Shardeum launched an airdrop campaign before the mainnet launch and is now online for airdrop registration

PANews reported on March 14 that according to Chainwire, the Layer1 blockchain Shardeum is preparing for the launch of the mainnet and has launched a structured airdrop campaign for early contributors. A total of 5.5 million SHM tokens will be distributed to 63,000 eligible wallets, and the airdrop will be divided into two different phases, each targeting a different group of contributors: Phase 1 rewards users who participated in the Liberty Alphanet and Sphinx Betanet between February 2022 and June 2024, and the snapshot was taken on June 22, 2024, with a total of 3.3 million SHM distributed. Phase 2 is primarily aimed at those who participate in Shardeum's Atomium incentivised testnet between June 2024 and March 2025, with snapshots taken on March 1, 2025, with a total allocation of 2.1 million SHM.

In addition, Shardeum, a Layer1 blockchain, announced today on the X platform that SHM token airdrop registration is now live, and eligible users who register within the first 7 days will receive their allocation at TGE, and SHM airdrop registration closes at 07:59 Beijing time on April 14, 2025. According to its recently announced updated tokenomics, SHM's uses include staking, rewards, and gas functions, with an initial supply of 249 million, of which 36.72% is for sales (after a 3-month lock-up period, daily linear vesting for 2 years), 30.6% is allocated to teams (after a 3-month lock-up period, daily linear vesting for 2 years), 22.44% is allocated to the Foundation (unlocked at TGE), and 10.23% is allocated to the ecosystem and airdrops (unlocked at TGE). Similar to Ethereum, validator rewards will be dynamically generated based on network demand, and SHM is expected to show a deflationary trend over time due to the 100% burning of all fees.

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