Shardeum announced a roadmap to airdrop 25.4 million SHM tokens to users
On the evening of February 2, 2024, Shardeum (SHM), a layer 1 blockchain project built according to the EVM structure, officially announced the airdrop roadmap for users through three phases with a total of 25.4 million tokens. SHM is allocated.
This exciting news comes as Shardeum is preparing to launch the Incentivized Testnet, offering early contributors the opportunity to receive 3.6616 million SHM tokens in a “Phase 1” airdrop campaign. Specifically, the airdrop campaign will be allocated by Shardeum Foundation - the organization behind the Shardeum blockchain - 25.4 million SHM tokens as rewards for users interacting with the network through three phases with different SHM token allocation rates. together:
Phase 1 (photos taken from February 2, 2022 - 1 day before the launch of Incentivized Testnet): 3.6616 million SHM will be reserved for users who support the project's products early.
Phase 2 (Not yet announced): 3.2965 million SHM allocated to users participating in interacting with the Shardeum Incentivized Testnet.
Phase 3 (Not yet announced): Users who meet the criteria on the Mainnet Shardeum network will be allocated 18.4419 million SHM tokens.
In Phase 1, SHM token rewards will be distributed to 35,281 (or 42,281) wallet addresses classified into four groups, including:
Off-chain collaborator: Support projects to design logos, websites, create content, create coverage for the project on Twitter/Discord channels...
Onchain Contributors: Have a role in managing the Shardeum network, participating in transactions, testing various dapps, and other related activities.
Node Validators: The top 50 node validators based on criteria announced after the launch of Incentivized Testnet will receive 500 – 10,000 SHM. The remaining number of validators will be evaluated on performance and randomized selection criteria through voting to reach the final decision, with SHM tokens ranging from 100-200. A total of 3.6616 million SHM will be distributed to four groups of users who contributed early on the Shardeum network.
Although specific details such as the wallet address information of users who meet the criteria and the SHM token claim process for “Phase 1” have not been announced, they will be shared by Shardeum Foundation in upcoming announcements. .
In addition, the Shardeum team encourages users to join the upcoming Incentivized Testnet to increase the number of SHM tokens that can be received, and affirms that this is also an important activity in shaping the future of the platform.
Shardeum is a smart contract platform, compatible with the Ethereum Virtual Machine (EVM), designed to scale linearly while maintaining decentralization and strong security through the use of technology Dynamic State Sharding. In particular, SHM is the platform's native token, used for many different utilities, including staking, administration, and gas fee payments.
The project is developed by a team with extensive experience in the market, most notably Nischal Setty - founder and CEO of WazirX, a large cryptocurrency exchange in India. Shardeum's goal is to build a better, faster, and cheaper Layer 1 to serve the growth of DeFi and other dApps.
Shardeum is the latest project to join the airdrop wave of DeFi protocols in the past month such as JUP, WEN, ZetaChain (ZETA), Manta Network (MANTA), AltLayer (ALT)…
