Shardeum(SHM) Airdrop: Phase 1 Update

SHM Airdrop: A Three-Phase Journey

Shardeum Foundation plans to execute the SHM airdrop in three phases. The SHM allocation for respective phases are as below.

• Phase 1: Early Contributors 3,661,600
• Phase 2: Incentivized Testnet 3,296,500
• Phase 3: Mainnet Campaign 18,441,900

Shardeum Eligibility Criteria Overview

SHM airdrop rewards are evaluated based on these two core factors across the board:

High performers in each category: This includes contributors who exhibit exceptional activity or contributions within specified categories. It rewards those who stand out due to their performance and engagement.
Randomly selected contributors who meet specific eligibility criteria: To ensure wider participation, rewards will also be distributed to individuals who are randomly chosen from a pool of users meeting predefined criteria. This approach broadens the opportunity for rewards, ensuring that all eligible participants have a chance to benefit.

Note: To ensure fairness and prevent potential misuse, the exact eligibility criteria for some of the contributors will be disclosed after the Phase 1 cut-off date. And as mentioned previously, our final announcement on Phase 1 airdrop will also have the finer details of the selected contributors. We appreciate your understanding and patience as we work to maintain the integrity of the process.

Shardeum Airdrop Phase 1: Early Contributors

- Total SHM Allocated: 3,661,600
- Eligible Wallet Addresses: 35,281 (or) 42,281
- Eligibility Period: 2nd Feb 2022 - Cut-off date
- Cut-off Date: The cut-off date is set for one day before the incentivized testnet launch
Early contributors are grouped under the following four categories to recognize their unique contributions to the project, along with their respective allocated amounts.

For more detail, please check out https://shardeum.org/blog/shardeum-shm-airdrop-phase-1/

Frequently Asked Questions (FAQs)

1. What is Shardeum or SHM airdrop?

The Shardeum airdrop constitutes a strategic distribution of SHM, the native tokens of the Shardeum blockchain platform, directly to the digital wallets of eligible community members. This underscores Shardeum’s commitment to offering a rewarding experience to its community members and contributors, highlighting the value and benefits of active participation and contribution in the network. The primary objectives of Shardeum Phase 1 airdrop are: rewarding as many early contributors as possible who are key in growing Shardeum, decentralizing the ownership of SHM, encouraging users to engage more deeply with the platform, fostering a sense of participation and investment in the Shardeum ecosystem’s growth and success especially with the mainnet aorund the corner.

2. Having recently joined the Shardeum community, have I missed the opportunity?

Welcome to Shardeum! You’re right on time. Shardeum is committed to long-term, widespread decentralization – growing horizontally or in other words, growing with, and driven by the people! Our journey includes several key phases, with upcoming airdrops for both our Incentivized Testnet and the Mainnet launch. To stay involved and contribute, join our Discord server and get started. Your participation now can play a vital role as we transition from testnet to mainnet. Beyond these initial airdrops, Shardeum and our ecosystem project will offer numerous future opportunities. These range from career openings, grants to build innovative projects/dapps, node operation, various campaigns & contests, NFTs among others. So, rest assured, there’s much more ahead — you’re still at the forefront of exciting developments!

3. Who is eligible for the airdrop in this phase? And how will I know if I’m eligible for the airdrop?

We will make an official announcement with all the necessary details of phase 1 airdrop campaign soon. It will also have details about how and by when you can expect to receive the airdrop tokens.

4. What measures are being taken to ensure a fair airdrop?

Even though it is not feasible to reward all contributors, we’ve devised a two-pronged approach for distributing SHM rewards at the core in our effort to conduct a fair airdrop:

High performers in each category: This includes contributors who exhibit exceptional activity or contributions within specified categories. It rewards those who stand out due to their performance and engagement.
Randomly selected contributors who meet specific eligibility criteria: To ensure wider participation, rewards will also be distributed to individuals who are randomly chosen from a pool of users meeting predefined criteria. This approach broadens the opportunity for rewards, ensuring that all eligible participants have a chance to benefit.
Sybil & bot criteria will be disclosed after the cut-off date.

5. Considering the selection criteria and process for the Phase 1 airdrop as detailed in the article, is there a possibility that I might not be included?

Thank you for raising this important question. We’ve dedicated considerable effort to acknowledge as many early contributors as possible, conducting an unparalleled and thorough analysis of the data to determine eligibility. It’s true that not all early contributors will receive airdrops in this phase. However, we are actively exploring ways to honor your contributions you made during the phase 1 eligibility period, which are detailed under the question below.

6. Are there any regional restrictions for receiving the airdrops?

Yes. Participants/contributors residing in countries or territories subject to comprehensive sanctions will face restrictions. A detailed list of these locations will be provided alongside our final airdrop announcement document.

7. How can I stay updated on the upcoming airdrop campaigns?

Make sure to join our Discord server, and other social channels of your choice to stay on top of upcoming campaigns. Additionally, to stay informed about the latest developments on Shardeum, we encourage you to subscribe to our newsletter. Our subscribers receive regular updates filled with essential details about our ongoing and upcoming activities.

8. What is the eligibility criteria for on-chain contributors?

We have implemented a scoring mechanism to measure the performance of on-chain contributors. It will be disclosed after the cut-off date to prevent potential misuse.

9. What is the eligibility criteria for node validators?

The criteria for selection will be mainly based on standby hours. The actual criteria will be disclosed after the cut-off date.

10. When will the snapshot for eligibility be taken in relation to phase 1 airdrop?

Snapshot will be taken on the cut off date (one day preceding the Incentivized Testnet launch)

11. When are you launching Incentivized Testnet?

The Incentivized Testnet is anticipated to launch within the next few weeks.

12. Can I run a node now?

Yes, you can run the node now, as the cut-off period for Airdrop Phase 1 extends up to the day before the launch of the incentivized testnet.

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