Harmony has proposed shutting down the layer-1 blockchain it launched in 2019 and moving its ONE token to Ethereum as an ERC-20 asset, citing mounting threats from state actors and AI agents. The non-binding plan would allow validators to begin ceasing operations on Sept. 10, while maintaining ONE's total supply and emission rate. Harmony would take a final snapshot of ONE holdings and airdrop equivalent new ONE tokens to the same wallet addresses on Ethereum. Delegated stakes and unclaimed rewards would be transferred to individual governor vaults, while centralized exchanges would migrate their ONE listings. Smart-contract positions, including liquidity pools and decentralized applications, cannot be transferred and must be exited before Sept. 10. The project has described its validator compensation program as approximately $1.4 million, with payments intended to cover emission rewards between a validator's final block and the network's final block. Earlier published terms set the pool at $1.372 million. The shutdown follows an Aug. 11 exploit in which Harmony said more than 3 trillion unauthorized ONE was minted, prompting a rollback that removed more than 109,000 transactions. Future ONE emissions would support Harmony's planned AI video business, including operator subsidies and affiliate commissions.