This Altcoin Also Joined the Airdrop Craze: Road Map Released

Exciting news for altcoin enthusiasts! Layer-1 blockchain Shardeum, built on the familiar EVM structure, has officially announced its airdrop roadmap, paving the way for the distribution of 25.4 million SHM tokens in three different phases. This move demonstrates Shardeum’s plan to reward its community as it prepares to launch its incentivized testnet. It’s also a sign of its push to attract early contributors. Here are the details…

Altcoin project rewards early investors

Shardeum immediately rewards those who have supported the project since its early days. This includes “off-chain contributors” who help with design, content creation, and community engagement, as well as “on-chain contributors” who participate in network management, operations, and dApp testing. Specifically, the top 50 node validators will receive a significant share of the rewards, and details will be announced after the Incentive Testnet launch.

📢 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

The upcoming Incentivized Testnet offers users a golden opportunity to earn SHM tokens while shaping the future of the platform. By actively participating in this stage, users can contribute to the development of Shardeum and receive their share of the allocated rewards. This final phase focuses on rewarding contributors to the Shardeum Mainnet. Specific criteria and activities were not disclosed, but Shardeum emphasizes its commitment to recognizing valuable contributions that drive growth and adoption of the ecosystem.

They aim to create a solid ecosystem

Shardeum’s airdrop goes beyond just distributing tokens. This underlines the project’s vision of creating a thriving community around a scalable and secure layer-1 blockchain. By encouraging early participation and rewarding valuable contributions, Shardeum aims to attract developers, validators, and users and foster a robust ecosystem from the ground up.

Shardeum is an EVM-compatible smart contract platform that leverages Dynamic State Sharding technology to achieve linear scalability while maintaining decentralized management and security. Its native token, SHM, serves a variety of purposes including staking, governance, and gas fee payment. Led by an experienced team including WazirX founder Nischal Shetty, Shardeum aims to offer a faster, cheaper and more efficient platform for dApps and DeFi development.

Shardeum joins the airdrop train

Shardeum, which has an airdrop roadmap, opens its doors to the community. The project was developed by a team with a lot of experience in the market; most notably Nischal Setty, founder and CEO of WazirX, a major crypto exchange in India. Shardeum’s goal is to create a better, faster and cheaper layer-1 that will serve the development of DeFi and other dApps. Shardeum became the latest project to join the airdrop wave of DeFi protocols such as JUP, WEN, ZetaChain (ZETA), Manta Network (MANTA), AltLayer (ALT) last month…

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