Shardeum Launches Phase 1 Airdrop with 3.6M SHM Tokens

A rapidly advancing Layer 1 blockchain, Shardeum, is poised to launch its incentivized testnet, unveiling a three-phase airdrop initiative to recognize early contributors.

📢 Shardeum Airdrop: Phase 1 Update We want YOUR feedback on rewarding the early contributors who have supported Shardeum through blogs, Twitter threads, video, running validator nodes, Leagues & more! Give us your suggestions & feedback ⬇️

— Shardeum 🎓 (@shardeum) February 2, 2024

In Phase 1, 3,661,600 SHM tokens will be distributed among 35,281 eligible wallet addresses, encompassing off-chain contributors, on-chain contributors, developers, and node validators.

SHM, the native coin of Shardeum, features a maximum supply of 508 million, allocated across categories such as community rewards, sales, team, foundation, and ecosystem. 

Contributors will be assessed for exceptional performance, and random selection criteria will broaden participation, spanning off-chain contributions to node validation, with SHM amounts ranging from 50 to 10,000.

The eligibility period spans from Feb 2, 2022, to the cutoff date, set a day before the incentivized testnet launch. Comprehensive details, including beneficiary information and eligibility criteria, will be unveiled in the forthcoming announcement. 

Shardeum underscores its commitment to fairness and community involvement, positioning itself as a dynamic and inclusive player in the evolving blockchain landscape.

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2024-02-02 17:56