Nischal Shetty is the founder of Shardeum, an autoscaling EVM-based blockchain. He is a well-known entrepreneur with over a decade of experience building and scaling global products out of India. A software engineer by education, he has also founded Crowdfire, a social media management product with over 20 Million users in the past.

Shardeum offers minimal transaction costs, supports high network performance, and promotes equal participation across users and validators. The SHM token is built for sustainable growth, strengthening network security and driving ecosystem development through a community-first, equitable distribution model.

SHM is the native token of Shardeum. It is used to pay for gas fees, incentivize node operators, and secure the network via staking. The token plays a central role in ecosystem growth by rewarding developers, users, and contributors. With a fixed total supply, its economies are designed for long-term sustainability and fair community distribution

Shardeum is an EVM-compatible, Layer 1 blockchain that uses dynamic state sharding to achieve linear scalability. Unlike traditional blockchains, Shardeum shards the network at the state level, allowing it to process more transactions as new nodes join. It ensures atomic composability across shards, meaning smart contracts can interact seamlessly. Consensus is reached via a Proof-of-Stake + Proof-of-Quorum mechanism, optimizing both decentralization and performance.

Token distribution ratio and unlocking rules: Sale 91,440,000 SHM (36.72%) – 3 month cliff then 2 year daily linear vesting Team 76,200,000 SHM (30.6%) – 3 month cliff then 2 year daily linear vesting Foundation 55,880,000 SHM (22.44%) – unlocked at Token Generation Event (TGE) Eco & Airdrops 25,480,000 SHM (10.23%) – unlocked at TGE

The trading market for this currency may experience significant fluctuations due to technical, legal, regulatory, and other factors. Please thoroughly understand the project details and conduct sufficient market research before participating. Gate cannot guarantee that the currency will be listed on the exchange. The final listing status will depend on various factors, and the official listing announcement shall prevail.

By participating in the project, you accept our Airdrop Terms and Conditions