Shardeum, an autoscaling layer-1 blockchain, has announced the launch of Stage 1 of its incentivized testnet, Atomium, set to begin on June 26, 2024. This initiative aims to enhance community engagement by inviting members to identify and fix network issues through stress testing. Approximately 3.3 million SHM tokens, representing 0.65% of the total supply, have been allocated for this airdrop.
Community-Led Development
Shardeum’s approach involves leveraging the community to test the network’s robustness. Participants will engage in peer-to-peer transactions to help identify vulnerabilities and performance issues. This community-driven effort is crucial for preparing the network for its mainnet launch.
Token Allocation and Future Rewards
Following a successful Phase 1 airdrop targeting early contributors, this second phase focuses on incentivized testnet participants. Shardeum has allocated a total of 5% of its token supply across three airdrop phases. Notably, 51% of the total supply is dedicated to node rewards, underscoring the importance of community participation in the ecosystem.
Recent Developments
Greg Hemmer, Shardeum's former Head of Ecosystem, resigned days before the testnet launch but will continue to support the project as a community member. Shardeum has raised $23.6 million in funding, with notable investors including Amber Group, Blockchain Founders Fund, and Alpha Capital.
Looking Ahead
Shardeum plans to refine the network based on testnet findings before moving to more intensive system tests in subsequent stages. This process aims to ensure the network’s security and efficiency ahead of the mainnet launch.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
