Shardeum Introduces Updates on SHM Airdrop
Shardeum, the world’s first EVM-based L1 blockchain, has revealed significant updates regarding phase 1 of its SHM airdrop. The draft version of the airdrop has garnered over 3,000 feedback submissions from the community. The primary goal of the campaign is to reward community members who have contributed to Shardeum’s progress in the crypto market. The draft provides key details about Shard (SHM), including upcoming airdrop phases.
Details on SHM Allocation and Airdrop Phases
According to Shardeum, SHM will have a maximum supply of 508 million tokens. These tokens will be allocated to validators, archiver nodes, and TGEs within the ecosystem. The airdrop will be executed in three phases. The first phase targets early contributors, while the second phase focuses on an incentivized testnet. The third phase is dedicated to the mainnet campaign and allocates the largest amount of tokens in the airdrop: 18.44 million SHM.
Clarification on Airdrop Benefits and Treasury Allocation
Speculations about the airdrop benefiting Shardeum’s treasury have surfaced. However, Nischal Shetty clarifies that the team is not allowed to participate, and none of the airdrop allocation goes to the treasury.
Opportunities for Unrewarded Contributors
The Shardeum community has confirmed that there are plans in place for unrewarded contributors within the network. Although not all node validators can be rewarded in a single airdrop, the organization has introduced the Early Contributor Program (EVP) during the phase 1 eligibility period. Eligible contributors will receive a Unique NFT that offers various benefits. The eligibility criteria include high performers and randomly selected contributors.
Hot Take: Shardeum Airdrop Presents Exciting Opportunities for Community Members
The release of the draft version of the Shardeum phase 1 airdrop has generated significant excitement among crypto enthusiasts. With its unique approach as an EVM-based L1 blockchain, Shardeum aims to reward community members who have contributed to its growth. The allocation of over 25 million SHM coins for airdrops demonstrates the project’s commitment to engaging its community. Furthermore, the introduction of the Early Contributor Program provides additional opportunities for contributors to be recognized and rewarded. Shardeum continues to make strides in the crypto market, offering innovative solutions and incentives for its supporters.
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