Shardeum’s Token Launch: The Drama Unfolds on May 5th! 🎉

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So, Shardeum, the layer 1 blockchain that’s basically the love child of WazirX founder Nischal Shetty and a very patient tech community, has finally decided to pop the question: “Will you marry me on May 5, 2025?” 💍

They confirmed this monumental date in a post on X (formerly known as Twitter, because who doesn’t love a rebrand?), on April 17. They promised more juicy details about their airdrop, token sale, and SHM listings soon. Because nothing says “trust us” like a series of delays, right? 🙄

This Just In ➡️ Shardeum TGE ➡️ 05.05.2025

More details regarding airdrop, token sale $SHM allocation & listing will be announced soon 🎊

Stay tuned!

— Shardeum (@shardeum) April 16, 2025

Earlier this month, they were all set to launch on April 15, but then—plot twist!—they decided to delay it to May because, apparently, the market was throwing a tantrum. They assured us that the tech is ready, but hey, who wants to launch when the universe is in a bad mood? 🙃

Now, let’s talk about their development journey, which sounds like a reality show: “Keeping Up with the Testnets.” They’ve had multiple testnets—“Liberty,” “Sphinx,” and the incentivized “Atomium”—that helped them test scalability and community engagement. And guess what? Their testnet broke records with over 171,000 validators and more than 81 million transactions. That’s a lot of digital handshakes! 🤝

But wait, there’s more drama! Despite all these technical milestones, Shardeum has seen more exits than a bad reality show. Over a dozen employees, including some key players, have left the building in the past year. But don’t worry, they claim their leadership is stronger than ever, thanks to the new chief technology officer, Srinivasan Parthasarathy. Because nothing says stability like a fresh hire! 😅

To sweeten the deal for early supporters, Shardeum has rolled out a three-phase airdrop campaign. They’re giving away more than 3.6 million SHM tokens to contributors in development, community, and validator roles during the first phase. And if you participated in the incentivized testnet and mainnet launch campaigns, you’ll get your rewards later. It’s like a digital treasure hunt! 🗺️

The SHM token will be the Swiss Army knife of the network—used for governance, staking, and gas payments. And to keep things spicy, Shardeum will burn all transaction fees to support its deflationary model. They’ve capped the total supply at 508 million SHM, with over half going to the community. Because who doesn’t love a good community giveaway? 🎁

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2025-04-17 11:15