Harmony has released two proposals to fully shut down the mainnet it launched in 2019, migrate its native token ONE to Ethereum, and redirect the project toward an AI video remix business. The team said the plan to close the network was prompted by threats from nation-state attackers and AI agents.
Mainnet shutdown and token migration plan
Under the migration proposal, Harmony would take a snapshot at the network’s final block covering user wallets, delegated staking positions, validator rewards, smart contracts, and tokens held on centralized exchanges. It would then airdrop new ONE on Ethereum to the same wallet addresses, with no manual claim required from holders.
Delegated stake and unclaimed rewards would be airdropped to the respective governor treasuries. The proposal says ONE’s total supply and issuance rate would remain unchanged. Newly issued tokens are intended for the new business, while the team said it will also seek feedback from governors.
Harmony said multisig wallets, liquidity pools, and onchain applications cannot be migrated. The team urged users to exit all smart contracts before Sept. 10, 2026, and said it plans to publish the token contract, snapshot calculations, and airdrop scripts for audit.
Validators may stop running nodes starting at 22:00 Beijing time on Sept. 10. The team said it intends to compensate the gap in issuance rewards between node shutdown and the network’s final block.
Validator compensation
Harmony plans to create a one-time compensation pool of $1.372 million for validators and their delegators who stop on time, sign the agreement, keep their stake, and serve as governors of the new project. Payments would be made over four quarters.
Proposed AI video business
As part of the new direction, Harmony wants to build an AI video remix business. The team said the new operation would open prompts and source materials for users to create derivative works, while AI agents would expand video storylines.
The project also plans to recruit operators responsible for video generation, distribution, and content review. Harmony said it would subsidize GPU hardware in the first year and work to drive demand for video generation. Operators would need to stake tokens and would earn rewards based on service uptime.
The team said it plans to help operators generate up to $1 million in combined revenue during the first year, provided staking and uptime requirements are met. In the early stage, promoters could receive a recurring 30% commission from the $10 monthly subscriptions of users they refer.
Both proposals are non-binding and may still be revised.