Harmony Seeks Network Shutdown and ONE Move to Ethereum

Harmony is weighing a permanent network shutdown and a migration of its ONE token to Ethereum, according to a non-binding proposal dated September 6, 2026. The plan remains a proposal, not an approved or executed transition, and key milestones are still undisclosed.

Harmony seeks to shut down its network

Reporting published September 7, 2026, describes a September 6 proposal to shut down Harmony and move ONE to Ethereum, per CryptoSlate. That reporting verifies what the outlet described, not approval or execution of the plan. For related coverage, see Blockstream Says Liquid Network Bridge Patched After Exploit.

Scope of the intended shutdown

The proposal targets a wind-down of the Harmony network itself. It should not be read as closing the organization, ending development, or retiring the ONE token. The precise technical scope of the shutdown remains unverified. For related coverage, see Liquid Network Hacker Returns 3,400 Bitcoin, Keeps 15%.

Decision status and timing

CryptoSlate reports the proposal is non-binding, and that no final block or airdrop date had been disclosed as of its article. No approval record or execution evidence has surfaced. A community discussion of the “voluntary winding down” is visible on the Harmony forum, where contributors disagree over the move. For related coverage, see AINext Awards & Conference Dubai 2026: Where AI Leaders, Innovators and Decision-Makers Shape the Future of Artificial Intelligence.

Coverage of the proposal has already begun circulating, including a separate report that Harmony would shut down its network and migrate ONE to Ethereum. For related coverage, see AgriNext Awards & Conference Dubai 2026: Where Agriculture Leaders, Innovators and Investors Shape the Future of Food Systems.

What ONE’s proposed move to Ethereum could mean

The mechanism described is a proposed final-block snapshot, followed by distribution of new ONE tokens to the same wallet addresses on Ethereum, according to CryptoSlate. This describes a proposal, not an implemented conversion.

ONE traded at $0.00072639 at the research-time snapshot, down a fraction over 24 hours, with a market capitalization near $10.8 million. That figure is a snapshot and does not measure any reaction to the proposal.

What holders would need to know

Conversion terms, eligibility, wallet and exchange support, and any required action all remain to be confirmed. CryptoSlate reports that smart contracts, liquidity pools, and multisig safes would not migrate automatically, and that Harmony urged users to exit smart contracts before September 10.

A September 7 forum post links a migration FAQ whose embedded excerpt names Thursday, September 10, 2026, at 7 a.m. Pacific (14:00 UTC) as an asset migration snapshot cutoff. That excerpt’s official authority is unverified, and CryptoSlate separately says the final block and airdrop date are undisclosed; treat these as distinct milestones.

Details still to confirm about Harmony’s transition

The proposal reportedly includes a $1.37 million governor and delegator compensation pool paid over four quarters, subject to conditions, according to CryptoSlate. The terms and conditions attached to that pool remain unconfirmed.

Approval and implementation milestones

The decision process, approvals, final block, official snapshot cutoff, and airdrop date are not established by the current evidence. Do not equate validator shutdown eligibility with the final block or the airdrop.

Network services and ecosystem support

Implications for staking, validators, applications, and exchange listing support are unconfirmed. These are gaps in the available evidence, not proof that Harmony has withheld the information. Watch for an authenticated Harmony announcement and the September 10 window cited in the FAQ for the next concrete signals.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.