-changer!
Auto-stacking pool with the 2% fees on in/out transfer is the first ever feature on such a reflection token.
It will bring daily rewards no matter the volume and price!

The team is well known and competent, the project has got a huge potential and the ONE as a reflection token is the best choice they could have make.

8 Likes

$BabyHarmony is not just a reward coin! It is a banking system in the cryptoworld that will give you many ways of income! Harmony One is given to all holders by each transaction. Furthermore, a part of the transaction is put into a staking pool. This will even accumulate more harmony one. One part will be paid out to holders, the other reinvested to the staking pool. This will increase the value and amount of the staking pool drastically. In addition, a NFT marketplace will be developed which will give again harmony one reflections to Babyharmony holders!

8 Likes

Extremely professional team with well know ace developers, great project that will change the lives of thousands

6 Likes

Awesome project with autostaking just by holding i just love it :heart::boom::boom::rocket::rocket:

6 Likes

Solid project , i think both communities can benefit greatly from a partnership

7 Likes

As interest in staking, farming and other forms of passive income generation grows within the DeFi and crypto space there is a solid case that can be put forward for a rewards token than incorporates and automates these processes to have achieved product-market fit within the Harmony ecosystem.

By differentiating itself from other rewards tokens and overcoming the paradigm of rewards being directly tied to trading volume BabyHarmony appear to have pioneered a novel approach that can only further the adoption of Harmony, broadening it’s appeal within the crypto landscape and fulfilling a niche within its product/service offering landscape.

5 Likes

Baby Harmony is innovative, transparent project that will lead the wave of reflection tokens that will “change the game”. Solid professional team and growing active community of loyal investors. Harmony and Baby Harmony is the future!

5 Likes

Let’s do this, this project will make more investor come in with great community support. The only first token that can rewards ONE by holding the token. I believe this project gonna have big supporter if can integrate with Harmony Network :star_struck:

3 Likes

Good community Good team​:rocket::rocket:

2 Likes

The team behind this project have some pretty neat idea about auto-staking and there are thinking about an app that will bring Defi to the mass. I support that idea and I think it would be great to see them in the Harmony network.

4 Likes

Great project and an even awesome team behind it. If you DYOR youll find out what im talking about.

3 Likes

This is a great opportunity for both Babyharmony and Harmony! The volume and awareness creation about $ONE without BabyHarmony I wasn’t involved into Harmony and I think a partnership would be great, Especially because the staking we do at BabyHarmony. This is gonna be monstrous, I hope we can do something for each other! Love this project!

1 Like

@alusere Unfortunately this proposal does not qualify for a Port due to the following reasons as described in Apply for Grants or DAO

We target the top 25% projects across chains with most tractions and highest potential: DeFi apps should have at least $20M total locked value or 20% sustained yields; NFT mints or games 10K daily active users; DAO $100K payouts. Highly vibrant and engaged communities usually have social metrics of 50K Twitter followers, 10K Discord members, 5000 active wallets, and 1000 Telegram daily online.

The Telegram group is close to qualifying with 700+ TG users (total 3.1K) and your Twitter followers are still growing in its early infancy.

@alusere will you be open to a launch grant instead?

Launch grant based on the guidelines at Apply for Grants or DAO

Applications of each launch must have prototyped a feature-full product. Harmony helps incubate these founding teams with product development, fundraising, and talent recruit.
We recommend a $50K equity-free contribution each:

$10K after launching a feature-complete product on our testnet,
$10K after forming a DAO with 5-out-of-9 multisig with our DAOs,
$10K after launching on our mainnet with audit,
$10K after 1K daily active users (with launch video, full PR promotion),
$10K after 10k daily active users (with a detailed roadmap, governance process).
Moreover, we recommend a 5-out-9 multisig account on Gnosis Safe with 3 governors from the project team, 3 governors from the project community, and 3 governors from Harmony DAOs – namely, ONEcommunityDAO, ONEdeveloperDAO, ONEincubatorDAO.

In all cases, we ask for 3-month exclusive campaigns with Harmony before more porting with other chains. We also offer follow-on investments – see 50 Investments ($20M) above; but, at the moment, you must have an outside, lead investor for us to match the funding terms. All codes, development materials and production assets must be fully open, preferrably with MIT or BSD licences; weekly updates must on sent on forum; and, all server deploys or mobile apps must be easily clonable.

Can we agree to the above terms?

@Jacksteroo Yes we are open for a launch Grant.

We have feature-full product ready and need assistance for development costs and talent recruit on the Harmony Network.

A 3 month porting exclusivity is fine.

Sharing under the MIT or BSD licences agreements is fine too.

I fully agree to the terms above.

Alex

A couple of questions,

Will BSC>BabyHarmony coexist with ONE>BabyHarmony or will it all be transferred 1:1?

Are you working on a port feature as converting to ONE to bridge then rebuying will affect people multiple times due to tax.

Approved for $50K Launch grant. Congratulations to the team and welcome to the Harmony Ecosystem! :tada:

Looking forward to the first milestone for a Testnet Launch built on Harmony.

“Testnet Launch” means launching a feature-complete product on Harmony Testnet. We define feature complete to include a user interface, connection to a wallet (Metamask, Harmony ONE Chrome Extension, etc.) on Testnet, and can be tested end-to-end by at least 100 users.

Meanwhile, to prepare receiving funds, email your identification documents to kyc@harmony.one and create a Gnosis Safe MultiSig wallet at https://multisig.harmony.one and using instructions below
:arrow_right: Setup Gnosis Safe with MetaMask & 1Wallet

Checkout the Funding FAQ for further info at Harmony Funding FAQ. Join the Harmony Grants Telegram channel to share your story and to gain partnerships there by growing your own ecosystem.

We’d love :blue_heart: to see weekly updates on this thread to keep the community posted on this proposal’s progress!

Thank you very much for this awesome news. Let us study and gather our ressources in order to start processing.
Do you provide Dev assistance in order to go through the different steps ?
Take care
BabyHarmony Team

Hi again
The launch was granted for babyharmony to migrate from bsc to hrc. We rebrand as OneX on Harmony. I kyc to the new name, mentioning the former one. Can you confirm we can use the new name - OneX - ti go through the process without confusion ?
Many thanks
Testnet ongoing
Multisig soon ready