A rapidly advancing Layer 1 blockchain, Shardeum, is poised to launch its incentivized testnet, unveiling a three-phase airdrop initiative to recognize early contributors.
This exciting news comes as Shardeum gears up for its incentivized testnet launch, offering early contributors a chance to earn a piece of the 3.6 million SHM tokens allocated for this initial phase.
The airdrop targets various categories of contributors, acknowledging their roles in building the Shardeum ecosystem.
Off-chain contributors like social media advocates, content creators, and community moderators are eligible, alongside on-chain participants who ran nodes, participated in governance, and interacted with the testnet. Developers and node validators also find themselves included in the airdrop program.
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.
While the claiming process for Phase 1 hasn’t been announced yet, Shardeum encourages interested individuals to stay tuned for further updates.
Participation in the upcoming incentivized testnet offers additional opportunities to earn SHM tokens and play a vital role in shaping the future of the Shardeum platform.
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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