Shardeum launched airdrop activity before the main network was launched, and now it has launched airdrop registration

PANews March 14th news, according to Chainwire, Layer1 blockchain Shardeum is preparing to launch the mainnet and has launched a structured airdrop activity for early contributors. A total of 5.5 million SHM tokens will be distributed to 63,000 eligible wallets, and the airdrop is divided into two different stages, each targeting a different contributor group: Phase 1 rewards users participating in Liberty Alphanet and Sphinx Betanet from February 2022 to June 2024. The snapshot was taken on June 22, 2024, with a total of 3.3 million SHMs allocated. Phase 2 is mainly aimed at those participating in Shardeum’s Atomium Incentive Test Network between June 2024 and March 2025, and took snapshots on March 1, 2025, with a total of 2.1 million SHMs allocated.

In addition, Layer1 blockchain Shardeum announced on X platform today that SHM token airdrop registration has now been launched. Eligible users who registered within the first 7 days will receive the allocation at TGE. SHM airdrop registration ended at 07:59 Beijing time on April 14, 2025. According to its recently released update token economics , the uses of SHM include staking functions, rewards and Gas functions. Its initial supply is 249 million, of which 36.72% are used for sales (after 3 months of lock-up period, daily linear unlock within 2 years), 30.6% are allocated to the team (after 3 months of lock-up period, daily linear unlock within 2 years), 22.44% are allocated to the foundation (unlocked at TGE), and 10.23% are allocated to ecosystems and airdrops (unlocked at TGE). Similar to Ethereum, validator rewards will be generated dynamically based on network demand, and SHM is expected to show a deflationary trend over time due to 100% destruction of all fees.