Wrapped One wallet

What is Wrapped One (WONE)?

ONE is the native coin of Harmony: it pays transaction fees there, and it is what validators and delegators stake to secure the chain. Wrapped ONE in its original sense is the token-standard version of that coin on Harmony itself, the form smart contracts need because a native coin cannot be handled like an ordinary token.

What can be held outside Harmony is a different thing again. On Ethereum and on BNB Smart Chain, ONE exists as a token representation standing in for the coin rather than being it. In that form it pays no Harmony fee, cannot be delegated to a Harmony validator, and takes part in nothing on the Harmony chain. Fees for moving it are charged in the native coin of whichever chain it sits on, so ether on one side and BNB on the other. Getting back to a usable ONE on Harmony means crossing a bridge, with everything that implies about the bridge being the thing you are trusting.

The same ticker on two chains is worth pausing over. The Ethereum and BNB Smart Chain balances are separate contracts, not two views of one holding, and sending one where the other is expected does not convert it.

Supported networks in Tangem (2): Ethereum, BNB Smart Chain. The app carries a distinct balance for each of those chains and spells out which network a transfer is going out over before the card signs anything, which matters because an EVM address is spelled the same way everywhere and only the sender knows where the recipient is looking. For a coin whose name appears in several places at once, that separation is the practical reason to keep it here.