Shardeum: The airdrop will be carried out in three stages. In the first stage, approximately 3.66 million SHM will be distributed to early contributors

The Layer1 blockchain Shardeum has released an airdrop update. The Shardeum Foundation plans to distribute SHM airdrops in three stages, totaling 25.4 million coins. The first stage is for early contributors (3,661,600 coins), the second stage is for incentivizing test networks (3,296,500 coins), and the third stage is for mainnet activities (18,441,900 coins).

 

In the first phase, 3,661,600 SHM will be distributed. Early contributors are divided into four categories: off-chain contributors, on-chain contributors, developers and node validators. Shardeum stated that its token SHM is a utility token with uses including staking , governance , reward tokens , Gas tokens and transaction fee burning . The maximum supply of SHM is 508 million.