mance harmon

Mance Harmon has over 20 years of senior-level expertise in a variety of startups and businesses. Hedera Hashgraph, a next-generation distributed ledger system that claims to provide faster speeds and security assurances than existing blockchain alternatives, was co-founded by him in 2017.

Harmon stated that his interaction with Libra's head, David Marcus, was partly inspired by the Libra Association's consortium governance approach as the disclosure of Facebook's Libra project began to saturate the industry debate.

The Hedera Hashgraph network launched its public beta in September, with three services: HBAR cryptocurrency trading, smart contracts, and file services. After only a few months on the market, the HBAR token witnessed its value plummet by 90%. Harmon and the Hedera team stated at the end of 2019 that user acquisition had not progressed as quickly as expected, concluding that the company would reevaluate the token economics in order to provide additional value to holders of HBAR's Simple Agreement for Future Tokens.

Harmon and his team will be hard at work reassessing the token's economics and business strategy in an effort to offer value to investors and reinforce their competitive presence in a proliferation of blockchain networks, as the launch of Hedera Hashgraph did not meet expectations.