# Harmonized Token ($HMZ)

## $HMZ Token

### Use cases & token supply

The Harmonized platform also has its own decentralized native token $HMZ, which will permit token holders to establish a collective community and gain a sense of unity and ownership over the Harmonized protocol. The $HMZ will have an initial supply of 50 million tokens and additionally serve many features such as lucrative staking and yield farming, in which users can deposit and stake their $HMZ and $HMZ/$BNB liquidity pool (LP) tokens and earn passive income in the form of $HMZ. Users can also take advantage of the microtransaction fees through savings of the Harmonized aggregator. A small microtransaction fee is taken whenever a user utilizes the Harmonized yield aggregator and obtains large savings in token price regarding the token price median. The value of this fee is then used to buy back the $HMZ token. The Harmonized platform has eliminated the traditional DEX fee, only charging the micro-transaction fee when a user has saved money.

![Figure 5: The Harmonized App as shown on the iPhone 12, featuring staking and interest accumulation of the Harmonized Token ($HMZ).](/files/ylYBzRno3hSPC4cZYXDe)

### What makes $HMZ special?

Furthermore, a 4% wealth management fee is implemented across the yield optimizer, which is also utilized to repurchase the $HMZ token. All these implementations have been coded into the token smart contract to encourage positive price action and healthy growth of the $HMZ token. There is no taxation event during each purchase or sale of the $HMZ token. Therefore, token holders may rest assured that they can purchase or sell their token at any time without the stress of unnecessarily increasing the slippage tolerance. What truly sets The Harmonized Platform apart from the rest of its competitors is that the DEX aggregator currently being developed is a truly unique innovation, as it can iterate through both the front-end of different launched DEXs, which ultimately means that any established DEX can be added to the Harmonized Platform with ease at any point in time. Furthermore, an established, fast and easy to use automatic staking and yield optimizer with an optimized and premium user interface and experience (with plans of going cross-chain) developed by the Harmonized team will revolutionize the entire cryptocurrency ecosystem.


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